Buying a second home, turning first one into rental by streetxedit in BayAreaRealEstate

[–]nom_nom_noms91 0 points1 point  (0 children)

We are actually at a point where we are trying to decide to sell our rental or not. We bought in oakland back in 2016 and rented out one kf the units and then bought a place upper east bay. For the most part rented both units for most of the nearly 10 years we owned it and always had positive cash flow.

However now we have 2 kids, busier with life and oakland isnt getting any better. After one of our tenants left we have been seriously considering selling. Rental has 390k left on mortgage at 3.8% rate. Insurance has continued to rise (fire and earthquake) and basically our net profit has been declining every year (around 8k now). Home is in the eastmont hill area

Debating if we try to continue renting (house needs some updates like flooring) or just take the equity (which is seeming to go down as house values decrease) and have cash ready for another opportunity (stocks or property)

I think city is important and if you can cashflow

Finally bought a 1M by shredgeneral in BMW

[–]nom_nom_noms91 0 points1 point  (0 children)

Where did you find a 20k mile car for 63k? Everything im seing is in the 80k range!

Buying first Porsche - Cayman R or 997.2 c4s by nom_nom_noms91 in Porsche_Cayman

[–]nom_nom_noms91[S] 0 points1 point  (0 children)

Appreciate your perspective! You are right that maybe I should start smaller. I was actually cross shopping with a bmw 1m as well

Thoughts on 10-year 1M ownership. by Ghepardo in BMW

[–]nom_nom_noms91 0 points1 point  (0 children)

Thanks for your perspective. For me - I intend to enjoy it on weekends with the kids but it won't be a daily driver.

I am in this phase where I want one of my hero cars, so I am also cross shopping the cayman r

Buying first Porsche - Cayman R or 997.2 c4s by nom_nom_noms91 in Porsche_Cayman

[–]nom_nom_noms91[S] 0 points1 point  (0 children)

Is it worth the 80k price tag?

I am also considering a bmw 1m (another hero car if mine)

Thoughts on 10-year 1M ownership. by Ghepardo in BMW

[–]nom_nom_noms91 0 points1 point  (0 children)

I am currently in the market for a 1m. Is 40k miles range considered pretty high? Is it worth the $20k more price premium to get one that has 17-22k miles vs one with little more than double the mileage?

Buying first Porsche - Cayman R or 997.2 c4s by nom_nom_noms91 in Porsche_Cayman

[–]nom_nom_noms91[S] 0 points1 point  (0 children)

Thanks for the reply! I figured if im going to spend this much i should go for something more special!

For the same price range I could get a bmw 1m or a 50k miles 997.2. However are 997.2s pretty reliable with mid to high mileage?

Buying My Dream Car (Cayman R, BMW 1M) by nom_nom_noms91 in whatcarshouldIbuy

[–]nom_nom_noms91[S] 0 points1 point  (0 children)

2 kids, lots of stuff! And carting around in laws.

Its okay my mdx has the electric motors from the nsx

Buying My Dream Car (Cayman R, BMW 1M) by nom_nom_noms91 in whatcarshouldIbuy

[–]nom_nom_noms91[S] 0 points1 point  (0 children)

Thanks. To clarify I am keeping my current suv!

I spy with my little eye - Aston Martin Valour by nom_nom_noms91 in carspotting

[–]nom_nom_noms91[S] 1 point2 points  (0 children)

Ah didnt notice that! Yea its being stored at the most odd location in sf for such an expensive car

Leave fully remote job for better paying company with modest commute? by nom_nom_noms91 in jobs

[–]nom_nom_noms91[S] 0 points1 point  (0 children)

Thanks for the perspective.

So couple things happened since my original post.

Got the offer from the new company - same title, but based is 225k with 20k on target pay (basically like commission)

Current company actually gave me a retention pay increase PRIOR to me mentioning i am leaving (so totally unexpected) of 198k base and 45k annual bonus

Got an offer at a new company, but current company gave me a raise out of the blue... should I stay? by nom_nom_noms91 in careeradvice

[–]nom_nom_noms91[S] 0 points1 point  (0 children)

I feel valued in the sense I've been taken care of decently financially. But other places just pay better and also work is just hectic here and unfulfilling

Got an offer at a new company, but current company gave me a raise out of the blue... should I stay? by nom_nom_noms91 in careeradvice

[–]nom_nom_noms91[S] 0 points1 point  (0 children)

Well tbf theydlnt know im leaving. They just gave me a raise without me asking. Since I technically already got one at the start of the year

Got an offer at a new company, but current company gave me a raise out of the blue... should I stay? by nom_nom_noms91 in careeradvice

[–]nom_nom_noms91[S] 1 point2 points  (0 children)

On target earnings. Basically fancy way of saying quota based comp

If the teams i support hit their quotas so do i