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re: Taking contributions out of Roth IRA to buy land (updated 5/28/24 - not Roth)
Posted on 2/1/24 at 4:19 pm to kywildcatfanone
Posted on 2/1/24 at 4:19 pm to kywildcatfanone
I did it and regret it. Had to get the money just to survive at the time though.
If you decide to do it, make sure you have your numbers set up. It takes an insane amount to do a custom build. Financing isn't the same.
I'd sell, get into a rental, before ever taking $ out of retirement.
If you decide to do it, make sure you have your numbers set up. It takes an insane amount to do a custom build. Financing isn't the same.
I'd sell, get into a rental, before ever taking $ out of retirement.
1
Posted on 2/1/24 at 4:27 pm to Billy Blanks
quote:
I'd sell, get into a rental, before ever taking $ out of retirement.
Did that once, never again.
quote:
If you decide to do it, make sure you have your numbers set up.
I feel pretty confident that if I figure out how to buy the land separately then I will be able to build what I want, then sell my home and come out $0 on the end.
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