All Forum Posts by: Christina Tabacco
Christina Tabacco has started 2 posts and replied 8 times.
Post: Where should I invest
- Huntington Station, NY
- Posts 11
- Votes 3
Quote from @Joshua Janus:
@Harrison Haynes Columbus, Ohio is a great market to invest in. The population has been growing here year over year over the last decade, it is home to The Ohio State University which has over 50,000 students that live here along with those that visit, and it also holds a diverse range of young professionals and traveling nurses to fill the demand of the multiple business corporations and hospitals stationed here. Tech companies are continuously moving here and establishing a footprint in Columbus as well. Intel is a great example, who is building the largest chip manufacturing plant in the US right here, and it will be a $20 billion dollar investment that brings a few new thousand jobs.
Here are a few more recent investments https://www.10tv.com/article/money/business/hydrogen-power-company-hyperion-bringing-700-jobs-to-columbus/530-25907aab-5517-4661-a9f3-d2ed2d5be6b0
https://news.wosu.org/news/2022-02-08/rumpke-to-build-50-million-recycling-facility-in-columbus
Hi Joshua,
I am intrigued about Columbus. However when I look at what is on the market and the rent prices I see the purchase prices not supporting a cash flowing business. What am I missing? I like that the area is developing and all the other positive attributes listed here. Seems like it has the right pieces. Thank you for you time.
Post: Self Directed Solo 401K
- Huntington Station, NY
- Posts 11
- Votes 3
Thank you all for the replies I appreciate it very much!
Post: Self Directed Solo 401K
- Huntington Station, NY
- Posts 11
- Votes 3
Thank you for the reply. I appreciate it!
Post: Self Directed Solo 401K
- Huntington Station, NY
- Posts 11
- Votes 3
Thank you to all who have posed over the years the benefits of a Solo 401K vs Self directed IRA.
Correct me if I am wrong but from what I have read here as a self employed agent with an LLC, a Solo 401k would be a better option than a self directed IRA
Question: How is it possible to take money out of the investments held in a IRA/401K?
What I mean is if I buy a rental and it is cash flowing $1000 (after expenses) how could I tap into that money as passive income NOW not down the road?
Or if I do a BRRRR or fix and flip how can I tap into some of the profits NOW and get it out of the retirement account so it is easier to access?
Thank you!
Post: New Member Huntington NY
- Huntington Station, NY
- Posts 11
- Votes 3
Thank you all for the warm welcome and advice! Much appreciated!
Post: New Member Huntington NY
- Huntington Station, NY
- Posts 11
- Votes 3
Awesome, thanks that is great! I will definitely do that!
Post: New Member Huntington NY
- Huntington Station, NY
- Posts 11
- Votes 3
Thanks!
Post: New Member Huntington NY
- Huntington Station, NY
- Posts 11
- Votes 3
Hello BPF folks,
I am a RE agent based in Huntington, NY.
I was a title closer several years ago, both commercial and residential. I thought then about getting my license. Two kids and a major life change looming and I took the plunge.
While I love doing they typical residential RE agent role, I really want to expand! Multiple steams of income is the name of the game.
I want to get into flips, working towards the middle to higher end eventually, as well as rentals, ideally small multi family. The goal is to have enough of that income that I can raise two kids and put them through collage!