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Updated about 6 years ago on . Most recent reply

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83
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51
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Mark Burlison
51
Votes |
83
Posts

Down payment on my 4 flat

Mark Burlison
Posted

After discussing a SDIRA with my accountant I have decided to make my down payment out of my 401k with conventional financing. I’m 60 years old so there’s no penalty and eat the tax’s upfront. SDIRA is just to restrictive. I need a income stream for retirement with a upside in 10-15 years of having at least half the money repayed when I sell. I still think it will be well worth eating the tax’s! I NOT going the stock market route! But I will cautiously look at some annuities after acquiring several properties For income. 

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