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Registered
Join Date: Jan 2002
Location: Long Beach CA, the sewer by the sea.
Posts: 38,268
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Buying real estate with 401K ??
Seems to me there are a few theories (maybe facts) floating around about tax write offs, deferments and no early withdrawal penalties for 'certain' purchases.
I've even heard that in CA if 3 or more partners buy income property with no partner owning over 49%, that the property tax won't be reassessed. If true, a long time owned property with low taxes due to Prop 13 would stay at the current assessment. That one's a stretch to me.
Back to the first question: rentals? 2nd homes? multi family? Period before conversion allowed. What can you tell me? I can't find much on the Net.
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