401k to IRA for investment property

[Gaston Barua]

Hello BP!

I am highly excited because after going to my first REI meet up I learned about a new creative way to fund a down payment for my first investment property thanks to a fellow investor who does this for a living. He helps fellow investors leverage their 401k and transfer a portion of the funds into an IRA for investment purposes. I am currently looking into details about doing this through my company.

My questions are:  

has any one used this method to fund a deal? Whats the process like? What should I be cautious of? What was the biggest obstacle?

Thanks in advance. Happy investing!