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Updated almost 2 years ago on . Most recent reply

Elizabeth Williams's profile image
Elizabeth Williams's profile image
Elizabeth Williams
  • Member since Feb 23, 2023
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Elizabeth Williams's profile image
Elizabeth Williams's profile image
Elizabeth Williams
  • Member since Feb 23, 2023
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Elizabeth Williams
4
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13
Posts
Multi-Family and Apartment Investing

Best Way To Fund Rehab on Multifamily Purchase

Elizabeth Williams
Posted

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.

  • Elizabeth Williams
    • Atlanta, Georgia
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    Bjorn Ahlblad's profile image
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    Bjorn Ahlblad
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    • from Shelton, WA
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    Bjorn Ahlblad
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    Bjorn Ahlblad
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    Bjorn Ahlblad
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    Borrowing from a 401K would work. What is a QRP? Welcome to BP @Elizabeth Williams

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