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All Forum Posts by: Simone B.

Simone B. has started 4 posts and replied 15 times.

Innovative Strategies

Post: Using 401k as a Real Estate investment vehicle

Simone B.Posted
  • Rental Property Investor
  • Virginia
  • Posts 15
  • Votes 3

@Beau Watson, thank you! Looking forward to updates in your journey!

0 Votes
Innovative Strategies

Post: Using 401k as a Real Estate investment vehicle

Simone B.Posted
  • Rental Property Investor
  • Virginia
  • Posts 15
  • Votes 3

Has anyone used their 401k to invest in Real Estate (not REIT). If so, how did you navigate the purchase so as not to be penalized (early withdrawal) and not get an income tax hit. Is there a way in which Real Estate purchases can treated similarly to stocks/mutual funds in a 401k?

0 Votes
Insurance

Post: Insurance on a Condo rental.

Simone B.Posted
  • Rental Property Investor
  • Virginia
  • Posts 15
  • Votes 3

@Ben Guttman much appreciated.

1 Vote
Insurance

Post: Insurance on a Condo rental.

Simone B.Posted
  • Rental Property Investor
  • Virginia
  • Posts 15
  • Votes 3

How do I determine the right property insurance?

1 Vote
Insurance

Post: Insurance on a Condo rental.

Simone B.Posted
  • Rental Property Investor
  • Virginia
  • Posts 15
  • Votes 3

I am new to investing and just bought my first property! Currently, I am in the process of shopping for insurance. Any thoughts about how much insurance to get for a 1200sqft condo (appraised for 150k) 2nd floor, built in 2001? I was quoted a few different prices ($23 and $37 per month were the lowest) with 500k liability, 60k dwelling, and 1k deductible. Anything I am missing and why there is such a difference in price?

1 Vote