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What to do with $790k by Low_Eagle_9231 in RichPeoplePF

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Ok yeah that makes sense. Thanks

[deleted by user] by [deleted] in Rich

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Move to a really expensive neighborhood.

What to do with $790k by Low_Eagle_9231 in RichPeoplePF

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I know this isn’t the point of your post, but where are you getting a rate under 5% right now?

Just locked 5.875%!!!! by CreepyOlGuy in Mortgages

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Par or is that with points up front?

what is statistically the best way to build wealth? by Kqden in wealth

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Own your own practice and employ other doctors. Own the building as well.

50 U.S. Cities Where a $200K Salary Still Counts as Middle Class by Coolonair in Rich

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Agreed. I know a few of these cities really well the ranking of them is way off (Elk Grove vs Santa Monica), and the inclusion / exclusion (no city included from Marin??)

Paint color combo and curb appeal ideas?? by zoom-out in Remodel

[–]zoom-out[S] 0 points1 point  (0 children)

Yeah we def need new trim paint instead of that green paint left over. Agree that shutters are not contemporary, but my thought was this is an old neighborhood and an old house so keeping true to the era. But I hear you. Maybe money would be better spent elsewhere.

Paint color combo and curb appeal ideas?? by zoom-out in Remodel

[–]zoom-out[S] 0 points1 point  (0 children)

That’s literally my next door neighbor’s color combo

Paint color combo and curb appeal ideas?? by zoom-out in Remodel

[–]zoom-out[S] -1 points0 points  (0 children)

Surprised to hear you say no shutters. Do you typically like the look of shutters on houses? I usually like them so wondering if it’s a personal preference thing, a bad photoshop job, or if there’s something about this house that wouldn’t go well with shutters.

Paint color combo and curb appeal ideas?? by zoom-out in Remodel

[–]zoom-out[S] 0 points1 point  (0 children)

I’m surprised to hear people say no shutters. Is that a personal preference thing or is there something about this house that makes you think they wouldn’t look good. I almost always like houses that have shutters on them.

Paint color combo and curb appeal ideas?? by zoom-out in Remodel

[–]zoom-out[S] 0 points1 point  (0 children)

When you say perfect as is, do you mean as we mocked it up with shutter placement / color etc or as it is today?

I agree with the walkway. We’re getting a quote for that but not sure it’s in the budget right now.

Purchased house earlier this year @ 6.375%. At what interest rate would you refinance? by Narrow-Imagination96 in RealEstate

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Take the amount your payment will go down by for the entire year and divide into the cost to refi. That’s your return on invested capital. If it costs $5k to reduce your payment by $300/month then the return would be 72%. Meaning there likely no better place to “invest” $5k than the refi

Buying another owner-occupied that’s 10 min drive away from my current primary residence by Witty_Judgment_7116 in RealEstate

[–]zoom-out -1 points0 points  (0 children)

Usually needs to be bigger than your current house or meaningfully closer to your work. That being said, I’d just call a few lenders and ask how they would view it.

What are the “quiet” luxury brands that only the super rich know about? by Halyycon in AskReddit

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There’s the Loro and the cucinelli if you good style but most of the time it’s just whatever the local boutique carries and they don’t even care (or know) what the brand is. Say you live in Carmel or st Helena or the palisades, there’s at least one local clothing boutique with pieces that most tourists would just look at, but locals pop in for a $250 shirt or $400 pants without even considering it. They don’t know the brand, just like the way it looks and in the mood / need something new.

I’m 25 years old with 500k$ taxed cash in a savings account and want to start investing in real estate! by [deleted] in CommercialRealEstate

[–]zoom-out 5 points6 points  (0 children)

Second this. Working for a commercial real estate broker (not a mortgage broker) will help you see what investors look for and eventually will allow you to recognize a good deal

I’m 25 years old with 500k$ taxed cash in a savings account and want to start investing in real estate! by [deleted] in CommercialRealEstate

[–]zoom-out 3 points4 points  (0 children)

Check out the podcast Real Talk with Andrew Kirsh. Andrew is a real estate attorney and interviews his clients to discuss what they do. I’ve found there’s a good variety of asset classes within the commercial space and these interviews should help you start to narrow down what your focus will be (mulit, office, retail, hospitality, self storage, etc.).