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re: Borrowing money from 401k...how does this work usually?
Posted on 2/25/16 at 1:22 pm to Hawkeye95
Posted on 2/25/16 at 1:22 pm to Hawkeye95
Have a buddy who put his house on the market in a fringe Nashville neighborhood, much further than where I'm buying.
On market for 385k...within 12 hours they had bids up it to 420ish and sold that night.
He paid 310k a little over 2 years ago. All he did was paint the thing inside and outside.
Nashville adds 81 employed people per day apparently right now and those numbers are trending up. Growing so fast it's crazy.
On market for 385k...within 12 hours they had bids up it to 420ish and sold that night.
He paid 310k a little over 2 years ago. All he did was paint the thing inside and outside.
Nashville adds 81 employed people per day apparently right now and those numbers are trending up. Growing so fast it's crazy.
This post was edited on 2/25/16 at 1:26 pm
2
Posted on 2/25/16 at 1:31 pm to TheCaterpillar
quote:
Have a buddy who put his house on the market in a fringe Nashville neighborhood, much further than where I'm buying.
On market for 385k...within 12 hours they had bids up it to 420ish and sold that night.
holy shite that is expensive for nashville. How are most millennials going to get into houses when they are that expensive? I guess borrow from their 401k.
Posted on 2/25/16 at 1:48 pm to TheCaterpillar
quote:
On market for 385k...within 12 hours they had bids up it to 420ish and sold that night.
He paid 310k a little over 2 years ago. All he did was paint the thing inside and outside.
I had a similar situation in Dallas. I bought a 1,765 sft for $365k and sold it for $460k two and half years later. I didn't change a thing. The real estate market is crazy right now.
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