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Old 08-31-2006, 07:43 PM   #221
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Well, I'm going to be moving to full time. Before I was hourly and the max i'd make was 75ish a year.

Taking offers of around 80, plus bonuses, etc. Which is nice, I won't have to pay for my own health care and whatnot.

I was hoping I could get in the high 90s, but I think it'll take a few more years

23, no degree yet, btw.
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Old 08-31-2006, 08:04 PM   #222
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Old 08-31-2006, 08:25 PM   #223
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Quote:
Originally Posted by RunT1ME View Post
Well, I'm going to be moving to full time. Before I was hourly and the max i'd make was 75ish a year.

Taking offers of around 80, plus bonuses, etc. Which is nice, I won't have to pay for my own health care and whatnot.

I was hoping I could get in the high 90s, but I think it'll take a few more years

23, no degree yet, btw.
That's damn good money for only being 23 and not having a degree...what do you do?
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Old 08-31-2006, 08:26 PM   #224
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Originally Posted by qooldude View Post
Me: 33
Wife: 31
Combined: $340K
That's a damn healthy combined household income. What profession are you guys in? BTW, might be time to move to Nevada to save on all that damn state income tax you guys are paying to the State of CA...
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Old 08-31-2006, 09:45 PM   #225
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That's a damn healthy combined household income. What profession are you guys in? BTW, might be time to move to Nevada to save on all that damn state income tax you guys are paying to the State of CA...
I know what you mean, income tax is a killer here in CA. Wife is an MD and I'm an independent technology consultant so I'm writing off stuff left and right.

So is the commercial real estate business still going strong? How are those multi-family properties treating you these days?
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Old 08-31-2006, 10:15 PM   #226
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I know what you mean, income tax is a killer here in CA. Wife is an MD and I'm an independent technology consultant so I'm writing off stuff left and right.

So is the commercial real estate business still going strong? How are those multi-family properties treating you these days?
The commercial real estate business is still ticking along pretty good over in Nevada although a bit slower. Retail, industrial, and multi-family properties are in high demand due to low vacancy rates. Multi-family properties actually perform better in housing downturns as you have less people buying homes but they still need a place to live. Rents are expected to rise by 5-7% for the next few years in Vegas mainly due to strong fundamentals. It took me all of one day to fill a vacancy in my 4plex and I got like 40 calls when I was renting out my townhouse in Huntington Beach. Fixed Mortgages + Rising Rents =
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Old 08-31-2006, 10:56 PM   #227
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21.
$15k - $20k, depending on whether I want to work or not.
My family and I really need to start on our apartment complex project. *sigh*
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Old 09-01-2006, 12:18 AM   #228
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21.
$15k - $20k, depending on whether I want to work or not.
My family and I really need to start on our apartment complex project. *sigh*
start it in texas

rental market here is on fiiiiiiiiiireeeeeee. or at least that's what my acquaintences in property management tell me

if i had a spare mil or two lying around .....
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Old 09-01-2006, 01:42 AM   #229
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start it in texas

rental market here is on fiiiiiiiiiireeeeeee. or at least that's what my acquaintences in property management tell me

if i had a spare mil or two lying around .....
I said it once and I'll say it again...in a slowing single-family residential market the rental market does well (inverse relationship).
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Old 09-01-2006, 04:17 AM   #230
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Quote:
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start it in texas

rental market here is on fiiiiiiiiiireeeeeee. or at least that's what my acquaintences in property management tell me

if i had a spare mil or two lying around .....
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Originally Posted by USCTrojanMan29 View Post
I said it once and I'll say it again...in a slowing single-family residential market the rental market does well (inverse relationship).
Of course, it'd be much cheaper to start it in either Texas or Vegas, but my dad wants to be able to manage it on his own meaning that he wants it to be local. My friend's dad is a real estate developer and has investments in both Phoenix and Vegas. He often travels to and from these cities all the way back to Cali which practically takes him a whole day. I wonder how he has the stamina to do that.

USCTrojanMan, do you know much about real estate in the Marina del Rey / Venice area?

Last edited by nikkeiS2K; 09-01-2006 at 04:20 AM.
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Old 09-01-2006, 01:49 PM   #231
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21yr old father of a crazy 3yr old $40,000 full time student(works eating that bill)
Always would like to make more but with the cards that were dealt to me I am just happy I have my son 50% of the time
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Old 09-01-2006, 02:13 PM   #232
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Of course, it'd be much cheaper to start it in either Texas or Vegas, but my dad wants to be able to manage it on his own meaning that he wants it to be local. My friend's dad is a real estate developer and has investments in both Phoenix and Vegas. He often travels to and from these cities all the way back to Cali which practically takes him a whole day. I wonder how he has the stamina to do that.

USCTrojanMan, do you know much about real estate in the Marina del Rey / Venice area?
Not very familiar with it, but I can say real estate is VERY EXPENSIVE out there and may be very difficult to make an apartment development pencil out there due to the high costs. How large of an apartment complex is your dad looking to build? Any chance that I would meet with your dad's friend? I ask because I may be able to provide him some financing.
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Old 09-01-2006, 04:31 PM   #233
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That's damn good money for only being 23 and not having a degree...what do you do?
Software Engineer/Consultant. I specialize in a lot of the good stuff: .NET/J2EE, distributed systems, and a whole bunch of scientific and technical crap I won't bore everyone with. Been in the industry since I was 17 and got caught up in the whole .com craze, and have just been working my way up since.

Quote:
Originally Posted by qooldude
and I'm an independent technology consultant
Yeah...since I'm guessing your bringing home a healthy chunk of that household income, what exactly do you do as a 'technology consultant'? Always like to hear from successful people in similar industries. Or is that just code for 'stay at home husband'.
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Old 09-01-2006, 05:34 PM   #234
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Software Engineer/Consultant. I specialize in a lot of the good stuff: .NET/J2EE, distributed systems, and a whole bunch of scientific and technical crap I won't bore everyone with. Been in the industry since I was 17 and got caught up in the whole .com craze, and have just been working my way up since.



Yeah...since I'm guessing your bringing home a healthy chunk of that household income, what exactly do you do as a 'technology consultant'? Always like to hear from successful people in similar industries. Or is that just code for 'stay at home husband'.
Ok, all that IT stuff you are talking about is like a foreign language, but I guess that's why we need people like you. I wouldnt mind being mr. mom if I had a wifey bringin in $300k+/yr...
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Old 09-02-2006, 12:44 AM   #235
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Not really...he'll be making around the same amount unless he works more or opens up his own company.
Really?? I have a friend who is just starting his radiology career and he is making $400k/yr with 14 wks of vacation. He had to move about 40 miles outside the city for work though.
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Old 09-02-2006, 01:28 AM   #236
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Really?? I have a friend who is just starting his radiology career and he is making $400k/yr with 14 wks of vacation. He had to move about 40 miles outside the city for work though.
He may make that much, but that does not include his malpractice insurance which takes a big bite out of that check...
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Old 09-02-2006, 01:30 AM   #237
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BTW, anyone know where I can find a wifey that makes $150k+/yr?
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Old 09-02-2006, 03:16 AM   #238
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Quote:
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Not very familiar with it, but I can say real estate is VERY EXPENSIVE out there and may be very difficult to make an apartment development pencil out there due to the high costs. How large of an apartment complex is your dad looking to build? Any chance that I would meet with your dad's friend? I ask because I may be able to provide him some financing.
My friend's dad? If you are serious about it I can probably set something up. I have to go through my friend (obviously) and see when he would be available.

The exact location of the main project will actually be located in Culver City. My dad is looking to build somewhere around 10 units. The project is still in its infancy stages so there is more speculation than anything going on right now. Culver City should be a tad cheaper than Venice, no?

It's crazy how fast Venice / Marina del Rey / Playa del Rey are growing today. This area of Venice that I'm residing in is looking promising so far. There is a trend of "yuppies" who are tearing down these 50+ year old homes and building custom houses. The starting market price of these homes start at $1.7M+. Not bad considering they are techinically "remodeling" the homes so they can take advantage of the lower property tax.
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Old 09-02-2006, 06:49 AM   #239
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nikkei325i, love the quote in your sig

for the poll, 26 y.o. married since 1/7/06. wife is also 26. she is a full time student. i am a student as well but have my own business, which brings in about $300-350k for me a year. it helps pay the bill and allows me to put away money for the future (i.e. kids soon)
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Old 09-02-2006, 11:27 AM   #240
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