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Updated almost 3 years ago,

User Stats

17
Posts
4
Votes
Michael Healy
  • Investor
  • Waterford, MI
4
Votes |
17
Posts

Funding with IRA? I’m 39.

Michael Healy
  • Investor
  • Waterford, MI
Posted

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?

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