Going through our first house purchase and I’ve felt nauseous the entire time. Is this normal?

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Posting as :
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As an investment or single family to live in or something else?

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Then congratulations! It’s an asset that will more than likely appreciate and you’ll have tax deferred up to 500k if you’re in a civil union or marriage. Don’t be nauseous lol

It’s only the biggest purchase you probably have made so far in your lifetime, and only 30 years of debt! What’s there to be worried about?! [/s]

Do you have friends or family who have bought a house in the last ~5 years who could help you understand the process? Also, your realtor should really be holding your hand thru the process.

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These interest rate’ll do that to ya. 🙂 It’s normal to be nervous, maybe not to the extent of nausea.

Congratulations 🎉 on landing something. It’s a tough market . It will get better.

Related Posts

Currently 31 with 6.5 YOE and single . Should have NW of 250k by end of this year. (No significant assets in India). Considering this money all reminds invested I should have a decent nest egg for retirement. Have an LIC policy that will be worth arnd 50 lakhs when I surrender it (plan down payment for an apartment). Struggling to convince parents this should be enough for me to move back. They think I should move back when I have more financial security. What more should I plan for ?

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What motivates you to start or keep up a side gig? Is it just having more income or a specific financial goal?

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Question for folks with second homes: Considering buying a vacation home but would be primarily for family use. We currently have a primary residence with a mortgage balance of ~640K, so my understanding is I could only deduct the mortgage interest on 110K of the second mortgage to stay under the 750K cap. If I were to buy the second home through an LLC, would that allow me to exceed that 750K since the expenses of the second home would be pass through expenses/income?

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In your opinion which is the best target fund to choose in IRA Roth?

My landlord requested a $100/month increase in rent. I want to push back on that increase, given the uncertainty around corona virus effects. I need to re-sign by April 1st, if I wish to extend. (1/2)

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Thoughts on investing long term in BA at current price?

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Everything crypto has gone from "this cryptocurrency has a price target of X because of its use case Y probably in 5 years" to "do you guys think poopoopeepee coin can 100x tomorrow? I'm considering investing my kid's college fund."

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Real estate Tax question: I have a personal property and investment property in Florida. I am about to pay one off. Should I pay off the investment property or the personal home?

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Coworker got fired because they stole my clients! We have a policy stating that the realtor who initiated the contact should be the one closing the deal to give them a fair chance. I feel bad but they should have read the policy...

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Taking a gamble here. 25 OXY $16Cs for 4/9 and 25 OXY $17Cs for 4/9. $0.20 and $0.08 respectively. Very high risk but have gains on other OXY trade that I don’t mind risking on this.

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I'm being interviewed for Senior Analyst in hsbc. Can anyone help me with the tax saving options available with HSBC? Like self education, communication, meal vouchers etc.

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For couples who are not married yet - Do you guys talk about net worth, income, or anything even finance related? I know my SO earns more given his current industry, but thinks it’s rude to talk about those things. But I’m wondering… isn’t it normal for couples who live together or are married share those info? For example - How am I going to know what to pay for our child’s education in the future etc?

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Has anyone used or heard about Flagstar Bank for mortgage? Seem to have a great program for JDs, wondering if anyone has any bad experiences or good experiences with them

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

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KPMG India KPMG India

I received an e-mail subjected "Balance Summary" from notifications@thanks.com

It shows 1000/- in my account that I can use for shoping.

Does anyone have any idea, from where does that money came? and how can I utilize that?

Thanks!

KPMG EY Deloitte PwC

Is buying VIX Puts and SPY puts a good strategy to profit off of coronavirus volatility on both sides this coming month?

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What is the *prime* amount of money to bring you happiness?

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Hi, can you tell me how many rounds takes place in for automation testing round. I have got a link for an online test and what is the difficulty level should we expect from this test v

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Hi fishes, how many days will it take for wipro to release fnf settlement from last working day??

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Need 2 MIM experienced resources
Notice Period: Immediate to 2 weeks Max
Experience: Not exceeding 8 Years
Organization: TCS
Kindly Share:-
Current CTC:
Expected CTC:
Total Exp:
Relevant Exp:
Hands on ITSM Practices:
Notice period:
Already have an offer in hand? I urge you to ignore this post
Ping me only if you qualify the above requirement

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Which companies offer salary above 50 LPA for 17 years exp in bangalore

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Copywriter, 30/M/NYC/5 year’s exp. Currently at 90k. In-house at major global brand. Hoping to ask for raise/promo soon. What’s a realistic number?

Hello Fishes...

Any openings for Guidewire QA in ur organization.. please let me know !!

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Matter likely to receive media attention

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How many days of sick leave a recently hired analyst can apply for? and will it get deducted from the annual leaves that are there? I could not find any section for sick leave in talent hub. Thank you in advance.

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Let that sink in 😂😂 ..🤓

Post Photo
funnylike

Does anyone live in Milieu in west loop? What are your thoughts on living there and are there other good parking options besides there garage? (We have 2 cars and $600/mo. in parking seems too brutal)

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I feel like at times i’m running against newbies in the industry that are just flying by the seat of their pants. How can I shine as an experienced professional even though IT is still relatively (2 years) new to me ?

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Can anyone recommend a good book/materials to prep for the CIPP/CIPM? 🙏🏽

Anyone here moved to Edgewater. I am getting a terrific deal and I am very seriously contemplating the move mostly for money saving reason with a lot of upcoming personal expenses. JC has become quite pricey too with no good one bedroom under 3k.
31, engaged, fiancé on west coast law school, I don’t ever go to bars.
Have to go into work perhaps once or twice every 2 weeks only.
Pls DM if you know more. General safety, cleanliness, delivery, Instacart routes etc.

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Folks if ur looking for referral in EY across the globe then DM me with requisition job ID.

Must not applied or attended interview in past at EY

Only above fullfilling folks DM me

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Hi Fishes,
I joined my current organization 3 months back.
Didnt allocated any project yet.

Now i am looking for a change:
Can someone refer me:
YOE :8.9
Location: Bangalore
Notice period: 30days
DOB : 01/06/1991
skills: java, spring boot, hibernate.

Thanks in advance

I am working for a client in infosys and the project is in initial stage and the go live is somewhere in January.

Now the thing is this project has lot of toxic people from client team and they play blame games on daily basis.

I am working as a team lead here and want to get deallocated from this project.

Please help me with right approach and save my soul.

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Ahh get a second job. Thanks Wired.

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funnylikesmart

TCS rehiring started?
TCS HR called me and scheduled an interview even though I said I'm exTcser

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Additional Posts in The Real Estate Bowl

Our appraisal came through exactly as the offer price we put. Apparently by lenders 3rd party. Isnt that a bit fishy? If it came in lower our contract has the option to negotiate a bit with seller. Is lender just trying to push this along faster? I'm pretty sure in this crazy market the home is not valued at what we offered. Why would seller put a much lower asking price then? Make no sense. Please advise!

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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?

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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...)?

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Looking to move out of California, and considering buying a townhome in Atlanta for ~$650k. Any thoughts on the Atlanta real estate market?

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Any Property Management recs in Seattle area? :(

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Now that the rents are going higher and housing is not affordable. With wfh option is it good idea to love to ranch with house?

Anyone here invested or opted as primary living place outside of cities?

Cheers

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28 year old with ~125k in cash/brokerage. Have been wanting to begin purchasing rentals but anxious to use a good bit of my liquid savings. Thoughts on biting the bullet vs. investing in stocks. In Houston if that is a factor

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Hi guys! Looking to learn about real estate investing! I am a senior in college graduating with a degree in finance so I understand certain aspects, but am looking to learn more on my own about real estate specifically!

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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?

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What are some of the things that were a MUST when buying your first home and what were some things that you were more flexible with and why? I’m having a discussion with my partner about what we absolutely need and what can be worked on later.

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(1/2) People who work in the Bay Arae peninsula (Menlo Park) and live in the east bay- which is a good place to buy a house, upcoming, easy to rent or Airbnb in case I have to move back to my country! Prefer single family home as young as possible.
1- brentwood
2- Pleasanton
3- Dublin (expensive)
4- San Ramon (very expensive)
5- what else?

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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

Happy Holidays fishes!! I would love to hear some thoughts here..We bought our first home last year for 316K ( starter home) in MCOL city. The value is now over 400K and I have an equity of over 150K. We are thinking of moving to a different state.Should we rent this place ($2400/month) and with recent refinance my mortgage will be $1600/month(inclu pay all) or sell it to pull out equity for the new home in a different state? FYI: we have over 100K in cash to down payment.

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Anyone punched out of state 4-10 unit apt building? How did you find the listing?

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I am moving to Charlotte, NC for a new job. I currently live in Portland, OR and have a single family home here. With my income, and current mortgage, I can afford a 350k house I’m Charlotte with about 10% down. What are the pros and cons of buying a new place in Charlotte and then sell my house in Portland?

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For people who recently refinanced, bought or is in the process of buying a new home, what APR did you get?

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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. 

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I'm early in my career, managed to save $30K to invest, and want to get my hands dirty with a rental property without too much risk (e.g. no HML/flipping). It sounds like that's a tall order in the NY/CT area given the prices, not to mention whether I'd be able to get a mortgage on anything below $100K, but I figure I'll give it a shot anyway. Any advice on what you might do in my position? Am I being crazy with this idea?

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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

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How might I start to evaluate whether or not it’s worth it to keep my current primary residence and turn it into a rental, instead of selling and using the cash to roll into the next down payment for our next home? Currently in our “starter home” and thinking to upgrade in a few years. Some figures to consider for current house - 299k purchase price, 240k left on mortgage, could prob rent for 2250-2500/month, or sell for 375k. It’s in a desired school district, but in the “city” tax district.

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