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Updated over 4 years ago,

User Stats

7
Posts
1
Votes
Brian Henderson
  • San Ramon, CA
1
Votes |
7
Posts

401k and Roth IRA to buy rentals

Brian Henderson
  • San Ramon, CA
Posted

Hey everyone, I'm trying to see if anyone could help me figure out if I'm able to use my 401k and Roth IRA to buy rental properties. I've tried to google these topics but didn't get much information. I'm 24 and have about 12k in my 401k and about 20k in my Roth IRA. I plan to grow a real estate portfolio in the future to the point where I can support myself comfortably throughout my entire life and leave my day job. With this being said, I don't see myself keeping a 401k because I don't plan on being employed by a company until retirement age. I also don't receive a match on my contributions so I'd like to put them to better use between now and age 60. Does anyone know if I can take out my 401k funds even though I'm still working for this company? I read some stuff online saying I'd have to leave the company to cash it out? Is this true? I'd also like to know if it's possible to use a portion (not all) of my Roth IRA to buy rental properties because I know it's possible to use a Roth IRA for a primary residence. Thank you in advance for any help!

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