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Updated over 7 years ago,

Yvette Velasquez's profile image
Yvette Velasquez's profile image
Yvette Velasquez
  • from Portland, Oregon
  • Member since Oct 3, 2017
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Yvette Velasquez's profile image
Yvette Velasquez's profile image
Yvette Velasquez
  • from Portland, Oregon
  • Member since Oct 3, 2017
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Yvette Velasquez
  • Portland, OR
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Innovative Strategies

401K/IRA to qualify for mortgage for investment property??

Yvette Velasquez
  • Portland, OR
Posted

Hello! I'm new to this forum and new to real estate investing. I am recently self employed with not much income to show, I own my home and have a HELOC I want to use as down payment for an investment property. I have significant amount in my IRA, but am not of retirement age. Am I able to take elective distributions in order to qualify for a mortgage?
thank you for any advice! 

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