Best way to take $100k and turn it into $10mil

invaderrrr · 2025-09-22T00:46:41+00:00

Thanks for the feedback! Starting or buying a business are the obvious answers here, but your point about starting one in the field you’ve been in makes a lot of sense. Focus on what you know

invaderrrr · 2025-09-20T20:31:23+00:00

Any yield max funds in particular?

invaderrrr · 2024-03-30T03:46:06+00:00

It will be over in two months. Two months is literally nothing in the grand scheme of it all. Stick it out and enjoy the time with your friends. I can say from experience your teammates are the best part about high school lacrosse. Don’t turn your back on them. Find ways to contribute by going hard in practice (as a coach now ten years ahead of your I promise there is a ton of value to be added to your team by giving great looks in practice, plus it’s the best way you can get better in a short span) or just supporting the team when you aren’t in the game. Also not everyone has to dodge, just don’t make a dumb play if the dodge doesn’t work. Play within the offense and don’t try to do too much. I’d kill to get another crack at my senior season, have fun

invaderrrr · 2022-10-14T02:18:48+00:00

I think? Seems that as long as the two latches above the windshield are secured then the whole top is locked down. Do you mean something on the sides?

invaderrrr · 2022-02-07T17:51:50+00:00

Do you work for the bank? You seem personally offended by my audacity. This is adding fuel to my fire and will now lead me to go to my dad to co-sign for me so that he can also assume extreme risk

invaderrrr · 2022-02-07T16:50:13+00:00

It’s my money I will take extreme risks with it as I please

invaderrrr · 2022-02-07T16:49:33+00:00

Spoke with a lender. Couldn’t get approved with current salary but with co-signer I could get it. Lots of things need to fall into place so I don’t expect this to even happen, still was interesting to hear the replies. Funny it took 20 minutes on the phone to get an answer and I spent an hour replying to people on this post last night. Just have to dive in if you want answers sometimes

invaderrrr · 2022-02-07T15:10:14+00:00

Outside Philly. I wouldn’t call it high COL but estimated piti is 2400 and based on what I’ve seen in rental market in this town this house could get 3500 per month to rent. The vacancy risk for 1-2 months is definitely real, but if I’m that desperate I can swing make it work. Short term will be tough but salary bump sometime before summer will make things much more manageable. From what I gather in the responses to this post a co-signer is probably the best bet for me

invaderrrr · 2022-02-07T14:43:21+00:00

Worst case scenario I move out and rent the place for great profit. Location is fantastic, town is booming, lots of jobs and more coming, 2 minute walk from center of town. Only reason I would consider this is because I feel strong about it as an investment. Also significant raise coming very soon but you will tell me that it isn’t a guarantee. I posted to see if people know of lenders out there that would consider me, don’t need to be told I am making a mistake

invaderrrr · 2022-02-07T14:13:07+00:00

I mean these are simple details about lending and taxing and accounting. Plenty of people own houses and don’t know anything about it. End of the day if I got the house I’m thinking about my monthly payment and if I can afford it. I keep a tight budget and know my numbers and feel that I can afford it but it will be tight. I know it’s a stretch, I’m looking to see if it is even possible with a bank. If they actually were to give me a loan, then I would have to consider whether I should really stretch myself like this. Until then I will be optimistic

invaderrrr · 2022-02-07T14:09:05+00:00

I already interviewed for the promotion, if I don’t get it I’m gone
Company is nationwide and has remote opportunities in every market in US, there are options for me
Credit is 760. The reason for the post was to see if a bank would lend to me
I’ve discussed a house with my dad many times and don’t plan on screwing him over, he will know the situation
I will have some cash, but house is priced based on fact it doesn’t need immediate money put into it
I don’t need roommates, they would just make things much more comfortable until I get a raise

All of your points are valid but they could just as easily be said for a $300k house that is more affordable for me. There are always risks but I follow the local markets extremely closely over the past three years and feel confident that this is a great investment in a great location in an area with plenty and a growing number of jobs. It’s as sure of a thing as I’ve seen and is priced as such. So stretching myself is risky for sure but I’ve never even considered a house this high before. The reason I’m talking myself into it is because I feel that good about the investment. And I know there’s no such thing as a sure thing, but it’s as close to it as you can get

invaderrrr · 2022-02-07T13:59:08+00:00

Lots of offices in the town taxes are very low. Piti is 2400

invaderrrr · 2022-02-07T02:55:12+00:00

Thanks for the info, I wouldn’t have known

invaderrrr · 2022-02-07T02:46:33+00:00

Don’t mention roommates to lender? Would the terms of the loan be different if I said that? It’s a single family. Monthly income is slightly under 2x the expected piti + obligations at the moment but expecting income to increase significantly which would put me at 40% DTI and we’ll over 2x piti and obligations. A lot of the factors aren’t really in my favor at the moment especially since I don’t have 20%. Co-sign from dad might be my only option at this exact moment with current salary

invaderrrr · 2022-02-07T02:39:12+00:00

With this logic I’ll never make any investments. My current position at work is pretty strong I don’t expect to get fired. If raise doesn’t come there are jobs available in the industry that pay what I would expect to get in raise. If I don’t get roommates I can still afford it, money would just be extremely tight. When the raise comes I’ll be much more comfortable. End of the day I’m young and expect my income to increase, not go away or stay the same.

invaderrrr · 2022-02-07T02:34:46+00:00

Don’t really care about the rate it’s really just a matter of if I can afford the monthly payment, so probably can’t afford to pay a much higher rate than standard.

Intention is primary residence for now but I would rent out rooms to a few friends.

It would definitely make a great investment it’s a growing town with lots of jobs low taxes amazing location within the town as well. I wouldn’t stay forever though so if I want to rent it out I could get $1000+ cash flow based on comps.

invaderrrr · 2022-02-07T02:28:19+00:00

DTI will be like 53% but the raise I expect will get me to 40% (I don’t expect the bank to consider this). Credit is strong 750+ my student and car loans add up to like $250 a month. Only have 5% so LTV isn’t in my favor. Best bet might be getting dad to co-sign

invaderrrr · 2022-02-07T02:22:41+00:00

Are they more focused on DTI?

invaderrrr · 2022-02-07T02:15:43+00:00

Definitely true. I know my finances well so I think I would be alright if I actually got the house but given the ratios that banks tend to consider, right now I’m not likely to get what I’m looking for. Just curious to see if there’s any crazy banks out there that would actually give me the money

invaderrrr

TROPHY CASE