2006-12-13 02:31:13 · 3 answers · asked by Scott O 1 in Business & Finance ➔ Renting & Real Estate
There are so-called "self-directed" IRA's that this can be done with.
There are an amazing amount of restrictions and caveats in doing this, and the mortgage loans you can get under this are totally different from a normal mortgage you as a person can get.
Unless your rollover would get you a 30-40% down payment, don't bother. That's what you'll need to put down on a transaction like this.
Do a search for self directed IRA. You'll find dozens of specialist sites that handle this kind of stuff. Read a bunch of them first, then call a couple that you liked best. You'll find out pretty quickly whether this can work for you or not.
2006-12-13 06:56:06 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It is my understanding that a 401K must be rolled over into either a new 401K or an IRA to avoid tax consequences
2006-12-13 10:36:02 · answer #2 · answered by mazziatplay 5 · 1⤊ 0⤋
Not without paying taxes.
It perhaps might be possible to find a 401K that has a realestate component.
2006-12-13 10:58:12 · answer #3 · answered by Wundt 7 · 0⤊ 0⤋