Tapping Ira for down on first rental?

[James Roux]

Hello everyone,

I've haven't been super active on these forums as far as posting. But I'm curious how bad of an idea tapping into my Ira would be for getting started with my first property? I've spent the last two years clearing all non essential debt no car payment no student loans just rent food phone utilities. I Just turned 28 and I'm getting tired of waiting im really tired of paying someone else to live. I have about 11k in the Ira and about 4k in cash. I was planning on going the fha way and house hacking. Im assuming for the price of the property closing costs Etc I'll need around 7k for a property around 130k. I've been doing some reading and I feel like I just need to start or I'll never get started. I could wait till next year and just have the cash necessary but I don't want to sign another rental lease in October could someone here give me some constructive criticism anything good or bad would be greatly appreciated.