Pay off mortgage with funds from the Solo 401k for real estate investors

Pay off mortgage with funds from the Solo 401k for real estate investors. Making Good Money on Bad Mortgages in Your IRA or 401K

Pay off mortgage with funds from the Solo 401k for real estate investors video duration 1 Minute(s) 6 Second(s), published by Vanessa Pham on 05 06 2015 - 00:48:20.

http://www.sensefinancial.com It is possible to use funds from a Solo 401(k) for real estate investors to pay your mortgage, but you have to take out a loan as a Episode 125: You inherited your spouse's 401k,IRA etc
now what??? With my good friend Cory Mizell of valued retirements
Cory@valuedretirements.com.

In this episode, Brad and Dave dive deep into one of the most popular financial questions: Should you pay off Your Mortgage? They also discuss the difference Website www.jazzwealth.com Facebook https://www.facebook.com/JazzWealth/ Instagram https://www.instagram.com/jazzwealth/ Investment related questions In this segment I will talk about you IRA and 401K
Self directing your retirement accounts will bring you a much greater rate of return without taking on more risk.

http://www.sensefinancial.com

It is possible to use funds from a Solo 401(k) for real estate investors to pay your mortgage, but you have to take out a loan as a plan owner. Watch this self-directed Solo 401 Quick Tip video for more information.

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As the plan owner, you cannot use funds from your Solo401k to purchase a house for personal use. You cannot sell the property to your Solo401k, or use your Solo401k as collateral for a loan. What you can do is to take out a participant loan from your Solo401k plan and use it to pay off your mortgage. The loan must be paid back using amortized payments over period of 5 years, but you’ll be paying back interest to your own account, instead of the bank.