BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated almost 5 years ago,
Using my 401K to buy my first rental
So my wife and I are beginning REI in Alabama. My wife has a 401K worth 39K from her old job. After studying for the last 6 months, we would like to use the BRRRR strategy to start in real estate. We would like to buy properties worth 35K or less, with a 100K ARV and repeat the process. At this point we would like to partner with a more experienced investor so that we can learn the process.
Should we move my wife's 401K to a Self-Directed Roth IRA? Also, what other advise would you guys recommend.