Updated almost 7 years ago on . Most recent reply
Pulling cash from my retirement fund
Hi Everyone. I'm about to leave my W-2 job. I'd like to move some of my retirement savings into MF. I prefer MF over SF. The problem is, even though I have about $250K to invest, I will no longer have the W-2 income to qualify for financing. Should I partner with an experienced MF investor? Should I just pay cash for SF, and defer my MF aspirations? I would appreciate any incite. Thanks!
Most Popular Reply
@Greg Allen I would suggest taking the $250k and placing in some solid multifamily syndication projects in growing markets. I've invested in B-class, value add assets that are stabilized with cash flow the day of closing.
There are some additional steps to consider when trying to buy a property with your own SD-IRA. It can be done but much counsel would be needed to make sure you don't violate any of the IRA rules.