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3 August 2021 | 103 replies
Do I want to retire at 35?
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29 September 2015 | 19 replies
from the outside looking in it does seem crazy to get out when retirement is only 8 years away.
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26 October 2015 | 5 replies
Will I sell it all and retire to a beach somewhere?
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10 July 2015 | 4 replies
I hope to maintain a comfortable lifestyle going forward with these investment and be able to fully retire at the age of 46.If anyone has some recommended resources in the area (REIA meetings, groups, etc) I would love to hear them.
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15 July 2015 | 2 replies
See following website to learn about the Roth 401k rules. http://www.irs.gov/Retirement-Plans/Retirement-Pla...See following website to learn about the 401k participant loan rules. http://www.irs.gov/Retirement-Plans/Retirement-Pla...See following website to learn about disallowed 401k investments.http://www.irs.gov/Retirement-Plans/Retirement-Pla...
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1 August 2017 | 32 replies
I thought I could take a loan against the 401k or transfer one of my old retirement accounts with a previous employer to a self-directed one so that the entire purchase and proceeds are all handled within the retirement account and thus would not count as income for tax purposes.Thanks all!
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28 July 2017 | 9 replies
If so, waiting for an exit until post-retirement (i.e. banking on long-term appreciation) is a completely viable strategy.
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21 August 2017 | 19 replies
Retired and mobility impaired would have been a more accurate description.I don't think we'd take any legal action yet, but I will tell my sister to not enter the house if he isn't fully clothed.
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16 August 2017 | 5 replies
I use a renewable short term CD that allows 50% daily withdrawals for Real Estate Investment Cash Reserves (Vacancy, Maintenance, and CapEx).Our W2 income goes toward paying down current personal debts (double payments for most), Retirement savings (401K's and IRA's), living expenses, and certain percentage for personal entertainment and vacations.
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16 August 2017 | 19 replies
I am usually never at home so i gotta type everything on the phone, otherwise i would more easily be able to get into more detail.now the amount we pay the manager is not very much at all, but that is ok because the manager gets a huge perk: they get to live in the manager's quarters which pretty much all motels in the united states have. the managers quarters is connected to the front office and consists of a 2 bedroom, 1 bathroom apartment with an adequate spacious kitchen and spacious living room. an older couple who is retired, about to collect social security checks possibly, and has a minimal and quiet social life is most desired for this position. they get to live rent-free and utilities-free, and i get a manager for minimal expense. its a win win situation and i often become good friends with them. most managers only stick around for 1-2 years, but some are willing to basically stay for decades even.the motel business is a seasonal business, but not an extreme one. typically around march-may, business slows down an observable amount, and after that it picks right back up to 90-100% occupancy on every night. several nights a year, we have to turn away guests at nighttime because we have no rooms left to sell.the budget motel is a peculiar business, but then again its really not. your average person might struggle to understand how this business requires a decent amount of hard work, yet is simultaneously one of the most laidback businesses you can get into.we remain super competitive, to the point where its not even competitive anymore for us. the reason why is because i have placed a 40 inch tv in every room, along with a full sized refrigerator and a real kitchenette. for $190 total per week and free housekeeping and wifi, who wouldnt want to stay there vs. renting at an apartment that requires all sorts of documentation and an application fee?