All Forum Posts by: Johnny Thompson

@Omar Khan Yes I just got off the phone with HR and they told me 3 months as well. So I'll be issued stock in July for shares purchased Jan-June and I will be able to sell those shares in September. I can take a max of 10% of my paycheck but I'll have to pay taxes on the capital gains if I sell those right?

Thank you @Bill F. and @Omar Khan. 

Bill- My goals for the $100k is the launch pad to fund the down payments for my 10-12 properties. That obviously won't be enough but it should get me a few. After I acquire 10-12, I'd like to use a debt snowball to pay them off. I understand that I could use leverage to acquire more properties but that is not extremely enticing for me. The vesting schedule is only 3 months. So as soon as shares are issued, I have to hold for 3 months then I can sell.

Omar- Contributing $5,500/yr will slow my progress to fund my initial 10 properties. Will I be able to pull money from my Roth if I continue to contribute?

Thanks for your guys help.

Hello, I'm looking for some advice on my situation as a 28 year old. My real estate goal is to buy enough cash flowing rental properties to retire early and I should need about 10-12 to reach this goal. My short term goal is to save up $100k to have some capital to work with and piece of mind. I currently have 2 SFRs. 

I'm a W2 employee that makes good money. I take the full 6% company match on my 401k but nothing more. I have employee stock program that I contribute 4% to that lets me purchase stock twice a year at a 15% discount of the lowest stock price in the previous 6 months. 

As I am working towards my saving goal, should I also be maxing out a Roth IRA or SDIRA? Or should I just keep that money in a savings account to purchase my next properties? Any advice would be appreciated.