Partial advice...have you considered rolling the Roth 401 over to a Roth self-directed IRA and then use those funds to invest in 2-3 syndications with experienced and trustworthy operators? This would get you some exposure to bigger deals and it would be passive and save you a chunk in taxes.
Aside from that. I started small with houses and duplexes and then picked up 12 and 16 unit complexes in the past few years. Those 28 units provide way more cash flow than my other 35 units. So I’d go as possible as soon as possible if you’re truly investing for cash flow.
I meant I’d go as big as possible as soon as possible.
(It would be so nice if you edit from the app)
I would not cash out any 401k or ira.
You mention the instant loss of 56k in taxes and penalties.
Take old 401k rollover to traditional ira. So you have more control what to invest.
You other ira. Roth? You know Roth you can pull cash out you have made over the years. You can not put money back this helps with taxes and penalties.
Take cash put down on one property and get the feel before jumping in with both feet.
Just my opinion no expert on real estate. I'm just starting to research my first rental property purchase. But i have invested in my 401k and Roth ira for 13 years. I know there is no good way I would pay any penalty or tax so that i can invest in another venture.
Do the math. Roi on property. Interest if borrowing. Vs cash and taxes and penalties.
I like the 4 square method I found bigger pocket you tube video.
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