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Buy a Toyota/Lexus and it will last more than 20 years. I usually buy used and keep cars for about 6 years

I bought 2 houses to rent in 2009 and in 2010 I was putting away 30% of my income in my 401k, I even sold my car to have money to invest in the houses l. I was 25 years old and kept going for 5 years and today at 36 in seeing the benefits. As the markets decline into correction today I am once...

I’m in Kern county which is about 45 mins north of Santa Clarita

Oh we are good , I always have a 1 year emergency fund stashed away. I have a few rentsl Properties so I know I could get s better bang for the buck else where however it’s the peace of mind and the feeling of accomplishment that will really impress my wife since she can call it HER home now.

Same here English is also my second language

California

Lol

Since 28 !! That’s a amazing and we got the house when the market crashed so that helped , now it’s worth almost 50% more

Hah nope , all our cars are Lexus or Toyota. I did sell the ISF and that helped pay the house off but the NSX will be mine one day but that’s after a while

You will get there sooner than you think. Great job !!!

36 years old: and delighted !!! I just wrote a check for 95k to my wife for her birthday, paid off the house after 6 years , it felt like a tough mountain to climb and we paid off 250k so house is finally ours. I want to acknowledge all the folks on this forum for keeping me focused and helping...

Did you get the explanation of benefits paperwork from the insurance yet ? It should show the max out of pocket obligation from the patient and I wouldn’t pay a penny over that because hospitals play games all the time and breach the max they get paid which is not authorized based on their...

Sounds like you are out of network and insurances cover ANY emergency visit regardless of where you go BUT youhave to be admitted otherwise they will not pay the bill

Stock market approach is very risky based on my allocation however my conservative side is the real estate and cash flowing

Thank you

Well I’ve decided to avoid the 401k loan as I read your inputs , it makes sense . So today I’ve adjusted my 401k to only put $ in to the matching 6% company match and will just save extra $ and use that to buy property. [emoji1431]

I didn’t mean avoid in general but putting off is more of the word I should have used.

I’m in the Central Valley they are still decent prices and I would buy with 50% down payment

Thank you all for your opinions , highly respected and gives me perspective [emoji123][emoji1431] MY PLAN TO RETIRE EARLY: Currently make around 72k a year as an employee , I would like to have about 4K coming in per month from passive income via rental properties, hence the 401k loan. Having...

The reason I would borrow is because I put pre tax dollar $ into the 401k so that 3 dollars taxed would be more like 2

That’s true but I’m borrowing from pre tax money therefore the payback would be from post tax money. So it’s not double taxation

I have thought about the 10% growth factor however those funds wouldn’t be available today and only add to the 401k which I can’t touch until I retire.

That reserve is for business emergency and peace of mind.

Yes I keep about 30k in reserves for matters like this.

How do you guys feel about 401k loans to fund a down payment for a rental property? Wife and I pay a good amount in taxes but I usually put away 30% of my pretax income into my 401k to avoid paying taxes in California. I then grab about 25k loan @ 3% interest which is paid back to myself...