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Jeff Wallace
  • Rental Property Investor
  • The Woodlands, TX
288
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345
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401k rollover to purchase rental property

Jeff Wallace
  • Rental Property Investor
  • The Woodlands, TX
Posted Jul 22 2014, 09:48

I would like to hear feedback from anyone who has successfully used a Rollover as Business Startup (ROBS) or a Business Owners Retirement Savings Account (BORSA) to use assets in a 401k to fund investment real estate purchases. Has it been a positive experience or overly cumbersome? I am aware of the potential to roll assets in to a self directed IRA, however that option doesn't appeal to me since I wouldn't be able to use the rent income until 59.5 (my goal is to resign from my current job and would like the income to replace my salary). Thanks, jeff

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