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Updated over 4 years ago,
Would you borrow from your roth for this investment?
Off market deal
Purchase price 110k
20% down
1150 in rent
Market value as is 135k
$400 cash flow
19% cash on cash return
Now I don't have a huge savings in my Roth IRA, but I have enough to fund the rest of the down payment i need. Around 10k. Originally the seller was going to SF, but has since changed their mind. So my only option would be to finance through the bank. What am I going to pay in taxes for early withdrawal?
Thanks in advance!