Updated almost 8 years ago on . Most recent reply
Can a 401K statement be used as proof of funds?
When buying from the bank, some banks ask for proof of funds. I'm wondering if a statement from a 401K showing enough funds would suffice. Anyone ever try it?
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I did just that and then amended that the funds were from a hard money lender. Regardless of being self directed of not the bank did not have any concerns about my penalties for touching 401k money. Self directing your money is the correct way to do it.