What is the consequence of waiving appraisal and having it come back as lower?

🍂November JOB THREAD!

Do you know of an opening or opportunity?

Share it in the comments below! Help another Fish. 🤝

Hi Fishes,

If anyone is looking to buy Life/Health insurance product please connect, we can avail good deals and discounts.

What are the typical working hours for back office staffs? 9-5 pm or 8-5?

Who is trying to get together for a meet up in NYC? Want to start bring minorities in our industry together.

I swear gov Cuomo is really surfacing as an amazing leader during this crisis.

Hi there. What is considered a good salary for a project manager?

Do you write cover letters? I usually write them but it feels like a waste of time.

Hi all. Can you share some details about the CSG senior associate role? Is CSG the same practice as Turnaround/ Restructuring practice or is it a different domain? I am currently applying for the CSG role and wanted to learn more about this

My boss was telling me during SARS time ppl were racist towards Asians, didn’t believe her until today I got cut off on the street and a guy stared me down. Sign.

Hi fishes, Had discussion with TCS HR and he told he need to take approval for 21.5LPA as my current CTC is already on an higher level, My YOE is 7+ now , Will they offer me 21.5 lpa? Does the approval take place in TCS or just HR is ghosting me ?

How are ppl feeling about Miami as a city to live in since you can work remote now?

(extent of my knowledge comes from Will Smith movies and songs)

Any one recently joined Indeed? Want to know if Indeed asked for a reliving/experience letter from the previous employer. I am joining Indeed in July. I am going through a rough patch with my current employer, ever since I put in my notice 🤦‍♂️ Its got to the point of them threatening to not provide a experience/reliving letter…
I can provide references and recommendations. Before leaving, I just want to ensure that I am equipping my successor to take care of my product and build it further…

Does LTA and phone allowance are processed each month as a taxable income if we do not produce the bills ?

Shout out to everyone who’s ever had a white paper to “copyedit” that they just ended up rewriting entirely. I’m there today.

Any book recommendations on Clinical Trial Agreements?

From a financial standpoint in this market, which would be a better approach in Austin -

1. Buy a ~8-850k house that meets most of our ideal criteria (size, schools, interiors etc) to stay long term

2. Buy a ~5-550k house that’s not ideal with the plan of moving into an ideal home in 4-5 years when kid is ready for school.

How easy is it to get a mortgage for the second home?

Household income - 300k

Happy to add more details as needed

Thanks

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.

Anyone punched out of state 4-10 unit apt building? How did you find the listing?

I am moving to Charlotte, NC for a new job. I currently live in Portland, OR and have a single family home here. With my income, and current mortgage, I can afford a 350k house I’m Charlotte with about 10% down. What are the pros and cons of buying a new place in Charlotte and then sell my house in Portland?

For people who recently refinanced, bought or is in the process of buying a new home, what APR did you get?

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

I would like to learn more about development and real estate. Can anyone recommend any books or courses that you think are informative. Eventually I would like to own a few apartment buildings, but I know there is a lot I need to learn 1st. Any advice appreciated. 

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

How might I start to evaluate whether or not it’s worth it to keep my current primary residence and turn it into a rental, instead of selling and using the cash to roll into the next down payment for our next home? Currently in our “starter home” and thinking to upgrade in a few years. Some figures to consider for current house - 299k purchase price, 240k left on mortgage, could prob rent for 2250-2500/month, or sell for 375k. It’s in a desired school district, but in the “city” tax district.

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?

If u have a house under my name if i move it to an llc what happens? Do i refinance to prevent a due on sale clause?

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

Looking to buy a vacation home on the west coast not in a major city. West coast so it doesn’t take too long to get there. Could consider other areas, but don’t want to spend too much time traveling there. Budget is under $700k for 3 bedroom, at least 2k sqft. Any ideas?

I am wanting to start investing in real estate in the new year… I’m using this month to read up on it and familiarize myself with it. I am a true beginner and wanted to ask for any tips, tricks, advice, books, videos, magazines, podcasts, etc to start? Please let me know!

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!

Any Property Management recs in Seattle area? :(

Has anyone bought property where the EPA has remediated the site for lead contamination in the soil? If so what’s your experience?

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

I’m in Dallas and have been renting for 5 years. I don’t have any savings, but have about 30k in my 401k. Im thinking about leveraging that to buy a condo/or house. Is that a good idea or am I in over my head? I mostly want to, because I’m tired of renting and I’ve read reports that prices will only continue to go up. Although, I will have to pay back the 401k + pay rent, so maybe not a good idea. Advice/resources would be helpful.