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All Forum Posts by: Benedict Reyes

Benedict Reyes has started 1 posts and replied 3 times.

Post: Accessing 401K after Maxing Out on Loan

Benedict ReyesPosted
  • Rental Property Investor
  • Fort Worth, TX
  • Posts 3
  • Votes 0
@George Blower Thank you so much, George! I will do the research!

Post: Accessing 401K after Maxing Out on Loan

Benedict ReyesPosted
  • Rental Property Investor
  • Fort Worth, TX
  • Posts 3
  • Votes 0

Thanks, Thomas! I was afraid that is the case. There’s just a good amount we could use for d/p for more properties to build our portfolio. Nevertheless, we’ll keep looking for a great deal that would outweigh the penalties and we’ll be comfortable pursuing that route. Appreciate your input! 

Post: Accessing 401K after Maxing Out on Loan

Benedict ReyesPosted
  • Rental Property Investor
  • Fort Worth, TX
  • Posts 3
  • Votes 0
We took our 50K maximum loan allowance from my wife’s 401K for d/p of two properties we bought last year. We’re hoping to access some more of the money for d/p of future deals. Any input on this is very much appreciated. Thank you!