Creative Funding Options

[Scott Gordon]

Hi All!

I am currently looking for my first investment property. I’d love to hear some of your ideas for creative funding options. I have a 6 month personal emergency fund and a nice sized retirement portfolio, but since I wasn’t thinking about RE before, I don’t have a lot of liquid cash because everything above and beyond my emergency fund goes to my investments. So I am considering all options now:

- saving up for a year and pausing my contributions to my retirement accounts

- HELOC (low on the totem pole because I don't want to put my primary residence at risk)

- Trying to take a loan against my retirement accounts if I can do so without penalty

Looking forward to hear your thoughts, thank you!

Scott

[Tucker Cummings]

You could use that 401k that you rolled over into a self directed IRA and then the property would be owned by your SDIRA. However, all proceeds would go to the IRA and not your disposable income right now.

I would recommend saving for a year and being patient. That's what I did last year and I'm reaping serious rewards from it.