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Updated over 8 years ago,

User Stats

49
Posts
10
Votes
Fe Kelly
  • Wholesaler
  • Goldsboro, NC
10
Votes |
49
Posts

Should I borrow from 401K

Fe Kelly
  • Wholesaler
  • Goldsboro, NC
Posted

So my husband and I have little chunk of money in our 401k as well as some money saved. We plan to house hack our first purchase with the BRRRR method. Should we borrow from our 401k to make up the rest of the down payment? We are sooooo over renting and need to purchase when the lease is up. I've never touched that money but from what I understand there are penalties. Any advice would be great.

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