Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
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 8 years ago on . Most recent reply

User Stats

3
Posts
0
Votes
Brian Mason
  • Nashville, TN
0
Votes |
3
Posts

401K and a loan

Brian Mason
  • Nashville, TN
Posted

I have a self directed 401K with $250K in it.  I want to buy some property with it and found a great property for $350K.   Is there a way I can make up the difference?

Can i take out a personal loan to cover the other $100K (i.e. a mortgage loan collateralized with the property, not a personal loadn?

Get a loan through my real-estate investment LLC (I have an LLC with 10 properties but not much equity built up)?

or am I stuck investing in properties that cost $250K or less using the 401K?

Thanks in advance!

Loading replies...