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    porsche356's Avatar
    porsche356 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 9, 2009, 04:06 PM
    Convert 401k to a rental property
    Hi I was just wondering if I could invest my 401k in the purchase of a second home. This would be an investment in a rental home that I currently own with know mortgage. I would like to take a lump sum from my 401k and sell a percentage of the home to my 401k. Is this possible and if so how would I go about the transfers. Any advice and or help with this question would be greatly appreciated.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Sep 9, 2009, 04:47 PM

    Its not possible since the investment vehicles offered by a 401(k) are controlled by the administrators. However, you may be able to rollover part of your 401(k) into an IRA that will then invest in the real estate.
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