Cashing out IRA to buy rental properties.

[Steve Englehart]

I currently have two long term rentals and am looking into buying into the short term rental arena. I know there are penalties and tax implications but wanted some advice on cashing out Roth IRA or IRA to buy investment properties?

[Chris Seveney]

Quote from @Steve Englehart:

I currently have two long term rentals and am looking into buying into the short term rental arena. I know there are penalties and tax implications but wanted some advice on cashing out Roth IRA or IRA to buy investment properties?

Why? Why not use your IRA to just buy the property? You will never get the $ back in the fees etc. you are gonna pay with penalties, your returns need to be absurd. My recommendation is get a self directed IRA and have the real estate be owned by your IRA