Cash in Indexed Annuity IRA for first Investment Property?

[Dustin Crawford]

Yay! My first post!

I'm wanting to buy my first rental property in the next six months. I can go and get a mortgage on a rent home, or I can cash out my IRA from a previous job. I am now a public school teacher in Texas. The IRA is worth over $100,000. Is it a smart idea to cash that out so I can pay cash for my first investment home? Or should I leave that alone and go with financing? The homes that we are looking at are in the East Texas area, and all are under 100K. The wife and I are looking at this as both a long term investment, and a beginning to secure more rent houses/flips to achieve pure financial freedom. Thanks in advance!