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All Forum Posts by: Roberto Medina

Roberto Medina has started 1 posts and replied 1 times.

Post: Cash out 401k to buy 4plex?

Roberto MedinaPosted
  • Rental Property Investor
  • Klawock, AK
  • Posts 1
  • Votes 0

I own a summer charter fishing business and gross about 120k a summer during the fishing season, I am a full time police officer and gross about 100k doing that, (after taxes and deductions about 68k) I have about 200k in retirement and have taken unpaid leave to put more energy into my business as this is the busiest I’ve ever been ( people eager to fish in alaska after covid) I want to cash out my retirement and buy a 4 plex that will cash flow around $2,800 per month, I’m just not sure if it’s the right move but it’s what I want to do.. I have no mentors or people I can talk to who have done what I want to, so I’m really looking to be pointed in the right direction. My mom worked as a CO for 20+ years and had a degree in finance, she says bad idea but she worked until she was 65, not the path I want. Thanks for the help guys I really appreciate it.