Many will allow for a direct rollover where the funds are rolled directly to the new plan.

Also does not report to credit or affect debt to income.Risky option - do a IRA or 401k rollover to your checking account.

Unfortunately, your accountant is right about this one.In a 1031 exchange, the goal is to roll over all the proceeds into the new property to defer the capital gains tax.

Find a lender willing to be in 2nd position or find family or friends willing to invest in your project---if they have IRAs, they can roll over into a self-directed and invest in your project. 

I’m about to roll over a 401(k) to a SDIRA and I’m wanting to use funds to renovate a rental property that I already own that is in dire need of repair before I can rent it again.

Or...you could talk to an attorney and start your own C Corp (for investing in real estate) and then roll over your 401k via a ROBS (roll over for business something).  

@Frank Patalano Need to rollover $ out of my 401k and first wanted to do so via a comoany and that took a long time to learn and i.d. possible cos.

Probably why 90%+ of our investors roll over investments via our 1031 exchanges each time. 

So most likely a 1031 would not benefit you at all.Thanks for the reply Dave.It's too bad that if you profit $3M on an investment, you can't "rollover" $1M into another investment (1031) and then cash-out the other $2M and pay taxes (capital gains), for example. 

But at that price point , that will be fairly minor.Once you hold the hard money loans for the seasoning period the portfolio lender requires, just roll over into that.