Updated almost 10 years ago on .
Most recent reply
presented by
Rollover 401k
Hi everyone! My husband is in the midst of switching jobs. We are looking to rollover his 401K into an account we can use to invest in real estate. We requested an appointment with our accountant to discuss things further but I am trying to get an idea of what kinds of questions I need to ask and which type of accounts to do some research on beforehand. We were planning to borrow against the account for the down payment on rentals. Would the cash flow from the rentals come directly to the LLC or is something that would have to get payed directly to the retirement account? I would also like to know more about the tax implications it can have or if there are regulations as to who can borrow against this money. Any help will be much appreciated!! Thanks in advance!