401k rollover to buy real estate

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  • #200425
    csenig
    Member

    I am retired & have a 401k. I have heard u can rollover money in 401k to but real estate.
    Anyone have any info on this type transaction?

    #200426
    grb1063
    Member

    From what I have read on the subject, you can roll over a 401k into a self-directed IRA and invest in real estate, but you cannot reside or use the real estate for your benefit or the benefit of family members. All transacations must be executed by the IRA Custodian, like PENSCO Trust that specializes in this type of investment.

    #200427
    bogino
    Participant

    https://www.welovecostarica.com/members/cfmbb/messages.cfm?threadid=B97932A8-24E8-5ED2-F19BEA6509AB5CA7

    Click on the link above. Complete post of this very subject with lots of good input.

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