All Forum Posts by: Randy Bloch

If u stop contributing to your 401K where will u invest the difference? Roth IRA? Real estate? Brokerage account?

FYI - $1.5m will not be nearly enough to fatfire 30 years from now with inflation.

Your thought process is solid.  I would take into consideration your effective tax rates.  If are or become a high W2 earner then the tax Savings might make it worth it.  For me, if my effective tax rate is over 30% I think it makes since.  There are ways to access your 401k before 59.5, like Roth conversion and rule 72t…. Plus I think u need more than $1.5m

@Debbie Mayerson you want to buy a MHP directly or as GP or LP in a syndication?  Owning and running a MHP directly takes expertise and local feet on the ground.  One of big value adds is to buy a MHP that has empty pads and infill the pads...but this take work.  There also is things to know about sewer and utilities.  I would recommend investing in MHP syndication deal.

when you 1031 back into solely own building why not take on 40-50% debt?  It is modest leverage so it will help you returns as you hope to do better than 4-5%.

A financial planner or accountant will not add much value in managing your finances in regards to real estate investing.  Financial planner know nothing about real estate.  Once you purchase a property you should get CPA to help with your taxes.  At this point in your life I would keep it simple.

1) contribute to your 401k up to the company match, diversify the funds

2) set a reasonable budget and dont increase it when you get pay raise

3)  Save up 4-6 month emergency fund

4) save up down payment for househack, preferably one you can add value to and refinance to get cash out

5) Find a real estate mentor, attend meetups

6) Buy another property, rent out original house hack

7) decide if you are going to try and grow your W2 career and grow real estate at the same time.  It can get tricky if you get demanding W2 career....on the other hand getting mortgage is lot easie

Thanks Tim and Kevin!

I am looking for some suggestions on banks or credit unions that will do HELOC on a rental duplex. I have done them with RCU royal credit union, but they have a 50k max. Any other suggestions

@Troy Scottaline

I highly suggest you look into syndication. You can build up a passive income stream without the hand on work STR or LTR will take. These approaches will actually take more of your free time away from

Your family.

With syndication you should be ably to generate 6–8% so for every $1m you can save 60- 80k. Save up $3-4M and u have your 20k per month.

@Adam Widder

The difference I see is as written today this is one of the most restrictive rent control in the US ever.  It allows no chance to get the property up to market if you are below market Rent and no consideration for inflation.