All Forum Posts by: David Fals
David Fals has started 9 posts and replied 36 times.
Post: 401k contributions or Real Estate Investing
- Posts 36
- Votes 28
Quote from @Christie Gahan:
Quote from @David Fals:
Quote from @Christie Gahan:
What kind of self directed 401k options do you have ?
I do have a rollover IRA from one of my old employers where I can choose my investments and only have Roth and Traditional 401k as options from my employer.
I just researched and found out you'd have to put down a 40-50% downpayment using non-recourse lender. That's a lot for me, I'm a newbie to real estate and can't take this risk now.
Post: 401k contributions or Real Estate Investing
- Posts 36
- Votes 28
Quote from @Carlos Ptriawan:
Quote from @David Fals:
It's the end of the year and I am considering investing in a rental property as a first-time owner, who already owns a primary home. However, I am also thinking about whether I should max out my 401k like I did this year. The pros and cons of both options are driving me crazy!
max the 401k, but change allocation to bond. Bond would perform better than equity in 2024 big time.
Post: 401k contributions or Real Estate Investing
- Posts 36
- Votes 28
Quote from @Christie Gahan:
What kind of self directed 401k options do you have ?
I do have a rollover IRA from one of my old employers where I can choose my investments and only have Roth and Traditional 401k as options from my employer.
Post: 401k contributions or Real Estate Investing
- Posts 36
- Votes 28
Quote from @Alan F.:
Quote from @David Fals:
It's the end of the year and I am considering investing in a rental property as a first-time owner, who already owns a primary home. However, I am also thinking about whether I should max out my 401k like I did this year. The pros and cons of both options are driving me crazy!
IMHO If you're getting employer matching dollars, I'd take advantage of that free money. If you want to put away more for retirement I'd use a roth IRA. Real estate investing is a component of a well balanced portfolio.
Thanks for your comment. However company match is 50% max at 6%. It’s just how I have to wait until 59 and still pay taxes that worry me.
Post: 401k contributions or Real Estate Investing
- Posts 36
- Votes 28
It's the end of the year and I am considering investing in a rental property as a first-time owner, who already owns a primary home. However, I am also thinking about whether I should max out my 401k like I did this year. The pros and cons of both options are driving me crazy!
Quote from @Bud Gaffney:
Are you open to out of state investing? How about Detroit, Baltimore, NEW BEDFORD?
I'm new and can't wait to get my first investment property. I have always been scared of investing out-of-state. But it seems that's the way forward! Here in New Jersey, the price of MFH in Newark, East Orange, Irvington, etc, has tripled over the years, and its scary! $600-900k