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Updated over 7 years ago,
Funding rehab with 401k
Hello biggetpockets community! After months of studying and looking I think I have found the one. My first rehab. The numbers make sense and the renovations are simple enough not to be overwhelming. However, to fund the rehab myself (which I would rather do) I will have to match the amount of cash I have saved with funds from my 401k. Is there anyway I can fund this rehab by rolling my 401k into an ira or something the like so that I do not have to take the giant tax hit by cashing the 401k out? I have heard of investors doing this with buy and hold properties however my plans with this are a simple fix and flip. Any input will be greatly appreciated!