All Forum Posts by: Ben Stanley

Been hearing a lot of investors had their properties royally screwed up from Milton. My neighbors on the first floor where I live, got close to 4 feet of flooding.

How did the storm effect your local portfolio?

I don't "have to" use that money. My 401k is not the only funds I have, rather I want to utilize that money to invest while I am young. That kinda of money is better used as part of a downpayment or investing with rather than holding onto for years in hopes of using it later for retirement.

I'm looking at house hacking a duplex or the like for my first investment property and looking for some advise on timing. I signed a 1 year lease last month so kinda stuck in that until fall 2025 (unless I broke lease or paid massive amounts to cancel it). Not ideal, but was in another country and work is crazy.

Aiming to have solid capital set aside to invest in a first time loan by early next year. 

My question is, should I wait until end of next year to invest, assuming capital and all is aligned by early 2025, or invest in property while simultaneously paying my own rent elsewhere?

Good to know. The 401k is from a past job so probably will go the IRA route. So if I transfered all of it into a rollover ira, then I could use the entire amount I have currently as tax-free towards a first time buyer loan?

I have abt $9000 in my 401k from jobs. I would like to enventually use it towards real estate investing first purchase downpayment, once that opportunity arrises. What is the best method for this? 

Have been reading up on this a bit and it seems if I get it into a roth ira it can be used for downpayment funds eventually with lower taxes removed?

(If this question correlates better to a different forum thread lmk).

I'm still in the learning phases, but trying to both stabalize my income and also figfure out how I could invest in real estate while working fulltime 40-50 hours a week. I imagine there is a lot of work and things that need to be sorted during the day and cant wait for the weekend. 

So how does one balance a ton of work with starting out buying real estate?