If I purchase a property for $425k, put $100k down, how much income would the property need to generate per month as a temporary rental to cash flow?

Australia onsite offer from a company for my cousin. Tenure is 2 years
Package is 7000 AUD per month
Work location is Sydney
Is this enough for a couple to live there?
Can we save some money?
What is the cost of living there? How about tax?
Assume like everything they have to buy in Australia from scratch

Need your suggestions

TIA

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

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.

First time home buyer and I have no idea what I can afford. Excellent credit. I know to get a preauthorization before looking but want to skim homes the meantime. Any good rule of thumb when searching?

Hypothetically, if BBB was delayed and brought to the Senate floor next year (let's say February 2022) and passed, and the January 1st date for ending Roth conversions is left unchanged, what would happen to Americans who performed After-Tax 401k to Roth conversions in January? Would 401k custodians have to reverse the transactions and somehow factor in gains earned in users' Roth accounts since the conversion? Could there be penalties?

Need some advice on renting here in ATX.

Back in May 2021, I rented a property that had sustained damage during the big snow storm. This wasn't disclosed at lease signing. The home leaked every time it rained, mold was found in the home & the LL failed to make repairs that resulted in me falling down a flight of stairs. I moved out& rented an apt for 2 mos before signing a lease on the house I live in now. This house has a serious big problem& I've found mold here too. Continued below

Amex Platinum or Chase Sapphire?

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

I’ve gotten massive returns by making huge bets on good coins. XLM is my current darling: FairX, ICO platform, partnerships, use cases and fast payments.

Option 1: margin loan based on brokerage account assets, Option 2: home equity loan on a paid off property. Looking to use the cheap debt to DCA invest in the market over the next few months. Have reasonable risk appetite, thoughts on one vs another?

where is the best place to sell or trade in my used car? (2019 van low km’s)

Porsche IPO worth buying now amid market and economy turbulence?

Financial literate people of the bowl, in your opinion, what should be your net worth to buy a Rs 10 lakh car?

About to buy my first car, am I making a mistake? It's 2019 Corolla for 25K CAD (18K USD) all in. 45K kilometres (28K miles). I have 75K saved and earn 100K a year. It just feels too expensive, but it's hard to find something decent for less. Thoughts appreciated!

Where do you guys go with new money under an advisory minimum for a year or so? Multiple clients saving 5-10k per month. A sh., C sh., ETF’s, other? Believe it or not, I don’t push WL insurance to all

My wife and I are currently sharing one vehicle and considering purchasing a 2nd car, most likely Tesla Model Y. Tesla lowered rates from 2.99% to 2.49% 72 months. Is that considered a good rate? Has anyone else went with another auto loan? Also thinking about buying a 2nd home. Would financing a car before buying a house have any major impacts? I have a credit score at 794.

Anyone can guide in options trading?🙂🙂
Lost around 10k😒

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

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)

As an A3, I finally understand why people work so late in busy season. It’s because you don’t get any work done until 6 pm, when the pings and meeting finally slow down. I can’t work on something for more than 10 minutes without something else popping up.

Ok here’s the sitch a: I need a job, I do not have a CPA license nor do I want one. I have 5-6 yrs of private company audit experience. I’m completely open to jumping fields or industries. Does anyone have any recommendations on directions to look into?

As a senior copywriter is it odd to have 6 pieces in your book or is that not enough?

which institute is good for Data Science

Looking to make a change from Canada (Toronto) to Dubai. Any thoughts or Big4 Cloud Consulting roles in the ME? Deloitte is generally the global leader. Any thoughts on Digital/Cloud Transformation in MENA?

Like this if you hate tax and feel stuck right now with the pandemic so I know I'm not alone 😭😭😭 I wanna be a consultant so bad.. also if you have any recommendations or advice please go ahead

Has anyone bought anything from Vestiaire Collective?

The new X7 looks like a faakin’ Kia….

I saw 2 posts earlier about the show "Ultimatum" on Netflix. Can't pass up trashy TV and started watching. Just finished episode 3 and loving it! Considering cancelling tonight's plans so that I can binge the rest of the season before bed.

Spoiler alert, stop reading if you care
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WTF was with Nate's proposal?

(1/2) I started a new job less than a month ago at a large firm with a significant pay increase. I work remotely- which is a special arrangement. They paid for my travel to their headquarters for in-person training. After interacting with my manager and some of the attorneys, I feel like I made a mistake. Manager is demeaning and rude. A bunch of the attorneys dropped not so subtle hints that people who work from home are causing all kinds of problems. I don’t know what to do.

Hi Folks, please like to help me enable dm option

Anyone getting blown up on LinkedIn by franchisee opportunities? I have never indicated interest but get a new message from someone trying to pitch me almost every day…

We are so close. Final stretch. Let’s go 🔥

How do I keep my watch from falling down my wrist when I walk? Is it normal for it to be able to slide a little?

An additional link off (already a half one) makes it indent my wrist, so running out of options that way. First time with a metal bracelet

Dude 🐠. Heading to Deloitte soon, want to get some better clothes. Maybe 3-4 new fitted suits, trendy but professional. Don’t want to spend a fortune. Any ideas on your favs?

Can anyone throw some light on what sub levels exist within level 9 i.e. at Management Consultant level in Accenture Consulting. Also how do we know whether we are offered base level consultant or experienced consultant role and what are the corresponding salary levels? Please guide?

For any of you real estate investors, what tools or sources did you learn from when getting started. Can’t find a mentor currently so want to find some highly recommended books or videos. If focused on the tri-state area (NY, NJ, Long Island mainly) that would be even better. My hope is to buy and rent out a apartment while also owning a house and house hacking that by renting part of it out. Trying to understand all the steps, traps, and how to find if it’s a good investment.

Planning on buying a house with MIL. She would lend us half the price of home interest free in return for being able to live in it rent free. We’d have 100% ownership. Repayment only required if we sell the home.

She would maintain the place 100%. We would cover races and insurance.
Relationship aside, does it sound like a fair deal?

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.

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.

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)

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

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?

Does anyone have experience managing an out of state property yourself? Are there any tips/services you use?

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

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

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

Anyone in CA dealing with increased insurance costs on rental properties. AllState just increased my rates by 46% from last year. I had no claims what so ever. I am reading online that several other companies have raised their costs as well and wondering what others are seeing and if there is a preferred insurance provider for you.

It’s a myth that renting is “throwing money away.” Maintenance of a property is expensive! I’m selling my place and I’ve never felt more free. I can use that money (~$5000/month) to invest even more.

What's the best city in UK to buy a buy to let property, with best returns?

Has anyone made a property purchase using sheriff sales? Can you shed any light on the process or share tips or resources?

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.

Can anyone recommend a solid lender in Westchester County single family homes? Low rates, good service, easy to deal with.

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