Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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 7 years ago, 05/07/2017

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!

Loading replies...