Use of Roth for 2plex?

[Brad Sicoli]

Here’s what I got:

$50k in Roth contributions. $65k total in Roth. I’d like to buy a duplex for $100k. Unit 1 was recently leased for $500 per mo and I’m sure I can get at least $550. Unit 1 appears to be in good condition. Unit 2 needs conservatively $30k in improvements. Unit 2 is basically 2 empty but heated rooms. I would need to put in a bathroom, kitchen and walls for at least a bathroom. Not interested in doing it myself.

Could I use $20k from my Roth for the down payment and up to $30k of my Roth contributions for the improvements? I think this is a home run, what are y’alls thoughts.

It’s a C neighborhood and I own a 3plex nearby that rents for $815 per month for 2 bed 1 bath. Not super close to big employers but it’s by a major road and a half mile from a big high school. Blue color, stable area.

I just think it’s a good time to use my Roth to get out of stocks and into real estate. Low interest rates and an over heated stock market.