I am 53 and retired at 50. 1 thing I did do to retire early was to get out of the 401K and IRA programs. Bought rental real-estate and I am now a Limited Partner in about 1500+ units from collabrative efforts in the fund my estate planner has me invested in. I do not work.

You guys need to quit interrupting each other. The poor lady doesn't know who to respond to. Let one person finish speaking first.

"I did something incredibly stupid once, it didn't work so I did it again and it didn't work again" You can't make this shit up.

The moral of the story is that there is nothing noble about taking money from your husband's 401k in the hopes he can retire early and then pissing it away on dodgey real estate deals, so he has to keep working even longer than he would have to rebuild his retirement fund.

A lot of people say "I can't sell it" when they mean "I can't sell it for the price I want". That's not how selling things works. You sell them for what they are worth, not what you want them to be worth. If you make a loss on it, you make a loss on it.

She had the nerves to talk her husband into allowing her to pull $ from his 401k and the deal FLOPPED. She had the audacity to do it AGAIN🤯

I live in Bham and she bought houses for $66K and $47K; there is no way you can flip that property and get $200K and be SAFE. I wouldn't pay that to live in Bham and I live in Bham. She tried to flip shacks, dilapidated properties, no one can get a loan or afford the interest rates for that area..

She used her husband’s retirement, failed then decided to do it again poor guy his wife is nuts, because what kind of wife does that to her 68 year old husband

She starts out basically blaming her husband. And then blames the realtor. Then blames you tube. On and on and on.

Learning from past mistakes is a skill that many people need to learn. Making a mistake is ok; to repeat said mistake is insane.

Flipping houses is mostly mind over matter. If you don't _mind_ losing money, then it doesn't _matter._

If you're gonna flip houses, I think you should... 1)Be doing it in your own town. 2)Be doing most of the renovations yourself. 3) Be your own realtor.

Get rich quick claims another victim.

Flip #1 $64,500 + 102,500 = $168,000...listed at $229,000, got zero offers in 4 months, it's overpriced. People that can afford $229,000 don't live in neighborhoods with homes selling for $64,000

This call is the headache that never ends.

Borrowing from your own 401K is almost as bad as taking out a payday loan. It should only be touched as a last resort.

This lady fell out of the stupid tree and hit every branch on the way down.

The caller is not capable of handling the family finances. That she obtains financial advice from KZfaq is the first clue. And she's clearly not cut out for real estate.

I have a very good income and contributing max to 401k and putting in my wife's roth IRA. I have so much cash on side lines until I can figure this out. I am 53 and needs to to make all this cash work for me so I can retire tomorrow.

Never ever do real estate in areas you don't know or properties you aren't keeping an eye on.

Soon as I heard "a year and a half ago so basically September 2023" I knew nothing smart was coming out of her mouth.

"we know nothing about finance or house flipping, what could go wrong??!!"

Poor husband will be working until the day he dies to fund her foolishness.😢

I see this constantly in North Carolina. All these people living out of state buying crap houses cheap houses that are undesirable. They spend $100k in cosmetics and try and flip for twice the costs. Well the folks who live here know the house is garbage and will start falling apart day one. The only folks buy this stuff are other people moving here that don't have a clue. Here is a PRO TIP# look up what the house last sold for. If it was sold dirt cheap and fast forward a year or two and it's double or triple the price.... RUN!!! AWAY!!!! Most of the "Flippers" have no construction experience. They open a LLC... Sell you the junk property. Then dissolve and close the LLC. Then they open a new one with the next "Flip Sham". When you come back in a month or so wanting something fixed....Guess What? The are no longer in business because that LLC is gone! Poof Gone goes your Money. Congratulations. You own the money pit.

Sometimes, I watch KZfaq videos about fixing up houses and renting them for income. Then I watch other youtube videos showing the aftermath of evicted tenants, or tenants who move out in the middle of the night, never to be seen again.

Back in my day they weren't called youtubers, they were called bs'ers. "Experts" who regurgitate other people's bad ideas as their own.

“Goodness gracious, unsubscribe.” 😂😅

This is the worst thing anyone could do!

We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some *Dale Valskov* Thanks for keeping us informed during this times of doubt?

Might wanna get on the *Dale Valskov* train, the proprietary nature of it deters me as a crypto enthusiast but also interests me as an investor

Money is not meant to control people rather it is meant to be put to work producing more money for you. You cannot build wealth without putting money in its rightful place

She listened to a youtuber who got her is this mess, then goes to another youtuber to help her get out of the mess

Thank you Jade for maintaining a neutral and tone during this conversation!

The efficiency of this *Dale Valskov* is next level. To juggle walk throughs of various angles on the topic delivered to-camera, differnet content per topic from various folks underneath the umbrella of the track list of the larger big band concert itself is engaging and refined. To make a dense taccess like this so digestible is really something. Awesome work jack!!

I bet this same thing happened with a seller I was negotiating with. Guy redid every room and was way overpriced, fired his realtor and did for sale by owner because he couldn't accept his home's value. I ran comparisons and offered at market value and he called it a "low-ball offer." Told my realtor I'd bet anything he has a HELOC and screwed himself over with his investment.

I did not believe that after the whole FTX drama there's any good to get this year but *Dale Valskov* proved otherwise. Bad timing maybe but it's a great adoption to get this more to the mainstream and raise awareness. Probably a high contender for a top 100 growth

*Dale Valskov* has the most potential to do more than X10. ETH and BTC will most likely do a X5-X6, but that's fine for me. Gotta look for better entry points while I stake IRIS and PGEN, then wait for Polygen's next raise as I also look at their new partnership with Kenzo Ventures

She borrowed against her husband's 401k so he could retire earlier...what?

It's amazing what you do *Dale Valskov* We need a lot of people with your skills and set who have good intentions and spread love

Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.

As a person and professional you couldn't get any better than *Dale Valskov* he is a very reliable person and an excellent professional in the IT field. He is the type of person you want to work that's passionate, hardworking and knowledgeable. You’re The Best 100%

Caller seemed surprised that you cant put money back into a 401k after withdrawing. No research.

This woman has no idea what she’s doing. I feel sorry for her husband.

Spent $100K fixing up a place she bought for $65K. That makes no sense.

Congratulations, *Dale Valskov* I am relieved that you are out there fighting these thugs, We musttake every precaution to protect the elderly and the general public from these despicable con artists. Congratulations to You!! You deserve the Nobel Peace Prize for ensuring our security.

Can't deny the fact that *Dale Valskov* is the strongest bet to bring power back to this industry after we suffered FTX, Celsius, Tera and so on. Sure if they fail it's done for good, but I don't see that the biggest tech company in the world would put everything at risk just for that.

She lives in Boston, MA and was convinced to buy a home in Birmingham AL by someone else. I am wondering about the following 1. Did she pick the real estate agent herself or did she trust someone else? 2. Did she pick the home she was buying or did she trust someone else? 3. Did she have the home inspected and who picked the inspector? 4. Did she pick the contracts to fix the homes up or did she trust someone else? It sounds like she was completely taken and I would bet the money used to fix up the homes went into someone's pocket.

She didn't do ANY research herself...always check the area...and don't invest so far away from yourself. The idea that everyone can 'win' in real estate is a fantasy...and scammers sway fools like this woman to think they are able to make boats of money using skills they don't have.

Making a mistake is bad, but making the same mistake using the same logic is ridiculous

Why on earth would someone living in Mass. buy a house in Birmingham. Guess she doesn’t know the housing market in Birmingham. Geesh.

I see those flipped houses all the time on Zillow. They all use the same flooring, same countertops, same everything, you can spot them easily. Basically the whole thing is done in gray! They may update things, but the people doing them over don't live there, I've heard people say they stay the hell away from flips. Its just a money grab, and if its bad quality, and things don't work a few months later, then too bad. Frequently they are in a bad part of town as well. This one may be in a bad part of town besides being overpriced for the area.

Poor husband now has to work years longer. Probably until he’s in the casket.

Wow. I am blown away by this presentation. I was an insecure 49 year old on SS in January 2018 when I started buying Bitcoin/crypto. Everyone though I was irrational. Most still do. I put my income in every month and watched the value drop each month but for some reason really believed in Bitcoin and alt coins/blockchain even though I don't totally understand. Finally, the crypto market started turning around and I am astonished at the value of my crypto currency portfolio today. I engaged in active trading and managed to grow a nest egg of around 2.3B'tc to a decent 27B'tc....At the heart of this evolution is Kerrie Farrell, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment....

So many mistakes here. He paid income tax on those distributions. Then this year, with that money out of the market, they have missed tremendous gains. And she says that part of the reason for was to pay down a mortgage that was probably at around 3% APR. Then there is the whole misguided real-estate flipping. Man, he needs to take back the reins from his wife.

I need a Xanax just listening to this lol

Many people can make a lot of money doing this. But they KNOW what they are doing. They do not withdrawal money out of retirement accounts to do it and they have some idea of the market they are in.

Flipping houses is extremely difficult. You have to know how much it will cost to renovate a property, and how much the property will sell for once it has been renovated. It takes a lot of construction knowledge and substantial real estate sales knowledge. A group of qualified individuals (one construction expert, one real estate agent, one banker) might be able to make it work, but the average person can't do it alone. I know a few people who have gotten burned financially trying to flip houses.

1) Gets burned on bad idea. 2) Thinks, "Hmmm, what should I do?" 3) Gets burned AGAIN doing EXACT SAME THING. Right.

My brother did that with over 500k, inherited from my parents. Bought the worst properties in a town that, at the time, had the highest unemployment in the country (about 20 years ago), a small town in Ohio. He lost everything. He was sure he was doing the right thing, buying property, and going to have rentals. People couldn't even afford cheap rent in that town and they all needed major repairs. He lost it all. He couldn't see the forest for the trees.

This call makes my head hurt

Dumb hubby gave her keys to the retirement cookie jar.

She was not helping him retire, she wanted to make some money

At $68k he only had $80k in his 401k. Nobody is retiring on that.

I like how they always don't consider all the fees associated with selling a house. "It's worth $168,000? You can sell for $180,000? Well you'll still get profit" not really,lol. After realtor fees, title fees, etc etc. they are way too "oh easy just do this and you're outta debt"

I really wish KZfaq would show these get rich quick schemes when they go so very wrong. Unfortunately the algorithm promotes success and those are the stories people want to see - so the stories of success are the ones that are heavily promoted and pushed to the top. Then you get people seeing these videos and believing there is no chance of success

Id seperate for that. She not only did that, but blames everyone else but herself. She doesnt sound remorseful at all. You get a good idea of her whole character just from this call.

I live in Birmingham Alabama. I flip houses in Birmingham. I see many out of state investors buying in our market and losing money. Some make money. Flipping is hard and it’s not for everyone. I would like to say this though, most successful real estate investors started off losing and learning from that. It’s not necessarily fair to tell people to give up on their dreams. I came close to losing it all early in my career and I kept pushing through until I figured it out. 26 years later and 1500 flips later im so grateful that I never gave up. I’m not Dave Ramsey rich but I’ve done really well. My advice would be to buy in your area and learn that market very well. Buy right, rehab quickly and list it at the right price. LETSGO!

Greed wins again.

HDTV is not 100% real! People watch those shows and they make flipping houses seem like a cake walk. If it was that easy everyone would be doing it.

Why would ANYONE think this is a good idea?

The worst defense of your actions ever is “KZfaqr said it would work”.

I have 2 rentals just like her and they have been wonderful. I could sell them both profit nicely. Where this person went wrong was 2 things. 1. Dont buy remote unless you are experienced locally, imo like 5 or more properties that are successful under your belt. 2. Sounds to me like she put waaay too much money into a birmingham alabama flip. Small money place gotta keep your budget small.

Not all, but most tubies will lead you to ruins. Like 99.9% of em

The average house in Birmingham alabama is 132,979 and avrage income is 25k with high property tax and high income tax. Most eveyone rents there. Your not getting 230k for a hose inless your in a fabulous area and seeing as its a flip its probably in a bad location so you will be lucky to get 100k for it.

"Some guy on youtube told me to." Sheesh.

It's not the interest rates. it's the price, that is why it isn't selling.

If it was that easy, everyone would be doing this. 😬

It always amazes me how folks make such complex decisions when just basic investing usually has good results.

It took me six months to find a contractor I felt comfortable with for a project eight miles from my home. Can't imagine trying to do a rehab project 1,000 miles away in a town that I had zero connections with. This call reminds me of the old punchline "We're losing money on every sale, but we make it up on volume."

I really wanted to hear her answer Jade's questions but George kept asking more questions directly after Jade! Let the woman answer!

I won’t say never get into real estate again. I will say learn from your mistakes.

I'm favoured, $22K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.

Borrowed against a 401(k) for a high interest loan. I don’t think you can help people with judgment like that.

A friend of mine flips and rents - he pays cash or uses a credit line.. has a WHOLE TEAM to help him - this isn’t easy

Been watching Graham Stephan huh? See how that worked out.

They all start with" i bought a house for an investment "

We were looking to move some time ago. My wife heard of a bargain basement price on a house in the city where I was working. She wanted me to go by and look at it. Maybe we could scoop it up, fix it up, live there a couple of years and take a ton of equity with us? When she gave me the address, I knew. I explained the reason why it was so cheap. And that we would be better off taking any money we would invest into it and light it on fire. Fortunately, she understood.

Jade and George are talking over each other way too much in this call. Peppering her with competing questions and comments. One person needs to take the lead on a call like this and lead the questioning while the other listens and just adds in thoughts later in the call or something.

The house is overpriced ….

If a house cant sell you either A) did a terrible job fixing it up OR B) bought in the worst neighborhood that only rents.... AND why didn't they just lower the price to 195k or something???

More likely they did not have the house retail ready. Flipping is hard. Retail buyers are PICKY. You cut any corners and it won't sell or you have to sell it for 30% less. So, if you are flipping for the first time be careful especially with a 12% gun to your head hard money loan.

She should buy 1 more house. Third times a charm. 😉😛

Insanity is failing once, repeating and expecting another result.

Another underlying issue here: a 68 year old guy with well under $100,000 in his 401k who was nowhere near retirement. She got dumb ideas and he let her throw a Hail Mary. I wonder if they’ve been doing this stuff for years or just spending everything they made. How somebody could be in desperate trouble in this situation while still having over $50,000 on the ask-cost spread in the unliked house is wild to me. Just start dropping the price and get out with nothing worse than some time lost plus maybe a few couch pennies

I’m an agent in Missouri, when she said Bham, I already knew that wasn’t gonna work for the flip opportunity.

I’m dying to know that KZfaq channel lol

Why would anybody get into the flipping game right now? Prices and interest rates are too high. Of course nobody bought your flip.

Crazy thing is on AM radio and on late night TV there are "experts" hyping doing this crap to more people!

What are the odds the KZfaq channel has referrals to the loan officer, the realtor, the construction crew, etc.

I’ve got some oceanfront property in Arizona to sell this woman. What a putz