Smart move? Would you withdraw from 401K to invest in RE?

[Josue Vargas]

Thinking on withdraw most of my 401K account (no longer employed with that company) and invest in RE property.  I have over 100K, also have lost over 10K in the past 13 months.  Just want to have more control of my money and invest in something I'm sure will get at least 6% invest return on the long haul, if not more.  What are my options?  Get tax penalty and move on?  I have heard about Self IRAs but not sure how that will work on my situation.  I I'm paying my primary residence and this is merely an investment "switch" from my 401K.  The properties that I'm looking, after all the expenses, give me cash flow of $50/month, maybe less not counting on taxes for the rent income... Any help?  

[Jason D.]

@Josue Vargas I withdrew my 401k to invest in RE. After taxes and fees i ended up with about $40k. With that money bought a BRRRR last year, refinanced and took that money back out an I'm currently using it on me second BRRRR that should me completed in about a month. When all is said and done, I'll have $300k in real estate, $500/mo in cashflow, and about $80k in equity. And in April, I'll have my $40k back in my bank account.