Has anyone invested in a rental property before a primary residence? Any experience with roofstock or REIT? I’m single, 30, and live in LA so a down payment on a decent home would take years

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

Yep, invested in a multi-unit prop. Live in one unit and rent the others.

Don’t need a primary residence since I don’t have wife / kids. Also doesn’t make much sense to pay rent on an apt or mortgage on personal home if you’re traveling.

Tenants pay for most of mortgage (I pay small fraction since I’m living in one unit, but otherwise would be cash flow positive). By the time you’re ready to buy your primary residence, you can sell and use the built-up equity to purchase.

likesmarthelpful

Bcg1, would you mind sharing some numbers? Specifically: CoC, rent ratio, cap rate, purchase price, built up equity, years owned? Thank you!!!

You’re throwing away first home buyer breaks buying a rental property first btw

D1, can you share more about your friends and their experiences with that?

I would like to do the same.

Related Posts

Assuming that I'm okay with a salary of 70K and more, and that I really don't want to work at a law firm. Is it going to be difficult for me to return to law with two years of experience and one year working in a legal adjacent role.

like

How can you land a job with a coding bootcamp background?
I just finished fintech bootcamp with UM and I’m trying to land a job in data analysis what advice can you give me ?

My Hinge profile references wanting to be a DINK (I figure IYKYK) but also clearly states "does not want children" ...

And yet I get so many responses from dudes who ask "what's a DINK" with profiles that clearly state "want children"

I just want to throw my phone down a sewer.

like

Hi fishes,

I have got my Infosys offer letter. But i was expecting more hike depending on my current CTC.
Do you guys think that they would revise the offer?

like

Hi I'm working as a data engineer and having 1.4 YOE with current CTC as 4LPA, what will be good time for me to switch and how much CTC should I expect?

Whoever said employers don’t care about grades and transcripts after your first job was a liar. Every lateral position that I’ve applied to as a 3rd year has requested transcripts. Why do we lie and tell grads that employers don’t check transcripts when they do. My coworker, a 5th yr, had to submit his transcripts also to lateral job. Side note - it speaks volume when multiple associates are trying to lateral at the same time

like

An oldie but a goodie

Post Photo
likefunny

Hey anyone work in house for a brand? If yes how do you work with the brand team? Is creative a part of the brand team or works along side it? I’d love to hear!

like

Hey EY folks, please suggest. How is EY GDS advisory services for data science domain? What kind of role expected from senior consultant 3 or AM? How are the projects? EY

like

I started a job 6 months ago that has been remote because of the pandemic, but eventually will be in office. I’ve changed my mind and want to be permanently remote. Do you think it’s too soon to change jobs or should I wait till a year?

likesmart

Any minority recruiters/HR who can truthfully confirm if checking off an ethnicity when submitting a job application matters or is it better off to mark "Prefer not to say" for a better chance of getting follow-ups?

like

Recommendations for how to allocate 401k with Fidelity. Just switched jobs and have to move from Merrill Lynch to Fidelity

like

Anyone have any idea what bonus (%) usually looks like for a first year C?

like

What would you say is a reasonable number of cases per number of staff in a PI firm? What number is manageable and what is a number you would say is going into the realm of malpractice. For example for about 150 cases I know of a firm that has about 3 attorneys and 4 support staff. But some have 400-500 with 2 attorneys & 1 support staffer. What are your thoughts or how many cases is your firm currently handling?

like

I’m looking to expand my font collection, but I don’t have an exorbitant budget. I saw a post here where people said they had collections of 1000+ fonts—someone had 14k, lol. Where do you guys look for fonts? I have Adobe fonts and use Google fonts and Future fonts, but are there other resources for reasonably priced fonts that don’t break the bank? How much do you tend to spend?

like

What is the average of a salary per hour for a dental assistant here in va ? I here everyone is making 30per hour around this area ??

like

hi
i am looking for job in consulting

like

How did you know you were drinking too much?

like

Additional Posts in Consulting

Leaving my first job - how to do it?

Option 1: Email my manager/director/partner, ask to have a call, give notice on call? (What if they're unavailable that day or ask to speak next week?)
Option 2: Email my manager etc, and resign in the email?

Context: I really respect them and have a decent (though not close) relationship with them

like

Any recommendations on a good office chair below $500?

like

we had a pre prep call (PPC) to prep for an important prep call, and now we need another PPC. when would the effing work start? FML

like

Thoughts on Infosys Consulting? Any experiences?

like

How does severance typically work when you get fired? Is it a lump sum?

like

many of us couldn’t live at home during or after college, and after working, graduated with debt. If you finished ugrad with student loans, how much in loans, what’s your current age and net worth

like
like

Hours real talk. I've always been very "bill what I work" so that means light weeks I'm destroying my own utilization/billing initiatives instead. Meanwhile peers bill 40-45 regardless. Am I an idiot?

like

has anyone participated in the MLT program? looking into it and would like to learn about the overall experience!

like

I just found out I was promoted… in October. In November, my project ended and I was told I’d be fired if the client didn’t have another role for me. Am I crazy or is flip-flopping like this kind of ridiculous?

like

I'm looking to pivot from consulting into tech. I've gotten lots of interesting from tech companies on the ops side but am much more interested in product management.

Any advice on books or courses to help make the transition? I'm struggling to land PM interviews at companies that aren't tiny startups :(

like

🏠 Is anybody in California ( preferably L.A area & Southern California) looking to sell their Condo? I’m willing to buy within a week.

like

Book recommendations. Your favorite -
1. Autobiography/Biography
2. Self Help
3. Financial Literacy
4. Non-Fiction (not from 1,2 or 3)
5. Fiction
Go!

like

Can you pay for Invisalign with your HSA?

like

Has any of you had any luck joining another firm as a partner while not being one at your current firm?

like

Best/Top Consulting firms in Miami?

like
like

What are typical backgrounds for people who go into product management at FAANG companies?

like

I can't stop thinking about work.

like

Anyone wonder what clouds feel like

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal