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Updated almost 5 years ago on . Most recent reply

Trish Dunn's profile image
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Trish Dunn
  • Member since Feb 24, 2020
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Trish Dunn's profile image
Trish Dunn's profile image
Trish Dunn
  • Member since Feb 24, 2020
Connect
Trish Dunn
4
Votes |
9
Posts
Tax, SDIRAs & Cost Segregation

Raising capital for 1st BRRRR property

Trish Dunn
Posted

My husband and I have been saving cash to put into our first investment property which we are going to BRRRR - we'll have $20,000 in cash ready to go but I'm concerned it wont be enough to buy and renovate in our market. I have a roth 401K that I can pull $15,000 out of untaxed, is it a risky move to pull that? Knowing that we're going to BRRRR the property, I know I will get it back, but we want to be pretty aggressive when it comes to our investments so I'm not sure how long it will take for me to be able to pay myself back. Thoughts?

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