@Anja BreyUnder normal circumstances, you could not rollover funds from your 457 plan.  

Seeking a referral to a financial advisor to help roll over a ~$325k 401(k) into a self-directed IRA with checkbook control, with the aim of acquiring rental property.

My question is should I withdraw my 401K and pay off the loan 30,000 and then roll over the balance to my IRA account now or wait till January 2021 to do that?

I understand you want to roll over profits and leverage, but no one is getting rich overnight in real estate.

@Brandon Lee TurnerIf you are self-employed (i.e. active self-employment earned income separate from your w-2 income) with no full-time w-2 employees, you can set up a Solo 401k and then rollover your 401k funds from your former employer 401k.You could then take a loan of up to 50% of the balance not to exceed $50,000.

@Audrey Cranmer1) You can't take a loan from your former employer plan2)If you are self-employed (i.e. active self-employment earned income separate from your w-2 income) with no full-time w-2 employees, you can set up a Solo 401k and then rollover your 401k funds from your former employer 401k.You could then take a loan of up to 50% of the balance not to exceed $50,000.

You may avoid the taxes if you deposit the funds in an eligible retirement plan (which includes anIRA) within "3 years and a day" of the date of the COVID-19 distribution (note: compare to a 60-day rollover).

Having trouble pulling the trigger on who to roll over my 401(k) to, for a self-directed IRA, so that I can purchase another property. Since the big box investment companies and banks don’t do self-directed IRA when it comes to purchasing my own properties, I’m trying to make sure I don’t make a mistake.

You may avoid the taxes if you deposit the funds in an eligible retirement plan (which includes anIRA) within "3 years and a day" of the date of the COVID-19 distribution (note: compare to a 60-day rollover).

Hey all,Has anyone every started a real estate business with a full or partial rollover of their 401k?