use 401K for down payments on rental properties? - Posted by Christine Manzo

Real Estate Investing
1

Posted by Sadi on November 02, 2004 at 14:41:59:

Christine, no offense, but try doing a google search (and search this search engine before you ask questions. Here is an answer from bankrate, but do some research first instead of just asking questions: Christine, no offense, but try doing a search before you ask questions. Here is an answer from bankrate: Bankrate: Guiding you through life's financial journey

Here is an answer re the tax liabilities from the IRS website:
http://www.irs.gov/faqs/faq-kw9.html

And it only took about 10 seconds for me to find that info!

2

use 401K for down payments on rental properties? - Posted by Christine Manzo

Posted by Christine Manzo on November 02, 2004 at 13:56:04:

Does anyone know if I can use my 401 K money for down payments on rental properties or to invest in a self owned business?

3

Re: use 401K for down payments… - Posted by Julia

Posted by Julia on November 08, 2004 at 15:49:09:

Do a Google search on “Self-directed IRA”. There are a number of companies that adminstrate these kinds of plans.

4

for down payments on rental properties? - Posted by E.Eka

Posted by E.Eka on November 03, 2004 at 17:10:49:

Yes, you can borrow against your 401(k). However, make sure you have a plan to pay back your 401(k) in the near future.

5

Re: 401K for down payments on rental properties? - Posted by sadi

Posted by sadi on November 02, 2004 at 14:47:03:

Aslo, see this one:

http://moneycentral.msn.com/content/Investing/Realestate/P63968.asp