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 about 4 years ago, 11/05/2020

User Stats

181
Posts
77
Votes
Anna Catron
Pro Member
  • Fort Worth, TX
77
Votes |
181
Posts

COVID 401k loan or distribution?

Anna Catron
Pro Member
  • Fort Worth, TX
Posted

I had COVID (totally no big deal), so I'm allowed to take money out of my retirement accounts. Any thoughts on this? Anyone doing this? My vision is taking out the cash, BRRRR, repay within 3 years and viola I got a free loan from myself.

And how much should I take out?  Is this a good opportunity to jump into a multifamily?  We've got 2 SFHs that we bought for approx 135k each.  I'm used to being all in for $50k, time to up the ante?  

  • Anna Catron
  • Loading replies...