Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Armand P.

Armand P. has started 78 posts and replied 120 times.

Post: Leaseholding in Hawaii

Armand P.Posted
  • New to Real Estate
  • San Mateo, CA
  • Posts 127
  • Votes 12

Hello,

I came across a listing in Hawaii for a condo that is currently tenant occupied. I want to know what Leaseholding means and pos/neg for RE investor. I've read about Fee simple and to my understanding this is a better of the two

Thank you!

Armand

Post: Just getting started....

Armand P.Posted
  • New to Real Estate
  • San Mateo, CA
  • Posts 127
  • Votes 12

Hello,

I'm back on BP after a break from having a new born. I'm a native of the bay area and a home owner. My passion/interest has been real estate investing. I am looking for RE agents who are savy and expert in helping me come up with varies strategies in order buy investment properties for passive income. I'm most interested in small mulit units/4 plex that are tenant occupied and have a real good cash-flow. I am also looking for properties in Sacramento so if you have any listing please let me know. I also am seeking someone who has indept knowledge/ experience in figuring out the best way to buying an investment property i.e HELOC, HML, self-directed 401k/ira conventional loan?!

Thank you,

Armand

Post: Updating my W-4

Armand P.Posted
  • New to Real Estate
  • San Mateo, CA
  • Posts 127
  • Votes 12

Hello-

Trying to figure out how to update my W-4 for both state and federal. I'm a home owner and unmarried paying more than 50% of the costs for myself and other qualifying individuals who I live with. 

My question is based on the guidelines would this make me eligible for Head of Household? If so, where would I put this info and do I need to update both state and federal? I was told to fill line A and line D and H would be the total of the too. 

So under line D it says # of dependents does this also represent # of qualifying individuals? 

Thanks!

Armand 

Post: Advice for my retirement plans

Armand P.Posted
  • New to Real Estate
  • San Mateo, CA
  • Posts 127
  • Votes 12

Hello-

I recently started a new job and seeking some advice on structuring my retirement accounts. First, I have a 401K set up at 8%, however, the company is not matching at this time. I've also enrolled in the ESPP at 5%. And lastly, I contribute $200 a month into a Roth Ira. 

Here is what I am thinking: Increase my contribution to the Roth Ira and lower my the contribution to the 401K to 5-6% since company is not matching. Possibly increase the contribute for the ESPP at the next open enrollment period. 

Lastly, are target date investments the most conservative options for someone who does not spend a lot of time researching? 

Thanks,

Armand 

Post: Adjusting my w-4

Armand P.Posted
  • New to Real Estate
  • San Mateo, CA
  • Posts 127
  • Votes 12

Hi Mark-

I rather get more money on my paycheck throughout the year vs. getting a return at the end of the year. Nothing has changed, but when I filled out the W-4 at the new job I noticed that the state was 4 and federal was 1. To my knowledge it should be federal 4 and state 1 or am I wrong?

Post: Adjusting my w-4

Armand P.Posted
  • New to Real Estate
  • San Mateo, CA
  • Posts 127
  • Votes 12

Hi-

I just started a new job and trying to adjust my W-4. In my previous employment I was claiming head of household. I am a home owner and pay more than 50% of the household expenses. My question is what line do I make this adjustment? I've read that it would be in line D (number of dependents) but just want to make sure. Also, would this still allow me to be "head of household" eligible come tax time?

Thanks,

Armand 

Post: Self Allocated VS. Managed

Armand P.Posted
  • New to Real Estate
  • San Mateo, CA
  • Posts 127
  • Votes 12

Hi Mindy-

Thank you for the advice! I enjoy reading about value investing and how he made his earnings! He is one of a kind and we all ideal to be like him.

So, if I choose to leave my existing 401K with Fidelity I can ask to have 10% go into ST gov bonds and 90% into low cost S&P 500 index fund?

Just to be clear I should not elect to go with the Fidelity Manager account right?

Thank you!

Post: Self Allocated VS. Managed

Armand P.Posted
  • New to Real Estate
  • San Mateo, CA
  • Posts 127
  • Votes 12

Hi Trevor-

What you think about a fund like this?

https://fundresearch.fidelity.com/mutual-funds/summary/315793885

Post: Self Allocated VS. Managed

Armand P.Posted
  • New to Real Estate
  • San Mateo, CA
  • Posts 127
  • Votes 12

Hi J Bread-

Thanks for responding. There account manager is through Fidelity and they aren't offering any matching at this time (but in the process of implementing it soon). So, what I may do is roll the old 401K plan into a IRA and pick a similar diversification that will change over time as I get closer to retirement age. Open the new 401k and pick a similar fund and put 5-10% into the new company stock as well...

They also offer employee stock plan so I will look into that too...

Post: Self Allocated VS. Managed

Armand P.Posted
  • New to Real Estate
  • San Mateo, CA
  • Posts 127
  • Votes 12

Hi Trevor-

Thanks for reaching out. It seemed as through the FA was trying to get me to switch over to a management account. So, you think roll my current 401K into my existing ROTH IRA or would this be a traditional IRA and choose a low cost commission free index fund?

Also, I will be setting up a new 401K with new employer but they wont be matching. Should I just continue making regular contributions to this once it's set up?

Thanks again I had a gut feeling that managed account would cost more

Armand