House Hacking
Market News & Data
General Info
Real Estate Strategies
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hemlane-a9392011949df124ea8ee63be2fb270c9423d6cd446ec67af23c96616e618606.png)
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
![Sherrie Tullsen-Chin's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1269089/1682099729-avatar-sherriechin.jpg?twic=v1/output=image/crop=2109x2109@476x13/cover=128x128&v=2)
Using Roth IRA to purchase duplex
Hi everyone!
I have a goal to purchase a duplex or triplex in Cape Coral Florida in 18-24 months to house hack. At my current savings rate I won't have enough liquid funds for the 5% down payment for a conventional loan (this is a new loan product...the down payment used to be 15% for a duplex and 25% for 3 or 4 units) plus the closing costs and required reserves. I am thinking about whether to use some funds from my Roth IRA to help with the down payment and closing costs. I will be considered a first time homebuyer, and my understanding is I'm allowed withdraw from my IRA for a property purchase given I'm considered a first time buyer and as long as I pull out original contributions and not earnings.
What I'm not sure about is whether the property can be a 2-4 unit multifamily property or if this only applies to SFRs. Does anyone here know? Thanks!