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Updated over 4 years ago,

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1,173
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Brian Ellis
  • Rental Property Investor
  • South shore, MA
1,644
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1,173
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Would you borrow from your roth for this investment?

Brian Ellis
  • Rental Property Investor
  • South shore, MA
Posted

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!

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