I just made a $500k offer on an investment property, the most I have ever paid for a home. I have always wanted to be a landlord, so jumping in with two feet. I am using all my savings as a down payment. The numbers work, but I am freaked out about the amount of money that is and the amount of debt. I have no one else to tell...so posting here in oblivion.

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

Congratulations!!!

like

500k is a lot for a home? Where? Nebraska?

Yes…that people still live there, including people who work in agencies.

Yeah that's a lot of debt. Be sure you save enough to support the mortgage if you get a streak of bad renters...along with money for repairs.

Congrats on buying yourself a second job.

Related Posts

Anyone know how taxes work when you sell for a gain? Do Coinbase and other sites prepare a 1099 or are we on our own to "self report" our gains to Uncle Sam?

like

Hi, I have been working in a neo-bank scale up for the past year. I’m getting paid relatively well with stock options that vest over 4 years. There are also talks internally about the company potentially IPO-ing in the next 1-2 years.

I just got an offer from a smaller startup who are giving me a 20% increase over what I’m currently getting, but they are unlikely to be publicly listed anytime soon.

Should I take the offer and potentially lose out on vesting £50k+ (pre-stocks) worth of options?

like

I am trying to justify house buying in HCOL city. The house cost is minimum 1.4m .monthly mortgage would be at least 7k(with just around 2k principal) rest goes to either int,tax. Not to mention regular house maintenance. How is it better than 3.5k rental. I understand appreciation and own house independence. But I am just trying to make numbers work.

like

Not sure if this is the right place to post this but who do you all use for financial management/financial advisors? My stuff is getting a little complex with some real estate and retirement accounts.

like

What platform do you guys use for buying ETFs ? Can you recommend high fielding ETFs ?

like

Tampa lawyers who work downtown: where do you live? Looking to purchase a house soon and am trying to decide between a low commute time (crappier house and a tight move financially) and a longer commute time (nicer house and more comfortable financially). The longer commute time also comes with better public schools, and I want to have kids.

like

Thoughts on Transfix? Anyone invested?

like

Can one become financially stable after being discharged from the military?

like

Has anybody invested in Yamuna gaur city or planning to do so?

like

Soon to be making 85k in LA, looking to move to a new apartment. What would you think is reasonable to spend on a 1 bedroom (not studio)?

like

Where do we view Tuck scholarship info?

like

What platform do you use to buy Bitcoin and Ethereum? I need to move off of Robinhood and am looking for a platform with low transaction fees for buying as I DCA and occasion sell each year to step up my basis.

like

Is buying into the VIX the best way to hedge for a mkt downturn?

like

My play for next week:
Sell the SPY 200 puts since the market would plummet. Look for opportunities to buy back, probably when the stim bill passes. Would love to hear your thoughts on it

like

Feeling a large wash out on TSLA is coming. Up on the week on leaked Musk email relating to deliveries. That number came in today at a beat. Bought todays puts when stock at 1208. Looking for 1150. Profit taking is coming. Don’t follow as risk is high.

like

I am down $25K on $150K portfolio. Should I cut losses and leave or continue :(

like

In your opinion which is the best target fund to choose in IRA Roth?

More Posts

Any A&M folks here? Wondering how benefits / 401k compare to Big 4

like

Should those of us who write code be taking a moral/ethical responsibility for what the code is used for?

likesmart

Hi! Wondering about Morgan and their culture. Interviewing for a tech role. What’s the vibe?

Got an offer from a startup for 19.5LPA.
Its base is 15L, and I'll be getting 124800 in-hand.

I have 3.5 yoe in typescript/react/NEXTjs fullstack. Out of which only 10 months are on a full time role, rest of time was freelancing.
I am also an open source contributor for some NEXTjs related tooling.

Is this a good offer?

like

Can Anyone pls tell me what will be my In-hand Salary?

Post Photo
like

K

Sent from my iPhone

Post Photo
likefunnyuplifting

does anyone here work for Veeva Crossix?

like

Chances of convincing HBS to take me off the waitlist using offers and full tuition scholarships from all the other M7 (GSB, Wharton, Kellogg, Booth, Sloan, CBS)?

likefunny

Any suggestions for books to read about any guide for buying house in Canada or on real estate in Canada ?

Thanks

like
like

Which firms focus on customer experience strategy and more marketing, product, market expansion focused projects? To some degree to all firms have this focus?

like

How is the work culture in BMW Canada? General culture, support and mentorship, work life balance and job security. Thanks.

like

Does Deloitte USI respond back after the salary negotiation.HR told like she can only give an update on Monday and no response after that.is it normal like delayed response or ghosted ?

like

How is Telco team in Paytm? How is the work, WLB, Management and culture?

like

Hello fishes,

Sap basis is better for future or should I move to web development??

Pls share your views.

I have total experience of 3 years in sap Basis and I'm currently at 10.5 LPA.

Switching to web development is good decision???

like

Admins. Midwest region. Tax, audit or overall office admin. Salary range? Highest comp percentage increase you’ve seen in your role? I’ve been in my position 15 years & go above & beyond for anyone in our office. But my salary doesn’t reflect my knowledge, experience or work ethic IMO.

like

Any info on Big 4 Salaries for Senior Recruiters?

like

As homicide detectives, what has been the worst experience you have had?

like

How do PPMDs make sure when you are replacing an incumbent, you don't get handed down a broken system ? What sort of knowledge transfer and contractual framework do you get the client to agree to and how do you negotiate on that? I feel clients are not always honest and hide a lot of landmines which a consulting company can walk into and blamed for it.

like

Additional Posts in Advertising Confessions

I like to think of myself as calm but really I’m just dead inside.

likefunnysmart

Getting sober has made me realize how bad my boss really is.

like

I can smell your desk from the bathroom

likefunny

1:1 with my boss, one of the areas of improvement was: “be more vocal”.

Being an immigrant who struggles a lot with the language barrier is just super hard to digest this. I do my best, he doesn’t know how hard is keeping a Google Translate tab open on my browser all day long, he doesn’t know when people look to you because you sound “funny”. Just wanted to vent it, and say for all the leaders out there, if you want us to be more vocal, give us a chance to be heard with our own voice and truth

like

If everything is “asap”, nothing is “asap”

likesmart

I get so frustrated and annoyed when people make stupid common sense mistakes and I think it’s starting to affect my relationships. Don’t really know what to do.

like

I love marketing jargon.

funnylike

I’m about to switch jobs to my company’s main competitor and move to a new city and I’m so anxious and worried I’m making the wrong choice, anyone else ever get cold feet after signing an offer?

like

It makes me intensely uncomfortable when I hear people who should know better misusing the word “myself.” As in “please cc Kate and myself on your email.”

likefunny

After a year and a half of recruiters not responding and no job prospects I’ve finally got a call back - for a barista job. I guess advertising is not for me. Back to what I did in college

likeupliftingfunny

Sometimes I don't uphold the company mission 😱

like

Turned down a gig at Apple two years ago because I saw a lot of growth opportunities at my current company and saw the position as a step back (even though it was more money) and have regretted it ever since. Still in the same exact position at the same company I was then btw. Bad choice.

likesmart

We just hired and ACD that was a Jr. at my previous job when I was a Sr. Its been only 3yrs, they havent been at sr. for more than year. Staring at my bills like do I really need to pay them.

like

It's freezing tonight bitter cold. I just ordered Chinese and I'm not sure if that was a shitty thing to do. I think they need to make money so if no one calls that wouldn't be good. I did tip well

like

Does anyone really, really love their job? Or do you just do it to pay bills and get to the weekend? I'm curious how many people actually truly love what they do

like

Agency Idea: The Ginger Group. Redheads only. You should see our Diversity and Inclusion page!

likefunny

In Soviet Russia, bathroom smell YOU

likefunny

I’m tired of the arrogance and male techno-superiority. Where are the humans with feelings, vulnerability, joy in all of this?

like

Who has made the leap from working/living in the US to abroad? Any words of advice?

like

I think Cannes and the other awards are overrated and should be eliminated.

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