Currently considering a cash out refi on a property we built in Texas but wanted thoughts on rates, etc. I’ve shopped around with 3 different lenders. FICO is 775 and base is 170K:

New construction Duplex
Property appraisal is 400K
Currently rented for $2850
Current loan is 200K
4.875 rate

New loan rate 7.123 percent
30 year term
Loan 280K
70K cash out
10K closing costs

Don’t really need the money but it would allow me to buy land and do another project.

Thoughts on rates, etc?

How do you like to do stock research? Any good sites or tools whether qual or quantitative, good filters. Anything you wished exist but doesn't, maybe it does and this post can help crowd source ideal platforms.

Thank you

I got married in 2021. Before my wedding I lived in State#1 and after the wedding I moved to State#2. My spouse lived in State#2 the entire year.
Can I file as Married Jointly in such a way that State#1 only calculates my income for the portion of the year I lived there?
Or do I need to file Married Seperately?

4th year associate, 200k student loans—think I’ll be able to get a mortgage even with loans? Looking at a place for 450k. I have 3.5 years public interest work that counts towards PLSF and I plan on going back to government so I really don’t care to pay it down.

How are you all voting on the fair tax amendment? I am voting no because I do not want to continue giving our government money until they fix the pension situation too. But curious to hear your thoughts.

How do you all plan for retirement while in the Middle East (especially for European folks)? Did you sign up for your home country retirement plan while abroad ? (My home country offers it but at a very high cost)

How much are you contributing to your 401k?

Pro tip: live close to poorer people to feel rich. The feelings of wealth are extremely subjective and is mainly based on comparison

I have 4k that won’t need soon and thinking about were to spend it on.
A. Student loans at 5%
B. Invest in stock market

Which one would you prefer b/w local lender v/s establish financial institution when buying a home?
What are the pros and cons of each?

Canadian 🐠 Which ETFs are you buying right now?

Ready to do my first back door Roth. I have already filed my 2021 taxes. Can i still do a back door Roth for 2021 if I do it before April 18? Or will it only count to 2022 now?

What time of year does everyone do their contributions/conversions?

New to options on fishbowl - I have a call itm with Robinhood that expires tomorrow. If I don’t sell it, what happens? Will they exercise or am I better to sell it?

Looking to rent a home in the Central Park area but there are very few homes available for rent on Zillow. Does anyone know of any other platforms that might have listings that are not on Zillow? I imagine most people who are trying to rent out their home/investment property would list on Zillow but thought I’d ask!

What’s a good, practical tax book to read for someone who knows nothing about taxes? I feel like I should familiarize myself with them but don’t know where to start/find the topic very overwhelming and dense even as a finance attorney. Welcome to other beginning finance book suggestions too! (Already read Kiyosaki and Ramsey)

Realized my savings account interest rate is now higher than my mortgage rate. No way I pay that off early. Eat your heart out Dave.

Is anyone planning on trading water futures?

Hi Fishes,
Had a very serious query. In my current organization I was not under taxable bracket by any means so I didn't submit any investment declarations or anything. But I'll start a new job in 2 weeks where I'll be under taxable bracket. So will I get a chance to submit my investment declarations in the new company for tds calculations in the middle of the year ? I'm new to everything so would appreciate your help. TIA :)

25 years old consultant . Net worth is -69k. 40k in student loans. The people of fishbowl do inspire me with their 700k net worth by the age of 3 posts.

Are you seeing Mulptile Inflammatory Syndrome in Children (MIS-C)?

Hey all!
Any insights you can share on work simulation assessment for PgM?

Thanks

Is it normal for senior managers to ask you to cancel leaves or to nit apply leaves in EY GDS? My manager told in all hands meeting yesterday to not apply leaves during tear end. Won’t this become a hr issue?

Someone teach me how to flirt! How do I let this guy know I’m into him?

Does FDD vary by firm or do they pretty much compete and do the same work? Like which one has the best practice in NYC from the big4?

Hi fishes, do qualifications like B.E, BCA or BSC decide the CTC?

Is there any possibility to change the EY IN offered location after you join ?
Offered location is Chennai.
I am from Pune.
Please suggest if i can ask for a location change after a couple of quarters? Can I get a pune location?
Do EY IN assist in Changing the location of employees?

DOJ - 30th Jan 2023.

Poll: What dress code do you follow at your home office?

Hi all, im moving to London next year and looking to discuss roles in S&C - currently a SM at KPMG in our operations team (supply chain & retail). Anyone in that area keen to give me some info?

Still don’t really understood what the Song service group is about and how it’s different from Technology and S&C? Can anyone enlighten?

Moved to the GTA last year from Vancouver; and we have a BIG raccoon issue here. It’s pissing me off. Raccoons keep taking a dump on my porch. Tried everything to deter them away but been unsuccessful

Long drive tomorrow. Does anyone know of any on demand CFP continue education courses out there? I’d love to knock out 15 hrs of CE on this drive, if able. 🤦‍♂️🔫🤢

At this point in the game it doesn't make a difference where you at everybody is getting laid off at one point or another the only thing I say is try to repair yourself for it if it happens to you

How is the hike guys?

Is Google the end game?

Realizing that I am way too old for nights

Do big4 directors retire with the same benefits as partner or some other?

Anyone have an HM Bradley referral they’d like to share w me? Feel free to PM me if you don’t want to post your referral link.
Thanks 🐠

Would it be bad to chew Nicorette even though I don't smoke?

Interested in starting AirBnB in SoCal.
1. Where do I start for gaining how to knowledge.
2. What’s are the best areas to buy the property for best cash flow and appreciation down the line.

I have a rental property and my tenant is asking me to change the fridge light burb. I live out of state and don’t have property manager locally. Is it bad if I ask them to change the fridge light burb themselves?

I’m pretty responsive for things they need help with like laundry machine got broken or pantry doors fell off. So I had sent people to fix those maintenance and repair issues.

But light burbs? Srlsy? They are grown up people (fresh out of college girls)

I have over 12 years in B2B sales/sales management experience along with a graduate degree. I am wanting to shift gears and I am at a point where I can invest time in myself to learn through practical experience. The new industry I am wanting to pursue is real estate investment. I have read all the books but want some hands on experience on the property management side. How could I best leverage my skills for a role in this, and what should my expectations be for negotiation in compensation?

When selling a home have been able to negotiate lower commission with your broker if the buyer is not represented by a realtor (eg, 3% in this situation versus still paying the full 6%)?

If you living currently in a home and looking to buy another home but plan to put only 10% on the new home, can I pay the remaining 10% after selling my existing home in 1-2 months .. and get the PMI

How can I invest in real estate ? Looking for an additional passive income source

Fishes! what are the best grounds to dispute my property tax valuation? What support should I have?

Is it better to have SFH for monthly cash flow or passive MF deals through a private syndicate? Friend told me that you need to have $1.5m invested in MF to generate 60k a year approx but it’s much better than dealing with tenants and maintenance. Just wanted to get peoples thoughts on becoming financially free through these two real estate methods

From a financial standpoint in this market, which would be a better approach in Austin -

1. Buy a ~8-850k house that meets most of our ideal criteria (size, schools, interiors etc) to stay long term

2. Buy a ~5-550k house that’s not ideal with the plan of moving into an ideal home in 4-5 years when kid is ready for school.

How easy is it to get a mortgage for the second home?

Household income - 300k

Happy to add more details as needed

Thanks

I have significant equity in a property (300k+) and maybe another 200k across other properties. I have a decent amount of money in cash and already 200k or so in stocks. Would you consider pulling money through cash out refi and using it? I get nervous for stocks being so high. I have a few properties in pipeline already. How would you suggest using it (if at all).

Any potential flags/benefits for dual agency? My agent and the seller's agent work for the same company.

Planning to call the bank today, but wanted to ask this here to see if anyone has experience with something similar.

I found a 6 unit property ( 5 apt + 1 coach house) that I’d like to buy and convert to a 4 apt unit. Is there any way to qualify for an FHA 203k loan since it will be a 4 apt unit after renovations?

Thanks!

Is a sloped floor of 1/2” over 10’ noticeable? I have to make room for conduit and cannot trench in my current place

Good evening all,
With my partner we are considering making a move to the countryside of Switzerland, with a gorgeous RE project offering incredible views on immaculate mountains and lake. However, it is far away, and will require 1h+ train/car commute vs. 10 min biking right now. We are scared it will bite us back at some point, although COVID helped w/ remote working being a new norm. The project will be done 2024, so I hope to have a more relax job by then. Any similar experience to share?

Any investors in the woodlands Texas for single family homes, rent looks good as per Zillow , good school district and houses are still affordable compared to Dallas and Austin

469k new construction
No washer dryer or refrigerator included
Added these at cost, downgraded to basic grey paint throughout, removed blinds and builder accepted 460. Feeling cheated :/

What would have been a better offer?

I recently bought my 1st home in TX. I want to get into real estate and eventually own/rent out multiple homes. Are there any good recommendations/tips on books/articles/websites that others have used to get started?

I've read about HELOC and cash out refinance to get a 2nd home but articles are so scattered that it gets confusing which is better in terms of tax benefits and immediate costs, etc. Anything others have found helpful that summarized how to get started would be great!

How much should I invest in buying a HOME as my primary residence.

Current TC: 200k
Net worth: 300k, readily available 170k in stocks, hysa and cash
Current rent: 2000 per month
Age: 30

Wonder if anyone has any excel model or a rule to determine how much I can afford or should go for?