Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Montel Ford

Montel Ford has started 1 posts and replied 3 times.

I'm set to close Monday on a multifamily and need an extension because I'm pulling money out my 401k and they need additional forms to complete my withdraw.. we asked for extension for Wednesday and they decline saying they need the money Monday and if we want extension they're going to charge a fee.. I got off the phone with my 401k provider asking is their a way to speed it up and they said with the additional form I need they won't be able to finish my request until next Friday which I won't have the money until the following Tuesday... long story short they're in a rush to close on Monday and I don't have the funds because of this process... what would you guys do in this situation?

Post: So what's holding you back?

Montel FordPosted
  • CA
  • Posts 3
  • Votes 0

@Frank Patalano

Education is super important. This won't help with control but if you don't want to manage but still want to invest, perhaps you should think about crowdfunding, buying a REIT, or passively investing in a syndication. Then you can at least have some of your money working for you.

Is the return on these other options crappy compared to actually having to do some work in terms of managing?

Post: So what's holding you back?

Montel FordPosted
  • CA
  • Posts 3
  • Votes 0

@Frank Patalano fear I will fail