All Forum Posts by: Kelly Iannone

@Erika Banks an early congrats on this deal! Would also love to hear the details when you are ready to share. Property Management sounds like the way to go, perhaps a live in manager if you can spare one of the units and find a good person (I don’t have any recommendations on how to, just hear about in the podcasts :-))

I agree with @Aaron K. insights. I invest in low-fee vanguard (total stock market, mid-cap) through my 401k (50% Roth, 50% traditional) and the rest of my investment money is allocated for REI. Haven't seen a need for FA yet...maybe she get closer to retirement and need to start thinking about what money to use first.

@Alexandra Chaploutskiy wow, thanks for sharing. Good job not paying anything and sticking to your gun to get a copy of his license.

@Brittany Witt hello! Have you checked out the local BP meetup? It is held the first Saturday’s of each month, keep and eye on the BP Events page for details. The last meeting we talked a lot about wholesaling (is focused on buy and holds but still learned a lot). Hope to see you there. 

@Fredie Robinson question on the “hard withdrawal” from your 401k, is that an actual withdrawal where you pay the penalty too? I’m considering using the $50k loan on my 401k to help fund deals. Did you do hard withdrawal in order to get more money out to buy for cash? Thanks again for sharing.

@Fredie Robinson wow! Super impressive, thanks for sharing!

@Will Gaston Id agree with Will. I like the idea of buy and hold so I’d lean towards refinancing to pull your money out then rent it. Helps set you up for long term passive cash flow. If you don’t want to deal with tenants, higher a property manager. Good work!

@Dominik Perrenoud Wow, you have received a lot of really insightful answers. A source of motivation for you could be reading about and following the FIRE (Financial Independence Retire Early) movement. My husband and I are focused on increasing our savings rate wether it be reducing expenses or increasing income. In addition to funding our 401ks, we are laser focused on growing a real estate portfolio to allow us to retire early. We think of our pensions and 401ks as our Plan B/worst case scenario which we could use to retire at 55. We currently have a 30% savings rate and see a path to get that to 40% by the end of the year. This also helps protect us from “corporate downsizing” should either of us be affected.

@Clifford Paul agree with these comments

@Jason DiClemente I can second what Jason is saying on the location suggestion.