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Updated about 2 months ago, 10/11/2024
Using an IRA for downpayment funds?
This may not be a "creative RE Financing" topic - so please forgive me!
I'm just starting out to build my portfolio -- (I have a SFH that is LT rental and have done that kind of thing for years...but moving on into more multi family, and more RE properties each year).
Can I take money out of my traditional IRA account to use for a downpayment?
What are the implications of doing so?
Thank you for offering your advice on this.
Tanya