Cut back on 401K contributions to free up investment capital?

[Mark Nugent]

I'm just about to close on my first rental property -- a duplex. Currently, my wife and I contribute the yearly maximum to our employer 401K plans to decrease our taxable income. However, now we are considering reducing our 401K contributions to the employer match, thereby freeing up extra capital for future investments.

We already have capital to buy more rental properties, but saving up the extra capital to invest still seems to be the better approach.

I'd be interested in hearing what others think about this subject. Is it financially better to pay the extra tax and have that extra capital to invest in the near term?