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Roth vs Traditional 401k, thoughts?
Thoughts on SoFi bank?
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Hi fishes,
Does joining bonus is taxable??
Rising Star
I have been working in the construction industry for 2 years under a general contractor. I am wanting to get into consulting and my ideal role would be something like an Associate in Major Projects Advisory with KPMG. I’m curious to know which firms/companies have positions and departments like the one mentioned that I could apply for?
Candy is 50% at jewel & target FYI 🥳
Rising Star
Do you have a prenup? What does it involve?
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Visual Storyteller
Can I get a commercial loan without 25% down?
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My cousin is a Nigerian prince. Let's discuss.
Mentor
Depends on your skills. If you are handy like me I’m working on a deal in that range. I’m buying a property off hud home store. HUD foreclosure. The homes are very rough, not for everyone. I have a long list of fixes to the property that makes conventional financing difficult for others, so a lower cash offer will probably get the home. My risk is my money sits idle in that home until I get conventional financing on it. I’ll likely leave 20% equity in it, rent it out with little cash flow. Over time it will improve, while collecting appreciation. I try to buy one every 1-1.5 years. The 80% cash pulled out will be to fund the next project. Over time the cash flow, plus salary savings, yearly bonuses gives me more capital to work with. It’s just a part time thing for me. It keeps me at 5 to 1 leverage and I always keep enough in reserve to cover all payments for 6-12 months.
Dump it all in vti
Ok.. got them. Tickers. Pretty good. Will check them out! Thx
I would invest in Crypto because the bull run will continue until 2025. However, I have learnt how to invest in Crypto over the last few years. Everyone makes mistakes when they try it.
Maybe find stock funds that are getting good returns or speculative RE investing? Other than that Idk how someone can make money buying a duplex on the market at the prices and rates things are currently at.
(at least in HCOL areas)
Depends on your strategy. You can always partner to buy something in your local market
Subject Expert
What do you want to do?
If you want to get into real estate, spend some time teaching yourself real estate concepts. Have you bought a primary house before? If so, the buying process should be well understood, if not, learn about that. From there, learn about how to underwrite an investment deal, and how to calculate cap rates. Then decide whether you want to invest in long term or short term, single family or multi family. There are pros and cons to all of those options.
I really like the content from @InvestWithAce on Instagram. He has easy to digest content that talks about broad real estate concepts, and he has many hours of free content on his IG and YouTube. There are also a bunch of great books you can read if you prefer print (or electronic print) form.
If you don’t want to invest in real estate, then I’d spend time reading up on basic investing concepts (Bogleheads) and at least invest in some index funds to get started. If you want to get into REIT’s or other types of investments, you can. But you can just stick to index funds if you want a simple strategy.
Mentor
One thing to consider. Investing in an etf is 1:1 without a margin account. Real estate is 5:1 leverage with 20% down. Let’s say I buy VOO and get a 12% return in 2024, total balance should be 224k. Let’s say I buy a 1 million dollar home with 20% down, your 200k. Let’s say I make a 6% return on the house in 2024. With half the rate of return I turned my 200k into 260k. It’s not quite that simple because houses have expenses, but it’s important to understand the concept of leverage.
The only problem is that current interest rates are so high there’s no cash flow to multiply