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/biz/ - Business & Finance


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9913904 No.9913904 [Reply] [Original]

Ask someone who is about to buy a 1.5 million 6000 sft house anything.

>> No.9913913

>>9913904
Where'd you make the money?

What's your profession?

>> No.9913916

>>9913904
3.6% interest rate is pretty cucked m8. I'm at 1.75% right now.

>> No.9913922
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9913922

>>9913904
Cringe

You could have good at least an eight better rate

Loan officer here

>> No.9913927

>>9913916
>having interest rate

thanks goy

>> No.9913945

>>9913904
How did you make the money needed to afford that house?

>> No.9913957
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9913957

>>9913913

I made money working as a private equity associate and trading options

>> No.9913974

>>9913945

Two income household, make combined 350k + investment/rental income

>> No.9914012

>lives in nova

>> No.9914049

Can we come over?

>> No.9914063

Fuck off normie faggot

>> No.9914065

>>9913957
>Has $316k trading account
>Seems to now think he is a multi-millionaire
>Gets a $1.2m mortgage at 3.6%

The absolute STATE

>> No.9914237

>>9913904
Your house will cost half as much in a few years.

>> No.9914267

>>9913974
How much are you making from rental income alone? Would you be able to give me a quick rundown on what it would take to start renting?

>> No.9915279

>>9914065

I have 400k in cash

>> No.9915443

>>9914267

We have two sfh and 1 townhouses. They generate 3.5k in rent and mortgages are around 2.2k. The houses prices have doubled in the past 5 years

>> No.9915471

Bet it's a shit mcmansion lol

Have fun using intercoms anon

>> No.9915535

OK.
Why do you and your partner hate each other?
6000 Sq ft.
Must not want to see each other very often.

>> No.9915700

So subprime is a thing again?

>> No.9915737

>>9913957
OP, suggest me books or an approach to get started with options

>> No.9915784

>>9915737

Read the one by nassim taleb

>> No.9915789

>>9913904
Prenup?

>> No.9915838

Dude. 1.5 mil / 6000 square is 250 bucks for every square foot.

Your are in a shit market. I hope you got like some Gucci mane style house with two pools

>> No.9915851

>>9915784
Thanks fren, I have read the Incerto series, didnt look at Dynamic Hedging because it looked academic, will read that now

Any other tips getting started ? I've played around with equity and commodity options previously but never really went deep into it.

>> No.9915916

>>9915279
Hopefully I’ll be there soon too brother.
I went all in req in this recent dip. I got 340K tokens now. I just need a dollar per token again and I’ll be able to cash out and start real estate with my friends Dad.

Told me if I get 250k I can go half’s on a house with him and start flipping homes.
Should make about 50k profit per house. And they flip quick too

>> No.9915989

https://www.zillow.com/homedetails/6609-Orland-St-Falls-Church-VA-22043/51780964_zpid/?fullpage=true

>> No.9916005

>>9915851

Build custom spreadsheets to calculate your expected payoff and backOut implied probabilities. At its fundamental basis I am arbitrating implied probability versus what I think is real probability. I like trades where the implied is <10% where I think it’s 50%. I will never buy options where the implied is say 30% and I think it’s 60%

>> No.9916009

>>9913904
damn i'm buying a 600k house and the closing costs are the same as yours lel

>> No.9916010

>>9913904
1,506,000 square feet? Jesus Christ. What are you going to fill it with?

>> No.9916022

>>9916010
Your hopes and dreams

>> No.9916075

>>9916010

Wat?

>> No.9916117
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9916117

Congrats OP
Now fill that mansion up with 10 white babbys and keep hope alive

>> No.9916433

>>9916005
thanks fren