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Updated over 11 years ago on . Most recent reply
Buying Rental Property by Cashing out on 401K
I am venturing out into buying my 6th rental property and have decided to cash out my 401k < 30k>. I am not sure if other folks here have done it. I will be getting $1000 positive cashflow every all the fixed cost is paid.The property price is 82k. I just did not wanted to pass on this opportunity; its under contract and tenants are already in it :)
Your thoughts will be appreciated.