What are all the steps I need to take to put my rental property in a LLC in CA?

Hi, I have 2 offers below,

1. 50lakhs per year in Bangalore
2. €105k in Netherlands

Considering the economic crisis due to war, inflation etc. I am confused on which one to select. Please guide me.

So after you max your investment accounts (401K, IRÁ, emergency savings. etc) what do you do next?

A little context: 24M, started in the pandemic, moved back home and paid off my student loans.

Do I move out? Can I start spending on myself? Am I missing anything from a saving perspective?

Apologies in advance if this comes off entitled/arrogant, really just looking for some advice and wanted to give as clear a picture as possible.

Anyone got the salary credited.

How much tax you paid... please also mention deduction u have used.

Let's make a list....will be usefull for all Amazonians

Laaa laaaaaaa lala wait till i get my money right (just accepted a PE offer woo)

Just got an offer to upgrade my Amex Gold to Platinum with a 100k point bonus (spend $6k in 6 months). Is this worth it to upgrade to platinum? Would you do it

Need to get precheck/global entry. Should i get a credit card that covers this and cancel in a year, or should i pay it myself?

My portfolio has been stagnant for a week now. Last few times this has happened, market has tanked. Anyone else feeling we’re at an event horizon soon?

Just checked all the assets and realized we're close to 1M€ net worth. Most of it is on the house, don't feel rich at all.

Hi fellow fish need some advice.

I'm planning a wedding and wondering if I should apply for new credit cards to maximize on points. If so, wondering what your recommendations are and or if there are new cards out there I haven't heard of yet. For context I probably have another 20k+ in expenses to pay still and my current cards are:

CSP
Marriott Bonvoy Boundless
Citi double cash
Random card (used to be uber)

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

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. Also, any regrets?

Anyone start later in life? About to turn 32 and my retirement savings are sad.

Hi All,

I live with my mom (Property owner) in delhi and pay 16.5k pm as house rent for HRA deduction.

Now, she need some lumsum amount of 5 lakhs and I would like to pay this but also show this as house rent while filing ITR.

2 MAIN QUESTIONS -

1. Can I pay 5 lakh and show as house rent in HRA while filing ITR?
2. Total yearly rent is 16.5 × 12 = 198k. Can I show remaining amount i.e. 302k as Rent for next year?

Thanks in advance.

Damn coinbase, I see you ;)

Hi Fishes,

I have previously worked for Reliance Jio, couldn't withdraw my PF money. How can I get that now ?

Fellow EY Fishes - is anyone here have the investments in other countries (specially India). I got the independence email telling me I need to get rid of my mutual fund investments and I am not ready to do so. What are the options that I would have .. any guidance is appreciated. TIA

Why do there seem to be so many comparison threads of achieving XX salary/net worth by age Y?, especially amongst younger people? Is this the fallout of social media and do you think it’s a generation-wide thing, or just contained to folks in “preftigious” circles?

How much should I contribute to a 401k?

Long shot....but anyone here ever went to Israel and use the credits to apply for the CPA exam? If it got transferred over to my regular college transcript, do I still need to send in both?

Have you ever taken a trip to Israel? If so, what tour company or guide did you go with? Considering a trip later this year or next year

How do you guys keep garlic fresh? Best practices please. Preferably one that doesn’t let the garlic sprout too fast.

Have you ever actually let loose on a customer? I think about it almost on a daily basis but I’ve managed to keep my cool so far

Any idea if someone had take covesheild vaccine in India . Can they take boaster Moderna shot here

How are you all feeling about going into the holiday season while being remote? Missing the company holiday parties, or happy to be able to do your own thing?

Interested in pivoting to Venture Capital from Fintech Sales. Anyone willing to offer advice and insight?

Any administrators looking to move facilities or jobs? My company is hiring administrators, if you live in NJ or even close to and want to know more please dm me.

Serious question… if I am interested in becoming a CTO/CDO one day, what should I do for the next 5-8 years to prepare for this? Are there specific roles in tech that prepares you for a CTO role? I am currently in sales engineering with over a decade in consulting experience.

Soooo we just got bought by Accenture. Anyone want to get this project off the ground?? Like, soon???

Has anyone been to the Zoolights at the Zoo? I have never been, I'm relatively new to the area. Is this a good event for a casual walk around date night?

What are some tools you use to track progress (IEP goals) for high school students? How often do you track?

Dell vs SAP labs which is better in terms of work?

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

Any Property Management recs in Seattle area? :(

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

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

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

Went into a multi family property 50/50 with a relative against my gut. Things are going horrible. Need to get out. Best options? Buy him out? He invested maybe 4-5K in time (demolition work) and 2K in cash. I’ve managed the whole thing for 9 months. 10% of gross rents (as a management fee) would be about the same (6-7K)). Bought at low in market just after COVID hit. I want to keep the building. Seems fair to give him his initial investment back + some additional money for market gains. Help!

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?

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

How do you judge a low ball offer with how the market is changing? Earlier this year, you would look at comps and say this is the value. Now with rates going up and people pulling out, how do you justify the value? (View point from the buyers end)

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

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

NJ market - Cousin of mine who has >500 rental properties advised that over next 3 yrs it’s possible for me to get 3 multi-fams if I buy 1 every year for next 3 years, by doing FHA on the first so 3.5% down and then doing less than 10% down on the next 2 if I do it right. Everywhere I read not seeing how that’s possible. can anyone explain pls? Is there a hack that after getting the 1st owner-occupied prop, I don’t have to put more than 10% down on 2nd home, and on 3rd??

Any potential flags/benefits for dual agency? My agent and the seller's agent work for the same company.

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

What is the term for giving your home buyers a credit for immediate renovations they will have to do before or upon moving in? And how does it affect the seller?

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. 

For those w investment property, how many of you self manage vs using property manager? This is my first condo, relative new build from 2018 and a family friend jus moved out. I would have self managed but am scared about squatting/evictions esp w Covid and the rent memorandums. Thinking of jus getting the property manager as I am new to this... Advice appreciated.

Best way to start wholesaling real estate?