Buying with an old 401K

[Christian Beyer]

Hey all- I have a 401K with my old company that is sitting at around $45K. I currently have another job with a new 401K so the old one is sitting idle and I have heard that I can use it to invest in real estate. My brother and I already hold a few rentals and my primary residence is a duplex so I'm familiar with landlording and finding good deals. I know that there are podcasts dealing with this to roll into a self directed IRA that allows for the purchase of real estate but I was looking for some advice as I wanted to purchase an investment property in 2016 with this money. Anyone have experience with this?

[Rick Pozos]

There are specific rules on using your sdira, who you are forbidden to work with, etc. I would just get a little educated on the subject and go forward. It sounds like you are already doing some RE investing. You just have to learn the rules for the sdira investing.

Quest is one company that I have dealt with on several occasions. Tons of information, seminars, networking events, even a cruise!!! 

You can also lend other investors that money from your sdira. You can even get properties under contract, then sell the contract on a wholesale type of deal. Lots of things that you can do. I am sure that other people have more ideas.