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How to Buy Real Estate With Your 401K | Investing for Beginners

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I want to withdraw $43,000 to buy a rental property, scheduling a meeting with Slavic401k September, your videos are insightful
Comment from : @iamdamnalex

You have to sell the shares to get the cash right?
Comment from : @TonyCook7

Can you use 401k to build adu or additions with paying taxes?
Comment from : @ralphramirez1979

what would the payment be when borrowing 50,000 over a 2 year period on my 401k?
Comment from : @patriciahaeg3127

I want to buy a $ 80 000 house
Comment from : @elfonzo18

1st youre paying post tax for the payments 2nd you have usually 5 years to pay off 3rd youre not leveraged meaning you cant take a loan and use your 401k as down payment Seriously bad advise Cant believe a channel about wealth building is peddling this Is he this dumb?
Comment from : @davidchang1223

Can I do it with my 457 plan b?
Comment from : @markpierre5967

Is there a way to keep the principal in your 401k after you turn 60 and get interest payments instead? Or maybe even a loan leveraging outside of the 401k? How does that work?
Comment from : @TheLote25

I bought my parents a house down the street this way I don't charge rent but they pay the property taxes and insurance Home improvements and maintenance are tax deductible as it is a "rental" They get a cheap retirement house and when they pass I get a paid for house to help with my retirement funds It's a win win situation
Comment from : @christopherhuber2944

Is this a better option than taking out a heloc?
Comment from : @pusherreviews7028

Lexus looses money just as fast dude At least be honest about that
Comment from : @harrisonmixer9583

Thank you very informative and simply explained
Comment from : @aja_6093

I have 40 of my portfolio in TSLA, 30 in AAPL, 20 in AMZN and 10 in NASDAQ From March I've been able to make $370,000 from an investment of $180,000 While I'm a huge fan of stock picking, I have made a few rather modest investments in individual companiesI use a financial advisor/broker who handles my portfolioI'll never stop buying TSLA stocks
Comment from : @stanleyfujiwara1394

Do you help with buying commercial properties?
Comment from : @222marc

Trading as a beginner was very difficult due to lack on trading experience, this resulted in losing my funds though I've been able to recover all that I lost, all thanks to Mr Charles_forex09 on Instagram , i never knew good trader still existed till I come in touch with him__
Comment from : @dorcasbill5966

Great videosVery interestingI was considering taking a loan from my 401 k to investthis was very helpfulthank you
Comment from : @richardbottslotsandmore5696

I feel like you should have mentioned that if they leave their jobs they have a 90 day time limit to payback the full amount Definitely a large piece of information to was very important that I feel you overlooked
Comment from : @BrianVelez

if you use the loan from your 401k to put down a down payment on a rental property does that mean that the 401k technically owns the property or do you the person own it
Comment from : @Kalib21596

The downside is that you’ve reduced the principal that compounding interest is applied to So you make smaller gains long term because you’ve reduced your principle by as much as $50K Also, your payments back to yourself count towards your max annual contribution so your 401K balance will surely be less than what it would have been had you not taken out the loanof course you also get a rental out of it Important to present all facts
Comment from : @shubeggrewal749

Hi,brQuick question, would I be able to keep the rent of the property?brOr will the rent need to go back to the 401k to repay the loan?
Comment from : @jorgemora-castillo720

HHAHAHAHA If you lose your job and can't pay back the loan, it becomes taxable and now you are double fucked
Comment from : @lHurtYourFeeIings

Do you have the IRC provision available that allows interest from elective deferrals in your 401k as a deduction for the rental property You mention it's a mortgage, but it's not because the loan is nonrecourse and is not secured by the real estate
Comment from : @TDuck09

Unfortunately my 401k provider does not let me loan my own money But this is a good idea Perhaps is better to invest in real estate
Comment from : @ivanowskimendoza483

Another Question about taking out Loan from 401K, That should not report as income to the IRS correct? thanks
Comment from : @noy6184

what do you think about if i take out 401k loan for $20, 000 and put toward down payment on duplex and rent them out, and take the net profit to pay off the 401k loan as fast as posible, my goal is to take the advantage of the high market value in real estate is going up , i know that it is not the best idea to take out loan but rather than borrow from bank with super high interest rate appreciated
Comment from : @noy6184

I didn't know there were houses(habitable) that are as low as $40,000
Comment from : @exgamer07

So, I found a great house and want to use $20k from my 401k for a down payment , in a very strong market (south Florida) for MY house , not an investment, is this good or foolish?
Comment from : @Shino2600

SWEET”Rinse & Repeat”!
Comment from : @lorenzomorganjr6585

Buying the house is easy What about repairs?
Comment from : @IMADIVA1127

This is great info but would this help your credit too?
Comment from : @RealEstateWithRay

OOOOMMGGGG Thank you!!! I was trying to ask you this on another video you did, but did not asked you correctly!!! You referred me to your book And you answer it here!!!🥳🥳🥳 Thank you!!! I will be calling my 401k folks soon!! Thanks!!!!!
Comment from : @julieramos7738

Can I just take it out to buy a home cash?
Comment from : @rubigloria9457

Men i like Your video i wanted my first house with my 401k I just Wanted said thank you for the info your given me
Comment from : @MrManuel9999

The most i can borrow is 25,000 So, i can't buy a decent house with that So, I'd have to take out a 2nd loan Is that, idk, cost effective? For lack of a better way to word it
Comment from : @erics9487

Clayton I just left my job for another Will I be able to use my 401k for a downpayment on duplex Or how does that work and what are my options Thanks
Comment from : @WORMR87

What do you think about cashing out your 401k to buy an estate investment after 59 1/5 years old?
Comment from : @lucianegpen1599

What about borrowing from your 401k to do repairs on a new acquisition? I've recently done that for a new hvac unit, new carpet and some drywall work so i could keep my cash for more down payments!
Comment from : @nolimitsinvesting

I did the same I bought 111k property and borrowed 15k as down payment from my 401k and since I already own a rental and get an income of $650 a month and my monthly payment on the house is $1,015 I only have to pay about $365 out my check plus $500 a month for the loan Ohh by the way the mortgage is for 15 yrs but plan to pay it in 7 or less I have spent 5k on fixing up the house and lot of cleaning up outside the property is worth now about 140k and market prices on this area keep going up
Comment from : @FiWelditNow

I want to use this method to purchase my first investment However, I am still confused on how I can purchase another property soon after, with that outstanding 401k loan to myself
Comment from : @susiq1121

great video! thanks so much
Comment from : @MrDodgers310

Clayton, does your company offer financing
Comment from : @algernonbrown1266

Clayton, you have the absolute best YouTube videos, on real estate investing out here hands down!!!
Comment from : @algernonbrown1266

What about the risk of leaving your job? At that point the loan becomes due within 60 days or you get a 10 penalty and are taxed on the rest as income
Comment from : @Sarlax

I learned something from you today, the interest write off when borrowing for a 401k And the kicker here is my tax preparer never asked or told me about this! And borrowing for a 401k is the easiest way to get your money! I really never thought about using it for real estate, but in 2017 I will!
Comment from : @NewBeRVer

Hi Clayton, I have a question for youbrBy borrowing money from a 401(k) to buy a property, you are actually creating a mortgage-NOTE in your 401(k), with the rental property as collatera; but you are not buying the actual property, is that correct?brI am asking because I am not sure I understand how you otherwise would be able to take RMDs later in life if you own the actual property itself
Comment from : @mjlindvall

Clayton, I am 29 years old and I don't have much in my 401 K What is the best way for me to get enough money to invest it This blows my mind though because I would do it if I could
Comment from : @andres7h1

Hey Clayton How much would you recommend borrowing from a 401k for one of your houses? I don't want to pay more per month than what I get from a cash-flowing property Thanks
Comment from : @michaelaillon610