{ "media_type": "text", "post_content": "I’m 23, left blackrock because I’m making way more money trading for myself. Looking to buy a 3/3 house in Miami Beach north of 40th, debating whether I pay cash so I have lower monthly fees, or getting a mortgage, due my age I’ve been having some trouble. My current portfolio is about 10m. My price range on properties is 3-5m. I’ll be closing a sale on my tech startup for 1-2m this summer hopefully. Question is should I use OPM, and how much you suggest I put down cash, or full cash?", "post_id": "61f379d849df5f002e420071", "reply_count": 13, "vote_count": 6, "bowl_id": "553769a790f5eebe1d2a0f92", "bowl_name": "Finance", "feed_type": "crowd" }

I’m 23, left blackrock because I’m making way more money trading for myself. Looking to buy a 3/3 house in Miami Beach north of 40th, debating whether I pay cash so I have lower monthly fees, or getting a mortgage, due my age I’ve been having some trouble. My current portfolio is about 10m. My price range on properties is 3-5m. I’ll be closing a sale on my tech startup for 1-2m this summer hopefully. Question is should I use OPM, and how much you suggest I put down cash, or full cash?

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Not sure if you are serious given the premise. It’s a simple problem. In one case you have the money and the asset but interests to pay (how much can you do with the money? Can you use it to beat the interests you pay on the mortgage?) in the other case you have the asset but you don’t have the money (you know exactly what you saved: the interests. The price you pay are the opportunities you can’t pursue with the money that is now locked in the asset)

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I know both options well, really just can’t make up my mind, wanted some exterior opinions

I always say go for the mortgage. Cheapest money you can buy and there are tax breaks. Invest that money elsewhere

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Biggest flex I’ve seen so far, congrats 🥇

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Can you talk more about how you got here?

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Hard work

Get a mortgage and use that extra cash to continue building your finances!

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Wharton or Princeton?

?

Mortgage.

Wow what a flex. I say go for the mortgage personally.

Mortgage. Put at least 20% down so no PMI

Additional Posts

Living it up in the city.

Post for likes

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Testing a new post at 12:06PT 5.12

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Hate conference calls that drag on for hours.

Comment on this to test rereply notif

Bbdjdndjdjgsjdjcbbdbxndbdbcghsbxhdbdbbxbbdbdbbdbdhxhdbbdbxjdbxbhebsbxb dbdbdbd Bebe the. Dbdbdbd sehsbevshdvhdbdbdbdbdd dbhsbvdbdvdvdbvduchhcbd dbhsbvdbdvdvdbvduchhcbd and I have love you so too but I

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Got asked to carve the Turkey. Never carved a turkey before. Slipped into a bathroom to watch “how to carve a turkey” on YouTube. Crushed it. Not that different from most of my projects...

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TFW your uber driver is hella slow and sucks at direction and the flight is at 5:40AM 😡

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Dog was put to sleep, this is horrible. 😢

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Anyone ever used class pass traveling M-Th? Typically work from 9am - 7/8pm. Can I use it in my home city and travel city?

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Just heard the valet parking guy remind some guy to wait for his family😂

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Shoutout to users of the Kirkland Signature (Costco) carry-on. Rolled this thing around for 2 yrs so far, and past plenty of Tumis of comparable build but 6x the price.

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How many dates does/did it take for you to see that this person is/is not the one for you?

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I have a company event that I'm going to tomorrow morning that I forgot to tell my manager about. Should I just let it be or email him now? Mgr is pretty relaxed. This completely slipped my mind.

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Thursday travel day after a flex weekend jitters - just get me hoooome! ✈️

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What's your favorite cellphone game? I like alphabear a lot 😎

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I judge a firms commitment to their employees by the toilet paper in their bathrooms. Single-ply rolls in a bathroom is a warning signal.

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Upvote if you are long weekend has already started !! 🍺😎🏖🎇

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EY 🐠: I'll be joining the PI strategy group within FSO in the next few weeks. What is training like, specifically FSO Immersion? Also, as this is my first foray into strat projects, any tips? 😅

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Disjointed is so bad it's almost good

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