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All Forum Posts by: Tim Thorpe

Tim Thorpe has started 3 posts and replied 13 times.

Starting Out

Post: Borrowing against 401k for down payments

Tim ThorpePosted
  • Rental Property Investor
  • Gualala, CA
  • Posts 13
  • Votes 8
@Adam Gollatz thanks for your opinion and info. I have to agree with you to an extent on not touching retirement accounts. Ive known a few idiots who have done it to purchase boats, trucks, vacations etc. So for that purpose, you’re just shooting yourself in the foot. I have borrowed against it once before to buy stocks in a personal brokerage account and that turned into a mini gold mine. Thanks again for your response and wisdom...
0 Votes
Starting Out

Post: Borrowing against 401k for down payments

Tim ThorpePosted
  • Rental Property Investor
  • Gualala, CA
  • Posts 13
  • Votes 8
I’m seriously considering borrowing less than 10% of my 401k for the down payments on 3 investment rental properties. I’ll be paying myself back at 4%. Thoughts/ experiences?
0 Votes
Personal Finance

Post: Avoiding out of pocket money use

Tim ThorpePosted
  • Rental Property Investor
  • Gualala, CA
  • Posts 13
  • Votes 8
I’d like to hear people’s thoughts on obtaining a second loan to avoid using out of pocket money for a down payment on a long term investment property... I’m very new to real estate investing, so any advice is appreciated.
0 Votes