All Forum Posts by: Juan Lopez

Hello guys:

I wanted your opinion on my intention of cashing out my 401k and Roth IRA account to use the money to buy real estate. I think real estate market has better opportunities at the moment and more potential in the long run than the investments in the funds I have in the accounts. I'm planning to use the money to buy my primary residence (not my first property) and so I will be subject to 10% state taxes and 10% penalty. Other than monetary consequences, arr there any other consequences with the IRS? Does my thinking make sense? What is your opinion here? THANKS FOR YOUR TIME.

Let's plan a meet up. I am available on the weekends! 

If you guys have another network event, let me know. I would love to meet u guys! 

Hello all:

As you all probably have already seen, interest rates have gone up in the recent weeks. Im in the process of getting a new property. Im getting it with a  conventional loan. However, I got a called today saying that I had to pay a fee to lock that interest rate. I had no other option due to my debt ratio. Now, I dont understand why they say my debt ratio has worsen when nothings has really changed. This is my second property I buy. I didnt have to pay anything to lock my interest rate on that first property. They say that I have to pay nevertheless, now or later. It could be more or it could be less. What are yalls thoughts? any feedback is appreciated.

Hey Guys, ive been in miami for 8 years now. However, im kind of new to real estate investing. I would love to meet you all and network. I already own a couple of properties here and my home country. looking forward to hearing from you all soon,

Juan Lopez 

Hello all:

I am kind of new to Real Estate Investing and I live in Miami and would love to extend my network. 

Hello @Chris Mason @Steve Olivier C.. Thank you both for your input! 

Hello all:

Question. If I currently own two properties that I rent out and I used conventional loans to buy them, could I still use an FHA loan or any other low down payment loan to get a property for house hacking?

Thanks

@Ryan Seib thanks for the post man! all this information is very useful, specially for me that im learning. 

Thanks @Beatriz Goudie. I appreciate your response. I am still waiting for the call from the zoning department!