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Updated over 9 years ago on . Most recent reply

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Mike White
  • Property Investor
  • Oklahoma City, OK
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Self-Directed IRA

Mike White
  • Property Investor
  • Oklahoma City, OK
Posted

Hello,

I'm new to buying investment properties. My wife and I currently own our home and have two bids recently accepted for properties we plan to use as rentals. My question though is about Self-Directed IRA. Can we roll our current 401K's into one and then use it for purchasing rental properties?

Please excuse my ignorance on this topic, just trying to understand a bit more about how they work?

Thanks,

Most Popular Reply

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Chris Soignier#5 Coronavirus Conversation Contributor
  • Real Estate Broker
  • North Richland Hills, TX
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Chris Soignier#5 Coronavirus Conversation Contributor
  • Real Estate Broker
  • North Richland Hills, TX
Replied

When you leave your employer, also consider a Solo 401k if you qualify. It has some great benefits over self-directed IRA's.

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