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If you’re going to get an XC90, then get the best XC90.
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Jul 18, 2018 16:49
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FAUXTON posted:Gotta spend all your money to make some money There's a grain of truth to that! Or maybe even a pocketful of truth sand. Owners of these $20 to $100M properties think that their agent needs to be well acquainted with money to do a good job. It's dumb, but I need my phone to ring if I want food on the table. howdoesishotweb posted:What qualifies as flashy in (I’m assuming) urban commercial real estate? Bentley, Alfa Romeo? Anything under 3 years old and over $75k, really. No SUVs unless it's a dumbass model X or fancy Volvo or some such Your car looks fun and neat. I'm trying to decide between a BMW m2 or m4. The m4 has a little more clout but the m2 is a younger man's car and helps play up the high roller bachelor angle I'm going for (you can't just be a normal person in real estate, I checked)
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Jul 18, 2018 17:26
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GoGoGadgetChris posted:There's a grain of truth to that! Or maybe even a pocketful of truth sand. There are less than 50 active properties in the entire United States at the price range you've listed above. Selling even one of these properties would earn you enough on one side of the transaction to be able to afford a $75k car in cash without stopping to think about it (and the rest of your year's salary, to boot.) If you earn $60k a year, you're not selling $20M houses. EAT FASTER!!!!!! fucked around with this message at 17:32 on Jul 18, 2018 |
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Jul 18, 2018 17:30
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If you need it to be flashy, then it can't be 10 years old either right? So wouldn't leasing be much better?
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Jul 18, 2018 17:31
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EAT FASTER!!!!!! posted:There are less than 50 active properties in the entire United States at the price range you've listed above. It's commercial real estate. Probably differs from residential?
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Jul 18, 2018 17:34
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He’s talking about commercial property, and there are a hell of a lot more than 50 in that range. I understand what he is talking about regarding the car but the threshold for acceptable is a lot lower than $75k.
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Jul 18, 2018 17:34
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The commission on commercial real estate is still 4% right? How are you making $60k selling this stuff unless you're like the assistant to the assistant?
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Jul 18, 2018 17:38
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EAT FASTER!!!!!! posted:The commission on commercial real estate is still 4% right? How are you making $60k selling this stuff unless you're like the assistant to the assistant? Lot of people got to eat brother, there are a lot of fingers in the pie and probably savvy commercial sellers negotiate their commissions way down because who the gently caress is going to pay a four or six million dollar broker commission or whatever on a property sale. Attorneys don't even charge that much in legal fees for multibillion dollar bond deals.
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Jul 18, 2018 17:40
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Yeah it's entire apartment complexes, not super luxury homes. You split the commission with the other agent, and 80% of the commission goes to the firm each year until you hit a certain threshold and get to keep 100%.potatoducks posted:If you need it to be flashy, then it can't be 10 years old either right? So wouldn't leasing be much better? I am strongly considering this too! Seems like it might be the better idea since you can hop between new cars every couple years. How short can auto leases get?
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Jul 18, 2018 17:42
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GoGoGadgetChris posted:There's a grain of truth to that! Or maybe even a pocketful of truth sand. On one hand I am in no position to begrudge somebody who wants to drive a sports car, on the other hand LOL at the idea that driving an M4 will concretely fetch you more commissions than a three year old 3 Series at 1/3 the price
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Jul 18, 2018 17:42
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Agree. If you want to pay for a nice car sure go ahead whatever, but I highly doubt it's gonna make a significant difference. Market yourself as the post-car millennial who just ubers everywhere and orders from doordash every night.
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Jul 18, 2018 17:46
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Heh, that's really funny that you specifically mention the 3 series. You spend a lot of time just chatting with owners and brokers waiting for people to show up at inspections, and I hear more snide remarks about the 3 series than any other car. The not real BMW The poor man's Beamer Baby's first car BMW starts with 5 Etc This job really whets your appetite for some guillotinin'
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Jul 18, 2018 17:48
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Your numbers still don't really add up though. You sell like one property a year or something?
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Jul 18, 2018 17:58
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Buy a used 4 series with the sport package on it and then go online and buy an M4 badge and stick it on there, you will never casually run into anybody who can tell the difference but you will live with the enduring pain of having to drive a car with a torque converter automatic instead of a DCT
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Jul 18, 2018 18:00
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potatoducks posted:Your numbers still don't really add up though. You sell like one property a year or something? He already told you he didn't have a luxury enough sports car yet in order to sell properties, stop giving him a hard time before he even buys the M4
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Jul 18, 2018 18:01
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potatoducks posted:Your numbers still don't really add up though. You sell like one property a year or something? $85,000 is 70% of $120,000. I didn't even think I gave any numbers out other than the 70% BEHOLD: MY CAPE posted:He already told you he didn't have a luxury enough Heehee. I've got good relations with a ton of owners, but they give me their local/regional assets instead of their national ones. I'm going to see if an image overhaul helps me make the jump. Gotta have the tools. You wouldn't fault a surgeon for buying nice scalpels!
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Jul 18, 2018 18:05
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GoGoGadgetChris posted:Heh, that's really funny that you specifically mention the 3 series. You spend a lot of time just chatting with owners and brokers waiting for people to show up at inspections, and I hear more snide remarks about the 3 series than any other car. If you absolutely have to drive a new BMW to earn a salary in your chosen field, lease a 530i or something. CPO off-lease cars are cheaper but lose a ton of value in the 60-100k mile range when you have to replace literally everything, anything older has the potential to be very expensive to own and won't impress the people you're describing here.
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Jul 18, 2018 18:07
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you should definitely lease and you should lease something that isn't so gauche modern bmws are for tracksuited slavs
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Jul 18, 2018 18:36
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My last name is literally Kuznetsov soooo guess I'm half way there Wow, BMW leases do not pencil out well at ALL
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Jul 18, 2018 18:48
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GoGoGadgetChris posted:My last name is literally Kuznetsov soooo guess I'm half way there Completely depends upon the vehicle in question. 3 series lease pretty well, high MSRP sports coupes not so well.
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Jul 18, 2018 18:49
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BEHOLD: MY CAPE posted:Buy a used 4 series with the sport package on it and then go online and buy an M4 badge and stick it on there, you will never casually run into anybody who can tell the difference but you will live with the enduring pain of having to drive a car with a torque converter automatic instead of a DCT How perfect is this for the Fake It Til You Make It lifestyle, hahaha. I love it.
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Jul 18, 2018 18:54
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GoGoGadgetChris posted:Gotta have the tools. You wouldn't fault a surgeon for buying nice scalpels! One hundred and ten thousand percent surgeons do not buy their own scalpels.
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Jul 18, 2018 19:04
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EAT FASTER!!!!!! posted:One hundred and ten thousand percent surgeons do not buy their own scalpels. Yeah I get semantics are more important than the point.
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Jul 18, 2018 19:07
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I also don't cut my listings open with a tiny sharp knife, it's not a perfect metaphor. But somebody at some level of the process pays for scalpels, and I bet they don't buy the cheapest available, because there is a lot on the line to doing a good job with the delicate operation.
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Jul 18, 2018 19:09
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EAT FASTER!!!!!! posted:One hundred and ten thousand percent surgeons do not buy their own scalpels. All the private practice ones who have ambulatory surgery centers do. Owned. 
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Jul 18, 2018 19:09
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How about this for an analogy - no other professional in any other field would consider spending 115% of their yearly W2 on a rapidly depreciating asset as a cost of doing business unless said asset was specifically held by a business and played by the rules of accounting for purposes of establishing a depreciation schedule that could be utilized as a tax advantage. For some content, why don't you try to see what kind of nonsense you can lease, instead? https://leasehackr.com
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Jul 18, 2018 19:12
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115% sounds crazy, makes my 70% of after tax and after 401K proposition seem downright reasonable
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Jul 18, 2018 19:16
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I'm just impressed we found the person that believes the BMW 4 series is a different car than the 3 series.
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Jul 18, 2018 19:24
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GoGoGadgetChris posted:Gotta have the tools. You wouldn't fault a surgeon for buying nice scalpels! Lol at the thought of a hospital buying anything but the cheapest equipment.
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Jul 18, 2018 19:43
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howdoesishotweb posted:Lol at the thought of a hospital buying anything but the cheapest equipment. Every time a piece of equipment breaks or fails to work as intended I roll my eyes and loudly announce to whomever is within earshot, "LOW BIDDER." It gets laughs every time.
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Jul 18, 2018 19:46
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70% post tax is retarded sorry i am a Car Retard and recently blew too much money on an 18 year old BMW and I think your idea sucks balls because you are doing it to impress assholes get a Giulia, lease rates are dope, or a Maserati Ghibli on a lease. then you can dickwave in the finest chrysler 300 known to man
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Jul 18, 2018 20:07
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Why does owning an institutional-grade apartment complex make you an rear end in a top hat?? And take their money =/= trying to impress them. Giulias are rad and it would be great to say "mmmmmmmmmmmy Italian Sportscar must be around here somewhere! Where oh where did I leave my Italian Sportscar"
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Jul 18, 2018 20:15
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the ghibli actually has absurdly cheap lease rates so you should do that, plus they sound good and you can beat your meat about your maserati all the time people are assholes if they care what car you drive in a negative way edit: if you must buy an M car you should buy a 1M because they hold their value ridiculously well
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Jul 18, 2018 20:19
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KYOON GRIFFEY JR posted:
Aw, I don't think that's really fair. Regardless of where you are on the socioeconomic scale, I bet you primarily interact with and feel at ease when with people of similar means. It's no different when dealing with the extremely wealthy - dressing and acting the part is just a form of customer service and doing your job well. Compare it to like... if you were on trial and your lawyer showed up wearing cargo shorts and a wife-beater. Seems like he isn't taking your interests very seriously!
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Jul 18, 2018 20:24
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edit: this was needlessly harsh man, if you want to buy the car, buy the car. I'm all for it, they're both good cars and are fun to drive (except modern BMWs are not that good anymore). I just hate that people buy cars as status symbols and that people are dicks about their cars. Don't feed in to that poo poo, it's bad for everyone. edit: also despite being a filthy 1%er I don't actually like interacting with a lot of people in that bracket because they are shallow status obsessed dickheads like the people you work with! KYOON GRIFFEY JR fucked around with this message at 20:38 on Jul 18, 2018 |
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Jul 18, 2018 20:29
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If my broker shows up in a better suit than mine and a flashy car, I assume he’s charged his previous customers way too much and he’s going to try and do the same to me. So I hire another broker. This isn’t real estate though so what do I know.
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Jul 18, 2018 20:37
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KYOON GRIFFEY JR posted:Don't feed in to that poo poo, it's bad for everyone. You're spot on with this, but it's a lot to ask me to pay the (literal) price to be the one that rejects the dog and pony show and makes a statement. I gotta get paid, man.
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Jul 18, 2018 20:43
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I fully understand the dynamic that gogogadgetchris is talking about (I work in M&A and the same dynamic is present in this world) and he isn’t wrong that their is an expectation issue, he’s just vastly overestimating what would be considered acceptable in order to justifying being BWM.
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Jul 18, 2018 20:45
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GoGoGadgetChris posted:You're spot on with this, but it's a lot to ask me to pay the (literal) price to be the one that rejects the dog and pony show and makes a statement. you can probably lowkey reject it by not getting an M car at least
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Jul 18, 2018 20:45
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KYOON GRIFFEY JR posted:you can probably lowkey reject it by not getting an M car at least M cars really don't seem to be a smart financial move, any way you slice it. There's no doubt plenty of cars that check off all the same boxes in a way that isn't a bucket of $$$ up front and a handful of pennies to show for it years down the line.
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Jul 18, 2018 20:51
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