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Updated over 8 years ago on . Most recent reply

User Stats

50
Posts
11
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Devang Patel
  • South Plainfield, NJ
11
Votes |
50
Posts

401k

Devang Patel
  • South Plainfield, NJ
Posted

Hi all.  Just want to say I love this site and also all of those blog members that have helped me along the way.  Within 15 months i have accumulated my first 9 units and each one has had its share of challenging yet ultimately prosperous adventures.

I have a question on 401k-- What is the point of having one if company does not match when you can have cash flowing properties while also increasing your equity? I am almost thinking of selling out of my roth IRA and 401k completely in order to purchase 2 or 3 more properties in cash to get to my goal quicker. I am still 30 years away from retirement. With the way the markets have changed in the past 15 years, I feel real estate to me is more of a tangible asset that is easier to understand. I feel like I have way more control with real estate than my 401k/roth iras which feel more like black holes. Any advice would be greatly appreciated.

Most Popular Reply

User Stats

13
Posts
4
Votes
Joe G.
  • Saint Louis, MO
4
Votes |
13
Posts
Joe G.
  • Saint Louis, MO
Replied

Quick questions since this string appears active still.  This is exactly what I intend on doing to finance my first investment property this year.  I'm not well-versed on how it all works and don't feel like this is the creative financing strategy to learn with.  

How do I find an accountant who understands this type of maneuver?  What questions should I ask to be sure he/she knows exactly how this works?

I'm still trying to assemble my team while nailing down financing.

Thanks!!

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