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Updated over 5 years ago,

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2
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0
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Robert Gibson
  • Perth Amboy, NJ
0
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2
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Thinking about taking a 401k loan to buy an investment property

Robert Gibson
  • Perth Amboy, NJ
Posted

I have never invested in real estate. However, I have been debating multiple options.

Option 1) taking a loan out on my 401k to be a silent investor with a fund and flip.

Option 2) buying my first property with my 401k loan. I am thinking about a two-family home for income but does it make more sense to get a one-family for my first purchase? I can also pay back the 401k loan in the spring of 2020 with some money I have coming in around that time

Option 3) Wait until spring of 2020 and use the money I have coming in to purchase an investment property or get in the game as soon as possible?

Feedback needed

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