Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Personal Finance
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

22
Posts
3
Votes
Dymond Shafer
  • Flipper/Rehabber
  • Higginsville, MO
3
Votes |
22
Posts

Hard money vs. Old 401k?

Dymond Shafer
  • Flipper/Rehabber
  • Higginsville, MO
Posted

Hello BP enthusiasts...My first two flips were successful, but like most, raising capital is a challenge.  For our next two flips (both under contract)-- advisable to use Hard Money or my old (separated from employer) 401k?  Hard money is expensive, yet I get penalized 20% for an early withdrawal from my 401k.  

Lastly, deposit capital directly into personal account AND THEN into my LLC account? Or okay to deposit directly into my LLC account? I'm slightly aware of the dangers of commingling retirement funds/personal funds.

Loading replies...