All Forum Posts by: Justin Windham

Hi, @Latoya Dixon! Welcome to BP! As you're probably already seeing there are so many helpful people and resources here. By the way, I was just in Simpsonville as part of a summer vacation in SC. Best of luck with everything!

Hi, @Palmira Angelova. Welcome to BP! There a so many people here with tons of knowledge they are willing to share. You've certainly come to the right place. By the way, I love Dropbox. :)

Hi @James Intriglia, welcome to BP. You'll find so much great information here and tons of knowledgeable folks in the Denver metro area.

Welcome to BP, @Jeremy Mitchell! Best of luck to you.

Hi, @Joshua Adler. Welcome to BP! You've probably learned quite a bit from your father. After being on here for a while, you can probably return the favor and share some knowledge with him. Best of luck to you both.

Welcome to BP, @Jeff Sharpe. You're right, it is a great community and we're glad to have you.

Welcome to BP, @Amber Jessop! I agree 100% with your statement about helping others and how it ultimately leads to your success.

Welcome to BP, @Derrick Best!

Welcome to BP!

I'm sure others will jump in here soon to give more guidance as to your strategy. Most would probably advise against distributing your 401k if that is what you mean by "liquidating" it. You may want to consider a Solo 401k plan for any retirement assets you have now such as your 401k. The right 401k plan will let you invest directly into real estate as well as other assets and/or borrow funds to use in your investing while still keeping the 401k in tact. There absolutely are tax advantages to having a 401k. You will likely see these advantages going away if you distribute the plan in the form of early distribution penalties and taxes being due on the distributed amount. I think what people (especially RE investors) often mean with a 401k being a "bad investment" is that they feel can make higher returns in real estate than they can in typical 401ks that have very limited asset choices. A 401k isn't really an investment, it's a tax-advantaged savings vehicle. The right 401k will allow you to make better investments that can return more on your money and still offer that tax advantage.