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Updated almost 3 years ago,
401k withdrawal for REI
Hi I am new and still learning about REI, I have been listen to BP podcast for a couple months and I think it is time For me to do an Action. My case, I want to do long term rental ( at least to start) so I dont have much cash for 20% down payment. So I am thinking to use 401k withdrawal for my 20% down payment. I work alot overtime so I keep that money for my reserve fund. I already own primary residence and cannot move out yet due to my daughter school. Any recommendations on this? Pls help. Thank you so much in advance!!!!!