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Updated over 8 years ago,
401K and a loan
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!