All Forum Posts by: Travis Kemper

Hi all,

I am leaving my current company in October and would like to find out what the best way to use my 401k for down payments is.  I like the flexibility of being able to take out 401k loans, are there any products that will allow me to take loans out there?  

I have also seen the self-directed IRA option. Can I commingle funds? My 401k/IRAs total about 50k so I would need to either add cash to help with a purchase or take a loan. Are these possible options or do you have to use the IRA funds exclusively?

Thanks,

Travis

Thanks Daniel.
Does anyone have experience in college rentals?  I sublet 2 rooms in grad school, but I also saw some friends in undergrad who destroyed their places so I would be a little hesitant to go right into that market.  Are repairs typically more expensive?  I also went to undergraduate in PA and grad school in AZ, and in both locations large apartment complexes were being built, and the local landlords couldn't compete in one location because of over development by the large corporations.  

Hey everyone, just found the Podcast and glad you're all out here!  My number one goal for 2018 was creating a financial plan for my fiancee and I to support our early retirement goals, and that led me to real estate.  Through a number of books and podcasts, I became convinced that buy and hold real estate is the best way to go for my financial freedom goals and I have been trying to learn as much as possible over the last 3 months.  I feel like I need to make the leap now and purchase, but something keeps holding me back.

A little about me:  My fiancee and I are both traveling Physical Therapists.  For those outside of the medical field that may or may not have any idea that these positions exist, we live in a 5th wheel and travel from area to area every 3-6 months.  Currently we work about 9 months per year, and that is our plan for the next decade.  We live fairly frugally, and traveling provides good pay, well I define it as good at least, so we have substantial income left over for investments.  But, this type of work means I don't have a local area to invest in currently, and probably wont for the next decade at least.  Obviously I will be using a property management company no matter where we go. 

So, I think my main struggle is freedom of location opens up the whole country, which multiplies the analysis paralysis effect and makes me less confident in choosing the right area.  If you were starting today, and lived my nomadic lifestyle, how would you approach real estate investments?

Thank you in advance!