If you can claim real estate professional status, you can offset the losses from the real estate against the income from the retirement distribution.You may still be subject to the 10% penalty.The good thing about a condo is that you pay potentially be eligible to depreciate more of the property compared to other types of residential properties.Best of luck!

Buying down the rate with points is a personal choice, but if you're holding the property long-term, it can definitely be worth it for more stable cash flow.

Redirected retirement contribution to either self directed plan or to non retirement account2.

@Tanya Maslach,When you take a distribution from an IRA, you are subject to ordinary income tax, plus penalties, if you do it before reaching retirement age. 

I can send some turnkey properties your way to have a look if you'd like.Best of luck,Melissa Johnsen, Investment StrategistRent to Retirement

You can influence your investment's performance through property improvements, rent adjustments, and savvy management... something you can't quite do with an annuity tied to obscure indexes.An Individual Retirement Account (IRA), particularly a Self-Directed IRA, can be used to invest in real estate and employ leverage to potentially enhance returns.

Investors can move quickly on development and take advantage of the city's ongoing growth.Long-Term GrowthFlorence’s expanding economy and housing demand ensure long-term appreciation, making it a stable choice for both immediate gains and future value.If you're looking to invest in land or new construction, Florence, Alabama, presents a unique opportunity with affordable entry points and strong growth prospects.

Please save enough money so you don't have to touch your retirement accounts for the down payment. 

I'm 50 years old and would like to retire in the next decade.

Why don’t I purchase a house under my LLC then overtime sell it to my personal retirement IRA at a discounted rate.