All Forum Posts by: Olga Huxoll

Arghh, guess I do need that darn job. Just talked to somebody who is convinced real estate is about to bust again and there will be lots of good deals in about a year...

It does, Erick. Thank you!

Well, I am looking for a full-time job, but who knows when/if I'll find one. And we (my husband and I) do have some money we can invest. I was wondering if I should focus on this full time, but it does sound like I need to find that job first...

Thanks!

Hello,

I've been laid off, so I don't have any income coming in right now. So at this time, I am interested in both - creating income now and investing long-term. I was thinking about going into real estate investing, but then something occurred to me...all the stories I hear are about a long-term gain. Even if I buy a couple of rental properties now, the rental income will not cover all my expenses.

Am I missing something or are all RE investors working daytime jobs and doing this on the side until they have enough income coming in from RE? Anybody has a story where they or someone they know did this full time from the start, without a daytime job?

Thanks.

This is an old thread, but I still I am hoping someone will help me understand this. If I want to flip a house but don't want to do ANY work myself and plan on contracting everything out, do I still need to have a contractor's license? Or do I just make sure I hire licensed contractors? I am planning on flipping and maybe renting in VA.

Got it. Thank you, Brian!

Hi everybody,

I am new to this forum and real estate in general. I am trying to figure out what I can do with my 401K from a previous employer. I know I can roll it over into an SDIRA account. However, if I understand this correctly, I can't take any distributions from this account without a penalty, just like with 401K.

I can see how this might work if I have a job and I am simply using real estate as a retirement planning tool. But I am unemployed and would like to do both - create income and do long-term investing for retirement. So my understanding is that I can't do that with SDIRA. Sounds like that option work for those who already have income coming and are using SDIRA to grow their retirement funds. 

Am I understanding this correctly?

Thanks!