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Updated over 5 years ago on . Most recent reply
How can I use my 401K to invest?
Hi,
I'm just starting to learn about realstate investing. I'm interested in investing in rental properties. I'm wondering if I can take out my 401K to pay for a rental property and avoid the penalties.
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
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Dmitriy Fomichenko
#1 New Member Introductions Contributor
Tax & Financial Services
Pro Member
#1 New Member Introductions Contributor
- Solo 401k Expert
- Anaheim Hills, CA
It is very common to use self-directed IRA to buy investment real estate, I've done it, many of our clients did so as well.
Buying a franchise using retirement funds would be something very different, because unlike real estate (which is passive) franchise is an active business. Be sure to use professional guidance to stay out of trouble.
- Dmitriy Fomichenko
- (949) 228-9393
Sense Financial Services LLC
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