All Forum Posts by: Natalie Wells

@George Blower Thank you so much for sharing this info. Very helpful. Unfortunately, we did already look into transferring your existing retirement account but the current employer for my husband does not allow that, just like you said, unless he is not working there anymore. This is very helpful all of this information. Definitely worth looking into all options.

We have a decent amount of money in my husband's 401k (around 100k, maybe a little more). My question is, have any of you taken money out of your 401k and taken the tax hit (which I believe is around 25-30%, possibly more) to invest in real estate? We feel that we could get that money working better for us, investing it in some multi-family, say taking out $50k maybe, but that taxed amount is not fun and that is taking a chunk of retirement away. But on the flip side, if you look at the opportunity real investing offers with cash flow, appreciating, tax benefits, etc, we feel there are a lot more positives to it than negatives. Would love any thoughts on those who have done this or something similar and/ or opinions on whether it's a good idea.

We are trying to purchase an owner occupied fourplex, priced at just over a million. One of the local lenders we have spoken with told us that they still require 20 percent down even if the fourplex will be our primary residence. Has anyone else run into this issue? Are there any creative ways to pay a lower down payment? Any recommendations on lenders or loan programs? We are in Seattle, WA. Thanks for the help!

@KyleMccaw we are looking at 4plex to about 8units. We are reviewing a 6unit now. This is kind of a tester project before we would do larger and make sure we have a team in place and it's manageable as we usually syndicate larger deals. This one is near Camp Bowie near Arlington Heights area (hopefully I'm describing that correctly lol).

We are looking to purchase our first out of state multifamily property in Dallas/ Fort Worth area. We have only been investing in Seattle. Would love to connect or get any feedback from those who are in the area or investing in the area, more specifically, Fort Worth. Doing all our research and trying to learn as much as possible! It feels a bit like learning a new language lol. Would love to connect with investors out there and get thoughts, or feedback on any areas to stay away from or overall experience with investing in Fort Worth. Thank you!!

@Benjamin Ervin appreciate your feedback and honesty!! And I totally agree with everything you said and thing it's very doable with little ones as long as you keep it safe. I love being able to open their eyes to the process and be involved with the project as well! Great job and congrats :)

@BenjaminErvin congrats! This is so impressive! Beautiful work! We are looking at a similar situation. Doing a flip, but basically living in it while we do it. My question to you, did you guys actually live in it with your kids during most of the renovation process or you moved in once the renovation was complete? We have two littles ones (5 and 1) and not sure if it is even feasible to consider living in a reno with little ones lol. Love any feedback you have for this with a family :)

@Isaac Moore we’re are getting some systems in place with hiring cold callers. How do you avoid getting fined or in trouble with the “Do not call list/number”? My brother in law just got sued for having one of his cold callers accidentally call one of these numbers. Any advice would be greatly appreciated!!

Thanks @ivanbarratt . in Seattle, we typically do $1.5mil to 10mil (8plex -50units). As we go into a new market though, we would like to stay at around 12-18units under $600k ideally- Memphis or St. Louis markets potentially.

Thanks @ivanbarratt! In seattle, typically we are between 2mil-10mil, 8-50units.