Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 6 years ago,
Should I tap into my 401k to fund repairs?
I have purchased my 1st income property 2 yrs ago but over the last year the repairs have outpaced the income from it and am wondering where to go from here. I wasn't tapped into BP and had no strategy when I bought it, I just knew I wanted to get into investing in real estate. So now I'm learning more and want to invest in more properties but I need roughly $100k in repairs on my current property. Do I refinance it, use my 401k, get out of it right now as is or what? I know this is vague but any help would be appreciated.