Losing job, 401k rollover options

[ Follow Ups ] [ Post Followup ] [ CREOnline News Group ]

Posted by Bruce Reeves on February 07, 2010 at 12:37:57:

Need some devil's advocate on this idea. Losing my job in June of this year. I am thinking of rolling over my 401k into a self-directed and buying a rental house for cash. If I can net 8-9% return after all expenses, what is the down side? I am a current landlord with two properties and have been for 15 yrs, so I know the what I am getting into rental wise.

Returns grow tax deferred and I have possible apprecation on top of the actual return %.

Please advise of the downsides other than the obvious of landlording, loss of property value, etc.

Thanks,

Bruce Reeves

Follow Ups:


Post a Followup

Name    : 
E-Mail  : 
Subject : 

Comments:

[ Follow Ups ] [ Post Followup ] [ CREOnline News Group ]

CRE Online, Inc. © 2007, All Rights Reserved.
creonline.com