All Forum Posts by: Mark Page

@Ashish Acharya Yes the return on the property could average a gross 100k a year!

Thanks sir!

So I’ve borrowed against my 401 k to purchase my first short term rental property. Fortunately it’s doing really well. I need funds for my next properties and I’m planning to liquidate my 401k so I can invest that money in rental property. I’m only 45 and was wondering if there is a way to avoid the tax and penalties? Help!

BTW, I need a CPA who is familiar with property, especially for STR's!

@Barry PekinThanks so much! I like that!

@Julie McCoyI love your words of encouragement! I really do like STR's partly because we get to use the properties, plus my wife enjoys the STR's and I need her help because I have a full time job and a crazy commute! Do you mind if I ask were your STR's are? I'm so desperate to leave my job that I'm thinking about liquidating my 401k to buy more properties! I'd love to keep in touch Julie. Thanks so much!

@Dennis M. I like that bro....short and sweet. Thanks man!

@Willie Page Thanks so much brah! Lol, yeah we might be cousins!  Sounds good, thanks for the encouragement bro! 

Thanks so much @Cameron Tope! Man if I could do that in two years that would be amazing!

What types of properties are you talking about investing in?

Very true @Theresa Harris! Thank you!

Thanks so much @Luke Carl! Man you made my dream sound attainable! I don’t have any rich uncles.

BTW, what type of properties are you talking about to replace my income?  I am absolutely not trying to be a property manager!  I want to hire a property management company.

I just turned 45 in May and finally bought my first rental property this past March 2019. My wife and I started our own vacation rental business . Although this is the slow season in Big Bear Lake Ca, where our STR is located we've been booking almost every weekend but we still have a lot to learn. I work for the Disney company as a professional designer but I want more for my wife and myself. ESPECIALLY WHEN IT COMES TO MORE TIME WITH MY WIFE.

I make a six figure income and have a 401k I can liquidate to buy more properties but I’m a newbie to real state investing and I’m hoping I’m not to late in life to learn a strategy and retire early.