I’m working on a deal for a flip. 252k purchase, about 30k in remodeling and finishing a basement. It adds 600sqft. With the additional sqft comps are 375-400k. I’ve typically done live in flips that get me out of capital gains by staying 2 years. This one is in and out by summer. Do you guys have any strategies you use to minimize the taxes on a 5 month flip?

I want to buy a new home and then sell my current home after we are moved out. Current home is a VA loan, is there any way to buy the second house on a VA loan?

Folks that got a prenup. How and where did you get it? We have spoken to a couple of lawyers and it simply seems to be a back and forth they want to do to rack up billable hours/complicate the issue. My SO and I pretty much know what we want. We are doing it mainly to protect my SOs inheritance. Looking for the simplest way to execute this. TIA for any advice.

Hello fishes, will be really insightful to understand cost of living in Doha for a single person. Rent + food and other expenses manageable at 8-10k QAR/ month?

Fixed ctc 2435000 Lpa with gratuity 3.5k pm and pf including both employer and employee 16k pm. Any estimated what will be take home pm post tax?

Why are properties in NYC so damn expensive? At this point should I just move elsewhere?

Currently 25 y/o making 70k/year in Boston. I grew up pretty poor and I have minimal financial education. A lot of my salary now goes towards helping my parents get out of debt. My parents are no longer able to live on their own, so considering selling my grandmas house where they live (maybe 550k), paying off their mortgage (100k) and buying a duplex (between them they make about 55k/year). Is buying a two family home a good investment ? How much can I afford to spend on a new house?

Folks making more than £100K: How do you deal with the 60% effective tax rate on the 100-125K bracket? (HMRC gradually reduces your £12,750 personal tax-free allowance to £0.)

This is the first time it is happening to me. With one month to go until the end of the tax year, I'm thinking of making a one-off extra pension contribution next payroll.

Any other effective strategies with only one month to go?

Hi new to crypto! What apps/sites would you all recommend to start investing? I have Robinhood but it doesn’t have a lot of the crypto options

I am considering putting down an offer for a TH in a community that has Mello Roos. It gets added to the property tax. I am looking at paying an additional 5-6k for that.

Online videos say it’s all good because the money gets invested in building the community .

any potential downsides? In terms of future sales and demand ? What am I missing?

Hey folks I applied for a credit card they were asking for official mailid is it legal to provide bank mailid for credit card processing?

Heading to Buenos Aires and Montevideo tomorrow. Will be in each city for 1 week. Are credit cards widely accepted or do I need to exchange cash before I go. Thanks!

Can we file separately as a married couple if I have already contributed to the IRA for 2020? IRA guidelines say married filing separately cannot contribute to IRA but well too late lol

Please suggest me best SIP to invest

Right now sitting at 40% cash in brokerage account. Want to decrease the cash reserve to 15% to 20% but not sure if I should just buy more stocks now or wait for the next market correction. I know never time the market but still.....

Does EY let you keep Amex rewards points?

Can you set automatic investments in TD Ameritrade? Looking to DCA at the start of every month into index funds without having to manually buy. Thanks!

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?

How do you calculate IRR for a write off? Is it just 0% or should it go negative? There’s no cash moving after the initial investment so not sure what to do.

I don’t play with options much, but I happened to buy VERU calls for 2/19 a little while ago and now it’s skyrocketing, it’s up over $1k for me- will it keep going up? Should I just take the profits now and be happy?

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

How can one overcome anxiety when presenting?

Hi Fishes,

Is it safe to join booking .com at this time of recession, i am hired for bangalore location.Anyone else who got interviewed/hired?

Any thoughts on the Airbnb IPO, price to get in on?

Is it more worth it to go into FDD at a regional firm now, or hope that my current big 4 will transfer me come spring 2021?

I'm kind of in the mindset of only doing FDD at big 4, otherwise I'll go straight to industry. Am I being too down on mid-market FDD experience and the related exit ops?

Also, I can't go the route of doing FDD at a different big 4. Already got rejected by all of them cause I'm not in audit (but have CPA).

Anyone seeing a slowdown in FDD hiring craziness?


Seems like these recruiters haven’t been hitting up my LinkedIn DMs at 2021 levels

Was told I am a low performer today and need to improve or I am terminated. I have roughly 3 months to find a new job right?

Forgiveness - Today’s Beautiful Hadith is about Forgiveness
Abdullah ibn az-Zubayr (RA) said on the minbar, "Make allowances for people and command what is right and turn away from the ignorant." (7:199) He said, "By Allah, we are only commanded by this ayat to accept people's character. By Allah, I will accept people's character as long as I am with them."

(Al-Adab Al-Mufrad 244, Book 12, Hadith 7)

Hello Fishes,
Currently having 3 years 3 months of experience, non MBA, with the below skill set. Certified in Aera, Anaplan and o9 solutions. Worked on python and sql for SCM Analytics. Current CTC 15LPA. Can you suggest what should i be expecting in i join the industry and in a startup for a consulting role.

What health tech (or adjacent) start ups excite you most these days?

Just raised my first snapshot.
We can't see the review?

Hi fishes, do qualifications like B.E, BCA or BSC decide the CTC?

Hi fishes ,

I received an offer for senior manager position in PWC .

Can you please let me know about the health insurance coverage as it is not mentioned in offer letter.

Please also inform if parents can be included in health insurance provided by PWC.

What are some good and reliable electricity and internet providers in Dallas ?

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

Anyone know the average annual rent increase for 1200 sqft 2 bedrooms? I’m renting and want to know what to expect in a few weeks

Do you thank your tenants for paying the rent? A quick thank you text?

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.

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

Any Property Management recs in Seattle area? :(

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.

Are most new houses being built with induction cooktop? What has everyone experience been like? I personally had non compatible cookware with induction cooktop and wondering if I should just buy a new cooktop (electric, gas etc).. Other reason is that I read that it's also not healthy due to electromagnetic waves?

Does buyer have to share appraisal with seller? Can seller request it?

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.

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?

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

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

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

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.

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 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

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.

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?