Cashing out 401k for Rentals?

[Layne T.]

Curious as to thoughts on cashing out / paying penalty on a traditional 401k for a rental property. 

Specifically NOT talking about self-directed IRA's and the complexities that come with those. For sake of argument, let's keep it simple, cashing out a traditional 401k, paying penalties/taxes and using balance to invest in rentals.

Anyone done it/feedback? Regrets, no regrets, etc?

Thanks

[Brett Synicky]

Quote from @Layne T.:

Curious as to thoughts on cashing out / paying penalty on a traditional 401k for a rental property. 

Specifically NOT talking about self-directed IRA's and the complexities that come with those. For sake of argument, let's keep it simple, cashing out a traditional 401k, paying penalties/taxes and using balance to invest in rentals.

Anyone done it/feedback? Regrets, no regrets, etc?

Thanks

 Curious (not trying to talk you into or out of) what makes you think setting up a SDIRA is so complex?  Yes, I'm biased since it's what we do but I also have insight on the inner workings and different scenarios that come along with the different clients.  Again, just genuinely curious on your thoughts.