All Forum Posts by: Shannon Allex
Shannon Allex has started 1 posts and replied 5 times.
Post: DFW Meetup! Weds June 29th 7:00pm

- Investor
- Mansfield , TX
- Posts 5
- Votes 0
Hi Sherry, My wife and I are new to the area and look fwd to meeting you on Wednesday.
Post: Help us Build a Better Mobile App!

- Investor
- Mansfield , TX
- Posts 5
- Votes 0
Post: Down payment for multifamily

- Investor
- Mansfield , TX
- Posts 5
- Votes 0
Post: Need some advice

- Investor
- Mansfield , TX
- Posts 5
- Votes 0
Thank you Brian and Elizabeth, this is going to be a little more difficult then I first thought. I have never been one to stop at the first road block,so I'll figure something out. I appreciate the time both of you spent on answering my question. I hope you had a wonderful Thanksgiving, and Merry Christmas to you Both.
Post: Need some advice

- Investor
- Mansfield , TX
- Posts 5
- Votes 0
My wife and I own a four plex and are in a deal now to have another one built for us. When that building is completed this spring, we will move into it. I then plan on cashing out my 401k and using my Retirement to purchase a couple of larger buildings, 6+ apartments each. My issue is, if I put the funds in a self directed IRA then all the profits have to return to the IRA, as far as I can tell. This is not a good option because we will need the profits to live on. I could also just pull the cash and leave what I have to for the feds, It will be a substantial amount, but I would have total control of what ever is left over. My question is, does anyone have any ideas that would help me retain a larger portion of my money, so that I can invest it in something worth while. Thanks