807: Q&A: Can I Use My 401k Funds to Invest in Real Estate?
Investing in Real Estate with Clayton Morris | Investing for Beginners
Clayton Morris
4.1 • 1.1K Ratings
🗓️ 10 January 2022
⏱️ 20 minutes
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| 0:00.0 | Welcome to the investing in real estate show. I'm Clayton Morris so glad to have you here |
| 0:09.6 | on this show we aim to help you become a more intelligent real estate investor to learn all that you |
| 0:14.4 | need to know about buying your first rental property or expanding your portfolio. |
| 0:19.2 | So something for beginners, a lot of stuff for advanced listeners as well whether it's taxes whether it's |
| 0:25.2 | Whether it's setting up a trust all of those things we try to cover it here on the show and today is our Q&A episode and where we take your questions you can leave us a |
| 0:33.7 | voicemail question by going to our website which is Morris Invest.com yes we are a |
| 0:38.6 | full-service rental real estate company so there's tons of great resources on the |
| 0:42.0 | website as well. |
| 0:42.7 | We have blog posts and videos and everything you can dive deep into to learn more |
| 0:47.2 | about real estate investing. But you'll notice a little microphone icon on the |
| 0:50.4 | right side of the screen. That's where you can leave us a voicemail question. |
| 0:53.5 | Try to keep it to 30 seconds or less, |
| 0:55.3 | and we will answer your questions here on the show. |
| 0:58.2 | So our first question today comes to us from Jonathan |
| 1:01.4 | about 401k's. Take it away Jonathan. Hey Clay and |
| 1:05.9 | Jonathan here. I was wondering if it's possible to take money from a 401k |
| 1:10.1 | and use that to invest in real estate and if so will that be a smart idea thank you |
| 1:15.6 | thank you jonathan so wants to know about investing in real estate with a 401k |
| 1:20.7 | so yes number one the answer is yes absolutely You can use a 401k to invest in real estate. |
| 1:25.8 | So let me just, and I'll unpack that in just a second. |
| 1:28.1 | For those of you that are new to that strategy, we'll get there in a second. |
| 1:31.4 | Your second part of your question is, should I do it? Now, I'm in a second. Your second part of your question is should I do it? Now I'm not a financial advisor. Financial advisors in my opinion are driven by money because they are controlled by the companies they work for and they make money off of managing |
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