All Forum Posts by: Sienna Parker

@Mike Terry great insights! So you relocated your 401k to be self-directed or you took out a loan from it?

Thanks for advice @Kelsey Tanner! I'm either looking to do a house hack in my local area (Oakland, CA) or SFR rental in Philadelphia with my sister. Where are you currently investing?

@Andrew B. Very true, didn’t think of it this wya. Thanks!

@Shane Cummings good advice! Thanks

Hello everyone! Amidst these uncertain times I’m assessing my savings and investment plan and strategy.

I joined the workforce almost two years ago at a company that does 401k matching 50¢ to every $1 up to the federal limit. Putting 20% of my paycheck, I’m able to max my 401k and get an additional ~$9,500 from my company with their match.

However, I also want to save enough for a down payment to buy my first property as soon as possible. I could save a lot more if I wasn’t contributing as much to my 401k. Yet my company’s match is basically free investment money (equivalent to ~10% of my salary) that’s hard to give up.

What would you suggest I do? Keep my contributions or allocate more to liquid cash for real estate investment?

@Jonathan Girard thank you! This is a great insight. Though lot rentals are quite high. Do you rent out mobile homes too?

@John Slater thanks for info!

Hi everyone! I’m pursuing a deal for a triplex that’s currently being rented section 8 and rental increases haven’t been made in 10 years. I’m trying get an estimate of how much comparable rents are for 2bd, 1bath in the Oakland-Emeryville area.

For those who own these units, how much are your rents?

It is an older property (built 1958) and a triplex rather than an apartment if you own something comparable.

Thanks!

@Rian Ash thanks so much for these insights!

@Rian Ash thanks for that information! I’m also looking at raising rents for an investment opportunity that are significantly under market value.

Do you have advice on what comps are best to send the validate FMR?