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Updated over 1 year ago,

User Stats

6
Posts
4
Votes
Kathy Leach
  • New to Real Estate
  • Roanoke, VA
4
Votes |
6
Posts

Using 401k vs. HELOC vs. Home Equity loan for STR Down Payment

Kathy Leach
  • New to Real Estate
  • Roanoke, VA
Posted

Hello. I am new to real estate investing planning to buy my first STR in 2023, I am saving for cash down payment but wondering if taking a loan from my 401k would be a way for me to make this purchase sooner if the right property came along? Or would using home equity loan or HELOC from my primary residence be the better way to come up with the additional cash needed? Thanks for any feedback. Trying to overcome fear as a newbie to investing and remove roadblocks to jump into this, I anticipate getting past the first purchase is the hardest part.

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