A friend purchased an investment property for long term rentals last month. The property is a 2B2B condo in a good location in NJ worth $300k+. Some additional $150/ month as HOA. The property will rent out at $2500 monthly per current rates. In the current market where the rate is around 6% over a 30 year period. I do not see how this is a good investment. Am I missing something?

Question, if you pay off your house isn’t a 100k salary more than enough to sustain a good lifestyle? My goal has always been to payoff my mortgage then find a really easy analyst role to sustain my expenses. Assuming I’m a director/VP by the time my mortgage is paid off I’d probably be able to do an analyst 40hr week in like 10hrs. Esp at some of these low expectation companies. What do y’all think about this plan?

Has anyone used Loan Cabin to refinance? They seem to have the best rates.

Thinking about using my VA loan in a few years. Any advice?

Think Covid is gonna get out of hand in the few months. Any stock recommendations in light of this?

Will mods hurt the resale value of a car? I'm considering selling my daily and am debating on whether or not I should put the effort in to return it to stock.

Thoughts on Transfix? Anyone invested?

Guys I'm confused, do we have an IRA account with PwC or is it just 401K?

How much have you saved from refinancing your student loan?

If planning to buy my first home in next 1-2 years, what should I be doing now leading up to the purchase e.g. things to boost credit score?

Which app do you use to buy stocks? Is cash app safe or should I go the old school route of Fidelity or Charles Schwab?

If I leave big law for ADA will I get canceled?

Thoughts on buying pre-construction homes in markets that are popping and flipping selling them when construction is complete?

My uncle does this (he’s a realtor) and usually gets 2-3x return. Obviously there is huge risk because property prices can change a lot in 1-2 years, but at the same time the upside is hard to ignore.

Anyway I protect myself against the downside risk? (other than loosing my down payment)

How to transfer PF fund from hcl to epfo if i was a non pension member???

Anybody still holding off on 2022 backdoor Roth for potential policy reasons? Or no longer concerned?

Has anyone thought about retiring right now? How much would it take you realistically to feel financially secure enough to do it? Age 55 and ready to be done.

I work in sf and Nyc and have now saved enough where I’m wondering if it makes sense to buy rather than rent an apartment as an investment. Tricky part is I’m still quite young and this wouldn’t be my lifelong/family home. Have also considered buying in less metropolitan areas and renting them out for passive income. Curious if anyone’s gone through this process before and have thoughts ?

I will be moving to Australia from the US in a couple of months. I was wondering what would be the best way for me to transfer the money in the US bank account to Australia? Also what are some of the good banks that allow opening of accounts when the individual is not in Australia? Thank you for the help!

I have a townhome I want to rent out and wanted to see if there would be any interest here for a furnished townhouse (just main things like bedframes, sofa, dining table, bar stools etc). Most property managers are saying people wouldn't go for furnished, but I think it might be helpful for someone who doesn't want to move stuff or buy stuff. Wanted to get opinions from this bowl as the property is in Denver - thoughts? It's a 3 bed, 2.5 bath in a nice neighborhood.

Does anyone know how to roll options in Fidelity’s app? Recently moved from TDA to fidelity

What am I supposed to do with a firms mandatory pension notice? $6B... okay, seems good 🤷🏻‍♀️

Or am I supposed to actually pay attention to something specific in the notice?

Is there a reason why my company would need to file perm for me if I'm on L1A? I started with L1B in the US and then switched to L1A after promotion to manager.

I started a full time in-house design job that pays extremely well. I barely have to work at all. This makes me very confused since I kept hearing stories of people working 60+ hr weeks as designers at ad agencies. I am not complaining, but I have this creeping irrational feeling that I’ll get fired for not working even though there’s nothing for me to do. Should i be making up projects or asking for more work? Or just chill out? I just feel very confused. Are a lot of full time jobs like this?

Any recommendations on women’s watch (or mens watch with <36mm case size)? Style can be any as long as it’s automatic with a clear case back. Budget is ~$5000-$7000. TIA!

Need like for completing profile. Thanks.

Hi,
Only hdfc bank accounts can be given as salary account in Pwc AC ? Is it like that?
I have Axis Bank account.

Thoughts on Media.Monks legal department?

Guys need 10 likes to get started with, thanks a lot

To all the insurance underwriters, what do y’all make/ YOE/ carrier?

I got variable pay of 1 lack, two times after April's appraisal (so total 2 lack). I didn't had variable component mentioned in offer letter, but it was showing up in hr portal. Now payroll people are calling me and asking me to return the 1 lack saying it was done by mistake. What should I do?

How should one properly calculate total comp? Base + bonus + stock options? Should you only include options that vest that year or include the total $ granted that will vest over 4 years?

So are the layoffs at Deloitte over ?

Hi fishes,
Looking for a job change in sales industry, currently working with byjus and having to much toxic environment these days due to layoffs . Kindly recommend .

Non-tech person here: does anyone know how to download salesforce icons that can be used in PPT?

I have a technical screen for pwc. It’s salesforce techno functional role. Any insight on it? This is my first interview/anything similar besides my current job.

I have cleared 1st round of technical interview in Mphasis and was told next round will be managerial round any idea what kind of questions can be expected

Im SC3 at EY Advisory, MBA non IT. Got an offer from D for SC3 at S&O for 135K no sign in bonus in top tier city. The recruiter says experienced hires don't get sign in bonus. BS. accept the offer?

Hi guys
This is moulana working in Amazon as a investigation specialist

I made a joke about my ex getting hit by a car
2 weeks later it actually happened
To be honest, I don't really care

Hi Fishes @ PayPal. How’s the job security at PayPal? Are there frequent layoffs till L25?

Has anyone used Loan Cabin to refinance? They seem to have the best rates.

Thoughts on buying pre-construction homes in markets that are popping and flipping selling them when construction is complete?

My uncle does this (he’s a realtor) and usually gets 2-3x return. Obviously there is huge risk because property prices can change a lot in 1-2 years, but at the same time the upside is hard to ignore.

Anyway I protect myself against the downside risk? (other than loosing my down payment)

Is a sloped floor of 1/2” over 10’ noticeable? I have to make room for conduit and cannot trench in my current place

For those that built higher end homes, what kind of appliance budget did you have?

If I’m a Real Estate Agent buying my own property, can I negotiate the Buyers Agent commission to be 0% instead of being paid the buyers commission? Essentially converting what would be Income into Cost Savings for tax purposes?

If you living currently in a home and looking to buy another home but plan to put only 10% on the new home, can I pay the remaining 10% after selling my existing home in 1-2 months .. and get the PMI

I'm under contract for a new build in progress that won't be done until much later this year. I fully expect interest rates will be higher than what I originally estimated. I may or may not try to lock in a good rate early, but I'm planning on renting it out and this throws a bit if a wrench in my margins. I can take it financially, but wondering, If I absolutely needed to get out of buying it, what recourse do I have? Or could I go ahead, and refinance later (who knows rates at that time...)?

What's the best city in UK to buy a buy to let property, with best returns?

Having trouble selling my (retired) dad's house. It needs a lot of work, but has great character. What if I buy it myself for a low, low price? Then I would be able to get a FHA 203k loan to do the updates. Rent it out or put it back on the market in the spring.

Anyone punched out of state 4-10 unit apt building? How did you find the listing?

Finally got an offer accepted on a home I love! (In DC) Spent months searching. Next thing is getting to the closing date.

Now I feel super anxious about everything going thru and getting the keys. How difficult is that process of getting to close, have heard the underwriting portion could be a headache?

How do you judge a low ball offer with how the market is changing? Earlier this year, you would look at comps and say this is the value. Now with rates going up and people pulling out, how do you justify the value? (View point from the buyers end)

Any investors in the woodlands Texas for single family homes, rent looks good as per Zillow , good school district and houses are still affordable compared to Dallas and Austin

What do you all think of fundrise and start engine Real estate Reit ? Any experience? Would you invest here if you didn’t have the time to actually buy and rent properties? Any insight is welcome.
Thanks

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.

I recently bought my 1st home in TX. I want to get into real estate and eventually own/rent out multiple homes. Are there any good recommendations/tips on books/articles/websites that others have used to get started?

I've read about HELOC and cash out refinance to get a 2nd home but articles are so scattered that it gets confusing which is better in terms of tax benefits and immediate costs, etc. Anything others have found helpful that summarized how to get started would be great!

Who is still in denial about a housing correction? The Fed just made another .75% increase. Powell said they won’t stop until inflation is 2%. He also said a recession would be better than the consequences of unchecked inflation. He announced he will bring rates to a “restrictive level” until “the job is done”. He said that labor demand needs to soften (ie: layoffs). He very explicitly said he wants to slash demand and that housing needs a “correction”.

Do you thank your tenants for paying the rent? A quick thank you text?

Can I get a commercial loan without 25% down?

28 year old with ~125k in cash/brokerage. Have been wanting to begin purchasing rentals but anxious to use a good bit of my liquid savings. Thoughts on biting the bullet vs. investing in stocks. In Houston if that is a factor