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The Investor’s Guide to a Single-Family Rental Emergency Fund
As real estate investors, your emergency funds are a critical line of defense against unexpected costs. It prevents you from dipping into your budget to handle them. But what should you really use an emergency fund […]
Don’t Overlook This When Buying an Investment Property—Learn From My Mistake
Let’s get one thing straight: Real estate investing isn’t a get-rich-quick scheme. If you think you can just waltz in and start raking in cash without a solid game plan, you’re setting yourself up for a financial face-plant.
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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationIRA Downpayment
Erik Johnson's profile image
Erik Johnson's profile image
Erik Johnson
  • Rental Property Investor
  • from Ripon, WI - US
  • Member since Aug 27, 2015
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Erik Johnson's profile image
Erik Johnson's profile image
Erik Johnson
  • Rental Property Investor
  • from Ripon, WI - US
  • Member since Aug 27, 2015
Connect
Erik Johnson
  • Rental Property Investor
  • Ripon, WI - US
16
Votes |
70
Posts
Tax, SDIRAs & Cost Segregation

IRA Downpayment

Erik Johnson
  • Rental Property Investor
  • Ripon, WI - US
Posted Nov 1 2016, 11:58

I am leaving my current job and will be starting a new job soon. I want to use $10k of my 401k savings as a down payment on a 2-4 unit building that I plan on living in for a year.

Can I use any IRA company to do this? Do I need to have a CPA help me with this or can I just do it myself? Also if I use this money to make the down payment am I required to stay in the place for at least one year?

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