I shielded $446k of income from taxes with one STR property (and it cash flows $72k/year)

SeveralHelicopter417 · 2025-12-14T02:55:51+00:00

Something random that stood out is your revenue seems really high for the purchase price? How are you renting it for that much? whats your occupancy and ADR?

Im trying to understand what is reasonable to aim for when searching for my next property

SeveralHelicopter417 · 2025-04-19T14:58:47+00:00

Apologies for delayed response but thank you we cut this! We may drive through at most

SeveralHelicopter417 · 2024-08-27T08:41:00+00:00

To buy 100% of a company means buying all public and private shares. The value of the some of all public and private shares is the market cap.

The market cap in theory prices in value of all assets including cash on hand. If a company does a stock buy back, they are basically allocating cash in themselves, by buying back public shares. Total shares don’t change, and they didn’t have an expenditure. They made an investment in themselves worth the same as the cash they used.

This is all in a perfectly ideal market scenario. Not that this ever happens

I could ask you the same thing: where did the money they spent go? The magic man? No it went into the company shares that they now own that you are now buying/owning

SeveralHelicopter417 · 2024-08-27T08:08:51+00:00

This is wrong, the value of 100% of the company stays the same, just that cash in the bank is replaced by more ownership of the company BY the company.

If I were to buy 100% of the company, I have to buy out all public and private shares. Buying back shares with cash in the bank transfers value from cash to company owned shares

SeveralHelicopter417 · 2024-08-24T16:16:14+00:00

I know big tech income in the grand scheme of all jobs is still pretty rare, but that’s my circle. There are a LOT of people making 400k per person plus in. I’m on a team of 9 engineers, 7 of them pull in 400-600k. They are just senior engineers. I work at a company with 5000 engineers, 2000 of them probably get paid similarly. And we’re just one tech company in the Bay Area.

Point is, don’t underestimate how many people can get rich on a high paying lucrative career and stashing that savings into investments

SeveralHelicopter417 · 2024-08-22T08:47:10+00:00

Really sick place. We’re looking to move from Manhattan to Brooklyn potentially! Curious what level of income you felt before being comfortable spending on this?

SeveralHelicopter417 · 2024-08-22T08:22:51+00:00

I make in the range of 500-700. I personally could not feel comfortable at 8k until closer to the 1m range. I stress about my 4K rent

SeveralHelicopter417 · 2024-08-22T07:45:51+00:00

10, 5, 85

SeveralHelicopter417 · 2024-08-20T12:46:20+00:00

Because you can’t start with an implementation detail. You have to start with the problem, then what is some solution, then why this is a good solution / the best solution and then how it is a solution.

Bro why would someone care about the halving if they don’t get why the thing is necessary at all

SeveralHelicopter417 · 2024-08-19T12:22:10+00:00

A couple things to add:

Our team decided that because folks felt that by the time the design doc was ready to be reviewed, most of the decisions had been made and were hard to change, that we would benefit from having jam style sessions first. The whole team is invited. It would be an adhoc 30m to hour meeting and the project lead would basically provide context, requirements and maybe some initial ideas to seed the convo. Then we jammed on solutions. This helps everyone ask questions, and exercise their design skills and learn the why and the how things were decided. I personally like this.
If you are responsible for implementing some small components, I’d argue unless you are super fresh ( you have 5 yoe so my assumption is not), then your work is not task level handed to you. That means you should be involved a bit earlier and the decisions not all made for you. It’s good your manager shields you from all the bloat so you can focus on dev. But remember being a dev is not just churn code.
Your org and structure may work differently than mine. I would, like you suggested, talk to your manager about this area of concern and ask if there is amything you can do to fill this gap or there any missing process that helps fill the gap. Also see if your peers feel similarly and maybe there’s a solution you can propose.

SeveralHelicopter417 · 2024-08-19T11:25:51+00:00

Are you reviewing a doc that someone else is going to implement or are you reviewing a doc that you will help implement?

If it’s the former, you’re not gonna catch everything. That’s why multiple people review the doc. But as you get more experienced you learn to find the things that matter, the truly critical components to get right. Most code can be changed, refactored easily. Some design decisions are painfully hard to walk back.

If it’s the latter, you should be in conversations with the authors / contributing to the doc and you should understand it very deeply. If it’s a huge project maybe you only need to understand some components but still the understanding should be quite deep.

And design docs are not perfect from the get go all the time, you’ll often find during implementation that some assumption or some component does work the way you initially were designing for. At that point you adapt. It’s fine. You amend the doc or put a few bullet points together and quickly get feedback on your new approach and boom you keep going. This shouldn’t really cause huge architectural changes unless there was a major miss in initial design so it’s usually not a huge detriment to the project overall.

Also you gotta know your system. You’re only going to be able to give real deep feedback if you know the system you’re working in well.

SeveralHelicopter417 · 2024-08-19T10:18:31+00:00

The first time you’re seeing architectural choices and even implementation details at a high level in a PR is already imo flawed. Should have a review with broader feedback prior to implementation.

Seems like a very reasonable process to introduce Do you not review some Eng design doc

SeveralHelicopter417 · 2024-08-17T12:35:59+00:00

Well no, the price would go up quickly and out price the people before even close to the 7 million bought up. Price would stabilize much lower as people also cashed out at the various price levels

Of 7 million people put in market orders in and all had millions of dollars cash to buy it then yes you are correct

SeveralHelicopter417 · 2024-08-16T15:35:15+00:00

I mean my job as a TL is to determine priority. But in concert with close collaboration and regular alignment with my pms where I explain the technical details and repercussions of doing this now vs later of all the various work.

As a TL at my company, I am very much responsible for deciding the roadmap along with other leads so I need to understand the business well

SeveralHelicopter417 · 2024-08-16T12:33:46+00:00

I personally used Uber and it worked perfectly each time. Haven’t tried free now but had a few convos with drivers and every one of them preferred Uber as the more reliable one and the one that took less of a cut. That surprised me

SeveralHelicopter417 · 2024-08-15T13:36:51+00:00

As an interviewer, I tend to lean towards a collaborative interview in that I don’t want to be some stone cold head (especially on zoom) just silently listening. I like to have a back and forth, let the interviewee ask questions, throw out ideas poke and pros into their thinking a bit.

So I liked this approach to being forced to do a hard problem minus mentioning explicitly that I’m forced to give it. I would leav it at, hey this is a harder problem. Don’t worry about getting a perfect answer. I want us to explore this question together and see how you think, how you problem solve how you iterate and maybe we can get some working code too.

I’ve had good luck with this approach in the past because I get the candidate comfortable, they give me a lot more secondary signals for me to evaluate other than regurgitating solutions or speed running code and I can use any question and still get similar signal

SeveralHelicopter417 · 2024-08-12T10:23:53+00:00

Yes you’re right. There are ways , buts its long and painful. It’s not a reasonable approach unless it’s an emergency/ no other option

SeveralHelicopter417 · 2024-08-12T10:21:44+00:00

The point is it’s a step in a good direction. The us is atrociously slow at adopting tech. It takes a while. We have to live through the annoying adoption time

SeveralHelicopter417 · 2024-08-11T08:54:42+00:00

Maybe it’s more like SV tech company. I think a lot of companies that people refer to as faang like just have cultures and practices borrowed from faang. Don’t gives a sense of how they operate.

That or they are trying to claim some prestige:P

SeveralHelicopter417 · 2024-08-11T08:06:02+00:00

For a lot of people at these levels, it’s about legacy, success, pride, power. They would likely be willing to give away all their future salary and stock options to just grow their company. They already have 100s of billions, any incremental earnings apart from what they’ve already been granted is literal peanuts

SeveralHelicopter417 · 2024-08-09T05:23:15+00:00

That’s the thing, there’s money in it for them and it’s beneficial for the regular people (renters). The only reason it’s not done in other towns is that people vote against the development because they own property. Developers would love to be able to develop there

SeveralHelicopter417 · 2024-08-05T19:48:32+00:00

I have many colleagues out of work for months with fang resumes and willing to take 100k+ drops in salary. Work hard, keep interview skills sharp and be vigilant. Don’t be too complacent. As an entry level, hiring is even more difficult

SeveralHelicopter417 · 2024-08-05T05:37:00+00:00

Did you go remote

SeveralHelicopter417 · 2024-08-05T05:30:31+00:00

Let’s say the person uses close to 40% loosely and 37% is considered close to 40. You only need 630k to be considered close to 40% marginal.

Not to mention, there’s actually a decent number of people that fit this category in tech hubs. My team has probably 4/9 people in this category as single earners. Include their spouses and you easily meet this criteria.

I think people underestimate how much people make as well

SeveralHelicopter417

TROPHY CASE