I have a relitive that own's several rentals. He's suggested for some time now to invest in rentals. I have a few years left before I retire and I'm digging into withdrawing some money from an IRA. I'm looking into th...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1046408/small_1621508039-avatar-jamesn107.jpg?twic=v1/output=image&v=2)
Hi BP Family,I am kicking around the idea of drawing $20-25k from my 401k to buy down one of my loans on a duplex and refinance. I purchased the property on an FHA two years ago. Although it is possible that my apprai...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/172456/small_1621421408-avatar-nuexawlins23.jpg?twic=v1/output=image&v=2)
Has anyone here withdrawn money from your 401k to invest in real estate. With the Cares Act it allows you to do so with just a 10% penalty till dec 30th.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1523279/small_1633948638-avatar-stevenh274.jpg?twic=v1/output=image&v=2)
I have this Idea of taking a 20% withdraw for a down payment out of my 401k to avoid PMI costs and down the road to grow my properties to gain financial independence. I understand all of the consequences like 20% fed ...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2670241/small_1694553585-avatar-timothyh215.jpg?twic=v1/output=image&v=2)
Hello,I have been using Rentec Direct the last few months and am getting used to is, just a general question for PMS if you have personal expenses on a credit card, do you categorize those under "Owner Withdrawals" or...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1599917/small_1621514049-avatar-joeyh41.jpg?twic=v1/output=image&v=2)
Has anyone taken or considered taken the Covid 19 Cares act $100,000 out of their 401k to purchases additional properties? What are you all's thoughts? My thoughts are that you could buy a property and depreciate it o...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/266739/small_1621437593-avatar-juliav.jpg?twic=v1/output=image&v=2)
Suppose you are 59 and 1/2 and can withdraw from your IRA without having to pay the 10% penalty and would only have to pay taxes on the amount you withdraw. You want to start buying investment properties but is unsure...
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2898945/small_1702950447-avatar-kurtb86.jpg?twic=v1/output=image&v=2)
62,retired,zero debt. Buying 1st house monthly income fromSS and small company pension is $2720,I have $1,520,000 in a rollover IRA. My question is should I just withdraw money from IRA and buy the house, or is there ...
401kHow can I go about finding the % penalty for taking money from 401k for real estate investment?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1362456/small_1621511640-avatar-jeffreyd90.jpg?twic=v1/output=image&v=2)
So I have started down the path of figuring out my roadmap to financial independence and trying to figure out how real estate fits into this equation. My net worth is pretty much split between a stock/bond portfolio a...