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Updated over 5 years ago,
Home Equity or 401K Loan to finance Multiplex?
Hello,
I want to build a 5 or 7-plex, but I'm not sure how to proceed. I have 2 sources to begin the project.
- Use the equity in my home to finance the 25% for the construction loan (or I could outright sell the home)
- Take a loan from my 401Ks to finance the construction loan.
I'm a newbie and am just not sure which route to take. What do the experienced RE investors think about my 2 options and are there any other options that I should consider?
Thanks so much in advance.