What are people planning with their Austin investment properties? The prices drops have been scary! Is it temporary? I own 7 homes and 4 are underwater currently :(

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

Section 8 - raise every year with inspections every quarter

like

Oh wow. Here we go

funny

I assume these are investment properties. Are you covering your expenses?

Being underwater doesn’t mean anything until you sell. I’ve been underwater on my primary before, but held out long enough for the cycle to run it’s course. If you’re covering expenses, you should be fine. If you’re not, that’s not good and you may want to cut bait on 1 or 2.

How long ago did you buy these properties? How much did you put down?

like

Related Posts

Is there a home buying group for Seattle area?

like

How do I transfer my PF amount to new organisation from HCL

like

Is there a legal way for an international student in the US to earn money on the side?

like

Do desi consultants opt for 401K? Upside/downside?

like

I’m leaving my job soon but I’m wondering if I should be truthful when I hand in my letter of resignation. There’s a ton of reasons but it boils down to: I’m worth more than they can pay me and I need to pay off these student loans. What should I say?

like

Expecting to travel frequently along the west coast this year for work... any credit cards/rewards program reccs? I already have CSR but in the market for another airline or hotel credit card

like

Joining D soon as manager. Can we use Interactivebroker for stock trading?

like

I just received an offer to lateral into banking. How does independence affect the stocks I currently own? If I join and my stocks are on a restricted list will I have to sell them? Or will I be limited to being unable to buy more/sell any during the course of my employment.

likeuplifting

How does the housing market work exactly, like, what determines whether prices go up or down?

like

Have 50k in brokerage to put towards buying a place in Atlanta. Young 20 something who's lease is ending soon

Roth IRA and 401k are well funded but don't want to pull from there.

Should I buy and rent the extra bedrooms to friends, or stay renting and put savings in stock market?

like

What’s the best way to maximize having both the chase freedom unlimited and sapphire preferred?

For context, I’ve had the unlimited for 2 years and just opened the preferred because of the bonus offer. I will hit the $4k spending target, but after that, what’s the best way to use these two in tandem, given the unlimited rewards are all around much better.

like

How do you recalculate NAV if ownership percentage times the capital balance per the audited financial statement is leading to a variance

like

Would you invest in individual stocks if you're invested in a fund that includes those stocks as well? Why or why not?

like

Roth vs Traditional 401k, thoughts?

like

Can someone please explain the process of selling a home when you have an Islamic loan? Since it’s profit sharing i don’t fully own the home right? So if i sell it i can’t take full profits since i don’t own it outright. I’m considering Islamic financing but have so many questions about it. Can you take an equity line? Can you write off mortgage interest?

like

28 year old with ~125k in cash/brokerage. Have been wanting to begin purchasing rentals but anxious to use a good bit of my liquid savings. Thoughts on biting the bullet vs. investing in stocks. In Houston if that is a factor

like

Looking to buy Rolex OP. Thoughts on new vs used? Is the additional ~2k worth it for new?

Which demat accounts can a Citi employee hold ?
Is only Kotak securities allowed ? Are there any exceptions ?

like

People worrying today should read books on trading psychology! Not being patronizing- it will help you in the future, not just for investments but for doing better in life!

like

I am new to the professional world, but I am confused about where I put my money once I have collected my emergency funds, I do not want to do trading but want to play a long term goal of investing, some good advice please?

like

More Posts

my last package was 4.8 how much I can expect in EY GDS having 5 year experience???

Please help

Curious how much Amazon Web Services account managers make and what their job responsibilities are? Thanks!

like

Probably worst time but I’m looking to relocate to AUS from Canada - thoughts on this occurring in next 12 months giving hiring environment? Hard to tell without being there on the ground

like

ZS Associates
I have a couple of questions for ZS fishes-

1. Is it possible to turn down a promotion at ZS? I'm currently happy with my responsibilities as a Decision Analytics Consultant and don't want any added responsibilities in the near future (next 5 years)

2. Is it possible to shape up a career path in the BC stream which doesn't involve business development? I don't want to get into working on SOWs and RFPs.

like

Anyone know if any Tech/FAANG companies hiring in Sourcing and Supply Chain management roles?

like

Healthcare consulting practice. Deloitte vs Accenture vs other players. Thoughts on who has the best practice overall?

And any insight/who has the best practice in the provider space specifically?

like

How much do mid-level sales people do in SaaS? (Base Salary and commission structure)

like

Hi
Applied for a position in Johnson and Johnson Canada. Reached the final round 3 weeks back. After not getting any updates I emailed the HR a couple of weeks back. They responded back telling me that they’ll have an update for me the next week. Again I emailed them on Thursday asking if they have anything for me before the long weekend ( Good Friday & Easter). No response whatsoever. Will emailing them again be inappropriate? I desperately need this job

like

What types of projects we can expect in citiustech since it's healthcare domain?

like

For those who have started traveling again... I recently started flying for work and am noticing increased discrimination on Delta Airlines. As a brown person have experienced that in the past, but lately it’s blatant. I’m a diamond and a million miler however, I see more and more out of turn upgrades. Have you experienced and what dis you do about it?

Besides salary is there any additional bonuses, stock options, etc to expect as you advance to SVP and EVP?

like

What would folks expect for an AD job, paid social/social strategy in LA? And would you expect a lot more in SF?

like

Going to New Orleans this New Years! Have our first anniversary. Tips on what to do? Where to eat?

like

I have been tagged for this project that doesn’t start until June 10th. My utilization is going to drop significantly but at the same time the deployment team cannot present me elsewhere. Ugh!

like

Happy 2017 everyone!! How's everyone feeling?

like

Hi Fishes,

I have joined coforge on November 2nd and I got offer from ITC today...Can I switch to ITC by obscanding will there be any issues...Please guys please give your suggestions

Im working at a big multi-product company and we're having 5 dedicated product teams, however, teams are working in silos. Each team's has its own process, design system, technology etc. We identified that most of the teams use and need components that were already conceptualised, designed and developed, for our other products, and we are starting to create a global set of components, a global design system that we will use on all our products. What is your approach?

like

Which is the best company to join boeing or infosys

Infosys - 13 fixed + 1.5 variable + 1L (joining bonus)
Boeing - 11.3 fixed +90T ( yearly bonus)

YOE - 3

like

Hey Fishes, What is the salary band range for a DevOps Engineer with 2 years of experience?

like

Does PWC dubai offer mobile phone as an IT asset to senior associates?

like

Additional Posts in The Real Estate Bowl

Hey everyone, curious about pros/cons and profitability of renting out a unit long term vs AirBnB. Let’s say it’s a condo downtown in a big city, how do you figure out what’s the better option?

like

28 year old with ~125k in cash/brokerage. Have been wanting to begin purchasing rentals but anxious to use a good bit of my liquid savings. Thoughts on biting the bullet vs. investing in stocks. In Houston if that is a factor

like

Better mortgage vs. Rocket mortgage - anyone shopped with both and what swing your decision?

like

Question for folks with second homes: Considering buying a vacation home but would be primarily for family use. We currently have a primary residence with a mortgage balance of ~640K, so my understanding is I could only deduct the mortgage interest on 110K of the second mortgage to stay under the 750K cap. If I were to buy the second home through an LLC, would that allow me to exceed that 750K since the expenses of the second home would be pass through expenses/income?

like

Any potential flags/benefits for dual agency? My agent and the seller's agent work for the same company.

like

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!

like

Do you thank your tenants for paying the rent? A quick thank you text?

like

How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

like

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

like

Is it common for HOA to ask you to prove your car registration is up to date?

like

Who is still in denial about a housing correction? The Fed just made another .75% increase. Powell said they won’t stop until inflation is 2%. He also said a recession would be better than the consequences of unchecked inflation. He announced he will bring rates to a “restrictive level” until “the job is done”. He said that labor demand needs to soften (ie: layoffs). He very explicitly said he wants to slash demand and that housing needs a “correction”.

like

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?

like

Finally got an offer accepted on a home I love! (In DC) Spent months searching. Next thing is getting to the closing date.

Now I feel super anxious about everything going thru and getting the keys. How difficult is that process of getting to close, have heard the underwriting portion could be a headache?

like

Has anyone here used New Western to buy real estate deals?

like

Our appraisal came through exactly as the offer price we put. Apparently by lenders 3rd party. Isnt that a bit fishy? If it came in lower our contract has the option to negotiate a bit with seller. Is lender just trying to push this along faster? I'm pretty sure in this crazy market the home is not valued at what we offered. Why would seller put a much lower asking price then? Make no sense. Please advise!

likehelpful

Any one knows what’s the easiest way to order a radon test for new construction?

like

My assumption is that one makes money in RE with leverage. So, would you never let your equity in any given property get above certain% (I.e re-leverage and invest elsewhere) or would one eventually want to own a property outright?

like

What is the term for giving your home buyers a credit for immediate renovations they will have to do before or upon moving in? And how does it affect the seller?

like

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.

like

How long did it take you to purchase your first rental property once you started looking? I’ve been working with an agent for about a month with one offer not accepted, feeling discouraged

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