I am moving out of my primary home & renting it out. I have lived here 3 years and will be returning in 2-3 years. To simplify bookkeeping & documentation for my taxes, I was thinking:
- opening a new HYSA with some liquid funds (1% of property value)
- paying utilities + maintenance expenses through the HYSA (& keeping receipts)
- depositing renter's checks in HYSA
- continuing to auto-pay my mortgage+escrow through my personal checking account

Continued in comments

When is the Bitcoin bubble going to pop?

Hey FB fam. I’m putting together Financial success resources. If you have any books, articles or podcasts in relation to personal investments or real estate you recommend, please feel free to share 🙃

Anyone willing to share what assets they're investing in with the extra money from being overemployed?

Could anyone please clarify this?

Is the tax exemption limit (of 25000) under 80DDB for both parents or 25000 for each parent?

So in short - 25K+25K = 50K for Both Parents or is it just 25K for both.

Hi! Anyone attend law school part-time while working full time? If so, would you be willing to share the total debt you graduated with? I only ask because I have not been able to find any info related to this online (only stats on full-time students).

I will be submitting applications to schools in one month, but really want to gain a better understanding of finances during and after graduating from law school.

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.

My monthly salary is around $6.4k after-tax. Living in NYC. Do you think it’s reasonable that I pay:
- about $1.5k on rent
- about $500 on utilities and subscriptions
- about $900 on student loan
- about $2k on food and etc.
My saving goals is around $3k so been trying to adjust my monthly spending.

Buy/lease now or defer to Q1-2023?

My car broke (engine seized, 10y old). I am interested in 530i ($62k price), however 3year lease is $1,000+ monthly (with $5k down). Monthly lesse payment is 50% more than bmw advertised offers (“south FL dealers are not participating in the program”)

Q to car gurus/experts- should I defer purchase/lease for 6 months? My logic, the impending recession will reduce demand and we will go back to more balanced market (lower prices with negotiation).

Hi All,
One of my friends has recently joined capgemini and has following doubts related to tax proof.
Can we edit the tax declarations in HGS portal every month any day?
Does Capgemini asks for rent agreement along with rent receipts as a part of tax proof submission?
Also which proofs needed for,
80c - elss lic
80d - insurance for senior citizen parents
80ccd1b - nps

Hi guys any one dealt with DeVere for managing his investment portfolio, how was your experience?

Pretty new to stocks and investing I would like to invest $200-$300 a month in an ETF index fund which do you guys recommend? Also would like to invest some money monthly in a more risky stock which do you guys recommend?

For rent paid below 1 lakh there is no need to submit landlord's PAN. I have calculated based on my HRA and if I show rent paid as around 96k my tax refund will be around 13k.

However there is no rent agreement or rent receipts.

Will it be a problem later on if I show this in my ITR?

How does the housing market work exactly, like, what determines whether prices go up or down?

Could someone give tips on where to find Luxembourg individual's income tax legislation? Thanks!

Anyone have specific financial goals they're willing to share and how to get there? I'm 30 yo, l10 and $$ gives me anxiety. Currently making ~$95k with $30k in brokerage and $30k 401k. Or, tips for not stressing out that I'll be broke in retirement? Should I make a lateral move out at some point and target a $250k salary by X age?

What's your biggest net new account this tumultuous year?

What to do with stocks/crypto accumulated in US, sell them when moving back to home country after completing H1B ? What about taxation when you hold and sell later ?

Good recommendations for realtors in LP/OT area? Apartment rentals. Thank you!

Anyone know good property managers in the Denver area?

I have one pro bono case that I kept when I left my firm to go in house. It’s a matter completely unrelated to my company and I have malpractice insurance through the nonprofit organization associated with the case. I’ve made clear to my client that I’m repping this client in my personal capacity. No one has asked me specifically about pro bono stuff at my company - if I know there’s no conflict of interest, is this something I should disclose? To whom should I disclose this?

If you practice collections in-house, what do you earn and do you receive a bonus?

I have practiced for five years and make $121k as an employee of a financial services company. As the only attorney, I oversee all statewide collections efforts, from demand letter to garnishment, with a case volume of nearly 7k new cases per year, of which the majority I end up litigating. I receive only a $1k bonus per year. Is my compensation fair? My last insurance defense gig was $75k.

This is the great resignation, right? Thoughts on jumping for the fourth time in seven years? I’m chasing the pay to get to where I want to be and have an offer but am getting reservations on making a move within a year. Appreciate any similar personal experience.

Anyone currently working at Grubhub? I have an interview coming up and would love to hear other people’s opinions/experiences working on the product design team there. What’s the culture like?

Please give me 11 likes to unlock DM 🙏

Does anyone have experience working for or using Sylvan Learning Centers?

When Borrower is SHOCKED that the Bank doesn't want to give them 100m without completing their due diligence first 🙄.

I'm a Canadian AD and I'm thinking of working in Europe. Is there a well known staffing/ recruiting agency for creatives out there?

Underrated tech companies to work for? E.g. not FAANG.

Hi guys im a .net developer with 4 years of experience. I have worked in support project throughout my tenure and want to switch to development. I planning to switch so what are the skills that I should plan to learn and how should I go about it? Any suggestions are welcome and also if someone had any similar experience , it will be great if you could share it!

Thanks in advance

What is the official vacation announcement for EY during 4th July weekend?

Are the exit opportunities better in Internal Audit/Business Process than IT Audit? All I hear is how awful IT Audit is but don’t hear as much complaining from the business side

Wire transfer analyst please share your pay. I’m interviewing for a position tomorrow what to know the pay being offered is good. Please share you salary, YOE, and state you live in

Hi ME 🐠s! Would like to know a bit regarding Business Analyst roles in MBB, T2 / B4 firms in UAE. I come from a target school in India (say MBB / T2 hires from my college every year) with ~1 YOE in consulting - based in Dubai. Would the stated firms consider me for a BA role (lateral hire as an experienced BA)?

What is your hottest take about working in the Tech and Digitial industry?

What's your date of Jalsa??

Has anyone bought property where the EPA has remediated the site for lead contamination in the soil? If so what’s your experience?

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.

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...)?

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!

What books would you recommend I read?

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.

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

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?

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

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?

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

Help needed: No idea where to look or how start housing search. Household income (myself + wife, no kids...perhaps in 3-5 years) is $250k pretax and we are moving to Indianapolis (so looking at Zionsville, Carmel, Fishers area). Any idea how much house we can afford? Good resources to conduct the search? Any help appreciated.

Planning on Arizona, Phoenix area. What is the best today, purchasing a home or building?

How long did it take you to buy your first million dollar home? What were the steps you took to get there?

My dream neighborhood is 10 min down the road but entry point is 1.2m. Currently my house is worth around $550k

What do you all think of fundrise and start engine Real estate Reit ? Any experience? Would you invest here if you didn’t have the time to actually buy and rent properties? Any insight is welcome.
Thanks

I’m in Dallas and have been renting for 5 years. I don’t have any savings, but have about 30k in my 401k. Im thinking about leveraging that to buy a condo/or house. Is that a good idea or am I in over my head? I mostly want to, because I’m tired of renting and I’ve read reports that prices will only continue to go up. Although, I will have to pay back the 401k + pay rent, so maybe not a good idea. Advice/resources would be helpful.

I thought the answer is yes but now double checking. Can we write off the interest we pay on our primary residence mortgage?

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

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?

Current Tenant Rent: $1075, Monthly Payment: $400 (with property management), Initial Repairs: $2-5K, Down Payment: $12K

At surface level, do these numbers check out?