Scott MacDonald
Got $40k thread
Hello BP'ers,
Long time BP stalker, first time poster. A while back I read a forum thread named something like, "I have $40,000 and don't know where to start" that caught my interest because I am in a similar...
Kaygo Haga
Using IRA as source of funds for RE Investing
Hello BP family,I am new to the real estate investing world and to the BP community.I, like many people am interested in the thought/ possibilities of real estate investing but don't much cash to invest with.I have be...
Abby Robinson
Cash out 401(k) for real estate investment?
Hello fellow BP members! I have a 401(k) that has been sitting for the last 3 years that I haven’t been able to contribute to because it is set up through a previous employer. I’m considering cashing it out in order t...
Edward Prochilo
Use cash to pay debt or purchase property ?
I need advice on how to proceed financially. Until two years ago I paid all my bills on time and had a credit score of around 730. Then I had several financial setbacks and couldn’t afford my bills anymore. I stopped ...
Jordan Slater
Where to keep cash reserve?
I am meeting with my property manager today to get my first rental on the market! I am planning to build my cash reserve over the next year as I prepare to purchase another rental. Where should I keep my cash reserv...
Account Closed
HELP! Hard Money Loan with Tax Lien on record
I had a very unfortunate event in which I received an IRS Tax lien a few weeks ago. I am appealing the lien because I did not receive the warnings in the mail. However, it was filed in November. I promptly paid off th...
Steven Burrows
Leveraging 401(k) and annuities
Is there a way to leverage the funds I have in my 401(k) and annuities to acquire hard money?
Mike Sheppard
401k Question - To pull money out, or leave it
Hello everyone. I am new to investing and getting very close to finally getting my feet wet. Over the last couple of years my mindset has turned 180 degrees and I now look for investments rather than higher paying mor...
Isaac Hayes
Retirement Account 10% Penalty to Access Real Estate
I plan to purchase a four-plex in Columbus, Ohio within the next two months. I had planned on liquidating a standard brokerage account for the down payment. However, because I plan to retire and live off passive incom...
Rahul Handa
Is 4% rule safe for early retirement?
I fell like there is more to it than just this. I have watched lots of videos on people claming that if you invest $1m dollar into index funds and only take out 4% every year then you will never run out of money. Is t...