Funding with IRA? I’m 39.

[Michael Healy]

I have recently signed a purchase agreement for a single family rental property. I own three others currently Al with decent equity. Should rent for $2000 a month. 

Right now it appears my best option for the 25% down on this $178,000 deal is to early withdraw my rollover IRA. It's a very significant penalty. 10% plus income tax.

Still before I close I’d like to find a better option. Anybody have any ideas?

[Denver McClure]

Hey @Michael Healy! Do you happen to have an Individual or Joint Taxable account? If so, you may be able to utilize a Margin line of credit and borrow against your account value without paying a penalty or tax. For example (depends on the brokerage), if your Taxable account value is $80,000, you may be able to borrow 50% of the value (without selling any stocks, bonds, etc) at a variable interest rate. This is the strategy I recommend for my investment advisory clients and have done myself.