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Updated almost 5 years ago, 01/03/2020

User Stats

3
Posts
0
Votes
Gilberto Fuentes
  • Contractor
  • Atlanta, GA
0
Votes |
3
Posts

College student starting real estate

Gilberto Fuentes
  • Contractor
  • Atlanta, GA
Posted

Hello, I’m a college student about to graduate this year 2020, but I’m not happy because I’m 27 with no properties. I have a 401K about 25K in there from my last job. Can I use that 25K to get started or will the government penalties me for using my 401K for real estate? I wanted to use the 25K to put down on a house, then refinance it and rent it out. I would love cash flow every month. Being a college student is very tough with money as you may know, so I would like to invest my money smartly and get cash flow. Thank you guys.

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