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All Forum Posts by: Colleen Ferrari

Colleen Ferrari has started 2 posts and replied 15 times.

Post: Investing 401K/Pension funds without bleeding out-- Seattle area

Colleen FerrariPosted
  • Rental Property Investor
  • Snohomish, WA
  • Posts 15
  • Votes 3

Thank you!

Post: Investing 401K/Pension funds without bleeding out-- Seattle area

Colleen FerrariPosted
  • Rental Property Investor
  • Snohomish, WA
  • Posts 15
  • Votes 3

Ok-- so I may have hosed up my question. We are wondering about how to use our 401K for real estate investments without being taxed for taking the money out. So I guess not a self directed 401K but a way to use the funds to invest. y husband is 59.5 if that matters. We do not own a business.

Post: Investing 401K/Pension funds without bleeding out-- Seattle area

Colleen FerrariPosted
  • Rental Property Investor
  • Snohomish, WA
  • Posts 15
  • Votes 3

We are interested in self directed 401K information and we have questions about cashing out a pension or rolling it over. Has anyone dealt with a custodial account in the Seattle area? We would like to find someone that we can trust to help us make decisions. 

Post: Real Estate Meet-ups

Colleen FerrariPosted
  • Rental Property Investor
  • Snohomish, WA
  • Posts 15
  • Votes 3

Hmmm... not one response? I have not made it to a meet up as of yet. I am looking for meet ups in my area. I am imagining the meet ups to be in restaurants or perhaps even a bar.  I LOVE children. I have my Early Childhood Degree and I teach a Pre-K class. If I could answer your question from a toddler's point of view, the answer would be "no". Your toddler probably would not enjoy the environment of people trying to discuss investments. To answer as an adult and trying to wrap my mind around investment talk, I would also probably say it's a no. You may find a group totally open to it. There are so many kick-*** parents that might want to get together and talk investments. When I was a young mom, I was buying houses and taking my toddler with me when I renovated and did drive by's. You just need to find your tribe!!  There is a group for everyone-- I am still searching for mine and I don't know, maybe I wouldn't mind, but I am afraid I would be very distracted by a child-- I am betting that there are other parents of toddlers that could create a group. Or bring a sitter with you, and that person could entertain your toddler away from the group, while you focus on the group talk. :) One thing is for sure--find a way to meet up and do it! 

Post: How to invest 200k in Washington State for highest cash flow?

Colleen FerrariPosted
  • Rental Property Investor
  • Snohomish, WA
  • Posts 15
  • Votes 3

Example-- https://www.zillow.com/homes/for_sale/Oak-Harbor-W...     

But you will have to consider the cost of repairs on any unit-- if you need the cash for medical care you could always run into trouble with real estate. I still always feel real estate is a solid investment. 

Post: How to invest 200k in Washington State for highest cash flow?

Colleen FerrariPosted
  • Rental Property Investor
  • Snohomish, WA
  • Posts 15
  • Votes 3

Go online and look at Oak Harbor-- It's a Navy town so you have many move in and move outs but the prices on duplexes and 4 plexes will get you close to your numbers.  It's a weird little niche.

Post: Need a realtor in Whidbey island, Washington

Colleen FerrariPosted
  • Rental Property Investor
  • Snohomish, WA
  • Posts 15
  • Votes 3

Where are on Whidbey are you considering? I am not a realtor. I was born on the island and currently own rental property there now. 

Post: Need Help - Insane situation

Colleen FerrariPosted
  • Rental Property Investor
  • Snohomish, WA
  • Posts 15
  • Votes 3

Where is your property located? Where is the other side of the planet? Is it possible that the tenants that are there scared off the ones that left. If rough people moved in it could influence other to move out. Also, did all your contracts expire at the same time? It may have just been coincidental due to the dates on the contracts. It is a sinking feeling when vacancies happen-- hopefully this is just a little bump in the road for you. I have had that happen when new housing was built and there was a glut for a short time.

Post: My 12 year old bought his first house

Colleen FerrariPosted
  • Rental Property Investor
  • Snohomish, WA
  • Posts 15
  • Votes 3

Kudos to your 12 year old that shares your interests in real estate. Kudos as well to your 14 year old who is pursuing his own interest that are exactly in line with his age-- He will contribute to the world in other ways that also have value. 

Post: Losing deductions due to income cap

Colleen FerrariPosted
  • Rental Property Investor
  • Snohomish, WA
  • Posts 15
  • Votes 3

Thank you all. We will meet with the real estate attorney to figure out our best options. Truly appreciate all the input.

Colleen