All Forum Posts by: Clay Smith

Eddie... if I was young, single, had a 401k, and just starting out.... I would consider buying a multi-family you intend to Owner Occupy (OO) and purchase it using conventional (bank) financing construction loans. You can use your 401k funds for the down payment on the home.

Lowes will work with you and you can purchase everything there...

http://www.lowesforpros.com/lowes-building-and-loan-program

There are a billion other ways to go with this, but I was just keeping it simple.

I have been much more successful in the corporate world than most of my peers. I make a good income. However, I realize I will never get rich climbing the corporate ladder without luck and networks. Very few people make executive level at Fortune 100 companies. I decided that real estate would give me a level playing field where I can create my own wealth without relying on a promotion. Very few people make six figure incomes working for "the man".

I own a duplex that I bought while in college. I have rented it out for the past 10 years. I tried to leverage my 401k to buy more properties when I stumbled across "subject to" financing options. I am intrigued and willing to take risk. I would like to create enough passive income to put my new born child through college and fund my retirement.

Hello. I am a new member from Louisville, KY and I have owned a duplex since 2003. I am now interested in earning more passive income. I work full time for a Fortune 100 company but have high debt to income ratio because of my student loans (Masters in Business Administration). I am mostly interested in finding "subject to" deals where I can acquire rental properties in reasonably good shape.