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Updated over 6 years ago on . Most recent reply

Alison Rauch's profile image
Alison Rauch's profile image
Alison Rauch
  • Investor
  • from Orchard Park, NY
  • Member since Jun 17, 2015
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Alison Rauch's profile image
Alison Rauch's profile image
Alison Rauch
  • Investor
  • from Orchard Park, NY
  • Member since Jun 17, 2015
Connect
Alison Rauch
  • Investor
  • Orchard Park, NY
1
Votes |
8
Posts
General Real Estate Investing

Borrowing against retirement fun to pay cash then take a mortgage

Alison Rauch
  • Investor
  • Orchard Park, NY
Posted

Looking for advice... we are considering borrowing against our deferred compensation retirement account to pay cash for a property. Can we renovate it and then take out a mortgage to pull the money back out? Has anyone done this in NY state? We wouldn’t have to wait 6 months to take the mortgage, correct? 

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