Buying with an old 401K
Hey all- I have a 401K with my old company that is sitting at around $45K. I currently have another job with a new 401K so the old one is sitting idle and I have heard that I can use it to invest in real estate.
My brother and I already hold a few rentals and my primary residence is a duplex so I'm familiar with landlording and finding good deals. I know that there are podcasts dealing with this to roll into a self directed IRA that allows for the purchase of real estate but I was looking for some advice as I wanted to purchase an investment property in 2016 with this money.
Anyone have experience with this?