All Forum Posts by: Rhonda Wilson

Steve Vaughan The 401k plan is one of the worse plans that the industry has come up with. Companies transferred all the risks over to the employee and they charge you fees to manage the money and fees to withdraw the money. By the time you pay all the fees and taxes and don't forget all the losses the person that invested their money in the Indexed universal life policy will have more money for retirement then the person with the same amount in the 401k. Plus all the interest earned will be tax free so if he took out the money now he will make up whatever he has lost. Problems with 401k 1) Excessive fees 2) Major losses 3) Taxes and penalties Secondly, he will have access to use the funds at any time unlike the 401k. Lastly, many of these policies have critical and terminal illness riders included so he would have access to the face amount of the policy if he got sick. The fees that you pay for a 401k don't buy you anything so why not have life insurance while you build your retirement for the same amount of money. Dmitriy Fomichenko I was saying that since it's only 20k that he should consider taking the tax hit now because he could make that same 20k work better in the IUL and all the earnings will be tax free. This strategy is not for everyone but I just wanted to share what my husband and I have decided to do to supplement our retirement. This option will also allow us to borrow from the cash value to buy real estate. There are many options so you will have to assess which option will work best for you.

It all depends on what you want to do. You can also put in a Indexed universal life policy which will allow you to gain interest while decide what you want to do and then later you can borrow against the cash value while it still accrues interest.

I am interested in your pocket listings. I can also give you an example of what investors like to see approached for a deal. Let me know if you are interested.

Jose Rios do you know for sure that you didn't get approved for the amount you need for a duplex? If so, start where you can and then move forward. Sometimes it's better to get your foot in the door instead of standing on the sidelines.

Mary Malihpour I am a local wholesaler so send me your information and I will email you anytime I have a property that meets your criteria. The good thing about getting deals from a wholesaler is most of our deals are not listed on the mls and only people on our mailing lists get first dibs.

Chuck Webb what kind of policy are you referring? Who you recommend getting a policy with and how long do you have to hold the policy before you can borrow?

What's your buying criteria?

When I first moved to Houston I used HAR.com to find my rental through an agent. It was a great experience and I would definitely do it again that way. I moved from San Diego and in that market you found rentals quite differently but Houston was different. A lot of people list their rentals on HAR.com.

There are also 4 other homes in the same complex going for $1250.

Kristy Farmer it seems that the area is saturated with rentals so you have a lot of competition. The average days on market are 40-60 days. If you want it to get rented fast you will want to be lower than your competition unless you are offering something different like better amenities.