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All Forum Posts by: N.A N.A

N.A N.A has started 1 posts and replied 2 times.

The funds are currently in 401K's, which I plan to roll into self-directed IRA's. I don't plan to sell houses on it or try to make any money. Just buy it as a long term investment.

Are there any downsides to this practice?

Hello. I am looking to buy land (not for primary residence) and I heard that you can use a 401K or IRA (or similar) to purchase real estate, or else loan yourself money from the 401K, or something to that effect. Is this a suitable method for investing in land (long term investment)?

If not, are there better ways to raise the cash for this type of thing, or is a land loan just the way to go? Please let me know. Thanks.