How can we extract money from a 401K for RE investing? Can we use the money in our own LLC?

[Mike Gennaro]

My friend and I own a leasing company. He has a 401k that he would like to extract some money from for use in our company. We are new to the legalities of this. Do we need him to roll over into an IRA first? Self directed IRA's are heavily covered in other forum posts which we will access. Even if we get the money out, can we use it in our own company?

Thanks,

Mike Gennaro

Honest Leasing LLC.

@Ron Garic