40 plus owns one house , rented second one and saving account 150k cash, maxed out 401k and 50k in stocks should I buy another investment property or put in stocks to diversify

like
Posting as :
works at
You are currently posting as works at

Where are these houses and how much revenue will they generate ?

Current rental house I am saving 300 per month after all expenses in very good neighborhood so appreciation is great. But I am not able to find similar house so if even I buy second investment home I might not get any monthly income out of it but I don’t need money for next year 10 years or plus so I am not worried for short term gains as it’s difficult in Austin given current market situation

Maybe do some more research on investment properties before you make your decisions. You need to understand how to analyze your property to understand if it's a bad/good/great deal. If you're not making any profit on it, it's most likely a horrendous deal. I can't speak to the $300/mo without know all the details (purchase price, interest rate, taxes, cash down, neighborhood, etc)

I've been doing a lot of research my self. I've started so far with biggerpockets.com and talked with my realtor who also buys rental properties. The analysis is key, key, key.

It’s not only like that in Austin lol

I would find a house to possibly flip or purchase a rental.

Related Posts

Which is better Fractal Analytics or PWC India in terms of learning, career growth, wlb, other benefits for 8 year experience in data engineering?

like

Moved to the Indy area with a remote job 1.5 years ago and have loved it. Wife and I plan to stay for the long term with a growing family. I’d like to change jobs to something local. I’m currently in healthcare consulting and looking at pharmaceutical companies in the area. Anyone work for Eli Lilly, Roche, etc. that would be willing to connect or answer some questions?

like

Financial advice: 26, 120k, NYC. Although I'm saving, feel like my money isnt growing. advice? 12% to Roth 401k, some $ in index funds/mutual, $1,500+/month to high growth savings. TIA!

like

Can a non audit KPMG employee outbof the Charlotte office get an auto or home loan from Wells Fargo? Or is that restricted due to independence?

like

For any of you real estate investors, what tools or sources did you learn from when getting started. Can’t find a mentor currently so want to find some highly recommended books or videos. If focused on the tri-state area (NY, NJ, Long Island mainly) that would be even better. My hope is to buy and rent out a apartment while also owning a house and house hacking that by renting part of it out. Trying to understand all the steps, traps, and how to find if it’s a good investment.

like

What's your savings rate and net-worth?

My gym charged me for April but they’re closed... have you guys called your gyms to get your money back?

like

What kind of financial analysis do you do in corporate development? I’ve done lots of ROI models for P&L reductions and benchmarks on balance sheet metrics and wondering if this is enough...

What is the maternity leave policy of PWC and for how many children it is available?

like

Alright let’s be real... buy sell hold GME, AMC, BB, NOK tonight? (Looking for more than “to the moooooon!”)

like

I’ve been in and out of GME puts making money on the rise in price. Yesterday bought contracts for Mar exp at strike price $6 - made over 1k today. Entry price was .22 per contract. There are a lot of different ways to profit from the meme stocks. Trade your plan.

like

Thoughts on Webull investing app? Saw an ad saying they give two free stocks for new accounts.

like

How does the investment declaration work at cognizant? Can i declare only 80c for now? Or even hra or loan details can be declared now itself with valid proof? I read somewhere that these details have to be declared in November with documents. Can anyone help in this?

like

Favorite resources (books, YT videos, podcasts, etc.) for beginners looking to get into personal finance? Looking for something easier to consume so I don’t get disinterested

like

Suggestions for a stock index fund to dump a chunk of cash into and hold minimum 2+ years, maybe longer term?

like
like

Best practices for funding a home into RLT if there is an existing mortgage? What type of deed? Title insurance considerations? Thanks

What’s a good way to get buy in from non-sustainability oriented clients into the benefits of spending into more sustainable practices (they are always penny pinching so it’s borderline e impossible).

like

Does anyone else find that even though the cannabis industry is booming, budtenders lack basic benefits like decent pay, healthcare, PTO, vacation, maternity leave? My company was acquired recently by a much larger company and they considered my pregnancy a “pre-existing condition” therefore I got nothing for maternity leave although the prior company had pretty much accepted my claim. There’s much more but I’m pretty disgusted in this industry.

like

Dividend/income stocks you like?

A few i am in right now. IEP, CODI, BTI

More Posts

Get upto 100% of your TDS as Refund in your desired bank account .
Due date for filing (ITR returns) for the AY 2021-2022 which reflects your transactions during April 2020 -March 2021, is on 31/12/2021.
File now to get rid of penalty for delay returns
Here we will e-file your IT returns
▪️▪️▪️▪️▪️▪️▪️▪️
Are you new to ITR filing???.... no Worries join and get our help to clear your queries

📲 8985907244

Hi,
I’m currently working as Selenium with Java QA tester. Looking to pursue agile CSM certification. Will it be helpful for career growth and for which Roles can we apply with Selenium Automation and Agile CSM certified. Suggestions will be helpful

Who is back in the office full time, 5 days per week?

like

Anyone dreading when this pandemic would be over? Working from home is such a nice change to all the unnecessary noise

likesmart

I accepted a post-clerkship offer to work at the NY office of a V20 law firm before the salary raises. My new firm has already matched the new Cravath scale. Should I wait for them to send a revised offer letter, or inquire on my own?

like

Anyone know what number to give for employment verification for ex-AFS employees?

like

Is San Francisco in a housing bubble?

like

How far did CFA take you? Is it respected within IB? Would love to know if it was worth it for everyone

like

Hi Fishes,

I have selected below stocks for long term, please suggest?

Duration:10 years

Post Photo

Just looked at my hands and thanked them for being diamond

likefunny

What’s the most useful/important piece of constructive feedback you’ve received as an associate?

like

Does anyone from the northeast regret moving to Miami? I’m from NYC. Mid 30’s, single. Don’t know anyone in Florida except for 1 friend in Orlando. Trying to get a gauge of how things are down there before I move.

like

Ladies (and maybe gentlemen),

How many cat calls/unwanted interaction from random man on the street you get on a weekly basis?

like

Find it funny there are senior managers, VPs and even partners in this bowl...Can imagine some advising f500 execs and then hopping into a broom stall panicked asking if you should dump your Trx stash

like

Hi! Anyone at Wealthsimple who would be willing to refer me to a technical role? Happy to chat and share my background as well, thanks in advance!

like

Is there any firm doing work in Pricing & Contracting space for MedTech companies? Please share a few examples (if possible)

like

The treasurydirect website has a super annoying process to add a new bank account. Do you think they'll change it anytime soon?

like

Hey all, does anyone know what is the promotion increment from manager to senior manager in big 4 (particularly Deloitte) and the salary range for SM

like

Hi Fishes,

I got offer Letter from infosys 2.5 months back, now when I am trying to decline the offer by sending a mail to HR, it was not getting delivered as HR left the organisation 1 month back, I forwarded mail to feedback team of infosys but still got the mail from onboarding team with joining details and WebEx link, kindly suggest how to proceed in this case.

funny

Just bombed my BCG final rounds ✌️ Will be hardstuck T2 for the foreseeable future 🤓

like

Additional Posts in Personal Investment Chatter

What are some of the worst investing choices you've made? I want to learn from mistakes. Both action and inaction.

Examples (not applicable to me):

Action - Bought ARKK, sold during covid crash and bought back in higher, buying whole life insurance

Inaction - Didn't invest back in 2008, not funding your 401k

like

Outside of 5/3 (already have an account), recommendations for checking accounts that are offering a sign-on bonus?

like

What HYSA are you using and what rate are they offering?

like

Tons of dips today, are you ready to:
💡 stonk shopping
💙 selling off
😆 holding/have other plans

funnysmart

Former gov staffer, should I move my TSP to another account? If yes, where/how?

Heard it was good to leave it there because of the possibility of returning to govt.

like

I am not much of an investment pro so please go east on me.
My 30 year mortgage APR is 2.75%
I can get an annuity for 10 years at 3.25%
There seems to be a 0.5% arbitrage opportunity when I compare but I don’t know how do I get an advantage of this? What do I do?
Single mom, MCOL, senior manager.

like

Any clue how much credit score might be impacted by closing one card and opening two within the same month? Net available credit would increase by 10k and I’m currently sitting at 785 credit score.

Any recommendations for funds offered by PwC for 401k? The target funds have good returns but vary of the 0.16% fees.

like

Should I look to buy a condo now?

like

Any thoughts on current market? I am hearing more chatter about liquidating investments, specifically, qualified funds and moving to either fixed income funds or straight out of the market? Also, what are people thinking about non-qualified money? All thoughts welcome!

like

How would you spend $200k cash at the year end? I have emergency fund, investments etc, so dont need the liquidity. Been evaluating rental condo-duplexes - but unsure if I should wait for the slump

like

Anyone have a Chase Sapphire Preserved credit card referral code? I’m looking to apply.

like

If my firm stopped 401k matching, can I just stopped contributing and save cash

funny

Thoughts on best (preferably free) credit cards? Thinking of opening another. I've only ever had these:

- Uber (used to be 4% cash back on dining; they've since updated this to 5% uber cash. I never use uber so I let this card expire)
- SavorOne from Capital One (unlimited 3% cash back dining & entertainment; 2% groceries)

I mainly spend on dining, groceries, gas, and online purchases (amazon, target). Maybe travel when things calm down but not right now.

like

Hi all - figuring out loan options. Does anyone know if it’s better to choose:
A.) a longer term loan with a higher interest rate and overpay each month (0.5% higher interest, ~300 less in payment each month)
B.) a shorter term loan with a lower interest rate and meet the monthly payment exactly

Or how to calculate the better option?

like

Holy shit, the markets are loving this press conference

likeuplifting

I recently changed jobs and my new 401K provider - Principal has very limited MF investment options. My prior employer’s 401K was managed by Fidelity and provided me access to a range of MF options. I believe that the fund options are negotiated by the employer and provider? Two questions. First - I have not rolled over my previous 401K to the new one. Would there be any problems. Second - is there a way I could move my current 401K to another (precious) provider?

like

Thoughts on INSEAD, Bocconi and LSE MBA’s?

like

How do you get your spouse to sign a post-nup?

likefunny