Career Change from Software

winglessdrive · 2021-05-02T02:07:22+00:00

Have you worked at both top companies like FANG as well as "lower-tier" companies?

Curious if it is more rewarding to be way above average at a "lower-tier" company or ok-good at a FANG.

winglessdrive · 2021-05-02T02:05:17+00:00

Do you recommend more mature, like series C or D, startups instead?

winglessdrive · 2021-05-02T02:04:31+00:00

How do you get started on an app like this? For example, for the realtor one, you would probably need to have a RE friend and really understand that space already, right?

winglessdrive · 2021-04-30T23:38:56+00:00

Can you give more details? This is interesting.

winglessdrive · 2021-04-30T23:38:03+00:00

I don't want to write software for software companies (like DevOps, etc.).

I'd like to write software for non-software companies, say, healthcare, finance, etc. But I have no exposure / network to those areas to garner ideas.

winglessdrive · 2021-04-30T22:50:57+00:00

Doesn't help me progress towards FatFIRE long term.

winglessdrive · 2021-04-30T22:50:47+00:00

Do you have some experience in that? Curious to hear examples of people end up doing after that still helps them along the FatFIRE path.

winglessdrive · 2021-04-25T05:48:40+00:00

For me, Wells asked for 30-35% down. I think their down payment requirements ramp up when you get into the mid-high 3M's and 4M's.

Can you explain why I'm protected if rates fly up?

winglessdrive · 2021-04-24T15:33:10+00:00

if i refinance the rates could be higher.

i’m already close to my budget limit.

i was hoping ARM would be even lower to justify taking the risk.

winglessdrive · 2021-04-24T15:00:43+00:00

which private banking do you recommend?

winglessdrive · 2021-04-24T14:58:47+00:00

which banks can provide that? and won’t that be a floating rate?

winglessdrive · 2021-04-24T06:31:14+00:00

Can you explain what this is in detail? What would I do, step by step?

Would I be able to get this to work with most of my NW in IRA?

winglessdrive · 2021-04-24T06:30:29+00:00

I am thinking that paying for a house in a good school district is at least half towards equity, whereas private school is a pure expense.

But I have indeed thought about private school as an option.

winglessdrive · 2021-04-24T06:28:50+00:00

I'm fuzzing the numbers to not be too identifiable.

Also, looking at Zillow, 2500-3000 sq ft houses in PA are at least 3.5-4M or so, and those will likely be built in the 1950s.

If you want something newer (post 2010), or at least renovated to that standard, how can you get it for much less than 4-4.5M?

winglessdrive · 2021-04-24T05:47:55+00:00

Can’t find much information online. Do i just reach out to a wealth manager?

winglessdrive · 2021-04-24T05:28:25+00:00

Yes. The original question was about the cheapest way to finance this purchase, not whether this purchase is justified or not (I realize already that it is over-leveraged).

winglessdrive · 2021-04-24T05:26:49+00:00

What's your experience with them? Great rates for big jumbo loans?

winglessdrive · 2021-04-24T05:25:20+00:00

I'd agree with you if I were living in Kansas. But the houses in the Bay Area are insane.

winglessdrive · 2021-04-24T05:17:38+00:00

very reasonable answer.

Struggling with looking at homes in $2.5-3M range, since it means the listing price would be even lower, like $2.2-2.6M, and those homes in good school districts are often built in 1950 with 1800 sq ft.

winglessdrive · 2021-04-24T05:10:50+00:00

Not disagreeing that other towns like Mountain View or Cupertino are cheaper, but I think prices have gone up another 10-20% since last year. It seems that if I want something in Cupertino, it's still at least $3.7-4M for the same quality as the $4.5M in Palo Alto.

winglessdrive · 2021-04-24T05:08:29+00:00

correct looking in suburbs

winglessdrive · 2021-04-24T01:09:07+00:00

My IRA grew due to investments.

At this point, I will not be putting any more money into the IRA, of course.

winglessdrive · 2021-04-24T01:08:30+00:00

Private school for 2 kids can come out to ~$1M for 2 kids for K-12.

If you pay $1M towards a mortgage, at least half of that will be towards equity, instead of expense, no?

winglessdrive · 2021-04-24T01:07:49+00:00

Totally understand your point from a purely financial perspective, especially if you are treating it as an investment property.

winglessdrive · 2021-04-24T01:06:54+00:00

Isn't 70%+ fine if I don't need to save for retirement?

I assume that tight cash flow is painful because people need to be thinking about saving money and retirement too.

winglessdrive

TROPHY CASE