Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

50
Posts
11
Votes
Devang Patel
  • South Plainfield, NJ
11
Votes |
50
Posts

401k

Devang Patel
  • South Plainfield, NJ
Posted

Hi all.  Just want to say I love this site and also all of those blog members that have helped me along the way.  Within 15 months i have accumulated my first 9 units and each one has had its share of challenging yet ultimately prosperous adventures.

I have a question on 401k-- What is the point of having one if company does not match when you can have cash flowing properties while also increasing your equity? I am almost thinking of selling out of my roth IRA and 401k completely in order to purchase 2 or 3 more properties in cash to get to my goal quicker. I am still 30 years away from retirement. With the way the markets have changed in the past 15 years, I feel real estate to me is more of a tangible asset that is easier to understand. I feel like I have way more control with real estate than my 401k/roth iras which feel more like black holes. Any advice would be greatly appreciated.

Most Popular Reply

User Stats

13
Posts
4
Votes
Joe G.
  • Saint Louis, MO
4
Votes |
13
Posts
Joe G.
  • Saint Louis, MO
Replied

Quick questions since this string appears active still.  This is exactly what I intend on doing to finance my first investment property this year.  I'm not well-versed on how it all works and don't feel like this is the creative financing strategy to learn with.  

How do I find an accountant who understands this type of maneuver?  What questions should I ask to be sure he/she knows exactly how this works?

I'm still trying to assemble my team while nailing down financing.

Thanks!!

Loading replies...