All Forum Posts by: Danny S.

@Anthony G - No, there were very few options to begin with so I went with the best performing options... and they still are according to the funds summary.

@Jassem A. - I didn't think about the reserves aspect which is important so thanks a bunch!

@Link McGinnis - My plan is to fix it up gradually over the next couple years and rent out the entire place. And I currently have no other rentals.

Good Morning BP!

So I have about $19k stuck in a 401(k) account with a former employer. I'm fairly young, 30, so my investment allocation was 85/15 stocks to bonds. Since its inception over 5 years ago, my overall rate of return has been 5%.... not that stellar. I've been pondering on withdrawing the money and using the funds towards updating my personal residence in preparation for renting it out. I understand the tax implications if I do go forward with this but wanted to ask the BP community before doing so.

Thanks in advance for any advice/support!

Great work! What's color did you use on the exterior?

Sharad - good stuff buddy. I'm looking to do the same myself, keep up the good work.

Awesome post! Very informative

Hit quick reply to type QUUIIIICK TTTTIIIIP!

EVICT!

It can be done but it takes work. It's all about consistency and putting systems in place to make things easier, especially with a full-time W-2 job. Not sure about the markets around London but don't expect deals to fall in your lap right and left. You've got to stick to the grind when you're 3-4 months into your marketing campaign and still haven't done a deal yet. Again, its about consistency and systems.

Hope this helps.

On my way to and from work (1 hour commute). I think 45 minutes would be ideal.