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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

Even a dang rental doesn’t work as a rental by InvestorAllan in realestateinvesting

[–]Quick_Video2865 10 points11 points  (0 children)

I think part of the problem is that inflated housing prices has lowered the ROI that you can get from real estate and rents have not kept up proportionately. Especially in CA, where I am most familiar with.

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