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Updated over 4 years ago,

Jaysson Brooks's profile image
Jaysson Brooks's profile image
Jaysson Brooks
  • Member since Mar 28, 2020
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Jaysson Brooks's profile image
Jaysson Brooks's profile image
Jaysson Brooks
  • Member since Mar 28, 2020
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Jaysson Brooks
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Creative Real Estate Financing

CARES ACT: Penalty Free $100K Loan from 401K?

Jaysson Brooks
Posted

Hey everyone, the new CARES Act allows for us to make a loan up to $100K from our 401K penalty free that doesn't have to be paid back for 3 years as long as you can show hardship 2/2 to the coronavirus. Does anyway know if this loan is interest free as long as it is paid back in 3 years? I was thinking of using it to buy a multifamily property. 

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