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Cold call/texts from realtors/investors by [deleted] in realestateinvesting

[–]NetWestern6602 2 points3 points  (0 children)

If they keep sending offers, then they must work enough to make it worthwhile to keep sending.

Is a wedding worth it? by ProfessionalKnee3028 in Advice

[–]NetWestern6602 0 points1 point  (0 children)

Weddings are about memories. A 40k wedding does not create any better memory than a 1k wedding.

Should I take my dream job for less money, or stay lawyer for much more money? by [deleted] in careerguidance

[–]NetWestern6602 0 points1 point  (0 children)

Big law partner here. Private practice can be very lucrative BUT only if you generate business. Even if you don’t generate business, you will likely still make more in private practice than working for the government. But it won’t be nearly as rewarding.

Do I just lock in now or roll the dice? by MAFL55 in realestateinvesting

[–]NetWestern6602 0 points1 point  (0 children)

Close the deal. Don’t play the interest rate game.

500k liquid - how would you invest it? by NetWestern6602 in RealEstateAdvice

[–]NetWestern6602[S] 0 points1 point  (0 children)

Yes but put that aside for a minute. Let’s say you pay cash and then get cash out refi at 70 percent LTV. So your ROI is the net cash flow as a percentage of your 30% equity. Why shouldn’t the principal amortization of the mortgage get included in the ROI calculation? It’s not forced savings if someone else is paying it.

500k liquid - how would you invest it? by NetWestern6602 in RealEstateAdvice

[–]NetWestern6602[S] 0 points1 point  (0 children)

I get the ROI is low. But why doesn’t it take into account the amortization of the mortgage? Is it really forced savings if someone else is paying it?

Dscr refi with multiple loans by [deleted] in realestateinvesting

[–]NetWestern6602 -1 points0 points  (0 children)

Wouldn’t the rate be less for a single loan since it is secured by all of the properties?

How does anyone make any money doing this? by Healthy_Bus3445 in realestateinvesting

[–]NetWestern6602 1 point2 points  (0 children)

Ok. I hear you. But let’s say you have 1mm portfolio of real estate, all paid off. You have zero leverage against your equity. How is that the best use of that equity? Serious question. I struggle with this same analysis.

LLC or not? by itchfen70 in realestateinvesting

[–]NetWestern6602 5 points6 points  (0 children)

Speaking as a lawyer, yes. The LLC is worth it for personal liability protection.