401k rollover to purchase rental property

[Jeff Wallace]

I would like to hear feedback from anyone who has successfully used a Rollover as Business Startup (ROBS) or a Business Owners Retirement Savings Account (BORSA) to use assets in a 401k to fund investment real estate purchases. Has it been a positive experience or overly cumbersome? I am aware of the potential to roll assets in to a self directed IRA, however that option doesn't appeal to me since I wouldn't be able to use the rent income until 59.5 (my goal is to resign from my current job and would like the income to replace my salary). Thanks, jeff

[Jeff Wallace]

@Mike Moles 

I haven't investigated the "solo 401k". I definitely will.

@Michael O'Byrne  

after more reading and looking at the difficulty of getting the proceeds out of my C-corp (paying ss, medicare, etc on salary or paying double tax on dividends) i might just take the penalty and tax hit up front and keep the rentals in an LLC ... in the long run i think i can make up the initial loss with smart buys and good rental income.