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

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  • Опубліковано 22 жов 2024

КОМЕНТАРІ • 40

  • @TheGreenlove87
    @TheGreenlove87 2 роки тому +10

    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 Рік тому

      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?

    • @albertmatunda5387
      @albertmatunda5387 Місяць тому

      You invested in wrong stocks.

  • @MimiMhair
    @MimiMhair 4 роки тому +6

    I love people with solutions

  • @prepper83
    @prepper83 4 роки тому +4

    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.

  • @rebeccastephens6447
    @rebeccastephens6447 3 роки тому +1

    Thanks for the marriage and family counseling session! The money tips were good too.😊

  • @adamleitmanbaileyp.c.1133
    @adamleitmanbaileyp.c.1133 4 роки тому +6

    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 роки тому +1

      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

  • @LEADEXECUTIVE
    @LEADEXECUTIVE 4 роки тому +2

    Very timely discussion. Thank you!

  • @Modeling0216
    @Modeling0216 4 роки тому +2

    I really wanted to know about this topic so thanks

  • @GeedyGroveTx
    @GeedyGroveTx 2 роки тому

    This is extremely useful information. Loved it

  • @BernadetteR-h9u
    @BernadetteR-h9u Рік тому

    I think i am a little dense..should i take out of 401k and buy real estate?

    • @GarrettGundersonTV
      @GarrettGundersonTV  Рік тому

      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 Рік тому

      @@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 😊

  • @jojo90s4
    @jojo90s4 4 роки тому +1

    Very good topic

  • @MetalBum
    @MetalBum 4 роки тому +1

    Did it thanks man real estate

  • @lionheart93
    @lionheart93 4 роки тому +4

    The Joneses couldn't keep up with me.....

    • @MetalBum
      @MetalBum 4 роки тому

      Ok what’s your net worth bro

    • @lionheart93
      @lionheart93 4 роки тому +1

      @@MetalBum just 10mil :(

  • @samuelmontero8229
    @samuelmontero8229 Рік тому

    His 100% right. I lost $105k from a 100-dollar investment and now I am starting from nearly 0 dollars

  • @lionheart93
    @lionheart93 4 роки тому +3

    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 роки тому +4

      He’s smart

    • @lionheart93
      @lionheart93 4 роки тому

      @@MetalBum yup and cheap

    • @GarrettGundersonTV
      @GarrettGundersonTV  4 роки тому +2

      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 роки тому

      @@GarrettGundersonTV high end espresso is such a great life-quality enhancement.

  • @MetalBum
    @MetalBum 4 роки тому

    High life

  • @W2Capitalist
    @W2Capitalist 4 роки тому

    Love it!

  • @t2mniu
    @t2mniu 4 роки тому +2

    👍🏼

  • @richeandujar
    @richeandujar 2 роки тому

    Who’s the woman in this video?

  • @lewieanderson6579
    @lewieanderson6579 3 роки тому

    No you should not buy real estate right now, prices are too damn high and too many squatters

    • @alexs5394
      @alexs5394 2 роки тому +2

      and theyre even higher now. jealous of people who bought last year :(

    • @TheGreenlove87
      @TheGreenlove87 2 роки тому

      @@alexs5394 oops.