I have about $300k equity in my current primary residence. I understand if I sell it right away, I don’t have to pay taxes but If I rent it and move to another primary home and sell it after 3-4 years, would I have to pay capital gain taxes then? I don’t want to do 1031 exchange.

Curious to know what other avenues people have taken in our industry to make more money. Currently getting OT which is nice since most places don’t offer that benefit but still doesn’t feel like it’s worth the long nights when the paycheck comes in.

Chicago announced a $10m grant for looted businesses. Really confused because I thought insurance just gives everyone that’s looted money.

What is the best-kept secret among realtors?

Do you use a series LLC for real estate holdings? Why or why not?

Is this the official Amex Fishbowl?

Fish fam - quite new to all this and would appreciate your support. if I am based in a high income tax state but work on site in a lower income tax state. Can I claim the paid taxes back from my home state or do I always pay income tax based on where my home office location is?
Thanks

Hi all, I’m in the north east metro area and due to the current RE market we decided to look into PA specifically Lancaster. Anyone in this market and have any thoughts on where it’s headed? We’re looking purchasing a single family property all cash at 110k that rents for $1100 a month. The last owner bought for 35k like 15 years ago 😩 but hoping buying and holding for a few years will give a equal or greater returns over the long run.

I am planning to invest in REITs. What is better VNQ or XLRE? Is XLRE a mutual fund and tax wise slightly less beneficial than VNQ?

What’s a safe level of income to buy (or finance) a boat?
I’m aware they are money pits but want one to fish / get out on the weekends

Been looking forward to the stock market to come back to earth for a long time. What should I buy

I am not able to upload my tax declaration details from the greyHR portal. It is showing an error message since morning. Is there anyone else who is facing the same issue

Diversification is for protecting the wealth but concentration is for creating. Agree or disagree?

Has anyone here used New Western to buy real estate deals?

My boyfriend and I make 200K combined and live in NJ. We have $1000 in monthly car payments combined. That’s all we owe. Our credit scores are in the 800s. We have 50K to put down on a home. We have done the math and I know we can afford much more but he doesn’t want to buy more than a 400K home. I’m almost positive we can afford 500K and be more than ok. But then he starts to talk about how much kids cost and how we will be house poor and we won’t be able to afford kids. 🤔 Am I insane??

Whats the second source of income for a IT employee ?

I’m 26 and have ~40k sitting in my savings account. Annual income 140k. Maxing out 401k. No debt. Planning to invest 25k but don’t know where to start. Should I get a wealth manager? What is the best way to approach this?

Kpi reply krta b h is group me
Techm need NPS account from kotak only
How to open a new one.

If I had a traditional IRA before being employed in a 401k eligible role, can / must I roll that IRA into the 401k or can I leave the accounts separate without deleterious tax consequences?

Pranam Fieshes ,

How to declare tax on joining bonus? First time got joining bonus , how to mention it in tax declaration . Please help

Your lovingly,
Fish

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?

My bank makes you fill out a form if you want to work in the office for each individual day. It’s largely empty from what I hear. What are the risks if I were to go in and “borrow” an office chair for my new apt? How about a monitor?

Democrats in 2000: Bush is Hitler
Democrats in 2004: Bush is still Hitler
Democrats in 2008: McCain is Hitler
Democrats in 2012: Romney is Hitler
Democrats in 2016– : Wow, now we love George W Bush, John McCain, and Mitt Romney.

Interesting.

Hello all,
How to apply for onsite jobs. Tried LinkedIn but didn't get any call. From India how to get opportunity for work in another country. Please suggest. Skill - ETL, SQL 7 yrs experience

Anyone working remote for US companies?

Older, successsful FAs: How do you suggest a younger female in the business approach you and talk about joining your team? What areas do advisors like you need help with?

Guys any reputed company giving work from home permanently or everyone moved to office/hybrid model? Especially I want to know about wipro and Microsoft wfh policy

Anyone take SHRM? How many hours did you study?

what you say about Capgemini Salesforce practice? salary, benefits? culture?

FAANG folks - what are Facebook/Google roles like Country Lead/Industry Lead equivalent to? Are these Director level roles? What sort of compensation can you expect in something like that role?

My office chair stinks even though I wash it with carpet cleaner every few weeks. Fellow 24/7 WFH workers, how do you keep your office chair clean?

Any insights into Arup for Management Consulting?

Investing from last 1 year.. eSOPs worth 1.2 L and SIPs worth 74k.
6k every month in SIP.
IPO: 3, 2 LIC and 1 Wilmar

Desi fam, for those of you who have a HSA account, do you know if we can use these funds for medical expenses in India?

Anyone else struggling with hormones / mood swings? I am almost 16 weeks and been having a real tough time lately, feeling really down and stressed about things. Sadly, causing tension between me and my partner as well as he cannot relate and seems preoccupied with business as usual. Trying to get out the funk and just telling myself it’s all the hormones.

What are some of the best paid medical fields that don't require a doctorate? Certifications are absolutely fine. I just can't afford to go into doctorate-level debt

Can we leave CG a month after joining?

Does everyone have a refrigerator from the mid 2000s in the garage that they use to store drinks? 

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 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)

Buying a new construction single fam house in PA suburbs. Already Signed the contract and Looking for a lender with lower interest rate. Anyone come across comparable lower IR lenders? Any insight is appreciated! :)

Has anyone used Loan Cabin to refinance? They seem to have the best rates.

Commercial real estate question. When a residential property will likely zone commercial in the coming years, do we, the owner, wait for a buyer/developer to contact us?

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 am looking into buying a multi unit (dullex,triplex,quad) in Chicago ideally in Lakeview East/West, Lincoln Park, Wicker Park, Logan Square, Bucktown areas.

This will be my first property and planning on living in one of the units. Downpayment will come from what I have in stock market but wondering if anyone has any models to how to analyze if it would be a good investment property. Would appreciate any help? First in family to get into something like this.

At what income level should one be comfortable to spend 2400/mo on rent in HCOL? Assuming single, no kids, no debt or major expenses.

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?

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.

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

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?

Any one knows what’s the easiest way to order a radon test for new construction?

Under contract to buy my first home - house hacking a triplex. Property has been leased by the same three tenants for the last 5+ yrs, rents haven’t been raised since they moved in. Market rents have risen 70-100% in the same timeframe. All seem like ideal tenants (retired and take great care of the units) but I’d like advice on how to approach the rent increase conversation. Rents don’t make/break my mortgage payment but I’m leaving a lot on the table if I don’t increase significantly.

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

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

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

Interested in development. Any recommendations on how to get started? Are there any organizations that will fund any part of a development project?

Recently freed from the consulting game (starting end of next week) with a great severance and new energy around RE. Closed our first REPE fund last year as well as a sizeable personal portfolio in a large midwestern city, all on the side.
If you’re accredited and interested in putting some $ to work in this super low yield environment, ping me! Ramping up the next fund soon.