As Partners, where do you invest your income for personal wealth creation ? Given independence requirements at most of the private partnerships - I assume real estate is a popular investment .

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Best of all pick one of the properties to be you retirement home and write off the improvements that you make as investment expenses

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Pretty basic. My model for Costa Rica is to find shore front properties that are off of the beaten path. I do the basic trend analysis for property value (5 year trend). I have a local realtor who scouts places and the. I visit. At the end of the day I know by the “feel” if it’s something that’s going to work. My market is primarily people from the US for the airBB stuff. Knock on wood! I’ve been doing this for 6 years and have bought four properties. I am in the process of selecting the 5th. Still looking.

Averaging 7-9 percent growth annually except for one property. I forced that one and it really hasn’t done anything worthwhile.

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I chose CR because that is where I want to retire. 6 MO the here (US) and 6 there. Very US friendly and stable economy and government.

Cash flow from covers the mortgages for the most part. I keep a 10 percent reserve incase I hit a problem with renting out or I have an emergency. My plan is continue to buy and rent out until I retire. Then I’ll assess selling properties or continue to grow. I don’t want more than 7-8 as I am not interested in managing becoming my new full time job when I leave our lovely consulting world. I’m still 10-15 years away from when I want to stop working. So far the plan is going fairly well.

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Real estate and the stock market. Mostly real estate Aruba and Costs Rica have amazing opportunities at an affordable price point. Air B&B is a blessing and you can reinvest the income into additional properties

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Growth is measure of property value.

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MD1 thanks for sharing. Will do once i move up the Maslow’s hierarchy.

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MD1 how are you doing your research / identifying properties?

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Md1 you rock!

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I didn’t go with a firm. I pay a husband and wife team who come around every week to the properties and do basic maintenance, clean, etc. for maintenance he sends me the bill. If the cost is over $500 us he contacts me and we discuss options. It works out well. I am pretty happy with the setup.

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I've never really understood real estate as an investment. An 8 percent return on a grossly illuquid asset - minus upkeep, minus mortgage interest... With the chance of terrible renters, a midnight problem to deal with, or a catastrophic loss. Why that vs diversified low fee index funds?

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Nice. MD1! I’m investing in pre IPO companies like Slack and Lyft

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Nice MD1: 👏 Great value appreciation. What’s your average net cash flow from a property in CR and why CR? Have you considered other locations?

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In CR you can get a really nice beach front in the 150-250 range. I intentionally avoided the tourist centered areas because I feel like it’s a different kind of renter. Also property and homes are cheaper. Aruba is similar. I am in the process of investigating there.

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MD1- what price range to be considered a good investment ?

What does 7-9% growth mean in this context?

MD1: One last question. Do you have a property management firm in CR you recommend?

What are you seeing for average price points for those types of homes in the beach ish? Did you consider anything else besides CR?

Honduras is also apparently very attractive but I do not know a lot about that place. I know a couple of people who are doing what I am doing there

Aruba is interesting. Any areas you’re looking at specifically ?

Any troubles securing financing?

Related Posts

Hi,

I am 25 and am moving to NYC for a job that will pay 200K TC.

This is my first time making like serious money, so not entirely sure how I should break up my spending.

What percentage of my income should be going to savings/retirement? How much should I spend on rent?

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How do you feel about subletting your apartment? I’ll be away for 5-6 weeks and don’t necessarily need that money but it would also be nice to just put it into investments. Or invest into new furniture. My bf is grossed out by that idea but we are not living together, so it’s not really his choice. How do I find a reliable person?

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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!

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For the partners/mds/directors etc how are you protecting your money with the new administration? I’m assuming Biden’s plan will help the lower class but for the upper class I’m sure there have been strategies your advisors have been telling you. I currently have 20k in savings and feel like it’s just getting inflated away.

funnylike

What price did you buy your bitcoin/litecoin/ethereum at? Have you sold any?

Can I ask at what age people are typically buying their homes here in LA? Wondering at what age people are able to take the plunge.

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Does anyone in here participate in a 529 for their kids? Is it true that you can deduct contributions from your state tax? If so? Is it 1:1? Trying to decide how much to contribute for maximum tax benefits. TIA!

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Besides working, how do you finance pros typically spend the weekend?

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Any one doing home mortgage with First Republic? Do they have conditions like rollover old 401ks with them?

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D 🐠, what was your take home in first year as principal? I assume you all get roughly 350 units and have to finance your buy in. What does that leave for your monthly draw? And after your insurance?

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Any great personal finance/investment books to read? Or even YouTubers/Podcasters

Really looking into expanding my investment horizons — particularly about learning about how to allocate my investment portfolio. Also, always nice to learn about better ways to save and cutback.

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My sons friend is looking to get into real estate . He is a junior at Indiana University. Looking for recommendations.

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Anybody else still procrastinating on their tax prep? My accountant sends polite reminder emails, but combing through my credit card statements to tally expenses is overwhelming. Help.

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Does anyone here have a Tesla? Should I do it???...

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My CSR is up for renewal in July, currently the fee is $550. I have ~140K points including the sign up bonus from joining last year. I don't have any other cards yet. How should I handle this? (contd)

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Has investing in your blog helped to bring in more paying customers?

likeuplifting

Is joining EPAM Anywhere as an employee risky due to Ukraine-Russia war?

EPAM's stock price was affected severely due to this war.

Am I just overthinking it? What do you think?

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Anyone get their stimulus check yet? Still waiting for mine.

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Is there anyone from Canada here? I’m looking for some information on working out of the country, but selling insurance.
Thanks

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We are going through a phase in the market where dev salaries are rocketing up, and we are VZI should not sell ourselves short and wonder where we stand.

Drop your band, YOE, base and total CTC below 👇

We should at least know if we are paid at par within the same company, we already know we are below the market.

I'll start - 6V, 6.8yrs, base 19LPA and total 24LPA

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Anyone know the salary range for Supervisor Customer Service at Fiserv? They just reached out and I have a phone screen in 2 hours.

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Open to a new role more focused in the tech industry. Have nearly 5 years working in a top 5 Canadian bank. I currently manage a commercial banking portfolio of roughly $100 million in annual commercial lending clients. Have experience selling and managing c-suite etc. Looking for a remote opportunity.

Need career advice. Trying to break into a finance role, preferably an Analsyt role but I have no transferable experience. I worked as a mortgage loan officer (which is sales) for 2 years after college, but since mortgage is such a niche industry, no hard skills transfer and have no relevant undergrad internships unfortunately. I know I can essentially get any sales job I want in finance IE: financial advisor etc. but don’t want to be stuck in sales forever. Any advice?

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FAR, what a pain..that’s all

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I have 4 years of experience. Ihave a job offer from cisco as Grade 6 software engineer with 17.8 lpa fixed, 1.34 lpa variable and 3 lakhs JB. I have another offer from publisis sapient with 21.5 lpa fixed and 1 lakh JB. Which offer should i take?

Bain & Company Hi fishes, I'm looking for jobs at MBB. Seeking referrals. Thanks!!.McKinsey & Company Boston Consulting Group Bain & Company

I feel like I'm losing perspective. I'm not grateful and think I really need to listen to others and ask for some perspective. Sober almost 16 years. Thoughts?

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This hurt me too much this morning

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Hi Professionals,

What are the chances of landing a job with another employer with 2years remaining on your H1B? I am a valuation services professional.

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Did anyone randomly get a $250 deposit in their account from the government? I think it’s a child tax credit but I don’t have kids. How do I investigate this?

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If you’re currently making 53K/yr and have about 1yr 1/2 of experience in X position and the company you are interested in says on Glassdoor that the average salary for your position is 80K, would it be valid to ask for that if you get the opportunity to get an interview?

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YESSS COME THRU COOLEY 🎊🎊🎊

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What type of job duties does one do in healthcare administration? Interested in healthcare but getting tired of consulting.

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Is olive the next theranos or what?

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Can somebody give me the link to ZS in India Bowl

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Currently an S2. Looking to exit into a VP position in industry. Doesn’t need to be F100, I’d be okay with F1000 I’m mainly just looking for a clear path to the c-suite. Is this doable?

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Anyone got perm approved recently? What was your priority date? Mine is EB2 and filed on September 17

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AFS manager salary? Interviewing now and would like to know what I should negotiate for.

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Do you think getting SQL/Python experience is worth the extra time for financial analyst roles coming from Big 4 tax consulting? I would love to hear any advice for shifting towards the financial modeling path from accounting. Thanks!

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Additional Posts in Partner One

I don't know if renaming bowls is possible, but it feels like "Ready Partner One" is a missed opportunity here 😁

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Looking for advice in context of being a EY SM that will be part of NewCo if it goes through. Would I be better off shooting for MD this year vs waiting 2-3 years for Partner?

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How do PPMDs make sure when you are replacing an incumbent, you don't get handed down a broken system ? What sort of knowledge transfer and contractual framework do you get the client to agree to and how do you negotiate on that? I feel clients are not always honest and hide a lot of landmines which a consulting company can walk into and blamed for it.

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Partners- At what point in your career did you feel like you had financially “made it”?

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If an employee files a complaint about workplace behavior, do you treat them differently? I'm faced with reporting an SM for bullying and finding it near imposible to believe that it won't (cont'd)

I got into a complicated situation with a senior manager before. At the time I was new to the firm, and it was my first time in a big city. I never really said no, and didn’t know how acceptable cont

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PwC is getting a lot of hate out there :(

For the Partners and really anyone in a leadership position: how do you motivate your people to take initiative? i.e. inferring next steps and taking action without waiting to be explicitly told to

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Joined my current firm because of my mentor referred me to one of his contact. I wanted to thank his contact for hiring me but was told by my mentor to stay low and wait for him to come to me. Cont.

Ey partners - does the form cover Amex platinum or airport lounge benefits?

Partners, what are must-have skills to become a successful partner? How would you recommend these skills be gained?

likefunny

How do you identify potentials in people?

Partners at KPMG, if you are pursuing a partnership, do you need to be an MD first? If not what are the key metrics defined at year end for potential partners to meet?

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Does anyone have any insight into 1st year partner compensation at Strategy&? What is base pay?

There's a huge perception from the staff levels that promotions are largely a popularity contest. Perhaps this is a lack of transparency in the process or just burnt staff. Is there truth to this?

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Big4 partners, do you feel the journey has been worth it when gauging by the variables of money, family, sphere of influence, and happiness? Or industry still seems more alluring? Thanks for your wisdom.

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How early in someone’s career do you generally identify if a homegrown person is partner material or not? M and up or earlier?

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PwC partners have any comments on the cohort model? A lot of complaints in PwC bowl arising from the disappointing adjustment and the constraints the model has imposed on career growth

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What % of partners (or partner-level employees) are let go each year due to insufficient sales?

Can we be real about the sacrifices partners need to make in their life to get and do the job? I'm trying to gauge if it's the right track for me.

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