All Forum Posts by: Steven McCutcheon

Jason DiClemente Thanks Jason! Can’t wait to see where this takes me!

Hi all, my name is Steve McCutcheon and although I’ve been reading plenty of topics on BiggerPockets for about a month now, I finally thought it was time to make an account. My interests are in long term buy and hold properties and would prefer to start out in the small multi-family space. For the time being I don’t have any properties, but was planning on using 2018 for saving as much as possible, and a ton of education. Pretty excited to be on here!

@Daniel Cayer Regardless of whether you take out the money now or in 30 years when you are forcefully required to, it is still taxed. You will be only losing an extra 10% on a penalty, which at 40, you have plenty of time to recapture if it bothers you. Retiring off of a $1 million 401k doesn’t work today nor will it in 25+ years. Cash flow from buying real estate is income you are actually earning, and not just on paper. It allows you to keep reinvesting in yourself, trading up to buy bigger properties, and give you that financial freedom! A mutual fund will not.