All Forum Posts by: An Duong

@Vick Galu right I am going to test it out right now lol.

@Corby Goade you are right!

For those who coldcall (wholesaling or agents) on the weekend what are the best times to cold call? Morning Noonish, Afternoon.  What about Saturdays vs Sundays?

@Rich Hupper  The good think about solo 401k is that you can borrow against it penalty and tax free to fund your deals.  (Typically 50k or 50% of the solo 401k balance whichever is smaller)

@Dmitriy Fomichenko I do flips/rehabs.  If I can defer my taxes on my flip profits and reuse a portion of those profits invested in the solo 401k at a low rate (hard money loans can be 3 points and 9% or more) to put in more deals it would help me grow my money in a tax free/deferred manner as much as possible.

Wow I read that you can put money in a solo 401k and then borrow from the 401k penalty free? Has anyone done this?

@Andrew Flora I’m in a similar situation with my flip profits and can’t rent it out cuz that wouldn’t make sense with my hard money financing and inability to convert to conventional financing since I don’t have w2 income.    The only way I can see is a self directed solo 401k to defer some of the taxes and then eat the rest of the tax hit.... 

Man I just did a rehab tour in Weymouth last weekend.

Will do! Thx!

I got marketed into buying a time-share and now money is just dripping out of my pockets on maintenance fees. Does anybody have any experience getting rid of them?  I don't care if I have to give it away I just want to stop having to pay monthly maintenance fees!

Hey @Marianna Osipenko

I invest in Boston, South Shore and Springfield.  I'd look for areas that have strong economic drivers like hospitals, schools, commuter rails etc.  Also good rents relative to price.