All Forum Posts by: Andre M.

@Dakota Mivshek

Im a fellow newbie, I just found this thread and was wondering, have you scored a deal yet? 

I'm coming. I am looking to make my first steps in real estate. 

At this point we'll be able to do 3.5 down within a year. I can probably borrow that amount from my 401k. Plus we'll be able to save a few more thousand for closing costs by next March. So conceivably we can plan on making a purchase by March (?)

Portland OR is an expensive market, although not as expensive as some. Also it's super hot right now. I've been looking for information on how to get started working in a market like that. 

Thanks for all the relies so far. I have no match on 401k. For the last 3 yrs the 401k performance has been quite mediocre. 

Hello everyone! My name is Andre. Recently I started a new career, got married, had a child, and got another one on the way. We are also single income. In the midst of all of this as I'm learning more about the way the world works, I'm realizing that the my 401k is probably not gonna cut it. So, I'd like to learn about real estate investing. 

To start things off, here is my first question.

It is my understanding that at this point I should focus on saving for our first investment/rental property and quit and gut the 401k. But we also feel the need to live in at least some sort of house, nothing big or fancy. So, should we be renting smallish basic houses around here and put our first chunk of cash (that possibly we might be able to put together in the next year or so) into an investment property? Or should we put it into our own primary residence (which is also gonna be pretty basic)? Or should we do a live-in flip deal to start things off first?