Can you use 401k to purchase land

When you borrow from your 401 (k), you are essentially taking assets out of a vehicle that is easily diversified and plowing them into an asset that is not …

Non-recourse financing: Only use non-recourse financing for the purchase of the land. The IRS prohibits the use of personal funds for the purchase or maintenance of the property. When you retire you are allowed to take the entire property out of your retirement account as “in-kind distribution”. At that point it becomes your personal property and you can now start using …

Borrowing From My 401(k) to Buy Land | Finance – Zacks

Official Site: https://finance.zacks.com/borrowing-401k-buy-land-1235.html

For investors who want real estate as an investment choice for their retirement savings, a self-directed 401(k) allows them to buy land, commercial property and residential property and have any income generated grow tax-free.

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How to Buy Land With Your 401k Video Answer

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