One of my favorite strategies for purchasing cash flowing real estate is taking a loan from my 401k plan. But today, I want to talk about something different: totally withdrawing from your 401k in order to purchase a rental property.
In this video, you’ll learn about the big problem with 401ks. You’ll also learn how to best weigh your options if you’re thinking about cashing out your retirement account. I’ll share the advice I received from my tax accountant, and discuss the fees associated with withdrawing from your 401k.
This video is for you if you are assessing all your options in order to become a real estate investor. You’ll learn about the differing guidelines for 401k policies, as well as how to change the Wall Street mindset around 401ks.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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