I would put more in your 401k or open a Roth IRA. The 37k is probably enough or maybe too much for an emergency account and so the $1000 after tax per month could be put in other areas. The PF wiki could be helpful!

Research a single target retirement fund:

https://investor.vanguard.com/investment-products/mutual-funds/target-retirement-funds

Do you like customer service jobs?

I wondering how liquid your investment is. Who do you sell it to when you want out or need cash for a large purchase. what if the "onco" wants to sell all? what if the "onco" dies, who is his successor.

so much risk and you have no control.

I would never do that. I suggest to sell and just by REIT mutual funds from Vanguard.

Do you have any other choices or is this your only choice?

You can call and ask, but don't get your hopes up. It's your responsibility to make sure checks you're depositing are good.

And the fee is $12. They withdrew the amount of the check because that money isn't in her account, so they can't give it to you. You will never see that again. The most they might do is refund the $12.

You can try asking them as a courtesy to waive the fee. That’s about all you can do.

I would not withdraw from my retirement accounts to buy a house. I would apply patience, save up the cash for the down payment.

"leveraged asset": no, i do not think so.

Okay so look into REIT's. That is a way to become invested in RE market without having to own any RE outright. There are private and public REIT's. Do a lot of research before you invest, learn how the income you get will be taxed. Learn how you sell your share and what are the restrictions on selling them. It's not a panacea, and generally the first step for individual investing.

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I think that the investments are not very diversified. It is OK to start. Learn more and diversify (small, mid, large, value, growth, some international, some REIT)

Be cautious in seeking “holy grail” investments. Anyone who says they have provide consistent cash on cash returns of 10%, I personally would avoid.

Dividends/distributions are not the most efficient return vehicles. You would be better off selling shares periodically than seeking dividends.

That’s fine. At some point as you get older, you’ll want to diversify beyond 100% stocks, but okay at 28.

Yes those funds are okay. Low fees and well diversified.

You’re missing some nuance and your math is off, but yes (kind of).

First, don’t confuse penalty free with tax free. If you withdraw $10K from a Traditional IRA for a first time home purchase, while you don’t have to pay the 10% penalty you normally would, you do have to pay income taxes on the whole thing. So you wouldn’t actually net $10K.

Your math is also off. To figure out how big of home $10K supports if that’s a 3.5% down payment, divide $10K by 0.035. The answer is $285K, not $350K. 3.5% of $350K is $12.250.

There are closing and ownership costs too. Maintenance, property taxes, home insurance, etc.

Finally, houses don’t always go up. In fact, many people are currently worried about home values going down. Leverage is great if you can use the bank’s money to make money, but not so great if you lose money. You still owe the bank their money even if your home loses value. Historically, home prices have risen a bit faster than inflation over the long term, but not as much as stocks and financial investments. So the money you’re taking from the IRA probably would have been earning more where it was.

So there’s a grain of truth to your thinking… but not nearly as favorable as you think.

REIT mutual funds.

You want to stay liquid...

Start with buying a TDF and start reading/learning by exploring the wike (bottom right of the screen). There is a lot to learn, but hey it is your money.

Read the Investing section of the PF Wiki:

• https://www.reddit.com/r/personalfinance/wiki/index#wiki_investing

Alternatively, pick a Vanguard Target Date Index fund corresponding to your anticipated year of retirement.

You may find these links helpful:

• General Information on Rollovers
• 401(k) Fund Selection Guide
• Retirement Accounts
• "How to handle $"

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80% of the advice here is basically “stay at home and eat ramen.”

Commenting for two reasons, neither of which answer your question sorry

1. I want to see what others say

2. Frankly this post throws a lot of red flags that this is a scam or pyramid or similar - but you don't have to convince me otherwise. I just hope you've done your diligence.

You moved to be somewhere walkable but won’t get rid of the car you state you can’t afford?

Makes sense, I live in a pretty HCOL of living city and do like going out with friends. Going to try to scale frivolous expenses back a bit in 2023, but can’t move a ton of other expenses around

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> Am I wrong for being excited by the prospect?

Quite possibly. You didn't say anything about your current credit rating, income, outstanding debt, emergency savings, etc.

I would also say that if you have to withdraw from retirement in order to make a 3.5% down payment, you are PROBABLY not in a position to purchase a house.