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I recently interviewed for L7 EM at Google and had 4 great interviews and one not so great system design. I submitted external referrals all of which gave great feedback. The recruiter said the next step is team match/interviews and then the HC. Anyone in a similar situation? What was the result? Google
when Work >>> Life 😅

“We had complimenting genitalia.”
Interviewer : Why do you need this job?
Me :

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Can I get a commercial loan without 25% down?
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Not sure 5 months is enough to say it’s an easy way to passive income but sounds like you’re off to a good start.
Subject Expert
I agree with D1’s sentiment. I bought 2 properties in 2021, and definitely would have made more money with less headaches investing in the S&P 500.
Subject Expert
How long ago did you buy those? Overall, the real estate market has changed a lot over the past 18 months. I’d be impressed if you bought them recently.
Just be sure to save for major capital expenses and vacancy. A leaky roof in the middle of winter or a dead AC unit in the middle of the summer can kill several months or years of cashflow if you haven’t saved accordingly.
Subject Expert
The percentages I gave you were from gross rents.
If your rent is $950 per unit per month, 10% assumes that you’ll have about 5 weeks of runway to get it leased back up before dipping into reserves. If you have 3 reliable tenants and that safety net gets up to around 3 months worth, then maybe you dial it back a bit.
For CapEx, you can adjust based on how recently major systems have been replaced. If your roof, HVAC, plumbing, electrical, and flooring are all less than 10 years old, maybe you dial it back a bit. But if they’re more than 10 years old, you’re looking at a potential $5k to $10k repair at any point in time. And those repairs are basically guaranteed to hit at the worst possible time (roof will go out in the middle of a storm, AC or furnace will go out the hottest or coldest day of the year, pipes only seem to burst at 3am, etc…)
Coach
Where can you get 4 units for $150k. I assume those are $950/month each.
Right, so, where are yours? Let’s not get precious with the intel
If this is all on point, then your cap rate should be at like 25%, which is ridiculously high. I'm not sure where you can buy a unit at 35k and rent it at 1k per month, but youv'e found a sweet spot.
Nope. 35k per door