All Forum Posts by: Russell W.

Thanks for the feedback guys, I'll take this into consideration

When determining the value of a 3-4 unit property, which is more useful- the Gross Rent Multiplier or the Capitalization Rate? What do you guys prefer? Why? 

I'm looking at listings to practice "running the numbers" ahead of doing my first deal and am interested in how you all determine an offer price. Thanks for the help!

Was wondering if anyone here has withdrawn funds from a Roth IRA as a qualified distribution for a first time home purchase. Would love if you could share your experience.

-How did it go?

-What was the process?

-Did you end up paying any penalties, ordinary income tax, etc?

Any info is appreciated! Thanks

Hi all, I am new to the forums but have been browsing the site now for a couple months. Hoping to get some opinions/advice on a question I've been mulling over.

Over the next 15 months I will be saving for the first time purchase of a home (owner occupant, 3 flat). From what I have read, I will be able to take $10,000 out of my IRA as a one time distribution towards a first time purchase. Awesome! So I'm looking to raise another $10,000 towards a down payment.

Here's my issue; currently I have about 10k in student loans that I am paying off at about 5.5% interest. My question; do I try to pay these off as aggressively as I can, and first pay these off before saving towards that down payment? (I figure I cant get 5.5% in return on savings). OR, do I just make the minimum payment on the student loans and save the remainder of my excess money towards the down payment?

Any help is appreciated!