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Message
re: Taking contributions out of Roth IRA to buy land (updated 5/28/24 - not Roth)
Posted on 2/1/24 at 4:27 pm to Billy Blanks
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.
1
Posted on 2/1/24 at 4:45 pm to kywildcatfanone
Just got off the phone with the mortgage company. They said I could refi to between 5-6% and just increase my monthly payment. I suppose that is an option as well to consider. Of course doing that, I'm just rolling the land cost into a loan instead of buying outright with other funds.
Ugh, I hate this stuff.
Ugh, I hate this stuff.
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