Jeff Porter
@REdebtlawyer
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RE/Finance Attorney in Phoenix & Las Vegas, Adjunct Prof @wpcareyschool, Investor | personal finance, client service, CRE, lending | not legal advice
Phoenix, AZ
Joined March 2023
It’s apparently sacrilege to say it on Twitter, but yes, a lot of non-partner attorneys fit into this category.
Have you ever met someone working a W2 job who made $300k+ a year, had a decent lifestyle and liked their job?.
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I have yet to meet a single consistent $500k+ earner on K-1s/1099s who has any difficulty whatsoever borrowing for a home mortgage. Total myth.
A quick reminder that lenders still prefer a W2 employee that makes $50k over a 1099 entrepreneur that makes $500k.
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@chernobelskiy I’ve never heard anyone make having an 8 figure net worth sound so miserable.
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I had good grades at an elite law school (for whatever that’s worth now) and have been practicing for 12 years. My hourly billing rate is lower than a 2nd year associate in NYC or CA. Blows my mind that many still use mega firms for middle market finance transactions.
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@Camp4 This totally ignores that it’s possible to operate with urgency when it matters (in business) but chill out when it doesn’t (in traffic, or deplaning). Acting with urgency at all times is a sign of an anxiety disorder.
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@jeffdornik @theliamnissan Is testing a potential future method that could increase rainfall 5% to 15%, as discussed in that article, remotely the same thing as creating and aiming a rainstorm at a particular wildfire right now?.
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@alteags @tysonnuggies13 @waitbutwhy “It’s still a theory.”. Do you know what a scientific theory is?.
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@tawillionaire Imagine being successful enough to own a Ferrari but still hung up about high school or college.
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Yes, the view out my kitchen window is hideous and there is nothing in the Southwest other than rocks. It’s why no one ever comes here as a tourist. I wish I lived in Nebraska instead!
One thing I’ll never understand: living in a desert. 🏜️ . Rocks are ugly.
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My most memorable law firm interview, with a top firm in Los Angeles, was the interviewer insulting every line item in my resume, and insinuating that I was an Arizona country bumpkin and likely nepotism beneficiary. Got the callback, though…?.
Had a law firm interview that was just a bunch of questions about what you would bring with you to an island. I said some local beer. Friend of mine - who was 11th in my class - said like Macallan or something didn't make it past the first interview.
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@chernobelskiy This person needs to get off of Reddit and start interviewing wealth managers.
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@kingtutcap Cramer is bullish Starlink D2D and bearish $ASTS. Tells you all you need to know.
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@Sgt_Mac87 @RpsAgainstTrump Christian, husband, father of three girls……totally okay with the DOJ being run by a guy paying 17 year olds for sex.
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@leah_walczak Is it my imagination or did it used to be much better? It has been years since I’ve seen anything good there.
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@dancaroselli Let’s see, how can I best make my unique *only in Southern California* designed beach house look like a luxury apartment building in Ohio?.
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@shawngorham I’m convinced the people saying AZ has no water have never been here or talked to a hydrologist. It’s just a popular New York Times headline every now and then.
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@ArmandDoma Poland is not all of Europe. Try Portugal, Greece, the southern parts of Italy or Spain.
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@jeffdornik @theliamnissan So a 4 year pilot program that started 2 months ago to research increasing snowfall in an entire mountain range during an entire winter by 5% to 15%…. …should be capable of aiming a rainstorm at a 40k acre fire in a 5 day period. Listen to yourself. Does that sound reasonable?.
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@chernobelskiy $1MM into high yield savings or treasuries, dollar cost averaging into index funds over next 5 years. Use $200k to start a business.
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@ItsMattsLaw Lots of GC postings like this. Wanting 10-15 years of experience in specialized or lucrative area, with prior large firm and GC experience. Salary? $150k-$200k. I don’t know who in the world is applying to that.
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@skylarromines @datingbyblaine Men also only end up in this position if they’re not exactly super desirable to begin with, too.
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@EstateBets1135 Because partners are not W-2. I think most partners enjoy their job too, and there’s a huge variety of lifestyles - some partners are billing 1,200 hours a year, others are billing well in excess of 2,000.
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@skylarromines @datingbyblaine Late 40s and financially successful but somehow never married and using matchmaking service to find younger women.
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If you have made $500k+ in 2022, 2023, and 2024 (annualized), and are in California or the Southwest, please contact me and I can put you in touch with some resi lenders.
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@TMFAssociates When have you been right about anything $ASTS-related when looking back 12 months?.
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@KevinLMak @TMFAssociates All that you’re missing is that Tim wants to frame $ASTS in the worst possible light by disingenuously estimating their revenue based on terrestrial wholesale rates, ignoring that you can both oversell capacity and that, uh, it’s from space…and in high demand.
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@joeykatzen There’s a big world outside of BigLaw. Not an associate anymore, but I like my job. And liked most of the years of being an associate to varying degrees.
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@mikeddano @TMFAssociates Mike, honest question: Has anyone other than Tim Farrar ever expressed this sentiment? The guy has a weird grudge against the company and seems to be the only industry “expert” to make statements about them.
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@KevinLMak @spacanpanman Photoshopping to make your core technology look better than it actually performed. If AST did this they would be punished by the market and it’d make an appearance in a short report, would it not?.
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@TimoVainionpaa You never responded back when I asked you this in June 2024. I’m up about 500% since then. 🤔.
@TimoVainionpaa What’s your bear case? Let’s hear it!.
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@CarolWalshReal1 @Tesho13 I don’t think anyone is advocating villainizing those who don’t live in cities. The question is what kind of development should we be subsidizing.
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@DeeezNutzzzzss So really this is about business owners who are upset that they can’t win at both the tax efficiency game and the borrowing game.
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@WillCJohns @EstateBets1135 Bringing in business, billing at a high rate, or serving a specialized need. 1,200 hours x $800 = $960,000. And that’s not a huge rate for a partner, depending on the market.
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@bavedikian I don’t know why this is popping up in my feed, but you are setting yourself a very low intellectual bar if you consider Rogan a good interviewer.
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@moseskagan This is a type that is prevalent in LA and maybe NYC, but probably nowhere else in the US.
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@SMB_Attorney Caring a lot about “work-life balance” when you’re under 30 and don’t have kids yet is a bit of a red flag. Sleep, exercise, social life are important for all ages. But often what “work-life balance” means is lots of Netflix, Amazon, scrolling, etc.
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@Camp4 Sitting at the front and not checking a bag is strategic urgency. Fine. Makes sense. Standing up, pulling your bags out, attempting to be the first one to occupy the aisle upon deplaning, huffing/puffing impatiently, etc. is futile antisocial idiocy.
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@KevinLMak @DragonMaxGoku That may well be true, but their social media team will have worn out their welcome with SpaceMob if that’s the case.
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Good to see all my real estate bros have secretly been political and criminal procedure experts all along. Tell me more, guys!.
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@TMFAssociates I commend you on your humility. Not many people are going back to find things they were wrong about 2 years before.
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@NR7_CAPITAL @corey407woc So you won’t short a stock that you’re saying will go from $21 to $5 or lower…?
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@Eli_Albrecht Why did his neighbors care? I’d love it if all my neighbors stopped being doctor/lawyers and started trustworthy sweaty businesses.
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@ForemanTaxLaw @mountainwesttax @mountainwesttax tweets the kinds of things I want to tweet, but would have to create a burner account for.
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@philliplyle @TMFAssociates Odd that you’re so focused on the slipped timeline when (a) it’s the reality of virtually every companies in emerging tech (Elon’s companies guilty as well - why aren’t we on Mars, where is DTC voice, etc.), and (b) it’s baked into the company’s cash position and equity value.
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@chicanocub23 @jeffdornik @theliamnissan “Just suggesting an idea” = saying that the government is capable of cloud seeding to fight fires (and therefore implying that THEY chose not to use it). LOL okay.
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Former CFO sells 20% of his shares, taking less percentage profit than a lot of the SpaceMob “clueless cult”. Oh my god, what does he know!?.
Weird. What could the former CFO of $ASTS know that Deutsche Bank doesn’t?
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Borrower’s counsel, lender’s counsel.
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@BarExamTutor Saying you “grasp the concepts” immediately but then taking 4 shots to pass the baby bar suggests she thought this whole law thing is easier than it is.
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Also happy to share I just found out I passed the July 2023 Nevada bar exam. As much as I enjoyed walking through hundreds of slot machines to go answer Torts essay questions, I’m now 100% done with bar exams. (Please excuse the LinkedIn nature of this post.).
I’m pleased to share I am one of the 32% of examinees who passed the February 2023 California bar exam. Felt crazy doing this over a decade out of law school, studying some subjects I’ve completely forgotten, all while maintaining a practice full time, but happy I did it.
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A little early to flex, but sure, why not. I don’t get any points for portfolio diversity. $ASTS
$ASTS I don’t wanna completely flex on you so I’m only gonna flex my average cost. Just so you know I experienced the full pain of getting diluted by Abel. I dreamed about slapping him in the face every night. But, in the low $2s I (somewhat emotionally) averaged down heavily.
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@bavedikian Two and a Half Men was once the number 1 TV show in the world. It says nothing about the intelligence or quality of the program or the viewership.
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@skylarromines @datingbyblaine Successful, desirable men (I) rarely make it til their late 40s without being married at least once, and (II) don’t have trouble dating younger women if they have even a lick of confidence.
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@stephen_richer @elonmusk Stephen, you can expect exactly zero follow-up from Elon to dig into whether or not it’s true.
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@longmier Ben - Great news. When do you think you’ll get regulatory approval to offer service?.
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Why are these takes always from foreigners who’ve clearly never been to Arizona and don’t know how to spell the plural for “cactus”?.
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$ASTS. $33.33 is the new $6.66.
$ASTS $28 is the new $12.
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In this thread: Men, who married women they don’t respect, coping with their decision.
This is what happens when men don't marry waitresses anymore. You're over clocking the machine because "you want interesting conversations".
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@GustaveLeBon24 @zachweinberg Creative that you cite the ranking of Hastings now (top 80) rather than its ranking when she went there (top 20).
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@wxfollower @Starlink I think you’re conflating concepts. Starlink doesn’t have agreements with any other carriers in the US. AT&T and Verizon have agreements with @AST_SpaceMobile . Apple offers emergency text service to latest model iPhone owners through Global Star.
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@chicanocub23 @jeffdornik @theliamnissan How is any of that relevant to this chain?. I’m responding to the idiot who thinks cloud-seeding is a viable firefighting method right now.
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@InfTradeSPY @NewsLambert @FastCompany @AdvisorJohn Ooooof. I would say $500k pre-tax personally. 10k PITI plus typical maintenance costs on a home that size/value quickly balloons to like $150k per year in housing costs.
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@chicanocub23 @jeffdornik @theliamnissan Most people aren’t conspiracy theorists, but they let conspiracy theories fill in blanks. 1. Fire hydrants also ran dry during the Lahaina fire and Tubbs fire. It’s known to happen and not unique to this fire. 2. Didn’t only 20% of Palisades’s hydrants run dry? Not all of them.
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@trevizo_gabe Ah, another Uber driver who makes high six figures and tells their passengers about it, and still finds it worth their time to drive around the city for $20/hour. Sure seems to be a lot of those guys around.
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@Molson_Hart Did you swipe their genetic material and send it to 23andMe or something?. This is creepy behavior.
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@RklbsFan @kingtutcap Why would you bash ASTS when they could easily become one of RKLB’s biggest launch customers…?. Would you rather SpaceX keeps that business?.
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@Co5taRica @KamiSkript You’ll find that real property rights aren’t necessarily tied to why you own the property.
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@JeffFeldman_ I saw this in North Central in Phoenix. Pro: Great kosher selection at the local Safeway. Con: Orthodox folks having to run across six lanes of busy road on Shabbat in a city not know for friendliness to pedestrians.
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@tawillionaire If they ever get rid of the cartels permanently, real estate values in Mexico will double. So much untapped potential.
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@sunnywinnersday @quantian1 You may be surprised to learn that people don’t discount their stated net worth based on liquidity limitations. It’s based on fair market value. Elon probably couldn’t liquidate his TSLA without crashing it. He’s still richer than Buffett, who could exit Berkshire w/ more $.
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@SMB_Attorney How does this improve upon pulling a form from Practical Law or just ordinary precedent?.
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@ItsMattsLaw Honestly I might prefer the $0 salary all-equity play to a “general counsel” (quotes intentional) that pays lower than BigLaw first years.
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@XFinancialX I don’t remember any $ASTS holders trying to dunk on $RKLB when one was $39 and the other was $7. Seems odd that so many $RKLB holders’ first instinct in looking at their gains and to dog on a totally unrelated company that’s actually a potential launch customer of $RKLB.
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@chernobelskiy @CashflowingOptn $10 million is not enough if you live in the Bay Area and you only live on 3% a year. Live in Phoenix on 5% a year and you’d be golden. Also, 35k a year on health insurance?!.
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@Bruno_1621 @defiantclient @longmier @SpaceX @TMobile Read the FCC filings for yourself and refute any arguments then?.
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@NewsLambert @FastCompany @AdvisorJohn What is the typical household income for folks taking on a $10k mortgage payment?.
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@WarehouseREbro @moseskagan I missed all the parts of our country’s founding documents about political parties and primaries.
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@mu2myoc If market makers in financial centers can profit from the action, you best believe they’ll make it as widely available as possible.
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@Camp4 Kevin, I appreciate the perspective but this is peak “guy who lives in Boulder” content. For vast majority of Americans, weight training is cheaper, more accessible, and not seasonally dependent.
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@cyberprince_rwo Why participate in a thread that has nothing to do with $RKLB? You seem desperate.
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@philliplyle @defiantclient @FREESPEECH1017 Don’t join Tim and Freespeech in having a long streak of being wrong about everything $ASTS.
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