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Updated almost 2 years ago on . Most recent reply
Best Way To Fund Rehab on Multifamily Purchase
Hello!
We are new multi family property investors and have our 1st opportunity that needs about $40K of rehab work. We are putting down 20% and financing the rest for the purchase. We’re trying to figure out the best way to find the $40K of rehab. We have, the funds from a 401(k) that will be rolled over. Is this the best way to fund the rehab work or should we borrow from our QRP? Or do something different? We appreciate your suggestions.
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
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#5 Multi-Family and Apartment Investing Contributor
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- Shelton, WA
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Bjorn Ahlblad
#5 Multi-Family and Apartment Investing Contributor
Pro Member
#5 Multi-Family and Apartment Investing Contributor
- Investor
- Shelton, WA
Borrowing from a 401K would work. What is a QRP? Welcome to BP @Elizabeth Williams