Hello to all,My name is Irlan Montoya and I'am 31 years of age from San Luis Obispo County located here on the lovely central coast of California.

It seems the best/only route for me to go would be a private lender or hard money since a bank would most likely laugh in my face when asking for loans for this type of business, especially at my age.

My goal is to own at least 2 rental properties by the age of 25.

You can't withdraw from a 401K before the age of 59&1/2 without a penalty, which is 10%.  

At that age my Dad explained to me how owning condos and villa complexes in myrtle beach can be so profitable.

This distinction is where a conversation with an expert will be most helpful to identify the specifics of your needs and goals.And, this field is like many things... a service where you get what you pay for.  

It's the age old "appreciation versus cash flow" debate.

According to the census bureau Metro Atlanta has #2 Population between age 25-39 and #5 population under 20.

@Heather GipsonAs to whether to make part of your plan Roth or not, that is typically best addressed by your licensed tax advisor, and will hinge on a lot of factors related to age, income, investment goals, etc.You cannot rollover existing Roth IRA funds into a Solo 401k, so anything you do with a conversion from tax-deferred funds to Roth status should be after the setup and rollover of your new plan.You will have one 401k plan, and within that plan the capacity for two sub-accounts.  

hi robert. welcome to BP and real estate investing. one thing you have going for you is your age. i have always regretted not doing this much sooner in life. that being said, you do have a lot to learn. there are so many ways to buy real estate in this world, we all simply could not list them here in this forum. most are very creative in nature.