How to payoff 403b loan in order to roll into self dir IRA

[Leslie C.]

Hi there - newbie here. I have a 403B from a company where I used to work. I took out a loan to pay for monthly living expenses and I still owe about $8,500. I would like to roll this 403B into a self-directed IRA, but I can't do that until I pay off this loan. Right now I have almost no income and am living off another IRA while I get my real estate investing business started.

I am trying to figure out how to payoff that $8,500 so I can roll it into the self-directed IRA. I am considering taking the money out of my IRA to pay off that 403B loan so I could roll it into the self-directed IRA and use it for real estate investing.

What do you think? Do you have other ideas how to get that loan paid off? Thanks!