All Forum Posts by: James R aduna

@ Sean McClusky Yes, that's a good point. I'm doing BRRRR's with my 401K money and using the equity from them to pay back the money within 3yrs, so I forgo the regular taxes. As for my IRA, I simply want to cut some additional percentage points now that I've been getting everyone's feedback.

@ Shashy B. Thanks for reply. 

@ Michael King Yes, agreed. 

@ Nick Rutkowski Thanks Nick I started calling a few today. Anyone you would recommend? 

@ George Blower Thanks for the feedback George. 

@ David M. Thanks David. I've called my current bank who I have the loan with and they're not offering better rates. Since it's a non-recourse lender I have to speak with specific banks. You're probably right. There's still cheap money out there and I'll need to find better rates. 

@Kyle J. Thanks for your feedback. Yes, I should have been more clear! It's for an investment property and not my personal home. Also, the investment is in my IRA and is paid off about 50%.

@ Bill Goodland Thanks for the feedback. Can you explain your reasoning further?

BP Community,

Since the government's stimulus package for 401k investors has come out I've been thinking about taking money out of my savings and either paying off my high-interest mortgage or simply buying another another cash flowing asset. The current interest rate on my existing loan is 6.6%. It would be great get your opinion. Best-James 

@Elenis Camargo 

Hi Elenis,

Great inspiring post! It certainly goes along way when you are passionate about something and share your time/ideas. Congrats with your endeavors so far.

I mostly invest in properties in Memphis and have a syndication deal Verginia, but I’ve been looking in the Jacksonville area recently. Would be great to connect to possibly look at deals in the future.