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Updated over 8 years ago,
What do I need to consider for this down payment?
Hi,
I'm looking into placing an offer on a ten-unit building and best way for me to acquire enough money for the down payment is to cash out my 401K, my Roth IRA, and both of my wife's, too. I realize there will be early withdrawal penalties.
I'm hoping I can withdrawal the money without upfront penalty and be able to pay the taxes next April. Does anyone have experience with this? I'd appreciate tips and advice.
Thanks in advance.