We are likely going to move to a new city in 2024 and I’m wondering what to do with our current home. We live in an area where I believe home prices will continue to rise faster than median (nicest neighborhood in a preferred suburb of Charlotte). I could simply sell the house and put the equity toward a new home (likely to be 50% down), but I’m wondering whether I should instead keep the home (and 2.75% mortgage) and rent it out (though from a different state). Any thoughts?

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?

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

Made my first few options trades.

first lesson I learned- take profits ASAP! calls went from +100% to -20%.

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

Final day at current company tomorrow and I have 100k+ AMEX points I need to use before they disappear forever. How should I redeem them to get the most bang for my buck?

Recommendations for how to allocate 401k with Fidelity. Just switched jobs and have to move from Merrill Lynch to Fidelity

Need to urgently find a 500k job. Can't keep up with mortgages with anything less. Any advice?

Have you ever taken a job you know you will hate because you needed the money right away? I have a family to take care of. I don't want to be plowing through our savings for selfish reasons like my mindframe at work, but I don't want to make our lives worse by being miserable. It's a matter of really ruining some of our financial future if we don't get money soon.

What’s the general guidance on the order to maximize retirement contributions for tax benefits for an normal individual and for a self employed/small business owner before moving to taxable accounts or alternate vehicles like cash value life policies?
I’ve seen for individual: match trad 401k->match roth 401k->max roth IRA->max trad IRA->max trad 401k->max roth 401k->max HSA
For self employed: max SEP IRA/solo 401k->max roth IRA->max trad IRA->max HSA

Of course situations differ but in general?

Should I do the IPG employee stock plan? Anyone else do this? Don’t even know if it’s a good stock or not

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...

I'm a Canadian on the TN visa working in the US and planning on maxing my Roth IRA (6k) and will have enough left to max my 401k this year, but am not sure if I should just use a taxable account over 401k due to tax considerations when I move back to Canada (likely 1-2 years from now). Any thoughts here? I don't think I'll have enough RRSP room to move 401k>IRA>RRSP and I would prefer to not have to file US taxes every year in retirement for withdrawls if I left the 401k in the US.

What are the benefits of a trust in estate planning for a single person with assets around $2m?

New to US. Which brokers offer best margin accounts? For e.g. I have equities worth $100K and want to trade options. Is there a broker where I can do so without paying more in collateral money - essentially using stocks as collateral, and also not paying margin interest. Was able to do so in London, Hong Kong, and India. However, Robinhood here doesn’t seem to allow it.

Curious to know how much your student loans were when you graduated from your program, how much you’ve paid off so far, and your age. If you have any varying factors too, like kids, income range, etc. Just trying to see if I’m on track or slacking in life. I am 34 yo, i graduated with 95k in student loans, i currently have 85k left and i make 85k in come. I’m also a single mom with two kids. Just praying for 100% student loans forgiveness. Wishful thinking???

Do big4s have any history of offering early retirement packages?

🔮 Looking for some buys with my new found gains in ETH 🔮

Need help looking for a 1 bd, I’ve tried domu/Zillow but none of the options are appealing. Should I be using a realtor?

Budget: $1,200
Areas of interest: LP, Lakeview, Wicker Park, Old Town, Streeterville, West Loop, River North

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

Hey Bain / McKinsey fish, how are you guys doing a year into COVID? Sustainability wise

Can anyone recommend a psychiatrist willing to prescribe adderall? Tried one and he gave me the run around

Hey guys! Yesterday the company i worked for laid off the people in our state for economic reasons with no notice. I’m in desperate need of referral in entry level SWE/SD(or similar) positions at the moment. Any help would be greatly appreciated. Thank you!

Does HCL give any joining bonus to immediate joiners?

Hello Fishes,

Can i survive comfortably with 7.5 LPA at place like Gurgaon??

I’m a bachelor with little obligations to send money to home, belongs to a middle class family.
Not many wishes, not a party person either, likes to spend time mostly at home.

Can anyone please help me making my decision of whether i should take the job or not. I’m really confused and read 100s of articles regarding it but not convinced.

Do you think your company will stick to remote work culture?

Official McGregor fight thread - who ya got tonight?

Just watched the Cris Collingworth - A Football Life documentary on YouTube. Highly recommend. Great individual!

Great lunch time specials around the city?

Any one have recommendations for a personal computer? Would like to keep it under $1k. I may be going back to school next year so would primarily use it for schoolwork and general browsing and streaming. No gaming or design or anything like that. Thanks all!

My friend is having 5+ years of db development/admin experience and is currently looking for a job in Kolkata (currently working for EY India government sector project where wlb is a joke).
Can any of you please help with a referral ?

Can anyone here give a referral?

Hi all 8.7 YOE now, Joined wipro 4 months back with 26.5+1lac JB. Skills business analytics. My current project does not follow agile processes at all, very relaxed client. However what im worried is after 2 years would interviewers expect me to have handled a project all alone and acted as a product owner. Thats what i sense once i have 10 YOE, if i switch it would be 6th company, (2 years break due to MBA ofcourse)

Should I do the IPG employee stock plan? Anyone else do this? Don’t even know if it’s a good stock or not

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...

Anyone hiring experienced consultants for a company that has great benefits, WLB, and diverse office culture? Willing to learn any tech needed and can help bridge networks with strong interpersonal skills.

Experienced in Strategic Communications and Learning Development with with a focus on simplifying complex ideas for targeted audiences.

Currently a CSA in PWM at a top wealth management bank (think UBS/MS/GS) but not loving private client work. What have other CSAs gone on to do that’s outside of the PWM realm?

Currently in a project finance and looking to breaking into tech/fintech. Any advice on how to pivot?

Hey all - looking for help finding new men’s clothing for casual wear (all seasons). What’re your go-to brands?

Trying to expand my style & look at new brands - currently shopping at Zara, H&M, Bonobos, Banana Republic

Thanks for the help!

How can I invest in real estate ? Looking for an additional passive income source

Can I get a commercial loan without 25% down?

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. 

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?

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

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

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

Hey everyone, curious about pros/cons and profitability of renting out a unit long term vs AirBnB. Let’s say it’s a condo downtown in a big city, how do you figure out what’s the better option?

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

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

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 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?

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

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?

If u have a house under my name if i move it to an llc what happens? Do i refinance to prevent a due on sale clause?

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

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

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 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)

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