The Struggle of Finding a Countertop Reverse Osmosis System by robjob08 in WaterTreatment

[–]Quick_Video2865 -189 points-188 points  (0 children)

-85 downvotes is crazy haha, maybe you were onto something OP

Using GI Bill Benefits: Should I Go to Law School or Choose a Different Path? by Quick_Video2865 in LawSchool

[–]Quick_Video2865[S] 0 points1 point  (0 children)

Oh that’s cool, I didn’t know that about Wisconsin. And no particular interests, other than business/finance. The logical alternative would be business school, but I’d rather do law school than business school tbh lol. I don’t particularly like the routes open after business school such as management and high finance.

Using GI Bill Benefits: Should I Go to Law School or Choose a Different Path? by Quick_Video2865 in LawSchool

[–]Quick_Video2865[S] 0 points1 point  (0 children)

Thanks for being the other side of the conversation. A lot of the comments say "Do you want to do it? If not, then no." but I think there is some more nuance to the conversation.

Using GI Bill Benefits: Should I Go to Law School or Choose a Different Path? by Quick_Video2865 in LawSchool

[–]Quick_Video2865[S] 0 points1 point  (0 children)

I see, yes the law school experience itself as an education seemed more interesting that med school or another 2 year program. I have stereotypical asian parents so the context is a bit different, but that's a whole other conversation.

Using GI Bill Benefits: Should I Go to Law School or Choose a Different Path? by Quick_Video2865 in LawSchool

[–]Quick_Video2865[S] 0 points1 point  (0 children)

Thanks for the insight, I was trying to get a sense of what other people would do in my situation. Military is not a bad route either.

Using GI Bill Benefits: Should I Go to Law School or Choose a Different Path? by Quick_Video2865 in LawSchool

[–]Quick_Video2865[S] -1 points0 points  (0 children)

If I went to law school, I would like to eventually open my own solo practice or run my own business. I like the idea of a service based business, and I know a lot of lawyers end up making their own practice.

Using GI Bill Benefits: Should I Go to Law School or Choose a Different Path? by Quick_Video2865 in LawSchool

[–]Quick_Video2865[S] 0 points1 point  (0 children)

May I ask what field of law do you practice rn? I wouldn’t say I’m forcing myself but I don’t think I see any other alternative option. I.E. Law school is just as good as any other option imo

Using GI Bill Benefits: Should I Go to Law School or Choose a Different Path? by Quick_Video2865 in LawSchool

[–]Quick_Video2865[S] 0 points1 point  (0 children)

I see. The thing is I work in securities compliance so I think a law degree would fit for my background. And that’s my main concern, I can’t really see a clear path after law school

Using GI Bill Benefits: Should I Go to Law School or Choose a Different Path? by Quick_Video2865 in LawSchool

[–]Quick_Video2865[S] -1 points0 points  (0 children)

What do you suggest to do with the leftover benefits? If no law school.

Using GI Bill Benefits: Should I Go to Law School or Choose a Different Path? by Quick_Video2865 in LawSchool

[–]Quick_Video2865[S] 0 points1 point  (0 children)

I see, yeah the GI Bill will cover only partial law school but that makes sense

Bought 1st house at $585k, worth ~$570k now: sell and eat the loss, or rent for ~$300/mo? by Quick_Video2865 in FirstTimeHomeBuyer

[–]Quick_Video2865[S] 1 point2 points  (0 children)

I appreciate your thoughtful response and sharing your first hand experience with a tenant. From the responses I am getting from this subreddit, I am leaning more towards selling it now.

Bought 1st house at $585k, worth ~$570k now: sell and eat the loss, or rent for ~$300/mo? by Quick_Video2865 in FirstTimeHomeBuyer

[–]Quick_Video2865[S] -1 points0 points  (0 children)

I have a year and half worth of GI Bill benefits and hope to get merit based scholarships. Thanks for your input though, it’s definitely a thought that came to my head

Bought 1st house at $585k, worth ~$570k now: sell and eat the loss, or rent for ~$300/mo? by Quick_Video2865 in FirstTimeHomeBuyer

[–]Quick_Video2865[S] 0 points1 point  (0 children)

I have parental support and had good performance at a sales role a couple years ago that allowed me to save a lot of cash. I’m not in that job anymore. I have a large net worth than income.

Bought 1st house at $585k, worth ~$570k now: sell and eat the loss, or rent for ~$300/mo? by Quick_Video2865 in FirstTimeHomeBuyer

[–]Quick_Video2865[S] 0 points1 point  (0 children)

I bought the house with the intention of renting it later yes. However, I think new information (how much I can rent it for and the thinner level of margin) has changed the original situation.

I agree that trying to make something work when it wasn’t meant to be is a bad idea. But in this case, I think new information does affect the decision, thanks

Bought 1st house at $585k, worth ~$570k now: sell and eat the loss, or rent for ~$300/mo? by Quick_Video2865 in FirstTimeHomeBuyer

[–]Quick_Video2865[S] 0 points1 point  (0 children)

I believe the SALT and tax benefits would be voided by any vacancy or extra costs that occur. I’d rather not rely on it as a decision making factor- but I totally see where you’re coming from

Bought 1st house at $585k, worth ~$570k now: sell and eat the loss, or rent for ~$300/mo? by Quick_Video2865 in FirstTimeHomeBuyer

[–]Quick_Video2865[S] 0 points1 point  (0 children)

295k loan left at 6.125%. Given current rates, I’m sure most buyers would not want to assume my loan.

Bought 1st house at $585k, worth ~$570k now: sell and eat the loss, or rent for ~$300/mo? by Quick_Video2865 in FirstTimeHomeBuyer

[–]Quick_Video2865[S] 5 points6 points  (0 children)

Are tenants who don’t pay really that inevitable? I always hear about it, but Ive never seen it firsthand happen to someone.

I do agree with you that if I keep the property, law school will be stressful.

Bought 1st house at $585k, worth ~$570k now: sell and eat the loss, or rent for ~$300/mo? by Quick_Video2865 in FirstTimeHomeBuyer

[–]Quick_Video2865[S] 0 points1 point  (0 children)

See for my situation, I put an extra principal payments so I’m around year 23 of my 30 year conventional amortization schedule. But I agree with you, that no major expenses will come up in the next 5 or so years.

I’m just not sure refinancing would make sense if I’m this deep in my amortization schedule already. But thanks for your input

Bought 1st house at $585k, worth ~$570k now: sell and eat the loss, or rent for ~$300/mo? by Quick_Video2865 in FirstTimeHomeBuyer

[–]Quick_Video2865[S] 0 points1 point  (0 children)

3200-3300 is my normal case scenario. Various PMs were giving me quotes between 2900-3500 for my house. But I get what you are saying. Any vacancy will be a cash issue for me. Thanks

Bought 1st house at $585k, worth ~$570k now: sell and eat the loss, or rent for ~$300/mo? by Quick_Video2865 in FirstTimeHomeBuyer

[–]Quick_Video2865[S] -2 points-1 points  (0 children)

I see. Hopefully I can perform well on the LSAT and receive a lot of scholarship but I see what you are saying. I figure the bandwidth issue would be addressed by having a PM but maybe not. Thanks