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All Forum Posts by: Keith Fowler

Keith Fowler has started 12 posts and replied 36 times.

Post: Quit my Job, Cash out my 401K, buy more RE investments.

Keith FowlerPosted
  • Flipper/Rehabber
  • Pensacola, FL
  • Posts 46
  • Votes 5

lmao. We have quads her in nebraska fully rented going for under 100K. You can find those deals if you know what your looking for. 

Post: Quit my Job, Cash out my 401K, buy more RE investments.

Keith FowlerPosted
  • Flipper/Rehabber
  • Pensacola, FL
  • Posts 46
  • Votes 5

 Cash flow and gross rents are different things.

Post: How do I get more multifamily financing after a quit my job?

Keith FowlerPosted
  • Flipper/Rehabber
  • Pensacola, FL
  • Posts 46
  • Votes 5

I'm just about to close on a duplex . The rental portion of the duplex will cover my mortgage and upkeep.

My goal is to eventually shift my focus to my small business. I currently work two week shifts in the oil industry, and during my time off I have been building a home improvement business. I forsee my home business replacing my current job in the next year.

When I leave my current company I want to move my capital from mutual funds to investment properties. I will have about 20,000$ on hand after taxes and fees. I found a few properties for under 100K that can cash flow 1000$ every month.

Do you think I would be able to get financed for an investment property without having 2 years of tax returns from my business? 

Post: Quit my Job, Cash out my 401K, buy more RE investments.

Keith FowlerPosted
  • Flipper/Rehabber
  • Pensacola, FL
  • Posts 46
  • Votes 5

But how do I get financed once I quit my job and invest full time. 

Post: Quit my Job, Cash out my 401K, buy more RE investments.

Keith FowlerPosted
  • Flipper/Rehabber
  • Pensacola, FL
  • Posts 46
  • Votes 5

That's a possibility. 

I would prefer to keep all the income for myself.

Post: Quit my Job, Cash out my 401K, buy more RE investments.

Keith FowlerPosted
  • Flipper/Rehabber
  • Pensacola, FL
  • Posts 46
  • Votes 5

I'm just days away from closing on a duplex . The rental portion of the duplex will cover my mortgage and upkeep.

When I quit my current job I want focus on my small business and also supplement my income by cashing out my 401K and buying another multifamily investment property.

 I will have about 20,000$ on hand after taxes and fees. I found a few properties for under 100K that can cash flow 1000$ every month.

How can I get financed for an investment property without having 2 years of tax returns from my new business???