Tapping equity in self-directed 401k

[Russell R.]

Would love to hear from some pros on what my options are in the following situation:

Townhome in Charlotte, NC valued at approx $230,000 in my self-directed 401k

Non-recourse loan balance remaining of $17,000 (with NASB)

Monthly rental income $1,380

Is there any way I can tap into this equity for either note investing, or other investment options?

NASB have told me that they don’t do home equity loans.

Thanks for any advice.

Russell

[Carl Fischer]

@Russell R.

I would seriously think about selling because the $16k per year is about 7% return not figuring taxes insurance and any other costs. You can probably make higher returns in notes with less hassle. I’m not sure what the appreciation is in Charlotte.