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Can anyone please share insights from their experience or understanding of differences in EY-Parthenon (esp. growth opportunities e.g., promotion criteria, and work culture) in the US (East) and UK (London) office? Given a choice at the Manager level, where would you prefer to work and why? Thanks in advance!
Is google at a good price to buy right now?
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Rising Star
Anyone working as a 1099 employee?
Hi Microsoft fishes,
Can you please suggest the roles one can get in Microsoft if they are coming from a management consulting background?
My skills are mostly in market research and have very good proficiency in Excel/powerpoint while being a very beginner of python/R.
Total corporate YoE - 4 years.
Thanks for reading the post :) Microsoft
Additional Posts in The Real Estate Bowl
Subject Expert
No it’s not a crazy idea. You’re not breaking even; you’re having someone pay a mortgage for you. You’re also getting a ton of tax breaks (talk to a cpa). So you’re far from breaking even, you’re in the black, it’s just unrealized
Subject Expert
This is gambling. don’t “bet” on appreciation to bail you out, especially at current prices and financing. What happens if your unit floods? Or appliances go out? Ir rent prices drop and you’re vacant for 3 months? This is a sure fire plan to lose your ass….
All good points. The unit is newly renovated so I am comfortable with the appliances and fixtures. I live in a MCOL city with a growing population that is drastically short on apartments. We saw prices go up here over the last 2 years but not like hot markets like Austin, TX. I do agree with you that some of the risks would be a massive pain to deal with.
Yes. Buy the T Bills
Municipal bonds will make you more money
I too have thought about this, commenting to get notifications 😁 In a few years hope interest rates fall, to refinance and rent goes up to cash flow. Such a hard time to want to buy something especially for newer investors. Best of luck!
Between being able to slowly raise rent and maybe doing a recast on your mortgage in a few years where you could make more a month I think you’d be fine, but do you have the reserves for when the fridge breaks? Or the oven needs replacing?
Ask the owner if they’re open to owner financing. You might be able to negotiate a lower down payment (5-10%) and lower interest rate, and they may be able to benefit tax wise. Totally depends on the owner’s situation but worth a shot
Offer was accepted today, at 5% below asking after some back and forth. 🔥🔥🔥
Can you rent it by the bedroom? That usually has a much higher rent potential (but also more work)
It’s only a 1 br unfortunately.
I forgot to mention that I would be finding this out of my self directed IRA, so not sure if anyone knows if rent is less than the monthly payment, would the delta have to also come from the IRA?
Well, shows how much I have to learn. The place I originally posted about is a 2br so I’ll be ok.
That’s not too bad.
I’d also ask what your principle portion of your mortgage is. It’s likely that your still gaining more in equity than losing in monthly cash flow.
Not sure what any of this has to do with my post… so I’m just gonna exit this convo stage left.
M2 - I checked rental comps and I’ll be in the black each month about $250 after all expenses.
M1 - what does DCA into tbills mean? And why would that be better?
The $250 a month is going 100% into the emergency fund initially. There is a quarterly assessment that isn’t too bad. The place does not have amenities or a doorman or much overhead. We might negotiate a sum out of the closing to defray the 2023 assessment.
On the PE fund, those returns are on just capital invested not a house levered at 75% where someone else is paying the other 75%. Which is why 2.0X equity sounds great, but I have to keep rolling it over every 5 years for a couple decades to get a decent return.
I like the 2 different real estate income streams.