Benjamin Burkett

[Benjamin Burkett]

Hello, I live in a small town in southern Alabama (Greenville) and I have been looking for a while for a real estate investment opportunity, in which I was going to fund the flip by taking a loan out on my 401k, I finally found the perfect house, it's value is 78000.00 the sellers are asking 29000 with a little work it could sell for over a 100k which I can do all the work myself, I have flipped one other property in Houston and did all the work and made 40k. Well when I went to withdraw the money from my 401k I realized you can't unless the funds are for my primary residence. I sure don't want to miss out on this property, any advice would be great.