Newbie - Would love input from the BP community

[Cassandra Alabada]

Hello all.

Real Estate Newbie who would love to get into the game. However, I am having both analysis paralysis and hesitation. It's part of my personality to function systematically, observing both sides of the coin, and come to a consensus knowing the potential outcomes with it's risks. As of now, I was hoping to get your thoughts on the following ideas:

1. Using a 401k towards investment, specifically, using a old/stagnant 401k from a former employee. Is it worth rolling it over as a solo 401k, LLC versus withdrawing?

2. Starting off with single family rental homes or utilize creative financing to obtain a larger acquisition such as an apartment complex (multifamily home)?

Hope to hear from you all. 

Thanks!

-Cassandra

[Brett Synicky]

Quote from @Cassandra Alabada:

Hello all.

Real Estate Newbie who would love to get into the game. However, I am having both analysis paralysis and hesitation. It's part of my personality to function systematically, observing both sides of the coin, and come to a consensus knowing the potential outcomes with it's risks. As of now, I was hoping to get your thoughts on the following ideas:

1. Using a 401k towards investment, specifically, using a old/stagnant 401k from a former employee. Is it worth rolling it over as a solo 401k, LLC versus withdrawing?

2. Starting off with single family rental homes or utilize creative financing to obtain a larger acquisition such as an apartment complex (multifamily home)?

Hope to hear from you all. 

Thanks!

-Cassandra

 Welcome to BP. I think you'll find this to be a great resource for you in your investing journey. Here's some helpful information for you regarding self directing your retirement.  

Non-recourse lenders

https://www.biggerpockets.com/member-blogs/2810/50272-list-of-non-recourse-lenders-for-self-directged-ira-and-401k

Solo 401k

https://www.biggerpockets.com/member-blogs/2810/21298-solo-401k-advantages

Sdira self directed ira

https://www.biggerpockets.com/member-blogs/2810/blog_posts/28450-real-estate-ira

Prohibited Transactions

https://www.biggerpockets.com/member-blogs/2810/44738-prohibited-transactions-for-a-self-directed-solo-401k-or-checkbook-ira

Disqualified Person

https://www.biggerpockets.com/member-blogs/2810/47960-disqualified-person-in-a-self-directed-ira-or-401k