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Should You CASH OUT Your 401k to Buy Real Estate? / Ask The Money Nerds 

Garrett Gunderson
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7 авг 2024

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Комментарии : 39   
@TheGreenlove87
@TheGreenlove87 2 года назад
I put 45k into an IRA account. It’s 36k today. I bought a home for 165 and put 15k down it’s now worth 345k and I live it it. I wish I had used the money for real estate investment.
@Eserr7856
@Eserr7856 Год назад
What if the homes value drops to 135k? Are you confident it will bounce back ? Doesn't the same apply to 401k and stock market with the ups and downs?
@MimiMhair
@MimiMhair 4 года назад
I love people with solutions
@GarrettGundersonTV
@GarrettGundersonTV 4 года назад
YES
@LEADEXECUTIVE
@LEADEXECUTIVE 4 года назад
Very timely discussion. Thank you!
@GarrettGundersonTV
@GarrettGundersonTV 4 года назад
Thanks.
@rebeccastephens6447
@rebeccastephens6447 3 года назад
Thanks for the marriage and family counseling session! The money tips were good too.😊
@richeandujar
@richeandujar 2 года назад
2mins in and saw this 😂
@Modeling0216
@Modeling0216 4 года назад
I really wanted to know about this topic so thanks
@GarrettGundersonTV
@GarrettGundersonTV 4 года назад
You are welcome
@W2Capitalist
@W2Capitalist 4 года назад
Love it!
@prepper83
@prepper83 3 года назад
Is there something specific that I need to say to my brokerage to pull funds from my IRA? It sounds weird that I’m having to “ask” for “my money” back...Also, I’m only 37 y/o.
@GeedyGroveTx
@GeedyGroveTx 2 года назад
This is extremely useful information. Loved it
@GarrettGundersonTV
@GarrettGundersonTV 2 года назад
Glad it was helpful!
@jojo90s4
@jojo90s4 4 года назад
Very good topic
@GarrettGundersonTV
@GarrettGundersonTV 4 года назад
Thanks.
@MetalBum
@MetalBum 4 года назад
High life
@adamleitmanbaileyp.c.1133
@adamleitmanbaileyp.c.1133 4 года назад
Great discussion, a 401K may seem like a better investment, but a real estate purchase can assist in your long term investment portfolio as well
@MetalBum
@MetalBum 4 года назад
Real estate you can use personally. It’s not just a number on a screen. So you can actually live in a. Beautiful estate versus $1m in the bank. Use it
@MetalBum
@MetalBum 4 года назад
Did it thanks man real estate
@GarrettGundersonTV
@GarrettGundersonTV 4 года назад
You are welcome.
@t2mniu
@t2mniu 4 года назад
👍🏼
@lionheart93
@lionheart93 4 года назад
The Joneses couldn't keep up with me.....
@MetalBum
@MetalBum 4 года назад
Ok what’s your net worth bro
@lionheart93
@lionheart93 4 года назад
@@MetalBum just 10mil :(
@user-sr5kp7ch6s
@user-sr5kp7ch6s Год назад
I think i am a little dense..should i take out of 401k and buy real estate?
@GarrettGundersonTV
@GarrettGundersonTV Год назад
Well. I'm not an investment advisor anymore so I can't say yes or no. Are you good at real estate? How is your 401k? Are you getting the cash flow you want from your 401k?
@bernkev1
@bernkev1 Год назад
@@GarrettGundersonTV Well we have 3 residential properties that we've successfully rented for the past ten yrs or so. I recently quit my job so need to do something with 401k (132k). Was thinking either Roth or another rental. I dont know/understand about "cash flow " question. I am trying to learn more but need it explained on a 5th grade level 😊
@richeandujar
@richeandujar 2 года назад
Who’s the woman in this video?
@lionheart93
@lionheart93 4 года назад
My friends makes 500k and never eats out, nor buys coffee. He hates Starbucks lmaooo which is understandable, but still he can't spend $5 on coffee ever.
@MetalBum
@MetalBum 4 года назад
He’s smart
@lionheart93
@lionheart93 4 года назад
@@MetalBum yup and cheap
@GarrettGundersonTV
@GarrettGundersonTV 4 года назад
I am an amateur barista. I love intelligentsia coffee/espresso. Worth the price for me, enhances quality of life and great for when I am writing- preferences.
@fizeekpoaster
@fizeekpoaster 2 года назад
@@GarrettGundersonTV high end espresso is such a great life-quality enhancement.
@samuelmontero8229
@samuelmontero8229 Год назад
His 100% right. I lost $105k from a 100-dollar investment and now I am starting from nearly 0 dollars
@GarrettGundersonTV
@GarrettGundersonTV Год назад
100k or 100 dollar?
@lewieanderson6579
@lewieanderson6579 3 года назад
No you should not buy real estate right now, prices are too damn high and too many squatters
@alexs5394
@alexs5394 2 года назад
and theyre even higher now. jealous of people who bought last year :(
@TheGreenlove87
@TheGreenlove87 2 года назад
@@alexs5394 oops.
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