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Updated almost 8 years ago on . Most recent reply

User Stats

29
Posts
11
Votes
Jacob Sanders
  • Douglasville, GA
11
Votes |
29
Posts

Should I use my 401(k) for a down payment?

Jacob Sanders
  • Douglasville, GA
Posted

I'm still new here, so I apologize if there is a better forum for this post.

I am wondering if it would be worth it to use money from my 401(k) as a down payment on an investment property (a flip preferably). What are some of the pros and cons to using this method (aside from penalties for taking money out early)? Is there a way to avoid an early withdrawal penalty?

Thanks all!

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