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Updated 1 day ago on . Most recent reply
Question about investment using w-2 related 401k Money in multi family unit
Hi All.
I am thinking of removing my w-2 related 401k amount of about 183k by paying a penalty, taxes and investing in a multi family deal.I may get around 140k after penalties, taxes to invest in a multi family deal. What is the best area and unit mix I can invest in? I prefer my local Atlanta area to avoid a lot of travel and manage property manager, maintenance expenses better. Also I like to buy a deal myself to avoid any challenges and complications in future with a group which I never did in the past. Any pros and cons of this approach. Any better approaches? Any good connections I can connect in this regard like CPAs, realtors, property managers etc. Is a self directed IRA better approach as I am planning to switch my job in next month or so. Who can help me set up a self directed IRA with a reasonable amount of fee? Please advise.
Most Popular Reply

- Property Manager
- Royal Oak, MI
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@Gp G. why would you give up ($183k - $140k = $43k/$183k) almost 24% of your 401k funds to invest in real estate?
Where are you going to invest the $140k to recover that loss?
How long will it take you to recover that loss?
- Drew Sygit
- [email protected]
- 248-209-6824
