All Forum Posts by: Chris Blair

I'm considering jumping headfirst into rental units.  I have an acquaintance that has been in the rental real estate market for the last 20 years and looking to retire.  He has 60 units in total that I can purchase.  I'm considering using a large portion of my traditional 401k investment to diversify in real estate.  Now is a great time to take money out of my 401k due to the Covid cares act so I would want to take out enough money while it is in place to avoid early withdrawal fees.    

My question is do you think it is wise or not so wise to buy 4 properties with 30% down on each for a total of 8 units utilizing a property management company for all? Am I getting in over my head or does it not really matter much whether I buy 1 or 4 since they are all fully rented and will be managed by a property manager while I work full time.

College isn't for everyone.  I myself stopped after a 2-year degree because I never enjoyed it and wasn't passionate about any particular subject.  There are many other ways to be successful that do not require you to be buried in debt.  With that said, a college education is important for career paths that require it so think carefully.   You can always go back to college later in life as my wife did.   At your age, I wish I got into real estate and stock investing early.