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All Forum Posts by: Adam Nelson

Adam Nelson has started 2 posts and replied 4 times.

Buying & Selling Real Estate

Post: Help and Education with Commercial Real Estate

Adam NelsonPosted
  • New to Real Estate
  • Howell, NJ
  • Posts 9
  • Votes 0

I'm writing this due to I think, well I hope, have a great investment opportunity. A person I work with is contemplating moving and wants to sell her commercial real estate property. She values the property at around $900,000 to $1 million. The lot has 14 units and she states she gets income of around $16,000 monthly. I was wondering what are some creative ways to buy the property?  I don't have 20% or anything close to it. 

All thoughts and comments are welcome!

0 Votes
Starting Out

Post: Using your 401k to buy a first home

Adam NelsonPosted
  • New to Real Estate
  • Howell, NJ
  • Posts 9
  • Votes 0

@Alex Deacon did your clients take a loan out of their 401k , roll it over into an IRA or withdraw it?

0 Votes
Starting Out

Post: Using your 401k to buy a first home

Adam NelsonPosted
  • New to Real Estate
  • Howell, NJ
  • Posts 9
  • Votes 0

You cant roll over the 401k into and sel-directed IRA if you still work at the same W2 job thought correct?

0 Votes
Starting Out

Post: Using your 401k to buy a first home

Adam NelsonPosted
  • New to Real Estate
  • Howell, NJ
  • Posts 9
  • Votes 0

Hey BP first post here. I've been looking to buy my first home/investment for some time now. I've been researching into using my 401k to invest in my first house. I would use the money as a down payment on FHA loan, in a 3 family house. I would live in one and rent the two others out. Anyone have any experience in doing this or know of anyone that has done it?

0 Votes