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Updated over 11 years ago,

Eddie Shah's profile image
Eddie Shah's profile image
Eddie Shah
  • from Chicago, Illinois
  • Member since Apr 28, 2011
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16
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3
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Eddie Shah's profile image
Eddie Shah's profile image
Eddie Shah
  • from Chicago, Illinois
  • Member since Apr 28, 2011
Connect
Eddie Shah
  • Chicago, IL
3
Votes |
16
Posts
Buying & Selling Real Estate

Buying Rental Property by Cashing out on 401K

Eddie Shah
  • Chicago, IL
Posted

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.

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