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Updated over 3 years ago on . Most recent reply

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16
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Steven Lee
  • Real Estate Agent
  • Folsom, CA
8
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16
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Solo 401K Cash Out Refi

Steven Lee
  • Real Estate Agent
  • Folsom, CA
Posted

Hey BP community,

So I have a question. If you utilize a Solo 401K to purchase an investment property are you able to use the BRRRR method by doing a cash out refi? I understand that the only type of loans available in a Solo 401K are non recourse loans but is there a way to cash out refi by using that type of loan?

Any advise advise and/or experience is welcome.

Thanks!

Most Popular Reply

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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
6,240
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17,848
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
  • Solo 401k Expert
  • Anaheim Hills, CA
Replied

Must go to 401K. Otherwise it will be taxable event plus penalties for early distribution.

  • Dmitriy Fomichenko
  • (949) 228-9393
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Sense Financial Services LLC
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