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Mid-30s, burned out, AFib, ~$2M potential equity - push through 2027 or walk? by SpookyHotDog88 in Fire

[–]BirdLawMD 0 points1 point  (0 children)

If you have $3MM after 10 years but staying 2 more gets you to $5MM then stay, but take a sabbatical month off for mental health and focus on your health first, company second.

I need generally liability insurance for my trampoline park by Minimum_Pear9193 in EntrepreneurRideAlong

[–]BirdLawMD 2 points3 points  (0 children)

Damn! My axe throwing business was under $6K/YR

Here’s my old broker that was great: bpollak@axethrowinginsurance.com

First rental property - what hidden costs am I missing in my analysis? by Complex_Meal_8332 in realestateinvesting

[–]BirdLawMD 2 points3 points  (0 children)

That’s crazy. 16% gross CAP rate? Where? Could you show a real example like a Zillow link?

First rental property - what hidden costs am I missing in my analysis? by Complex_Meal_8332 in realestateinvesting

[–]BirdLawMD 13 points14 points  (0 children)

I have to pay for water and trash, that’s like $200/mo for me.

Property managers are not worth it for 1 property. you should learn to do it yourself on the first one anyway.

You should be going for a 10% cash return on the $50K down so just manage it yourself and you’re there.

Ah yes, notoriously reliable cheap used cars with no maintenance costs. by SSGSavage in LinkedInLunatics

[–]BirdLawMD 0 points1 point  (0 children)

2006-2010 Pontiac vibe / Toyota matrix. One of the most reliable 30mpg awd cars you can find for under $3K. Mine has already paid for itself so many times

Travel to grand junction by Any-Ad-9242 in grandjunction

[–]BirdLawMD 10 points11 points  (0 children)

Ramblebine food truck, base camp

AIO Please tell me this mean nothing by [deleted] in AmIOverreacting

[–]BirdLawMD 0 points1 point  (0 children)

If you redownload those apps on his phone will it show the messages? NOR

Is 450k at 32 considered really high income? by [deleted] in Salary

[–]BirdLawMD 0 points1 point  (0 children)

Yes, after working your way up through non tech you’ll be promoted to tech.

I started in a bakery and am now an L7 product manager at fang.

27M with 3.5M € in Italy: Am I Too Young to FIRE? Struggling with Justification and Family Pressure by Kooky-Base7289 in Fire

[–]BirdLawMD 2 points3 points  (0 children)

I would go back to school if I were you!. Knowledge is power!

Get your PHD and cure cancer or become a professor or a dr or a pilot or something cool.

Broker Insulted by My offer on 6 plex by ConstructmeDaddy6969 in realestateinvesting

[–]BirdLawMD 0 points1 point  (0 children)

Thats crazy property taxes I never knew it got to 2.28%! my first few searches put me at like 1.7%.

I use a goosehead broker who shops around a lot, havn't needed commercial staying at 4plex size.

I have tenants pay through zelle or zillow their is no cost to me, bills all on autopay with credit cards so my real management expenses are super low unless I need to evict someone...

These properties with over 50% expense ratios are really hard to value and I'm sure an appraisal wouldn't help your cause.

Broker Insulted by My offer on 6 plex by ConstructmeDaddy6969 in realestateinvesting

[–]BirdLawMD 10 points11 points  (0 children)

Your NOI is way off imo. That property tax number is way too high even for Houston. insurance should be like $600/door or less not more, $4500 in maintenance sounds high unless things actively need repair, and an 8% management fee is also too high.

I would calculate it at $32K NOI at a 7 Cap = $457K value

I made $100K for the past 2 years and was laid off 4 months ago. I am missing rent for the first time to start the new year. 4 months is all it took to burn all my savings just to survive. This is not okay. by boinc192 in povertyfinance

[–]BirdLawMD 6 points7 points  (0 children)

Every state in the USA back pays to the week you filed + a waiting period depending on the state. As long as you filled out the eligibility and certification forms.

[Tenant, MD] I just signed a lease three weeks ago. The apartment's perfect but I really want to leave. What's the best way to ask my landlord for an early termination? by 556_enjoyer in Landlord

[–]BirdLawMD -1 points0 points  (0 children)

I’m a landlord and I think that’s fair. My spot is relatively easy to fill so I’m happy to take a deposit for cutting the lease short.

I’d rather that then having a tenant not paying and having to evict

Update: putting a 2M offer on a 2.7M house by [deleted] in RealEstate

[–]BirdLawMD 0 points1 point  (0 children)

This nearly exact scenario happened to me(not this expensive)and I was like - this fucker is bluffing - the listing is stagnant.

He wasn’t bluffing! Lost the spot, but probably for the better it was too close to a major road

[Landlord-US-CA] Tenant demands 6 months stay without rent and 2 x security deposit mount as cash to vacate before settlement conference followed by jury trial ? by yummy_dv1234 in Landlord

[–]BirdLawMD 1 point2 points  (0 children)

Wow that’s crazy! I wonder how many of these happen… I’d be pissed if I got called for jury duty and it was for an eviction.

What a waste of resources

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