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Updated about 4 years ago, 11/05/2020
COVID 401k loan or distribution?
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?