Rollover 401k

[Alexandra D.]

Hi everyone! My husband is in the midst of switching jobs. We are looking to rollover his 401K into an account we can use to invest in real estate. We requested an appointment with our accountant to discuss things further but I am trying to get an idea of what kinds of questions I need to ask and which type of accounts to do some research on beforehand. We were planning to borrow against the account for the down payment on rentals. Would the cash flow from the rentals come directly to the LLC or is something that would have to get payed directly to the retirement account? I would also like to know more about the tax implications it can have or if there are regulations as to who can borrow against this money. Any help will be much appreciated!! Thanks in advance!

[Alexandra D.]

@Emily S. The LLC is in my name but the 401K is through my husband's soon to be ex-employer. We had heard from other investors about borrowing from someone else's retirement to help fund the deals so we wanted to look into that option.

@Brian Eastman thank you for the information! We weren't sure how the loan program worked as we were told we can use SDIRA's but I had read that there are restrictions against this.  I will be looking more into the thread before our appointment this week as well as what your company has to offer.