All Forum Posts by: John Johnson

I would never advise any of my clients to cash out a 401K. There are far better alternatives. When I do run into this, my first advice is to move the 401K into a self directed IRA. It opens up buying opportunists without the tax exposure.

I deal with this with lots of my investors, especially those that are outside of the US.  One easy answer, both Chase and BofA allow for deposits (not WellsFago) into another person's account. 

Super easy, tenant walks to bank. Makes deposit and it shows up in the account minutes later.  No mess. No fuss.  Plus the deposit is time stamped. No arguments about what time it made it there

I personally have 16 home in DFW and we manage almost 200 SFR's. While there are a few gems in Dallas we are finding the real cash cows at the Northern edge of DFW along HW 380 and east along HW 80.

Housing prices in Frisco has so much pressure right now that it is very difficult to have cashflow positive properties there.

In the Northern areas, we are seeing 15% and up returns on down payments.

John Johnson