All my money tied up in investment accounts

[Alex Ballesteros]

I have close to 95% of the income that i have saved over the years from working my W2 job tied up in my investment accounts. ROTH IRA, Simple IRA (thru employer), and in my personal brokerage account.

Obviously since the stock market has been terrible this year, all of my investment accounts are down by a drastic percentage of what they were back 2020-2021, and i am looking to purchase my first deal in the next coming year (out of state investment property, so i will  need to put 20-25% down payment)

I know it is probably a bad idea to pull out from those accounts while the market is down, but i am eager to start my real estate investing venture and i don't have much cash lying around.

I am aware that there are also penalties if you pull out early from retirement accounts.

Let me know your thoughts & how you would approach my situation.

[Sergey A. Petrov]

Leave your retirement accounts alone, they are there for retirement. For your first property stay close to home, buy a primary residence with a 5% downpayment (or 3.5% FHA), live there, get a roommate, convert it to a rental later and buy another. Once you have some property ownership and investing experience under your belt, start looking at out of state or whatever else your heart desires.