All Forum Posts by: Oscar Freiman

Dear all:

What are the pros and cons of Recourse lending vs. Non-recourse lending?

Thank you for your feedback

Is it better to start with single family or multi-family? I know this is a very broad question; so, to narrow it, if I have limited capital would SF be the first step to start?

Thank you.

@Dan Fisher. Thank you very much.

@Matt Motil thank you very much. I really did not think about the rollover availability. Great option.

Please allow me to show my ignorance, and my desire to learn. Currently, I have a respectable amount of savings in a managed IRA (not self managed), and I am putting 15% of my salary into a 401K every month. It is my understanding that, keeping this, depending on the stock market, bonds, etc., is not a good practice or the best practice to build wealth. So, in order to get into RE investment and grow what I have now, to be able to retire between the next 5-10 years, I'll appreciate your guidance.

Here are my questions/concerns, considering I am 61:

• If I take out X-amount from my IRA, I'll get taxed and lose a big chunk of the money. What is the best practice or recommendation to avoid losing a lot of money?
• Are there better options than a 401K, but still be able to save 15% every month to build savings for investments in RE?

Thank you for your advice.

@Gran Greene, thank you very much. Your advise is really good, and I appreciate it. Are there any specific qualities to look for in a mortgage/financial proffesional you would recommend to look for?

@Ray A., thank you very much. We are neighbors. Have you been doing investments for sometime?

Thank you very much @Mark Nolan

Thank you for your guidance @Dmitriy Fomichenko

Thank you Michael