If you have a 401k, a balance out there, I would definitely consider moving into real estate.

And then I would say if you have a full-time career, you have a business, and you have a family,

and you don't have a lot of time but you have money set aside

I would say the best path for you is probably to invest passively however if you have a lot of time

you're single you don't have kids and you're looking to get in a real estate full time and do this actively,

well then I would say maybe caching out your 401k is a viable option for you because it's going to give you the experience needed to jump in and do

your first dealer too.

Welcome to the Rich Shummers Report where we talk real estate, business, and wealth building all while keeping it real.

No fluff, no BS.

I hope that you enjoy the show.

All right guys, welcome to another episode of the report today. I am Roland Solo

here in the studio and we're gonna do a little solo episode on the 401k

Iris system the good the, what I like, what I don't like, and how you can

use it to invest in a real estate. Should you use it to invest actively? Should you cash it out like what

I did? Or should you look to

invest it passively with other operators. So there's definitely some options out

there if you have a 401k or at IRA, but with that, let's go ahead and jump into it.

So recently there's an article that reported that the average 401k balance for Americans

between the ages of 55 and 64 is $256,000 and it drops off tremendously

as you get below that.

So between ages 45 and 54,

the average balance is 179,000.

...