Flipped two properties with this one contractor. One was a failure. 30k loss. The other one permitting took way too long and we decided to sell because the county was asking for too many things that kept delaying the work. They stopped the entire work. Anyway, I decided to get it off our inventory and we sold at a gain of 20k so my overall net was 10k loss. I’m disappointed in these two flips. I suppose 10k loss is better than 30k. What’s ur flip horror story?

Do you use a tax preparer? How do you find a good one? Do they need to be local?

Talk me out of (or into!) buying a 2000 M Roadster. $14.5k, 111k miles. Mechanically sound with records, cosmetically nothing I can’t repair/replace.

Up to what salary did you contribute to Roth retirement accounts before switching to traditional?

If I have a six year old and 150k in a 529, can I say I’m done?

Trying to avoid paying an accountant, can I actually write off home office space/mileage if I was just permalancing for 3 months last year? Shouldn’t the 7 months of W2 take care of this 1099 shit?

What is the best performing NPS available on market. Let's assume that I invest 50k per year for tax saving, what could be my retirement benefits out of this(30 yrs of investing). Please help me with calculation and suggestions.

How do people afford to buy $1M houses in Chicago? Surely not everyone buying them is rich (which is somewhat of a subjective term). My wife and I are 30 and have a combined income of almost $300k and trying to buy something that expensive seems asinine yet people do it. Am I missing something?

Who day trades / swing trades with another job? Any tips?

In particular wondering if it’s a sustainable side income or just for fun, and what are you trading (stocks, crypto, forex, futures, etc.)?

I own two small companies, 1.5million in sales combined. Owned them for more that 20yrs. Getting older and thinking of selling, would like to sell by end of 2025.

Not sure how to go about selling. Any ideas?

What’s the general guidance on the order to maximize retirement contributions for tax benefits for an normal individual and for a self employed/small business owner before moving to taxable accounts or alternate vehicles like cash value life policies?
I’ve seen for individual: match trad 401k->match roth 401k->max roth IRA->max trad IRA->max trad 401k->max roth 401k->max HSA
For self employed: max SEP IRA/solo 401k->max roth IRA->max trad IRA->max HSA

Of course situations differ but in general?

What rates are people getting for condos? I’m thinking about selling my condo (I had 3.25%) but my realtor said that the rates are so high now that if I were to buy a similarly priced place, the monthly payment would be like $800 more. I’m bad at math, so I wanted to ask here to confirm this is accurate. Mortgage is around $700k

Sorry, haven't been active here. What are we buying these days?

Any tips on negotiating rent increase? I got a 20% increase and it’s more than I am willing to pay. What are effective ways to negotiate?

Anyone buying a place during Covid times in Denver? How's it going?

What's a fair share of taxes? In my view, ideally 0. But curious to hear what people here think.

I am joining JPM as a VP. Which brokerage accounts are permitted at JP for personal trading?

Looking for a panty dropper used car for around 40k. What would you suggest? Considering a wide range of options from x5 to F type

Reporting your shares to independence reporting. Do you guys actually follow through and not trade restricted stock? If you have a separate brokerage account, what’s the risk? At what level does it matter (manager, senior manager, etc)

Hi IBMers,
Do we need to mandatorily submit the rental agreement, rental proofs and landlord's PAN to claim HRA for any amount?
Please help me with your suggestions. Thanks in advance 😊

I recently was let go (in lieu of accepting my two weeks) and I should have received my March expense check by the end of April per the employment agreement (submitted the report April 1, let go before mid April). I have emailed HR but haven't heard anything. I've got a feeling someone at the top is putting a hold on it.

How do I get my money from them? It's a few hundred dollars

Sorry if this isn't the right bowl for this question - I've checked a few.

What has been more beneficial to your career and why: specializing in a service offering or an industry?

Is there any way around PMI insurance if putting less than a 20% down payment?

Is Valuation ( financial advisory) a good niche to transfer into? How’s the job demand and exit opportunity look like ?

Is part time work in audit ever possible?

Need advice on salary range for a role I'm interested in. Change Management Analyst role in HR at American Express. I have 3.5 years of experience, mostly in the CM space. Is 98K too high/low? (NYC)

Hello Sharks
I joined Barclays on 21st March.
I heard that salary day in Barclays is 24th, so will I recieve salary this month or will it come next month only.

Hey fish

I have separate NPS account in which i was contributing for more than an year and now i see an option in my payroll portal like i can link my NPS PRAN to current org and employer will also contribute equally

Can some one suggest what does it benifit us and how it differs from EPFO which we have already

YOE : 6 yrs
CCTC: 17.62 lpa fixed
How much PWC AC can give to me?
Holding an offer of 23 lpa..
Please help guys...

Moving to a new place and have space for a desk and office chair. Best recs for both? Wayfair would be great since I have a friend who has a corporate discount but open to other options

Managers/Senior Managers - How do you deal with your reports that are jerks?

We have a opening for someone 7-8 years of experience in finance reporting domain JPMorgan Chase . Person should be good in advanced excel powerpoint. Alteryx or tableau exp would be added advantage. Dm if you / any your acquaintance is interested

I’m really liking DMZ mode in Warzone. I think they have some real potential with this game mode. I like that it’s not as sweaty as Tarkov but still has some elements of it. Still in beta but I hope they realize they have a potential gem here.

PwC Toronto assurance: being offered a job as a transfer from the US. I’ll be transferring as a senior associate 1 (aka this is my promo year). I’ll be either tier 1 or 2 since I’m an easy promote here in New York. I was offered 61k CAD assuming I’m tier 3. They said they might adjust it if my rating comes in higher. What should I expect if I were either tier 1 or 2? Trying to minimize the salary reduction…

I have 4 years of experience. Ihave a job offer from cisco as Grade 6 software engineer with 17.8 lpa fixed, 1.34 lpa variable and 3 lakhs JB. I have another offer from publisis sapient with 21.5 lpa fixed and 1 lakh JB. Which offer should i take?

EY GDS or Macquarie. Both offering same salary. Which would be better?Macquarie Group EY

How long did it take you to purchase your first rental property once you started looking? I’ve been working with an agent for about a month with one offer not accepted, feeling discouraged

Hey everyone, curious about pros/cons and profitability of renting out a unit long term vs AirBnB. Let’s say it’s a condo downtown in a big city, how do you figure out what’s the better option?

Anyone take the WI Real Estate state exam? Any tips on what to study?

What rates are people getting for condos? I’m thinking about selling my condo (I had 3.25%) but my realtor said that the rates are so high now that if I were to buy a similarly priced place, the monthly payment would be like $800 more. I’m bad at math, so I wanted to ask here to confirm this is accurate. Mortgage is around $700k

I would like to learn more about development and real estate. Can anyone recommend any books or courses that you think are informative. Eventually I would like to own a few apartment buildings, but I know there is a lot I need to learn 1st. Any advice appreciated. 

Due to a family situation we are looking to move to a different state. Normally we would sell our current home and buy a new home in our new location. However, with todays prices and interest, will it make more sense to rent out our current home and rent a home ourselves vs. selling and buying immediately when we move? We are moving from Vegas to Sacramento and we are not sure how long we would stay in the new area. Thoughts?

I went under contract last fall for a new build that will be done later this year. In the contract the seller/builder included a clause that gave them the ability to change the price without cause anytime before the house is complete. This past week they invoked that clause to increase the price by like 7%, supposedly due to material costs. I can either agree to the increase or they return my deposit. My question: is that type of clause even legal? (Cont)

Is it common for HOA to ask you to prove your car registration is up to date?

My assumption is that one makes money in RE with leverage. So, would you never let your equity in any given property get above certain% (I.e re-leverage and invest elsewhere) or would one eventually want to own a property outright?

How did you decide where to live? Have a young family, working remote, and currently living in a city. Looking to move to the suburbs but a bit overwhelmed with the number of options. Also struggling since we don’t live close to family and don’t like the areas family members currently live in.

Would you pay an extra ~$100/month on top of existing monthly PITI for access to $65k in equity from your home? Want to use it for either A) down payment on new primary or B) net new investment property and see if that can fund the next primary

How did you get started with your personal investing in stocks? I am 26, F, have some money in savings, 401k, stocks and just started my own business albeit small. I’m extremely interested in real estate investing have been reading and listening to podcasts. Any advice?

I'm under contract for a new build in progress that won't be done until much later this year. I fully expect interest rates will be higher than what I originally estimated. I may or may not try to lock in a good rate early, but I'm planning on renting it out and this throws a bit if a wrench in my margins. I can take it financially, but wondering, If I absolutely needed to get out of buying it, what recourse do I have? Or could I go ahead, and refinance later (who knows rates at that time...)?

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

Is it safe to buy new home now with high interest rates ,high home prices and recession in near future?

Looking to buy in the DMV suburbs (northern VA). Is this the wrong time for such a move? Beyond down payment, got about 6mo emergency fund and must tap into it for moving&house expenses like furniture

If u have a house under my name if i move it to an llc what happens? Do i refinance to prevent a due on sale clause?

How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

Hi all - any advice for a first time real estate investor looking to make their first purchase at the end of 2021.

I plan on saving $50K, for a $350-400K property in the Long Island, NY area for my first property. Does this sound reasonable? And does anyone have any experience & advice investing in the LI area?

Id like to rent it out for some positive cash flow that I can then start using to save for my 2nd property (sounds easy when I type it).

Thanks all for your input - stay safe!