Take $$ out of solo 401k

[Robyn Gersh]

Is there a way to take out my money completely from my solo 401(k) and invest it in a two family house.

[Dmitriy Fomichenko]

@Robyn Gersh,

You could pull funds from your 401k but not without consequences. Early distribution would be subject to penalties plus you have to pay ordinary income tax - not a wise financial move!

If you wish to purchase an investment inside of your 401k - you won't be able to use conventional lenders or your local bank. Per IRS rules the loan must be non-recourse and most lenders will not do such loan. Over the years I've compiled a list of lenders who will lender to IRA/401k, here it is:

https://www.biggerpockets.com/member-blogs/2810/50272-list-of-non-recourse-lenders-for-self-directged-ira-and-401k

Hope this helps!