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Charles Wilson
  • Hearne, TX
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Taking property out of Sol 401k

Charles Wilson
  • Hearne, TX
Posted Apr 22 2016, 10:38

I have purchased property with funds from my Sol 401k. I own 4 properties out right in my Sol-k. Is there a way to take the property out of the Sol 401k. I understand that there will be taxes that have to be paid. But there should not be any penalties because I am over sixty. For example I paid cash for a condo, would like to take out of Sol-k and own as personal to take tax advantages. Is this something that would be possible? Are is there a better way to increase ROI. Also thought about taking out a non-recourse loan and using that loan money to purchase partial mortage notes with that money. Trying to think outside the box anyone with any ideas?

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