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Updated over 9 years ago, 08/13/2015

User Stats

13
Posts
0
Votes
Jason Jennings
  • Martinez, CA
0
Votes |
13
Posts

New Member from Northern California

Jason Jennings
  • Martinez, CA
Posted

Hi everyone,

My name is Jason,

I joined BP a while back now, and really haven't had a lot of time to delve into the BP world until just recently. Big change coming for me soon though...I'll be retiring from a fortune 500 company after 31 years, yet still on the younger side. So, no plans to start lounging and channel surfing just yet.

I'm really excited about the opportunity to start investing some of my retirement portfolio in real estate using a Solo 401k which will be tied to my wife's business as a real estate agent. We're educating ourselves on deals such as lending, notes, flipping and buy-and-hold, and have conferred with some of the self-directed investing resources referenced on BP.

We have two residential investment properties so far, and are looking to increase our inventory further. My wife, Mary, and I have always had a passion and an affinity towards anything real estate related, and we're so happy to be part of the BP family!

We'd be so pleased to receive any help and guidance as we navigate forward and would be very interested in information on any meetups in our neck of the woods.

Whew...I'm so relieved I finally decided to come out of hiding!

Cheers!

User Stats

112
Posts
20
Votes
Ben Andrews
Pro Member
  • New to Real Estate
  • Escondido, CA (San Diego)
20
Votes |
112
Posts
Ben Andrews
Pro Member
  • New to Real Estate
  • Escondido, CA (San Diego)
Replied

@Jason Jennings Coming out of hiding was a smart move, now just make sure you stay out of hiding! I'm new to the site and engaging on the forums as well as private messaging others on the site has allowed me to connect with some great people, so I recommend it.

Best of luck in your future investments.

-Ben

  • Ben Andrews
  • User Stats

    13,324
    Posts
    3,944
    Votes
    Brandon Turner
    Pro Member
    #3 Questions About BiggerPockets & Official Site Announcements Contributor
    • Investor
    • Maui, HI
    3,944
    Votes |
    13,324
    Posts
    Brandon Turner
    Pro Member
    #3 Questions About BiggerPockets & Official Site Announcements Contributor
    • Investor
    • Maui, HI
    Replied

    Hey @Jason Jennings thanks for introducing yourself! It's great to have you here! Don't miss The BiggerPockets Podcast - they are great for learning how others are finding success.

    Oh - and be sure to set up some Keyword Alerts- especially for "Lafayette" so you'll be notified when people mention it here in the forums.

    Thanks again for introducing yourself!

  • Brandon Turner
  • Podcast Guest on Show #92
  • NREIG  logo
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    User Stats

    4,856
    Posts
    3,021
    Votes
    Mike D'Arrigo
    Pro Member
    • Turn key provider
    • San Jose, CA
    3,021
    Votes |
    4,856
    Posts
    Mike D'Arrigo
    Pro Member
    • Turn key provider
    • San Jose, CA
    Replied

    @Jason Jennings Welcome to BP. I'm in the Bay Area also.

  • Mike D'Arrigo
  • User Stats

    13
    Posts
    0
    Votes
    Jason Jennings
    • Martinez, CA
    0
    Votes |
    13
    Posts
    Jason Jennings
    • Martinez, CA
    Replied

    Thanks for the welcome @Brandon Turner. I've been working my way through the BP Podcast and have found them very helpful. So much valuable information and resources to glean...I'm drinking from the fire hose!

    User Stats

    2,133
    Posts
    620
    Votes
    Marco Santarelli
    Pro Member
    • Specialist
    • Orange County, CA
    620
    Votes |
    2,133
    Posts
    Marco Santarelli
    Pro Member
    • Specialist
    • Orange County, CA
    Replied

    Hi @Jason Jennings,

    Welcome to BiggerPockets!

    Wow, sounds like a big change retiring from a fortune 500 company after 31 years.  I think real estate is more fun than channel surfing anyway.

    Be sure to set up some Keyword Alerts so you'll be notified when people mention that which interests you here in the forums.

    10 Rules of Successful Real Estate Investing and download The Ultimate Guide to Passive Real Estate Investing.

    Continued success! 

  • Marco Santarelli
  • User Stats

    13
    Posts
    0
    Votes
    Jason Jennings
    • Martinez, CA
    0
    Votes |
    13
    Posts
    Jason Jennings
    • Martinez, CA
    Replied

    Thanks all, for the warm welcome!

    Looking forward to connecting and networking!!

    User Stats

    12,855
    Posts
    1,379
    Votes
    Mark Nolan
    Pro Member
    • Professional
    • Carlsbad, CA
    1,379
    Votes |
    12,855
    Posts
    Mark Nolan
    Pro Member
    • Professional
    • Carlsbad, CA
    Replied

    @Jason Jennings

    The following IRS link explains the solo 401k prohibited transaction rules. 

    http://www.irs.gov/Retirement-Plans/Retirement-Pla...

  • Mark Nolan
  • User Stats

    13
    Posts
    0
    Votes
    Jason Jennings
    • Martinez, CA
    0
    Votes |
    13
    Posts
    Jason Jennings
    • Martinez, CA
    Replied

    Thanks Mark,

    I had a very informative phone conversation with George the other day. He was patient and fielded all my questions. The time he spent with me was much appreciated!

    User Stats

    112
    Posts
    20
    Votes
    Ben Andrews
    Pro Member
    • New to Real Estate
    • Escondido, CA (San Diego)
    20
    Votes |
    112
    Posts
    Ben Andrews
    Pro Member
    • New to Real Estate
    • Escondido, CA (San Diego)
    Replied
    Originally posted by @Mark Nolan:

    @Jason Jennings

    The following IRS link explains the solo 401k prohibited transaction rules. 

    http://www.irs.gov/Retirement-Plans/Retirement-Pla...

     That's great information Mark, thanks for posting that!

    -Ben

  • Ben Andrews
  • User Stats

    17,823
    Posts
    6,194
    Votes
    Dmitriy Fomichenko
    Tax & Financial Services
    Pro Member
    #1 New Member Introductions Contributor
    • Solo 401k Expert
    • Anaheim Hills, CA
    6,194
    Votes |
    17,823
    Posts
    Dmitriy Fomichenko
    Tax & Financial Services
    Pro Member
    #1 New Member Introductions Contributor
    • Solo 401k Expert
    • Anaheim Hills, CA
    Replied

    Welcome @Jason Jennings

    It's good to have you here!

    • Dmitriy Fomichenko
    • (949) 228-9393

    User Stats

    144
    Posts
    28
    Votes
    Kevin Trumbull
    • System Administrator / Investor
    • Eugene, OR
    28
    Votes |
    144
    Posts
    Kevin Trumbull
    • System Administrator / Investor
    • Eugene, OR
    Replied

    Welcome aboard @Jason Jennings, you'll find BP to be a great resource to expand your portfolio and network with great people.

    User Stats

    5
    Posts
    0
    Votes
    Eugene Rho
    • Jacksonville, FL
    0
    Votes |
    5
    Posts
    Eugene Rho
    • Jacksonville, FL
    Replied

    Hi and Welcome.

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