Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on .

User Stats

1,071
Posts
268
Votes
Melissa Gittens
  • Real Estate Broker
  • Windsor, CT
268
Votes |
1,071
Posts

Investing in a Retirement Plan

Melissa Gittens
  • Real Estate Broker
  • Windsor, CT
Posted

What was your experience investing in your retirement plan? Also Can you give some advice on this scenario?.... 

So this issue came up for one of my real estate clients and we were trying to come up with some creative ways to work through this(if possible). They make six figures but have one credit account that has a high revolving balance, which they pay consistently (no late fees or etc.) the lender they are using to close a single family home is asking that they show additional assets that could be liquidated to take care of the full balance of the credit account. They have a substantial retirement plan and showed the retirement plan as a liquid asset. From a lenders perspective, would this be sufficient enough? 

I believe this is one of the contingencies of the mortgage.. Any advice or ideas would be greatly appreciated..