Real estate question: friend is considering buying a 2 bd /1.5ba (technically 1 room is a den) for $830k in Irvine. Plan is to move out in 2 years once they have a kid and rent out for about $3k a month and buy bigger home later on. Monthly payment for the home will be $4500 a month. Her and husband are in healthcare and will start making $550k HHI starting end of this year. Does this sound reasonable?

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

Why not buy a home they can stay in for longer or a home that they will be able to rent out and at least break even on? Even if they spend more than $830k it will make more sense.

like

Part of it is their belief that the market isn’t going to get any better and to just buy now instead of spending on rent.

Not really? The monthly payment was fine until you mentioned the renting at a $1500 loss

like

Makes a bit more sense - but typically from rental perspective you're "supposed" to be making minimum $200 each unit.

Also credits typically do not apply to rentals after you move out. So I would ensure your friend looks at the letter or the law.

like

Related Posts

Hi All, I am exploring a contract position and they are offering the below. As I am new to contracting, Please suggest which one is better Option 1: $70/hr on W2
Option 2: $80/hr on 1099
I live in the Bay Area, CA if it matters.

Thank you so much !

like
like

What are the pros/cons of moving from WPP to IPG? I can’t give specifics about which agencies but I’m curious in a general sense about benefits, compensation, career growth, culture, etc.

like

Happy World Mental Health Day to everyone out there working another Saturday in 2020.

likefunnyhelpful

What’s the best travel rewards card you have and why?

like

what’s the ratio of equity/stocks to bond/fixed income in your Merrill lynch 401k plan?Do you make any modifications or just use recommended distribution? First job with 401k and not sure what to do!

like

Has anyone gone through process to buy in Hawaii and use for vacation home / Airbnb? How was the experience? Does it make financial sense? Any lessens learned?

like

Hey Guys, off topic question... My mom has a savings account in a Punjab National Bank branch. Recently while trying to do transaction branch manager is informing her account has been blocked as per SEBI directive, he is not showing any proof for the same. Now my mother does not even have a DEMAT account, nor does she have any dealings with stock market. Any suggestions on what to do regarding this? Please help with suggestions, we are completely lost as to what to do. Punjab National Bank

like

Hello and happy Thanksgiving! What are the pros and cons of living in San Diego vs San Francisco? I’m from NY and looking to move to one of those locations. I’m hoping to get more info on rent, dating, entertainment, taxes, and job stability.

like

Rant: I finally got a baby registry started and sent the link to family... and immediately was told all the things I need on there that I don't have (including things I'm opting to just NOT GET, like an electric pump - why is my nursing preference up for debate????). I hate it already. I'm tempted to take it down, buy it all myself and just tell people to start a college fund if it bothers them.

I'm 38, have had 4 miscarriages and the PRESSURE OF THIS PREGNANCY is unreal.

like

Hi everyone, I'm knew here. I was wondering if anyone had any idea what salary are like at ViiV Healthcare? I'm considering applying for a role there. Thanks

like

My sister wants to work in billing, is that sustainable career or is that stepping stone to other healthcare careers?

like

A colleague V.Na has newly joined LTI.
He is not getting that Payroll / Employee Benefits / Retirement Benwfits etc screen on SSC.

He is just getting that Profile Card screen / Alt user etc. Screen

Can someone please guide??

Top health care agencies in nyc?

like

How do you calculate what tax bracket you will be at when you retire? Keep reading choose the option based of what tax bracket you will be at retirement but I literally have no clue

like

I work in accounting for an insurance brokerage firm. I put in my 2 weeks notice today and was told by my manager that they may ask me to not work the next 2 weeks (with pay) since I’m going to a competitor. Has anyone ever experienced this? Is this the norm?

likeuplifting

Suggestions for where to watch the Celtics tonight? Preferably somewhere with good drinks — feels like a weird weekend in the city so looking for a decent crowd but not wild (which I don’t expect would be the case being MDW in any event)

likesmart

What’s a reasonable price on plane tickets to Bali in July? Would be leaving from ATL or NY.

Dads with older children: while raising your children, did your children prefer their moms over you? I know some will prefer dads over moms, but I assume majority of children out there will prefer their moms over dads… I have one child and it kinda hurts to see my child always preferring the mom over me. I know I shouldn’t feel this way, but I just do. How did you cope with such issue raising your children?

like

More Posts

Anyone else not receive the first stimulus check yet? I filed with HR Block and got my return direct deposited. Yet to receive the first check and no status available with irs

like

cringe or naw?

Post Photo
funnylike

Debating if I should apply to more schools in R1, since a few schools deadlines are later in the month and I think the essays are doable now that I’ve done a few apps. What makes waiting to apply in R2 advantageous in this case, if application fees aren’t an issue?

likefunny

Anyone with luck in London at the Economist, Amnesty International, IRC, or Human Rights Watch? Curious if the hiring process typically happens through referrals

like
like
like

Hi Fishes,

My current CTC is 16lpa and received an offer of 24.5lpa from
UST Global. But I have one doubt before joining UST Global, how much would be the annual appraisal hike on an average in UST?

YOE: 7
TechStack: Boomi

like

Hi Ladies :) Can you help me reach 11 likes. I am new on here looking forward to connecting with you.

like

How do you make friends as an adult (besides from work)? M31, recently relocated to a new city and every new gay guy I meet just wants to bang. When I tell them I’m also looking for friends, I don’t hear anything back. This is irl, not on Grindr..

likehelpful

After 3 years of dealing with the worst firm I've ever had the displeasure of working for, I finally landed my dream gig at a small specialty firm. The people at the new firm are all SMEs featured in and contributors to the most notable business publications in the world, less than 100 employees, better benefits, unlimimted PTO, doubled my pay and landed a senior role.

Keep looking for what you want and deserve. I'm happy to be forging a better path away from what I've had to endure.

likeuplifting

Has anyone had issues with metabolism from keto?

I’m interview for remote SDE role based in Seattle from OKC. I have 5 YOE. What base salary, RSUs and sign in bonus should I expect? I don’t intent to take anything less than 120k base pay.

like

🎉January Job Thread!

Do you know of an opening or opportunity?

Drop it below and help another Fish.

like

Is the LV travel duffle worth the money ?

Im a RN and took on a new role working in Home Health. I chose this position because My husband & I recently moved to PA with our 2 kids (1&3), with no family available for his residency program with a hospital. If you know that life, I’m pretty much the main parent for our kids. I don’t want to work in the hospital/floor work anymore; nor do I believe the hrs are flexible enough. I need a job that’s flexible for the kids but pays >$44/hr. Maybe remote or hybrid? Please help w/ suggestions.

like

Does anyone have any guidance on extending STD for maternity medical leave related to PPD, PPA, or pelvic floor issues with postpartum?

like

Can someone link the discount code spreadsheet?

like

For fish in Europe, BCG Principal or Bain Associate Partner ?

I’m about to start a new job and I’m NERVOUS. I love my current GM, location and staff. But the owner is a nightmare. Nothing I do is right for her. She has a complaint about everything I do. She speaks to me like I’m stupid in front of many people. But I’m still nervous. I strongly believe that sometimes the devil you know is better than the devil you don’t know. What if I’m going into a worse situation? Do I stay in this bad one or risk a possible worse one? I guess I wont know unless I try.

like

Walmart hr collected all the documents from me but she hasn't come up with an offer from the last one month...., Will Walmart give me an offer or not??
@walmart

like

Additional Posts in Los Angeles

Just moved from the Midwest where the concept of carpool lanes is non-existent. On the 405 today I saw at least half the cars didn’t have 2 or more people. For my knowledge, is the rule enforced?

like

Hello! Does anyone have any good recommendations for cross country moving companies? I'm specifically looking to move stuff from my storage unit in Florida to LA.

like

Hi! I’m moving to LA from Chicago, base 90k - no debt. I live in a 1BD rn and have been browsing the market in LA to get an idea of rent. I’m mainly looking west of DTLA (ktown, la brea, pico rob, etc)it’s seeming like a 1BD may be out of reach. I’m not looking to pay more than $1800/mo. Any suggestions on neighborhoods I should consider? I’d like to be near grocery, restaurants, and would need parking. I enjoy being outdoors and would look to go on hikes/runs in my free time if that helps. TIA!

like

Anyone fish in LA? Where’s y’all favorite spots to go? Both fresh and salt water

like

Anyone want to swap Airbnb style their la place near West Hollywood for my 17th floor chelsea doorman building near the highline ? Looking to do an upcoming weekend soon

like

Here hoping to fall in love - I’ll take like at this point 😂 - with LA.

like

Living in LA is…

walking my dog and coming across a completely ‘deconstructed’ (to put it nicely) cat strew across someones front yard. I can only assume a coyote had their way with the poor feline. I’m fucking scarred now.

like

Any LA consultants looking to become ex-consultants? Hiring for a couple roles at my incredible company/team based in LA. One role is more general corp strategy type work (4-8 YE) the other is data analytics focused (SQL exp. needed, 1-4 YE). Financial services experience preferred but not required. Company pays very well and culture is much better than anywhere I have ever worked previously (esp. pwc). DM if interested and I can provide much more info!

like

Why are dog owners acting as though Santa Monica and Venice are doggie beaches? I have seen so many loose dogs and my daughter ended up in dog poo twice. We have doggie beaches for a reason. It’s disgusting and illegal and I don’t want loose dogs running around as I sunbathe.

likeupliftingfunny

1) any good individual therapist recs in LA? East side preferable but any good recs appreciated. 2) any good accountants? Moved to LA during pandemic so don’t know any. Anyone who’s good at working w folks w multi state situations would be great. Thanks!!

like

Subleasing my bedroom in a 3 bedroom apt for the month of June. Fully furnished space in Highland Park. Comes with a parking spot as well!

like

How did you meet your s/o?

likefunny

Realistically, can we expect things to get better in LA County by mid March maybe?

By “better” I mean some initial steps toward restoring outdoor dining and such.

funnylike

Best Dim Sum and/or dumpling spots?

like

Any recommendations for bars or restaurants open in DTLA area? Thanks!

like

Hi everyone, nice to meet you. If you or anyone you know is looking for an apartment in Brentwood, I will have an opening in April for my 2B2B. $1475 per month. Let me know!

Post Photo
like

Does anyone have a dentist near Silverlake they like?

like

Anyone in LA want to do a apt swap for 2-5 day weekend in NYC/Chelsea - high rise doorman building, nicely furnished for 1-2 people.

like

Does anyone have a PCP on the West Side they would recommend? And/or a dermatologist? Thanks!

like

Where do you ladies get facials in LA?

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

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

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