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Updated over 8 years ago on . Most recent reply

Erik Johnson's profile image
Erik Johnson's profile image
Erik Johnson
  • Rental Property Investor
  • from Ripon, WI - US
  • Member since Aug 27, 2015
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User Stats

70
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16
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Erik Johnson's profile image
Erik Johnson's profile image
Erik Johnson
  • Rental Property Investor
  • from Ripon, WI - US
  • Member since Aug 27, 2015
Connect
Erik Johnson
  • Rental Property Investor
  • Ripon, WI - US
16
Votes |
70
Posts
Tax, SDIRAs & Cost Segregation

IRA Downpayment

Erik Johnson
  • Rental Property Investor
  • Ripon, WI - US
Posted

I am leaving my current job and will be starting a new job soon. I want to use $10k of my 401k savings as a down payment on a 2-4 unit building that I plan on living in for a year.

Can I use any IRA company to do this? Do I need to have a CPA help me with this or can I just do it myself? Also if I use this money to make the down payment am I required to stay in the place for at least one year?

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