I am currently living in my parent’s house, which I will inherit when they pass. They have retired abroad. I have been considering investing in real estate for a long term or short term rental. 100% of my investments is currently in the stock market and cryptocurrency. My neighbor’s house is up for sale. Would you pay market value for the convenience of managing a property a street over? It’s in a popular location where tourists want to stay at. That is why short-term rental is an option.

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

What’s the cap rate on the home at market rates? Would it be cashflow positive?

I wouldn’t pay a premium just to buy a rental property that I could drive to. But I’m fully comfortable owning out of state rental properties that cashflow well.

helpful

Why would you rent it out at $2k per month if market rents are $2,400?

Do you plan to STR or LTR? Those are two very different strategies. STR has a lot higher start up costs and requires a lot more effort and work, thus the increased revenue. Also, STR’s have much higher costs (utilities, cleaning costs, consumables, breakage, etc.) so even at the higher revenue number, your cashflow may not be better.

Yes!! Managing a property that is close by is the right move.

Also, to avoid inheritance tax, get your parents to gift you the house now.

We’ve considered putting the house in my name. Where I live, they freeze the property value for property taxes after a certain age. In the area I live, property values increase ridiculously every single year. Also, my parents have a ridiculous discount for homeowners insurance and car insurance under the same house. We looked into how much it would cost if everything was under my name and it was going to be quadruple what my parents are currently billed and I pay. I’m saving close to $20k a year by keeping the house in my parents name.

Related Posts

This week, I received a letter in the mail from a Catholic church in SC. So apparently my ex is trying to get our marriage annulled. We have been divorced for 20 years now. The letter said they wanted to ask me general questions about our marriage. I really don't want to talk to anybody about my past relationship with my ex. The letter said they could issue a subpoena to make me comply. Not sure why she is doing this? She remarried and had a child. So not sure what she has to gain by this? Cont.

like

Do you normally go out with your bosses and discuss personal lives (family/spouse/new baby)? I’m joining a small team and they invited me out to dinner and discussed these, but I’ve never connected with any previous boss/colleague to this extent 🤨

like

Has anyone started a new job while expecting a child? I'm thinking about it but could use some input from people with experience.

like

Hi All! For those that have had HSGs/saline sonos done, did it mess up the timing of that cycle? I’m going on 2 weeks after my period was supposed to start (and am not pregnant) and frustrated because my doctor is waiting on my period to start in order to start with IVF. Thanks in advance for any insights you may have!

like

Help!
Planning on moving to London from New York for with 9mo baby in January. Would love some advice on the following topics:
1) Areas to look for affordable housing in a good area - potentially 2bed within the 1500 range?
2) would you recommend owning a car or would public transport be sufficient?
3) How does child care work (nanny/daycare)?
4) Is there an option to hire help for regular cooking, household chores, etc? If yes, what are the prices charged?
5) how does pay work with a transfer?

like

Honestly, I’m done with covid. I’ve done all I can do, the rest is in God’s hands. Come at me telling me about how I don’t care about anyone but myself, x y and z. I quarantined, masked, vaxxed. What else can I do? I’m going to start living life like it’s 2019 again.

likeupliftingfunnysmart

I am 31 and trying to conceive since 2 months. My mom had early menopause when she was 39 or 40. I am bit worried and my family doctor said she can transfer me to fertility specialist as I have such Family history.

I want to try conceiving naturally for 6 months before I meet a fertility specialist. Should I be really worried about my mom’s condition? Should I meet fertility specialist right away?

like

Anyone done Certified Technical Architect program here ? What was your experience? How difficult it is to do with a full time consulting job for a single full time parent?

like

Is it bad that I don’t think my friend’s baby is cute? 😬

likefunny

Hello! I just started freelancing after 12 years of corporate life with a mix of media strategy, consumer insights and ux research, both agency and brand side. I’d love to connect with other strategists that lean towards the research side of things 😄 or anyone whose team may need some extra hands for project work, parental leave / sabbatical covers, etc. thanks!!

like

Just restarted stimulants and already I'm dealing with twitches again. Does anyone else get these? No type of pain or anything just every once and a while my body will twitch strongly. Afterward I feel normal, but it's a bit annoying, and I can't control it at all which is a little disconcerting. Don't remember this from when I took stimulants as a kid, but it's been a while.

like

Anyone here adopt a puppy during the infertility struggle? Husband and I considering it to have something positive throughout this situation and thinking the extra companionship would be helpful. I work from home. Husband has had many family dogs and lots of experience with it, I’ve had a family cat before. But not sure if it’s actually a good idea - wondering if it would truly help make us feel better and keep our minds off of the struggles or if it would just add extra stress. Thoughts?

likesmart
like

Man, "What? I'm in a meeting?"
Woman, "Did you leave the refrigerator door open again?"
Man, "I can't right now I'm in a meeting, can you close it"
Woman, "Please, make sure it's shut, how many times do I have to tell you. My breast milk is in there, I'm already taking care of one child I don't need another. I'm not your mother!"
Planner,"Hey man, we wanted to tell you but I guess you couldn't hear us. Your camera was off but you weren't on mute.'

funnylike

Going on a parental leave in a month. Anyone know of any remote, freelance/part time I can do to still make money on the side? Out side of Uber/Lyft etc

I’m struggling with an issue with a student right now. I teach in a suburban school outside of NYC that has a very large majority of white students. One of my Black students was recently involved in a biased incident with another student in which he received racist social media messages and racist spoken words from the other student. This was a kid that my Black student thought was his friend. He’s heartbroken, and so am I. I want to know how I can best support my student.

like

Other than citizenship, are there any other benefits of having a baby in the US vs in India? My wife and I may not be settling in the US, depending on what we decide over time. With that in mind, my wife is siding towards having the baby in India. When I checked online, I don’t really see any benefit except for the citizenship. Any inputs appreciated :)

likefunny
like

Thank you for starting this bowl! I just turned 50. I had my one and only child at 41 and went straight into menopause. My symptoms were perhaps confused with postbpatrum and nursing hormone symptoms but bow my hair is dry and frizzy yet somehow also oily and my skin lacks luster and I gain weight so easily. Working from home for eight months has definitely hanged my body shape and not for the better!

likehelpful

Hello fishes
Work a CTC of 30LPA, JL6, is it worth to go onsite like Canada or uk or Australia asking with a wife and kid?
What works be the onsite salary for JL6? Few posts i read days 42k, few other posts mention 110k..
Any one has clarity on this this?

like

More Posts

Larsen & Toubro Infotech Is the lti Noida location up? Any idea anyoneLarsen & Toubro Infotech

like

Do partners know each other’s compensation? I see partners selling engagements for vastly different numbers b/w shorter ‘interesting’ strategy work and longer ‘boring’ transformations. Thoughts?

like

Any ex-Amazonians product managers who moved to Google? How did you find the move 1) from an innovation and learning perspective and 2) is the company’s culture better? I.e expectations and recognition.

like

Mindtree fishes still working from home or hybrid started ?

Anyone looking for a job? Remote for a small firm, great company/culture.

like

M7 Bschools with most scholarship opportunities for vets?

Hi,
I have been working as accountant for past 10 years at a logistics company. I want to change my route and join different industries for better challenges and opportunities. How can I approach new firms with this single industry background.

like

Recs for barber for asian hair? Thanks in advance.

like

Interesting that stem cells could be used as a way to fight ARDS

like

What is the career level structure at General Dynamics Information Technology, GDIT? Does it follow similar track as big4/Accenture or is it pretty much all depends on role and project?

like

How do you incorporate warm up/bell ringer problems so that kids actually complete the problems and not just use that time to socialize?

like

I want to join Adobe as a Product Manager.Any suggestion for preparation would be helpful.

like

What are the hours like in Deal Advisory KPMG?

like

Hello RSM coworkers! I am thrilled to be moving to RSM into a Scheduler roll. I just found out yesterday and want to be as prepared as possible in the next steps.

So here are my questions.

How long does the background study take? I'm guessing admin staff have a study that is faster and less complicated than someone in Tax ect.

When training at home what did you need that wasn't supplied by RSM? My home office is well stocked but I want to be as prepared as possible.

Thanks in advance!

likefunny

Will Accenture match the package of existing best performance people with laterals doing less work with same yoe in the same team if they are working

like

Looking to get my first tatoo! Any suggestions on a talented tattoo artist?

like

Hi Fishes,
In terms of security perspective I have used waf, secrets manager, guard duty,MFA for root and iam, shield in my AWS architecture. Apart from these what else security services I can use or any other suggestions are welcome.

like

Interview this week for 7th grade Special Ed Math. Any tips on what questions I can expect? I have never taught SPED but currently working on my masters. I have experience with inclusive classes

Hi, is CfA still worth it? I work in infrastructure private equity and recently I have been promoted to investment manager. I would like to know what other qualifications/courses are relevant at this stage in order to boost my credibility and knowledge.

like

Additional Posts in The Real Estate Bowl

First time homebuyer and feeling confused about basic advice on the internet about “how much house” I can afford and what down payment / credit score is required. Help? Details within

like

Any potential flags/benefits for dual agency? My agent and the seller's agent work for the same company.

like

Anyone got a loan with Guaranteed Rate? Started looking for a condo(Chicago) and keep seeing them pop up. Looks like they charge $1290 lender fee, but wanted to see if anyone had experience with them

like

Thoughts on purchase affordability - Married in southeast. 105k + 90k for 195k HHI. We have about 1.5k monthly debts between auto and student loans. We are currently looking for something in the 500s and believe this would be close to our max. What are others getting at this income level?

I am wanting to start investing in real estate in the new year… I’m using this month to read up on it and familiarize myself with it. I am a true beginner and wanted to ask for any tips, tricks, advice, books, videos, magazines, podcasts, etc to start? Please let me know!

like

I’ve been thinking about getting into real estate investing. Not right now but later down the road. I’ve been trying to save up for a down payment. What are some good resources for a beginner? Blogs, YouTube, books etc I’m not looking for paid courses because I will be learning at a slow pace. Any help will be appreciated.

like

I heard you need to show a net worth of 100% of the loan amount. Have you heard about this?

like

How do you remedy mild mold smell from the house? Non-visible, so it may reside inside walls or in ducts. No leakage or flooding issues in the basement.

like

Why would anyone who is a first time home buyer choose to go with conventional over FHA if FHA has a lower interest rate? Any pros to getting a conventional over FHA, if I qualify for both?

helpfullike

Thinking about purchasing a property in the Turks and Caicos Islands. Anyone done this? Looking to learn more about the pros/cons of international / Caribbean property ownership.

like

Is it better to get credit at closing or lowering the overall home price?

seller is offering to lower the cost or give credit to fix the flooring

like

Does anyone have a model they use for rentals? Buying a place and this is my first time modeling it out for cash flow etc.

like

Being so young in age, thoughts on buying a 2 bedroom condo in lake view in Chicago, 170k? I'd live in one room and rent to a friend. Not expecting to cash flow due to HOAs being sky high

Anyone get their floors refinished? What’s the cost per square ft?

likehelpful

Got a letter of default and acceleration notice from bank who repurchased my mortgage due to what they thought was mortgage fraud but wasn’t. I’m contacting a lawyer but has anyone gone through this? I know they want it off their books and suggesting I refinance but my rate will increase and they’re demanding legal fees too

like

At what point in the home buying process do you ask the builder/seller for evidence that property taxes have been paid?

like

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)

like

Fiancé and I are going to start looking for a house in the Chicagoland area. Any advice? TIA!

like

Whats the best website to compare neighbourhoods within your state? Combed thru Niche but looking for additional reviews of people who lived there

like

Is it kind of crazy that Canada doesn’t have a price history for their properties

likehelpful

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

Scan your QR code to download
Fishbowl app on your mobile

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