It’s awesome to see you taking action and diving into real estate education.

In the next 5-10 years, I plan to leave my current industry and transition to real estate full-time, so I’m especially interested in how this could impact that goal.Current FinancialsRoth 401(k) Balance: $105KContributions: $79KEarnings: $23.5KSalary: $109KContributing 6% annually ($545/month), with a 100% match for the first 3%Investment Growth Assumption: 8% per yearCurrent Rental Cash Flow (Pure Profit After All Expenses): $7,500/month (9 units)Potential New Property Cash Flow (Pure Profit After All Expenses): $1,300/monthCurrent Real Estate Portfolio Value: $1.4MAfter New Property: $1.7MWithdrawal Breakdown ($60K)Tax-Free Contributions: $45KTaxed Earnings: $13.4KWhy Only $13.4K Is Taxed and PenalizedMy Roth 401(k) balance is made up of:Total Balance: $105KContributions: $79K (75.24% of total)Earnings: $23.5K (22.38% of total)When withdrawing, the money comes out proportionally from contributions and earnings.

However, achieving success in this space requires more than purchasing property—it takes strategy.

Take advantage of its valuable resources to further enhance your knowledge.Remember, the key to maximizing your experience is to be proactive, ask questions, and share your own experiences.

Also, networking with local contractors and lenders now will save you time when you're ready to move on a deal.When you visit, try to walk neighborhoods at different times of the day, chat with locals, and take note of any development projects or signs of growth.

You'd think with all the information out there that it would be harder to pull the wool over people's eyes.

I’m on my town planning board and we get all sorts of conceptual projects that never come to pass.

Landlords can easily do it without a mortgage but they are taking a huge risk.

Your 1031 QI would have to buy/hold the land and do all the construction BEFORE you owned it. 

If it were us, we would keep the property and take out loans against it for investing in additional industrial property.