New Member from Utah

[Erin Featherstone]

Hi - I do not own ANY real estate yet, but hopefully will soon.  I am interested in purchasing student condos around university area around Provo, UT.

Since I don't have any cash saved yet, I am thinking the best entry point is investing 401k money in real estate...

I am trying to decide whether to invest the $140,000 401k money into a self-directed IRA and get a non-recourse loan...or just pull it all out, pay 10% fee and taxes, and be free to get conventional financing...

Big decisions!

[Bryce Young]

Hi Erin. I live here in Provo. I don't know much about student housing, but I do know that there is money to be made there if you know what you're doing. As a student, I have spent many busy days looking for a place to rent (for a married couple). There sure is a lot of demand in the fall and winter semesters.

With 140k you could get quite a few properties if you finance it right. I would read Brandon Turners book on investing with no money down to see how you can best leverage your money.

Also, I just started BiggerPocket's tax book and I think it would help you decide how to pull out your cash in the most tax-savvy way. https://get.biggerpockets.com/taxbook/

Here is a blog post about student housing: https://www.biggerpockets.com/renewsblog/2015/07/2...

Here is a podcast with Bill Syrios who specializes in student housing (Oregon could be different than here, but it is still useful): https://www.biggerpockets.com/renewsblog/2015/09/1...

Good luck! Glad to see a new member from Utah on BP.