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Updated over 9 years ago on . Most recent reply

Craig Garrow's profile image
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Craig Garrow
  • Real Estate Broker
  • from Malone, New York
  • Member since Oct 29, 2013
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Craig Garrow's profile image
Craig Garrow's profile image
Craig Garrow
  • Real Estate Broker
  • from Malone, New York
  • Member since Oct 29, 2013
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Craig Garrow
  • Real Estate Broker
  • Malone, NY
70
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345
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General Real Estate Investing

Using IRA money to buy a triplex?

Craig Garrow
  • Real Estate Broker
  • Malone, NY
Posted
I've got about $10K sitting in an IRA account that my employer and I both contribute to. Is there any way to pull some money out without too much penalty to use as a down payment on a triplex I'm looking at?
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Philip Klinck's profile image
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Philip Klinck
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  • from Greenville, SC
  • Member since Mar 26, 2011
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Philip Klinck's profile image
Philip Klinck's profile image
Philip Klinck
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  • from Greenville, SC
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  • Posts 83
  • Votes 41
  • Experience 10 Yrs
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Philip Klinck
  • Specialist
  • Greenville, SC
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Philip Klinck
  • Specialist
  • Greenville, SC
Replied

Second to the above comment. You can buy and grow tax free and only pay tax on the distributions you take later on.

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