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All Forum Posts by: Edward Synicky

Edward Synicky has started 2 posts and replied 328 times.

Post: Hi! New member from Venezuela, and currently based in Colombia

Edward SynickyPosted
  • Rental Property Investor
  • Yorba Linda, CA
  • Posts 336
  • Votes 69

@Alejandro Lisson Ramirez 

Welcome fellow Bigger Pockets member! This is a great forum and I am sure it will help you learn many facets of the real estate investment world. I purchased my first investment property over 40 years ago and only wish that I had a resource like BP community when I got started! So you are in a good company.

Some say that your net-worth equals your network, and this is the place to make right connections. You should also find investors locally and network with them face-to-face. Find people close to you using MEET feature, also look for investor meetings on Meetup.

All the best!

Post: New investor, but plenty of working experience

Edward SynickyPosted
  • Rental Property Investor
  • Yorba Linda, CA
  • Posts 336
  • Votes 69

@Justin Knapp 

Welcome fellow Bigger Pockets member! This is a great forum and I am sure it will help you learn many facets of the real estate investment world. I purchased my first investment property over 40 years ago and only wish that I had a resource like BP community when I got started! So you are in a good company.

Some say that your net-worth equals your network, and this is the place to make right connections. You should also find investors locally and network with them face-to-face. Find people close to you using MEET feature, also look for investor meetings on Meetup.

All the best!

Post: New to Bigger Pockets

Edward SynickyPosted
  • Rental Property Investor
  • Yorba Linda, CA
  • Posts 336
  • Votes 69

@Tom H. 

Welcome fellow Bigger Pockets member! This is a great forum and I am sure it will help you learn many facets of the real estate investment world. I purchased my first investment property over 40 years ago and only wish that I had a resource like BP community when I got started! So you are in a good company.

Some say that your net-worth equals your network, and this is the place to make right connections. You should also find investors locally and network with them face-to-face. Find people close to you using MEET feature, also look for investor meetings on Meetup.

All the best!

Post: New Member Introduction from Mesa Az

Edward SynickyPosted
  • Rental Property Investor
  • Yorba Linda, CA
  • Posts 336
  • Votes 69

@Alex Pereira 

Welcome fellow Bigger Pockets member! This is a great forum and I am sure it will help you learn many facets of the real estate investment world. I purchased my first investment property over 40 years ago and only wish that I had a resource like BP community when I got started! So you are in a good company.

Some say that your net-worth equals your network, and this is the place to make right connections. You should also find investors locally and network with them face-to-face. Find people close to you using MEET feature, also look for investor meetings on Meetup.

All the best!

Post: Just want to say hello

Edward SynickyPosted
  • Rental Property Investor
  • Yorba Linda, CA
  • Posts 336
  • Votes 69

@Jeremy Abramson 

Welcome fellow Bigger Pockets member! This is a great forum and I am sure it will help you learn many facets of the real estate investment world. I purchased my first investment property over 40 years ago and only wish that I had a resource like BP community when I got started! So you are in a good company.

Some say that your net-worth equals your network, and this is the place to make right connections. You should also find investors locally and network with them face-to-face. Find people close to you using MEET feature, also look for investor meetings on Meetup.

All the best!

Post: Orange County Meetup

Edward SynickyPosted
  • Rental Property Investor
  • Yorba Linda, CA
  • Posts 336
  • Votes 69

this is a great idea, looking forward to meeting everyone

Post: 401K loan

Edward SynickyPosted
  • Rental Property Investor
  • Yorba Linda, CA
  • Posts 336
  • Votes 69

so sorry @Steven Hamilton II I hit the reply button before I got your name in there.

Post: 401K loan

Edward SynickyPosted
  • Rental Property Investor
  • Yorba Linda, CA
  • Posts 336
  • Votes 69

@Bily Elliott

Another option if you qualify is to role your money into a solo 401k with check book control. Once your money has been put into the solo401k you can purchase real estate using leverage. A lender will want a 30-40% down payment as it is a non recourse loan, but it does let your retirement monies grow faster. Just make sure you do all of your due diligence.

I have been reading many of @? posts tonight on other topics, he is a wealth of information and I have found him right on in his comments.

Post: References for self-directed Solo 401K providers?

Edward SynickyPosted
  • Rental Property Investor
  • Yorba Linda, CA
  • Posts 336
  • Votes 69

@JOSE LIRA Thanks for the recommendation and kind words. I am here to help educate anyone that is interested and always encourage due diligence in everything investing. There are lots of good companyies out there to assist us all.

Post: solo401k real estate investing

Edward SynickyPosted
  • Rental Property Investor
  • Yorba Linda, CA
  • Posts 336
  • Votes 69

@Raymond B. Thanks! that makes it easier, great hint.

@JOSE LIRA , my friend and collegue @Dmitriy Fomichenko and @Steven Hamilton II pretty well covered it all.