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Updated over 8 years ago,
New Member from Utah
Hi - I do not own ANY real estate yet, but hopefully will soon. I am interested in purchasing student condos around university area around Provo, UT.
Since I don't have any cash saved yet, I am thinking the best entry point is investing 401k money in real estate...
I am trying to decide whether to invest the $140,000 401k money into a self-directed IRA and get a non-recourse loan...or just pull it all out, pay 10% fee and taxes, and be free to get conventional financing...
Big decisions!