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  • wonka31 wonka31 
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    Status: Physician
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    Joined: 03/24/2018

    Don’t take them back over five years, five weeks or five months would be more appropriate. Listen to short answer Peds, he usually knows what he’s talking about.

    in reply to: Optimal investments for taxable account #246313 Reply
    wonka31 wonka31 
    Participant
    Status: Physician
    Posts: 697
    Joined: 03/24/2018

    PM me

    in reply to: Private equity real estate : Too good to be true? #246166 Reply
    wonka31 wonka31 
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    Status: Physician
    Posts: 697
    Joined: 03/24/2018

    Alcohol ?

    Just curious, have heard a few bar meetings and golf outings sometimes get squeezed in.

    Click to expand…

    This varies by situation, in mine no. My previous employer green lit this as long as it wasn’t over the top.

    in reply to: CME coverage question #246115 Reply
    wonka31 wonka31 
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    Status: Physician
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    Joined: 03/24/2018

    If the United States sues you (even if it’s by proxy of whistelblowers), things don’t tend to go well. The burden of proof needed for the most powerful country in the world to sue a small (relative to the other issues the country has) radiology company must be overwhelming.

    in reply to: Improper Use of PAs – Whistleblower radiology lawsuit #246114 Reply
    wonka31 wonka31 
    Participant
    Status: Physician
    Posts: 697
    Joined: 03/24/2018

    Yes, quite a few. MLG is solid, I plan to add to my investments. I have one that I’m not a fan of and won’t invest with in the future. My advice would be to avoid the highly advertised/sold stuff on CS, RC, RM, etc. The quality of sponsors on these sites can be quite hit and miss. I wouldn’t go ‘all in’. I’m a big believer in real estate, but still am heavy in index funds/Vanguard.

     

    Best of luck.

    in reply to: Private equity real estate : Too good to be true? #246113 Reply
    wonka31 wonka31 
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    Status: Physician
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    Joined: 03/24/2018

    What do you mean by too good to be true? There’s risk in real estate just like there’s risk in most investments. You can mitigate risk by working with someone with an extensive track record.

    Most people on these forums invest exclusively in index funds and that’s fine, about 50% of my net worth is these too. However, private real estate investments have been around forever. These are not new, though the availability of them and the extensive amount of sponsors with minimal experience has skyrocketed. I feel that the ‘crowdfunding’ term has a negative connotation, whereas if you say ‘syndication’ people don’t get as crazy.

    These are not new, my parents have been investing in both directly owned real estate and syndications for years. Like the market, they tend to go up and make money. MLG has pretty extensive experience and are one of the better sponsors out there. Having said that, this is not a get rich quick scheme with no risk. It’s simply a way to add diversity to your portfolio, if that’s something you feel you need and/or want.

    in reply to: Private equity real estate : Too good to be true? #245969 Reply
    wonka31 wonka31 
    Participant
    Status: Physician
    Posts: 697
    Joined: 03/24/2018
    Earnest refinancing bonus

    AirPods are great. If you have an iPhone, you should buy them.

    in reply to: Wireless earbuds #244356 Reply
    wonka31 wonka31 
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    Joined: 03/24/2018

    I looked into it at one point, the lock in period is very long. I buy points from DVC Rental Store and David’s Vacation Club. Cheaper than buying direct from Disney and without the ongoing costs of DVC.

    in reply to: DVC – Disney Vacation Club #243267 Reply
    wonka31 wonka31 
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    Smart move by him. Timing is odd, but the ankle injury may have been the straw that broke the camel’s back. Also, he spoke pretty in depth about his lack of self worth when he was out of football in 2017 and that he was in a dark place, which was concerning. Hopefully he’s in a good spot now.

    Having said that, I’m pi**ed that I won’t be able to watch him for another ten years, he’s really an amazing talent.

    in reply to: Andrew Luck Retires at age 29 #241537 Reply
    wonka31 wonka31 
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    Joined: 03/24/2018

    Nice (he/she only earns a one word reply).

    in reply to: Welcome to our newest moderator! #241367 Reply
    wonka31 wonka31 
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    Status: Physician
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    Joined: 03/24/2018

    Strong work, best of luck with this.

    wonka31 wonka31 
    Participant
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    Joined: 03/24/2018

    Good properties are typically had when you buy well. These properties are already renovated and are typically overpriced. I looked at multiple turnkey companies in the past and decided against it due to the high cost of the houses, lack of diversification and high expenses (including the management fee).

    I chose to go into syndications instead, haven’t regretted it for a second.

    in reply to: Turnkey property discussion #241093 Reply
    Liked by Ghetto, snowcanyon
    wonka31 wonka31 
    Participant
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    Get it now, 1M would probably be sufficient at this time. You will likely want to add more as time passes, life circumstances change (spouse, kids driving, etc). I think I have a $4M policy currently.

    in reply to: Timing of Umbrella Insurance #240674 Reply
    wonka31 wonka31 
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    Joined: 03/24/2018

    My ex-girlfriend’s uncles bought a house when they were all in law school (overrated football team with a leprechaun mascot). They paid the place off in three years by having nightly keggers/spaghetti dinners. They were my personal heroes for about a year.

    in reply to: Purchase home, use 529 to pay for it? #240589 Reply
    Liked by Hank, boone8466
    wonka31 wonka31 
    Participant
    Status: Physician
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    Joined: 03/24/2018

    I guess FLP is lucky. Kids have been accepted early decision to Harvard class of 2027 and 2028 and they are accepting early full tuition payment for four years at current tuition rate.

    Click to expand…

    Are you sure that’s not EntrepreneurMD’s kids???

    in reply to: Public vs Private College #240585 Reply
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