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Need money to build rental cabin
Bought a few building lots at the lake.
Now want to start developing one of them.
Have enough money to get started, but not enough to finish.
Probably need about another 100k.
I can think of 3 ways but am curious what you guys think.
1. Construction perm loan. Not sure how this works for investment property?
2. Refi my primary house. Really don't want to extend my payoff because timed to pay off when I retire. Plus don't want to link primary residence with rentals.
3. Borrow against my 401k. Any downside?
Any and all advice welcome!!
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“The wave is not the water. The water merely told us about the wave moving by” – Buckminster Fuller
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