That's a gamble some parents are not willing to take these days if they can afford not to.

Waiting until next year is like gambling or fortune telling.

It’s a gamble that could pay off if I can remidate the mold under budget.

If I give you money, what is to stop you from taking off and living the good life in the Bahamas or gambling it away at your favorite casino? 

There are a few weak points in this plan for a “rinse and repeat” strategy: No valid reason to buy except to gamble on appreciationNegative cash flowHerd mentality: buy high, sell low.

Are you sure you want to cash out your only source of retirement just to gamble it up on your first residential investment.If it were me I would wait, get my credit score up, save more cash, and not touch my IRA. 

I understand this is a gamble. 

Basically from my understanding , Uncle Robert doesn’t believe in 401K and suggest that it’s better to just invest in REI and control my own destiny rather than the bankers and wealth managers in Wall Street that gambles with my money 💰 if I participate in a 401K program.

Remember that you want to find a deal that cash flows from Day 1 (with the exception of building in house hacking one unit where you have decreased rent), otherwise you are gambling on appreciation.

I’d love to play 1 appreciation gamble every two years (buy a 800k house in San Diego or something, rent it at 4-5k, which covers mortgage, and cash flow from other properties for cap ex) and profit at sell off on appreciation in 15 years.That’s another thing I don’t need the cash flow to live off of and I don’t intend to retire on the cash flow in the next few years.