EP079: How a New Investor Used His 401k to Buy His First Property [Case Study]

This episode of Investing in Real Estate is brought to you by Drobo. Visit Drobo.com to learn more about smart, simple storage solutions for protecting your data. Many potential investors hesitate to make their first purchase because of a perceived lack of financial options. However, there are always options, and one that is often overlooked is taking a loan from a 401k. Today’s guest has done just that, and is on his way to achieving financial freedom! On this episode of Investing in Real Estate, I’m sitting down with new investor, Kevin Brooks. Kevin is here to share how he finally took the plunge into real estate, and how he financed his properties by borrowing from his 401k. We’ll discuss how to pay back a 401k, the terms of the loan, and the lessons Kevin has learned along the way. “Investing in Real Estate has a laser focus on buy and hold rental properties in order to create passive income. Clayton shares tried and true methods for acquiring rental real estate, building net worth, and accelerating your financial freedom. This podcast utilizes expert interviews, case studies with normal everyday investors, and Clayton's own methods for achieving passive income. Learn how to acquire turnkey rentals, discounted properties, passive income and true legacy wealth!” - Clayton Morris