Cash out 401k/Traditional IRA for RE

[Mark Mata]

I've been listening and reading about Tom Wheelwright's suggestion on cashing out on 401k/IRA and taking the penalties and investing it in real estate since new tax laws would be in favor of investors.

With new tax laws (2017) and the many deductions (bonus depreciation and doing a Cost Segregation), would passive investors benefit by cashing out their previous employer's 401k or traditional IRA to invest in real estate? I was debating if investing as an LP will have its advantages with the all the current tax changes.