All Forum Posts by: Michael Craig

@Sydnee Gross

Yes, each property had value add opportunity. This allowed me to pull most (if not all) of the money out to pay back the 401k loan and repeat the process. 

Hi @Sydnee Gross,

I purchased each of my properties utilizing a 401k loan and recommend it to all investors - assuming the 401k loan terms are favorable. Not all 401k loan terms are the same and vary dramatically so it is important that you become very familiar with the terms and fees/penalties of your loan. Also, I would be cautious if the loan is due if you were to lose your job or no longer work with the employer the 401k is set up with.

It is possible to invest with a 401k loan and is a creative/beneficial way to finance when the terms are favorable! 

Link to next month's meetup:

https://www.biggerpockets.com/...

What is it: A real estate meetup group

When is it: Tuesday, November 17th, 2020 at 7:00pm-9pm

Where is it: Embassy Suites by Hilton Saratoga Springs, Located in Congress Plaza

Who will be there: The goal of this networking event is to bring together real estate professionals and investors

How will the meetup be structured: We will kick off the meetup with a brief real estate presentation. After 15 or so minutes of presentations, we will break up into groups to discuss real estate and network. Suggestions on the meetup structure are greatly appreciated. Also, reach out should you want to present at an upcoming event. 

Like October's meetup, November's meetup will take place in the “Skidmore Room” at Embassy Suites. The Skidmore room is a private room attached to the bar area. If you need help finding the Skidmore Room, the host will be happy to point you in the right direction. 

*COVID-19 Update* The hotel has set up a section for us at the bar/restaurant where social distancing practices will be kept within our own group.

This week’s meet up will take place in the “Skidmore Room” at Embassy Suites. The Skidmore room is a private room attached to the bar area where the meeting was held last month. If you need help finding the Skidmore Room, the host will be happy to point you in the right direction. Signs will also be posted.

Embassy Suites is all set for the meet up next Tuesday. We look forward to seeing everyone!

Hi Ryan,

There are a few Glens Falls investors who attend a monthly meetup event in Saratoga Springs - link to the event below:

https://www.biggerpockets.com/...

What is it: A real estate meetup group

When is it: Tuesday, October 20th, 2020 at 7:00pm-8ish

Where is it: Embassy Suites by Hilton Saratoga Springs, Located in Congress Plaza

Who will be there: The goal of this networking event is to bring together real estate professionals and investors a like

How will the meetup be structured: @Joshua Tobin will kick off the meetup with a brief presentation on a recent flip he and his company completed. After 15-30 minutes of presentations, we will break up into groups to discuss real estate and network.  

*COVID-19 Update* The hotel has set up a section for us at the bar/restaurant where social distancing practices will be kept within our own group. Our section will be able to accommodate up to 30 people.

Embassy Suites is all set for the meet up tomorrow. We look forward to seeing everyone!

Just a reminder that the event is two weeks away

What is it: A real estate meetup group

When is it: Tuesday, September 15th, 2020 at 7:00pm-8pm

Where is it: Embassy Suites by Hilton Saratoga Springs, Located in Congress Plaza

Who will be there: The goal of this networking event is to bring together real estate professionals and investors a like

Topic of Discussion:  Past, present and future deals - Overcoming and adapting to COVID - All things Real Estate