One of the most common challenges aspiring investors think about is how to get money for a down payment. There are many creative ways to explore this topic, however, for today we’ll be discussing how to use your 401K to gain access to the cash you’ll need for a down payment. This is a strategy I’ve used numerous times, and is a great way to control the use of the money you’ve put into your 401K.
So – what do you need to focus on learning in this space? Here goes:
- Can you use your existing 401K to purchase real estate?
- How to take out a 401K loan
- How does the payback work?
- What happens if I leave my job with the loan outstanding?
There are many great videos on this topic – to begin exploring, check these out: