Better way then cashing out 401k?

[Daniel C.]

At first read, I’m sure the amount of reasons not to cash out my 401k will be many, but I want to give context and see what you guys think. I have about 250k in a past employers 401k. My options with it are to cash out, roll over to an ira, or some combination of the two. I’m new to REI, but I’ve done my research over the last 6 months, listened to all the pod casts, built some elements of my team, have financing lined up, and have three cash flowing properties that I am interested in at the moment. I’m 40, and my “why” is financial freedom in the next 5-8 years. I do not want to wait until I’m retired to benefit from cash flow, which is why I’m hesitant to go the route of self directed IRAs, 401ks and such. I understand that cashing out will cost me almost half of my money after taxes and penalties, but all my calculations say that even after 10 years, the remaining money as 20% down payments will earn way more for me than keeping the money where it is. I’m ready to take action, but I need a little confirmation that I’m not missing something, and this is why I’m coming to the experts! What do you guys say? Thank you!