I can absolutely help! There are a few tricks that can be helpful. I'll message you and we can chat about it!
@James Harris , welcome to BiggerPockets and congratulations on your first forum post!
There is no way for you to take money out of your 401k and not pay taxes. There is a way however to roll those funds into self-directed IRA, which will enable you to invest in alternative assets such as real estate. Keep in mind that it would not be "your" investment, an IRA would own the property, the income would belong to the IRA and you personally would not be allowed to benefit from the IRA or any investments it owns.
It depends on the terms of the plan and your relationship to the plan sponsor. Are you still employed by the 401k plan sponsor? How old are you? What's the source of funds within the 401k?
If the funds are accessible, you should consider rolling them over to a Checkbook Control IRA/401k that allows you to invest in real estate within the plan, rather than withdrawing and getting hit with taxes and penalties.
@Craig McLaughlin , you need to have a specific property with specific numbers in order to run the calculation. If you do then try this calculator:
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