Withdrawl Roth IRA and paying off rental

[James Meyer]

I currently have about $30k in my Roth IRA. If I understand this correctly, I think I could pull out only the contributions and not be taxed and penalty free. So, would it make sense to pull out the contribution portion and payoff the remaining balance of my rental home which has payoff around 28K that means I could rent out my current property for $500 to $1000 / month positive cash flow? Or should I withdrawal the entire amount and possibly get more after the penalty and taxes. Seems like my return on that would be better than the "loss" of leaving it in until I'm 59.5. I'm just haven't been contributing to the account in some time now and feel that the money would be used better to pay off my rental.

[Charles Carillo]

@James Meyer

Make sure you speak to a CPA before you do anything but just as a thought, if your current mortgage is at 5%-6% and if your Roth IRA is invested into good mutual funds, you are probably getting twice that in return. You could also transfer your Roth or part of it to a self-directed Roth and passively invest into a another property. It would not help pay off this mortgage, but it would get your Roth invested into real estate.