I have 2 properties under contract. One property I believe is under market value by $60k but cash flows $300/mo. The other property is slightly under market value but cash flows $2-3k/mo. I’m early on in my career so I think I’m leaning towards the higher CF property. Also thinking about assigning the contract for the first property. Obviously wish I had the funds to close on both as the first could be a nice $50k+ flip no work needed.

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

Cash (flow) is king!

like

Almost sounds too good to be true

like

Agreed, and OP works in private equity.
OP you can totally scratch a few coins together from a colleague or 2 to make both happen

Cash flow

How can you cash flow $3k/month? Unless you paid cash?

What city? Can do in DMV

like

Cash Flow

Everyone is saying cash flow but would this be different if it’s $100k under market value and $0 cash flow for the first property?

What are you trying to do with it? Are you looking for a flip opportunity or an investment?

like

Related Posts

Finished Stern interview and think I have a good shot of getting in. Trying to determine if 200k is worth it for an EMBA? The debt scares the shit out of me. Thoughts?

like

Hey All,
I am going to get married in September.
My office is in Yemlur and my fiance's office is at EPIP zone. Which is the best place to live and which platform to look after the house
Budget - 25k
Kindly help out

like

For rent paid below 1 lakh there is no need to submit landlord's PAN. I have calculated based on my HRA and if I show rent paid as around 96k my tax refund will be around 13k.

However there is no rent agreement or rent receipts.

Will it be a problem later on if I show this in my ITR?

like

I have a client who needs a 401k, or a solo retirement account w loan options. When I was at UBS/Ameriprise, it was no issue but now it seems tougher to find a firm that does solo 401k as a RIA's.

likehelpful

So I want to marry a physician (girl) as they make good money so I get a good life plus decent retirement. Is it selfish to marry someone for money???

likesmart

Angel investors : What returns do you expect when investing? Also what’s your range of investment?

like

Guys, what platform do you use to trade US stock?

like

I am a traditional reservist so I never really used military benefits before, but could use advice here.

I am currently renting and my lease is not up until October 2021, however I found a good deal on a home and scheduled to close in June 2021.

My landlord will not work with me to end the lease early, so it looks like I will have to double up on rent and mortgage through the summer.

If I went on active duty orders, can I use those orders to break my lease early without penalty?

like

Quick question: Can we ask HR to revise pf contribution to minimum which is 1800/month

likehelpful

Hi IBM sharks,
My friend received bluepoints, what's the conversion rate to rupees? Can we redeem it as cash components?@ IBM

like

JPMorgan Chase I received an offer to work as an associate for JP Morgan Chase in their CCB department. I know a credit check will be coming and my credit score is around 620. I have 35k credit cards + personal loan debt and 46k student loan debt. Will my offer be rescind because of my debts? I have no derogatory remarks and always pay the bill on time. Thank you for your help.

likeuplifting

Nifty 50 index mutual fund vs Nifty ETF ? Which is better ?

Hi Fishes,

I have previously worked for Reliance Jio, couldn't withdraw my PF money. How can I get that now ?

I joined Tiger Analytics with CTC of 9lpa. When I check in greythr IT statement, it shows 7.14lpa.

In the CTC payslip, it shows 75k per month as my salary. But this month I got 61k.

I understand they deduct tax, but I feel it is too much. IDK where I'm losing the money. Can someone tell if this is normal. I'm a fresher so, IDK much about it.

Also, what can I do to pay less taxes? Any help on that?

like

Buying a condo with an HOA - what’s the average reserve % you’ve seen? My HOA is 23% funded, and recently raised dues.

like

Hi Fishes,

My wife is getting transferred to California from India and she is offered 143k.

How much she can get after tax deduction and all? How much she can save after all the expenses?

She is insisting that I travel with her and get the job in the US. I'm a software developer having 4.1 YOE. How much can I get in the US? Is it worth traveling with her?

Any information would be helpful, Thanks in advance...

like

Debating between a few travel cards and need some opinions. Debating between Capital One Venture, Venture X and Amex Green card.

Live in a non major city with an international airport, but need to be flexible to different airlines. Which of those cards, or other cards out there, would be best

Anyone use Wealthfront as an investment platform? Likes, dislikes, thoughts?

FYI Amex offer for Allen Edmonds. Spend $300 get $90

like

Have about 5k to invest - should I do FXAIX or FSKAX?

like

More Posts

My office is doing an eventual RTO office, but most of my team is in another state, so not really seeing the point of going. Anyway to convince them that I shouldn’t be expected to go back in if I’m on of the couple people in a different state office?

like

Wordle 515 5/6

⬜⬜🟨⬜🟨
⬜🟨🟨⬜⬜
⬜🟨🟨🟨🟨
🟨🟩🟩🟩⬜
🟩🟩🟩🟩🟩

like

JPMorgan Chase : Hi Can anyone pls tell me about CIB -EQT -FST team here pls . How is the work culture. How is work life balance pls.

like

is WFH available in Coforge? I got an offer recently, can I ask wfh atleast till this year end? Pls suggest Coforge Coforge ltd

Fishes, what’s the salary range for a Sr.UX Designer at JP Morgan?

Does Tavisca match up the counter offer if we ask the HR?

I hope everyone is doing good.
I am looking for a role in Alteryx , power BI, sql , python. It would be great if I could get a referral.
I am a immediate joiner with 1.7 years of experience.

like

Hi HSBC sharks, my CCTC is 17.4LPA (Fixed). I have been offered a position at HSBC for Senior Analyst position. They are not offering a single rupee more than 30% i.e., 22.6LPA. What can I do to ask for more? Or it is their maximum at this position? Please help

like

Any motorsports photographers out there?

I would love some advice to get a little more serious with this hobby of mine. I have gone to a handful of events, both local tracks and professional circuits as a spectator, but wish to know what the best approach is to gain media credentials to take this passion of mine to the next next step.

Any advice is welcome, I would very much love to fuel this passion of mine with the hopes of eventually making motorsports photography a career path.

How do you survive on a PhD stipend knowing it’ll be years before you can afford luxuries like a vacation or brand-name ice cream?

like

Www.helenesnotes call now to sign up for the fall! 516-474-6181 Online lessons! Give them or yourself something fun, positive and good to do! All ages 5 and up including Adults!

Post Photo
like

how long it takes to start with project in global logic?

Fishes, is 110K for Senior 3 consultant an average offer?

likefunny

Microsoft Interview - Customer Solutions Architecture
I was able to secure an interview at Microsoft for the Customer Solutions Architecture position. Want to find out from everyone what kind of questions I should be expecting in this interview and what the hiring process is going to be like. FYI, a recruiter from RANDSTAD America is coordinating the interview, not sure if that makes a difference. 

like

Hi fishes,

Is there any openings in supply chain management in flipkart...
Can somebody give a referral
it would be of great help .

Does anybody any idea about the job role and the career opportunities of an language interpreter in Teleperformance?
I'm not having any prior experience or knowledge about the above mentioned job role? Any suggestions will be highly appreciated.
Thank You

like

My friend needs a referral for ETL( SQL, informtica). Can anyone please provide referral?

Considering an offer to move to a (what I believe) late-stage start-up… 200+ million in funding through series A, B, C+ and have heard news of IPO next. I would be in a mid-senior role. Not sure how to negotiate on compensation package with consideration to equity as I’ve been in consulting since starting my career. Anyone have advice/suggestions?

like

Anyone have experience in raising capital out of the Middle East (Jordan, Kuwait, SA)? Any experience in delivering solutions in that area? I am trying to figure out if a pursuit in that area is to much of a risk. Any insight is appreciated.

like

Additional Posts in The Real Estate Bowl

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.

like

For the folks that bought an a second property (rental) with less than 20% down, how did y’all pull it off ? 10 % down payment is all I can afford.

like

I have over 12 years in B2B sales/sales management experience along with a graduate degree. I am wanting to shift gears and I am at a point where I can invest time in myself to learn through practical experience. The new industry I am wanting to pursue is real estate investment. I have read all the books but want some hands on experience on the property management side. How could I best leverage my skills for a role in this, and what should my expectations be for negotiation in compensation?

My SO and me are looking to save for our first home.. we don’t have kids.. any tips from you who may have saved for your first home? Did you aim for 20%? How long did it take? What kind of a home would you recommend buying first?

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

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.

like

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

like

idk if this is the right place to post but...
Ok so I was carless -- I was assembling my new bed frame and one as I was grabbing one of the long parts; I set it vertically and my fan was on and hit the edge. I literally just moved in 5 days ago and I already scratched these pristine fans, I'm irate and I want to fix it.
Is there any kind of paint. or is there a way to polish it so it doesn't look as bad :(

Post Photo
like

Is this legal?
After being mugged and having my things (including my keys) stolen, I was locked out of my townhome after business hours on a weekend. I was told on the phone when dialing my complex’s after hours number (which is managed by a 3rd party company) that my complex’s policy would let me in for a cost of $100 (as it was after hours). After I was let in, property manager informed me the charge was $200. Is there anything I can do here? This is in Minnesota. Help appreciated!!

like

469k new construction
No washer dryer or refrigerator included
Added these at cost, downgraded to basic grey paint throughout, removed blinds and builder accepted 460. Feeling cheated :/

What would have been a better offer?

like

Does buyer have to share appraisal with seller? Can seller request it?

like

About to get a home improvement loan. Any recommendations for a lender? Also looking for general advice. TIA!

like

Would you say Austin’s real estate market will go through a correction in 2022? I am considering there in a few months (wife and 3 kids) from a normal-priced city. While we can afford a house there, I am scared of getting into an extremely risky investment seeing such fast growing prices in 2021. I’ve read both bull and bear scenarios online and I’d like to get some “Bowl’s” thoughts. Thanks!

like

Hey hey all. I am writing a book on value creation in commercial real estate - from site selection to tenant management basically capture where industry experts see value lost or opportunities not captured. Anyone want to contribute to some insights ?

like

Are most new houses being built with induction cooktop? What has everyone experience been like? I personally had non compatible cookware with induction cooktop and wondering if I should just buy a new cooktop (electric, gas etc).. Other reason is that I read that it's also not healthy due to electromagnetic waves?

like

Closing on my first home. Advice for anyone with student loans in administrative forbearance per the Cares act: once your offer is accepted have you student loan servicer put your account back in repayment status.

Accounts in forbearance, even administrative forbearance, are calculated at a higher monthly payment by the underwriter.

My fictitious debt to income ratio was too high for them to approve me, and it took seven days for my loan to be officially back in repayment. So just a heads up.

like

How can I invest in real estate ? Looking for an additional passive income source

like

Quoted a 30 year mortgage, 5% down for a ~600k home for 4% interest no points.

Profile: 250k salary, 800 credit score

Is this any good??

likefunny

How much should I invest in buying a HOME as my primary residence.

Current TC: 200k
Net worth: 300k, readily available 170k in stocks, hysa and cash
Current rent: 2000 per month
Age: 30

Wonder if anyone has any excel model or a rule to determine how much I can afford or should go for?

like

Anyone ever had the trim on your house painted? 2000 square feet, was quoted $3500. This included the trim, garage door, and front door. Seems reasonable, no?

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

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