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Updated almost 6 years ago,

User Stats

814
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466
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Josue Vargas
  • Real Estate Agent
  • San Antonio, TX
466
Votes |
814
Posts

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

Josue Vargas
  • Real Estate Agent
  • San Antonio, TX
Posted

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?  

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