Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Commercial Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

1
Posts
0
Votes
Justin Reinhardt
  • New to Real Estate
  • Plano Texas
0
Votes |
1
Posts

Self Storage Financing Newbie

Justin Reinhardt
  • New to Real Estate
  • Plano Texas
Posted

I have always lived by the rule "Fail Fast" (without ever accepting failure). I mean this by way of I don't like to sit and over research (I don't accept the fail part). I learn best by way of Trial and Error with preparation. I like to figure out what works and doesn't work for me. 

I am looking at some possible facilities to buy but was curious what is the best form of financing my first project. I have about 300k available in my 401k and am thinking about using that to finance it completely myself. Is it better to take out an SBA / conventional loan OR is it better for me to use my personal funds? I don't plan on living off my 401K when I retire since that isn't near enough so really I would like to use that money to invest. 

Any advice is welcome! *1st post* 

Loading replies...