Looking for an income stream
My 401(k) loan got approved so next week we’ll have enough money in the bank to pay cash for a house. A “paid for” rental will be a nice little income stream and hopefully will help boost my poor credit rating. The plan is to pay cash for 1 house and then in July (if [...]
Borrowing from my 401(k)
My wife and I are buying a rental house. Instead of a mortgage, we’re borrowing the money from my 401(k) plan at work. Normally borrowing against a retirement plan is a bad idea, but in our case it makes sense. We don’t have enough money to pay cash for the house so we have to [...]