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Updated over 9 years ago, 08/13/2015
New Member from Northern California
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!
@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
- Investor
- Maui, HI
- 3,944
- Votes |
- 13,324
- Posts
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!
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!
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!
Thanks all, for the warm welcome!
Looking forward to connecting and networking!!
The following IRS link explains the solo 401k prohibited transaction rules.
http://www.irs.gov/Retirement-Plans/Retirement-Pla...
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!
Originally posted by @Mark Nolan:
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
- Solo 401k Expert
- Anaheim Hills, CA
- 6,194
- Votes |
- 17,823
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Welcome aboard @Jason Jennings, you'll find BP to be a great resource to expand your portfolio and network with great people.