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Updated almost 6 years ago,
Self directed 401K or IRA
I have heard that it's possible to set up a self directed 401K or IRA that you can use to invest in your own real estate tax free. I am wondering if anyone has done this? It seems too good to be true. Each week I set aside $175 for real estate. Can I really pull that money (plus the additional tax that I would no longer be losing) and put it into one of these self directed accounts and then use all that money on my real estate deal? I am from Akron Ohio if that makes an differentce. Thanks for the help!