All Forum Posts by: Michael Jakubowski

Thank you all for your reply and the great information. It will be difficult, but I will make it work somehow.   There is a ton of great ideas and information here.  I would like to follow up with some of you individually where it makes sense.  When I moved back to NH from Texas in 2008, I did buy a 3 family and moved into one of the units, unfortunately, I am not in a situation where that would work for me again. As an aside, I regret selling that place every day.  

What are your opinions on raiding a 401K to finance real estate?  At least for the first deal?  in all honesty, I can only pull out ~25 K, but it's better than nothing.  

My name is Michael and I am looking to return to real estate. I live in New Hampshire, (a bit north of Concord), and work in Lexington Massachusetts, 70 miles one way. Regardless to say, the commute is killing me. That said, I am willing to travel for a deal, especially if I am working for myself. I dipped my toes in real estate investing when I bought a 3 family in Manchester in 2008. After a few years I got my real estate license to sell that and buy a home for me and my wife (my philosophy was why pay someone else to sell and buy when I could get paid doing it). Regrettably, I let my license lapse. I am considering getting it back.

I am getting very burned out with my job and the associated commute and I have decided fully commit to real estate investing. I know it’ll be a while before I can quit my job, but I know this is the right direction. I am reading and listening to everything I can get my hands on. That said, I have always suffered from “analysis paralysis” and been more of an observer. I’d like to go outside my comfort zone to get a few deals done, whatever they may be to build the confidence. I do not currently have a ton of liquid cash, but I would be willing to take out a loan from my meager 401K to finance a deal if necessary. I do have a bit of information overload at the moment. So I was wondering, hypothetically what would you do as a 40+ year newbie investor in my area (NH or MA) with very limited funds to get the ball rolling? Are there any investors in my area who would be willing to sit down for lunch or dinner (I’m buying) to allow me to pick their brain? Are there any investors in my area that need help on any aspects of their projects that I may work on?

Thank you in advance,

Michael