turn key vs newbie best recommendation

[Rafael Trinidad]

hello to all my name is mike I am currently looking at buying my second property in the area of Detroit my option that I am considering is buying with money from my 401k a turnkey property that already has a tenant in place or to find the property my self and manage it. advice welcome

[Jay Hinrichs]

You may want to consider being the bank with your 401k you don't want to buy depreciable assets in a retirement account when you cant take the depreciation and especially in an area with limited appreciation potential.

Use after tax money so you can take the full benefits of the rental.

use 401k to buy great performing notes and make that interest income tax differed you will make far more money doing that than owning the asset in your 401k.