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Updated over 7 years ago, 03/04/2017
Need Mentor for 10% of profits
Hi All,
So here is where I sit. Been here on BP for over a year now educating myself in reading, podcasts, webinars, and meeting and chatting with a lot of you. Just lost my IT job of 20 years last month and have about $100K in my 401K that I am getting ready to roll over into a solo 401K. This is after pulling some out to pay off all my debt in case it takes me a while to find another job (if I even want to at my age). :-)
I live in Cali so I want to start investing out of state looking at the NW Indiana area where I grew up. So maybe at first I am wanting to either take loan from my 401K and find a property or 2 to flip so I can use any profit as income to live off of for a bit if I still can't find a job and then just pay back the whole loan and then look more into some kind of buy and holds that will rent good and possible lead into a good BRRRR strategy.
Anyway, I need to get my investing career off the ground and am looking for someone to work with me through the first 1 or 2 deals and make sure I am doing all the right things and am willing to pay them 10 percent of the profits after everything is said and done. Anybody out there willing to help someone get their business off the ground for a little extra cash? Or point me in the right direction of finding someone?
Thanks.......JD