All Forum Posts by: Keith Fowler

I can't move my 401k with my company when I'm employed. And I need to be employed to get a loan in think.  And I need that cash flow

Thank you. I hope it works out.

Here is my thought, I'm going to pay taxes on my 401K sooner or later. I believe I can do a much better job investing that money in property that will increase in value twice as fast as mutual funds + cash flow. There is the 10% fee but it will have been worth it later on when I have built an empire.

So my plan is to loan 50% from the 401k, buy multifamily and quit. Then cash out the rest of the fund to pay the taxes on the loan. (Can't cash out unless you quit. Can't get financed without a job)

I've already started a corporation for my home improvement business. And after 2 years of business growth I should be able to finance again when I sell my owner occupied duplex. 

@Matt Morgan Im a handyman during my 2 weeks off from the oil patch. Let me know if you need any work done. 

Here is my thought, I'm going to pay taxes on my 401K sooner or later. I believe I can do a much better job investmenting that money in property that will increase in value twice as fast as mutual funds + cash flow. There is the 10% fee but it will have been worth it later on when I have built an empire.

So my plan is to loan 50% from the 401k, buy multifamily and quit. Then cash out the rest of the fund to pay the taxes on the loan.  

I've already started a corporation for my home improvement business. And after 2 years of business growth I will be able to finance again. Just in time to save a but load of taxes when I sell my current duplex (owner occupied). 

Hey thanks guys.

corporation*

Now what about buying investment RE with your cooperation?

Well I just turned 24 and closing on an FHA duplex. But soon my "foolish pipe dreams" will become a reality.

You can find one pending in Lincoln on Relitor.com

Pipe dream. Lol