If I am buying a rental property that rents out for about 1.5% of the total price a month, is that a good deal? I did the math and if I paid cash I’d get my money back in about 6 years assuming rent does not get raised (just assume section 8 stable rent for numbers reasons). Based on this info how sound is the investment?

Is an IPO in anyone’s FIRE strategy? Maybe this is specific to the Bay Area, but it doesn’t seem that unrealistic to negotiate enough equity to make $1.5 mill off an IPO. Or maybe I’m dreaming 😂

For those w investment property, how many of you self manage vs using property manager? This is my first condo, relative new build from 2018 and a family friend jus moved out. I would have self managed but am scared about squatting/evictions esp w Covid and the rent memorandums. Thinking of jus getting the property manager as I am new to this... Advice appreciated.

What is the value of / case for hiring a wealth manager with management fees (say 1% of holdings) as opposed to investing directly in ETFs/index funds yourself (through any of the brokers like Fidelity, Vanguard, etc.)?

How long did it take you to buy your first million dollar home? What were the steps you took to get there?

My dream neighborhood is 10 min down the road but entry point is 1.2m. Currently my house is worth around $550k

I am not able to upload my tax declaration details from the greyHR portal. It is showing an error message since morning. Is there anyone else who is facing the same issue

I'm a Canadian on the TN visa working in the US and planning on maxing my Roth IRA (6k) and will have enough left to max my 401k this year, but am not sure if I should just use a taxable account over 401k due to tax considerations when I move back to Canada (likely 1-2 years from now). Any thoughts here? I don't think I'll have enough RRSP room to move 401k>IRA>RRSP and I would prefer to not have to file US taxes every year in retirement for withdrawls if I left the 401k in the US.

Does anyone use Ameriprise for their Roth IRA? Anyone know of any funds you can buy in an account with them that don’t have trading fees?

Quick poll time. How old are you and how much debt do you have? Credit cards, student loans, vehicle loans, mortgage loans, etc., etc.?

I'm 31
$8k in debt (All credit card. No mortgage currently, but looking to buy. Car and student loans are paid off.)

Does anyone know the answer to this? - My first mortgage statement was generated on 11/2 with a due date of 12/1 and includes a month of interest based on the balance on 11/2. I made a principle only payment on 11/14 of $500 which was applied right away. Will the interest automatically recalc to reflect a lower outstanding balance for a portion of the month? I plan to do this every month.

How well can I live in Chicago on $55,000 a year? Also, I have no student loan debt coming out of undergrad.

So what stonks are we buying?

Anyone know of a good cross-border US/UK financial fiduciary?

Was there ever a time you wanted to give up being a real estate agent?

I want to sell my house but there seems to be water damage and I’m worried someone will lowball me, what should I do?

Does anyone have experience managing an out of state property yourself? Are there any tips/services you use?

Why do there seem to be so many comparison threads of achieving XX salary/net worth by age Y?, especially amongst younger people? Is this the fallout of social media and do you think it’s a generation-wide thing, or just contained to folks in “preftigious” circles?

Any good drinks spots for a date night? Something with a frozen fruit drink or craft cocktails?

Joining IBM in December. under 30% tax-slab.
How is my tax calculated, will IBM ask for my prev. comp Form16? (or my ctc is prorated for Dec,Jan,Feb,Mar)
at least for the 4 months of this FY I need full sal. in hand.
How to proceed. I wish my JB comes without tax deduction.

What are some of the things that were a MUST when buying your first home and what were some things that you were more flexible with and why? I’m having a discussion with my partner about what we absolutely need and what can be worked on later. Also, any regrets?

Any plans of regular or hybrid mandatory return to office in Sun Life Gurgaon office.
Please let me know.

2nd year ACD salary in LA?

Moving to NYC with my girlfriend. We are 26. Budget is 4K-4500 for a 1br in a luxury building. What neighborhoods should we be targeting? More so foodies than bar people. Quieter probably preferred.

It’s interesting to see several articles and surveys emerging saying the initial bump in productivity from mass remote working has started to come down or even go negative as the novelty wears off and people start to get worn down from longer hours, the stresses of having kids at home full time, burn out from increased workloads, stress from the pandemic, etc. Curious to here people’s thoughts, do you think you’re less productive now than back around the April timeframe?

Any recs for insightful and well written books on entrepreneurship? Friend is trying to launch his own startup so I’m thinking of sending him a relevant book as part of a thank you gift

Deloitte 🐠 - How do your ranks work in Advsiory? I’ve heard Associate (grad) > Consultant > Sn. Consultant > Manager > Sn. Manager ...then I don’t have a clue. Can someone please help me out? Thanks!

Requesting people to share their comp. I can start first. Role: Developer YOE: 2 Base: 100k

Hi , wanted to get some feedback on following position offer in New Jersey area
Senior Manager for pricing startegy
I have 4 and half years of related experience,Masters degree
Base salary offer at 150k, 21% SPI and 10% LTI
How much room I have for negotiation, whats the fair market rate for this level?

I thought that the occasional visits from the recently divorced single mother that moved in down the hall was the best thing that ever happened to me. I was wrong, getting that mouse jiggler is the best thing that ever happened to me.

Everyone likes me because I'm a doormat with no boundaries. I do anything and say anything to make people happy. I will think what you think I should think. Will you be my friend?

Does anyone else have that one person who is more senior than you that is just always so condescending while adding no value themselves? I have a director who I work with (not in my direct mgmt line) that just treats everyone on my team so poorly, so I act as the shield and it’s so annoying how someone who is so disrespectful and honestly not super value-added only ask for data/questions and not provide any genuine input or recommendations.

#HomeOfficeSetup

Guys, Suggest a good external web cam for the office meetings?

Hi folks
My company wants to retain me and i told them my future employer . Will that be a problem ?

I have lost so many Friends and my social circle have reduced a lot after the work from home culture have started. Is it same for everyone? Or you guys keep in constant touch. Just wanted to know if anyone in the same boat.

How do you deal with CDs and ECDs who clearly favour the guys in the (otherwise all male) department for no reason other than they're also guys? Do you bring it up with them? Go elsewhere?

What's the best city in UK to buy a buy to let property, with best returns?

This isn’t relating to investing but we are looking buy a SFH in South Orange NJ. We are have a 2 yo and we are moving from Sacramento. It is a close to a train station to New York.
Does any one here have any info, good or bad things to know about the area. We toured 3 different homes and they were relatively affordable by (600-750k) and it seemed like a small town community but we are not familiar with east coast/ New England. It’s going to be our first move there.

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

Any investors in the woodlands Texas for single family homes, rent looks good as per Zillow , good school district and houses are still affordable compared to Dallas and Austin

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

Now that the rents are going higher and housing is not affordable. With wfh option is it good idea to love to ranch with house?

Anyone here invested or opted as primary living place outside of cities?

Cheers

Is it okay to buy a home worth 660K for a couple earning 325K TC together? The HOA and taxes for this home bring the monthly payment up to ~4.8K which is ~32% of our monthly take home after tax…we’re first time home buyers, any advise is appreciated!

Hi all - any advice for a first time real estate investor looking to make their first purchase at the end of 2021.

I plan on saving $50K, for a $350-400K property in the Long Island, NY area for my first property. Does this sound reasonable? And does anyone have any experience & advice investing in the LI area?

Id like to rent it out for some positive cash flow that I can then start using to save for my 2nd property (sounds easy when I type it).

Thanks all for your input - stay safe!

What do you all think of fundrise and start engine Real estate Reit ? Any experience? Would you invest here if you didn’t have the time to actually buy and rent properties? Any insight is welcome.
Thanks

Under contract to buy my first home - house hacking a triplex. Property has been leased by the same three tenants for the last 5+ yrs, rents haven’t been raised since they moved in. Market rents have risen 70-100% in the same timeframe. All seem like ideal tenants (retired and take great care of the units) but I’d like advice on how to approach the rent increase conversation. Rents don’t make/break my mortgage payment but I’m leaving a lot on the table if I don’t increase significantly.

Happy Holidays fishes!! I would love to hear some thoughts here..We bought our first home last year for 316K ( starter home) in MCOL city. The value is now over 400K and I have an equity of over 150K. We are thinking of moving to a different state.Should we rent this place ($2400/month) and with recent refinance my mortgage will be $1600/month(inclu pay all) or sell it to pull out equity for the new home in a different state? FYI: we have over 100K in cash to down payment.

Current Tenant Rent: $1075, Monthly Payment: $400 (with property management), Initial Repairs: $2-5K, Down Payment: $12K

At surface level, do these numbers check out?

Planning on Arizona, Phoenix area. What is the best today, purchasing a home or building?

If I’m a Real Estate Agent buying my own property, can I negotiate the Buyers Agent commission to be 0% instead of being paid the buyers commission? Essentially converting what would be Income into Cost Savings for tax purposes?

I'm early in my career, managed to save $30K to invest, and want to get my hands dirty with a rental property without too much risk (e.g. no HML/flipping). It sounds like that's a tall order in the NY/CT area given the prices, not to mention whether I'd be able to get a mortgage on anything below $100K, but I figure I'll give it a shot anyway. Any advice on what you might do in my position? Am I being crazy with this idea?

Would you pay an extra ~$100/month on top of existing monthly PITI for access to $65k in equity from your home? Want to use it for either A) down payment on new primary or B) net new investment property and see if that can fund the next primary

Due to a family situation we are looking to move to a different state. Normally we would sell our current home and buy a new home in our new location. However, with todays prices and interest, will it make more sense to rent out our current home and rent a home ourselves vs. selling and buying immediately when we move? We are moving from Vegas to Sacramento and we are not sure how long we would stay in the new area. Thoughts?

If you living currently in a home and looking to buy another home but plan to put only 10% on the new home, can I pay the remaining 10% after selling my existing home in 1-2 months .. and get the PMI

Has anyone made a property purchase using sheriff sales? Can you shed any light on the process or share tips or resources?

Looking for 2bd or 3bd with garage rent of $2,000-$2,200 ready to move in after July in the Orlando,FL area if anyone has any info. Please let me know! Thank you!