Wife and I want to start investing in properties in the next couple years but worried about being able to have a large enough down payment to get into the game. What’s the minimum you would advise someone to put down on their first property? We’re in Texas btw. High prop taxes ~2.5%. Looking for properties around 200k. It also worries me that the money would just sit there for a couple years not benefiting me while we try to accumulate enough.

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The minimum the bank will allow which will be like 20% for true investment property. You can store it in an index fund for the time being..

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Not that much money.... all things considered. Index fund until ready to push the trigger

helpful

You can also try to partner with others. Look up Bigger Pockets Podcast & their website - lots of great material to listen to while you grow it. They also have networking groups

helpful

Texas is tricky to be cash flow positive st 20% down on a 15 year, depending on the city.

I’ve seen Leander and round rock areas have a harder time cash flowing. Keep that in mind if you choose to rent it out in future. But that’s also a good way to start - keep your homes as you move. For us at least , every home we gain 100k + in appreciation. We are closer to city

Sounds like you’re saving some between debt down payments and saving for primary. Keep going.

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How much rent amount should I pay to get maximum tax deduction?

29yo single, TC of 200k and got my first new car for 84k which I plan to use for at least 10 years or basically till it breaks down. Other monthly expenses are 1.5-2k . Did I spend too much on the car?

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What does everyone think of the current Austin housing market? Looks like prices are finally starting to come down a good bit (not that that means much in terms of monthly payments bc of interest rates). Do we think we’ll see a steady decline going into 2023? Looking to buy sometime in the near future.

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Hi Fishes,

I am new to this tax declaration and all. My previous salary is 3.5LPA that time my lead itself taken care of my IT declaration. Now i got 8 LPA offer here i only have to declare IT. Since I don't have any idea about this. I request you to help me in this. What are the things I can put in IT declaration and also provide some ideas about tax savings.

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Thoughts on utility stocks right now? Considering selling my utilities ETF

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Anyone use JPMC for banking? How do you like it? Thinking about taking advantage of their $500 signup bonus for checking and savings.

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Hi Folks

Can someone please help me to calculate the monthly in hand salary according to this pay structure?
I have a home loan of 22 Lakhs.

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If your parents from another country want to gift you money (>$1MM), is it better to receive it when you’re in non US citizen status or when you’re in US citizen status? Or does it not matter from a tax perspective?

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Why is corporation tax (19%) less than individual income tax (20% - 45%)?

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Can I ask at what age people are typically buying their homes here in LA? Wondering at what age people are able to take the plunge.

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How much do you pay to get your taxes done or do you just do it yourself. My accountant charged $135 😕

likehelpful

For those with Roth IRAs, what broker are you using?

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We just sold our condo last week and have an influx of $200k in the bank (renting now). How should we best invest it? Looking for inspiration on growth, we have no debt, all set on retirement funds etc., decent sized equity portfolio and no big expenses lined up. Here are the few options I was considering - what would u pick? 1. Dip into rental properties in a high-growth market 2. Keep DCAing into the equity market or 3. Mixture of both + angel investment plays

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Any good recs for someone to file taxes?

Hi guys, can someone help me to understand the tax deduction from the below details
Joined IBM recently with 26.5L fixed
April salary -
In hand - 2,54,439 including 1,00,000 joining bonus
Pf - 9275
Prof tax - 200
I tax - 43793

May salary -
In hand - 1,50,673
Pf - 9275
Prof tax - 200
I Tax - 43843
Ins premium - 3716
I had declared 1,50,000 under 80C
Still I think tax deduction is more
Can someone help me how much tax should get deducted. I feel tax deduction is more.
It should be 33000 I feel

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Hi Fishes,
I will be joining KPMG global services and first time coming under tax slab.
Can anyone please share monthly payslip as I wanted to plan my rent according to HRA?
Also please share the Annual basic so that I can calculate my HRA accordingly.
Attaching my compensation plan.
Pleaaaaassssse helppppppppp.

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I am 29F and earning 13LPA. I have been working for 4 years of which 3.5 years I had very low pay and close to 0 savings. I have been able to save 6L now.

My investments below:
* Elss funds - 2 (total 1.5L annually)
* Large cap mutual funds - 6 (total 40K sip per month) current portfolio of 4L
* FDs - 2 of 25K each
*Medical insurance - company provided

Can someone advice if this is a good investment plan for future? What can I do better? Do I need another Insurance? Where else to invest?

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Paid off my account debt!

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Can I open a vanguard IRA account if I’m with EY?

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Base: 5 lakh
HRA: 2 lakh
Max how much I can exempt with HRA while filing ITR?
I live in my own house. I can pay to my parents in the name of rent.
What are the documents I need to produce?

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Hello Fishes,

One query,

Does TCS perform BGC for our previous organization also before joining or sometimes after joining also?

My Home address verification was done a month ago. However no one reached me for any kind of details regarding my previous employment.
I had uploaded the previous employment documents on Ibegin portal, I was going through the posts and came to know they as for other details also like PF passbook , Bank statement etc.

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Planning to buy laptop on this sale period , please suggest good laptop in budget around 70k

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Hi Fishes,

In my offer i see this line " We may require you to travel to other locations including in India and internationally." ,however in my earlier post I came to know that there are no travel opportunities in Telstra .Does it mean in the future I can negotiate with my manager for the travel?

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Mindtree vs Cognizant vs Morningstar vs
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Yoe - 7
Package offered same
Plz suggest

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I am looking for Data Engineer roles in Big Data/ AWS in Delhi/NCR and currently have an offer of 21LPA at YOE=6.5.

How much can I expect at my level considering below details:
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Exp in ETL(Datastage/Talend): 6 Years
Total Exp: 6.5 Years
CCTC: 16.5 LPA

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Anyone from Rio Tinto or know someone. Is it good to join at 32 LPA with 9 years of experience for DevOps profile.

I am relocating to another country in 10 days - and selling the following furniture items. I bought everything (new) over the course of last 2 years. Everything is in excellent condition and very well maintained - used by just 1 person, with no stains/scratches or dings. Please DM is anyone is interested - I can share pics/FB marketplace links. I'm in the Heights area in Houston (77009)

1. 96" reversible sectional couch with cushions.
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3. Lounge chair with a match

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F fishes, which one do you prefer Ariat or Lucchese?

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Anyone has any insight on Deloitte Consulting -Analyst (Business Technology Solutions).
I am interested in applying to this position and wanted to know more what the position entails Deloitte @

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Thoughts on the Professional Certified Marketer (PCM) certification? Hoping to add some more certifications on my CV for director of strategy roles. Thank you!

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Taking AUD tomorrow. Probably haven’t studied enough. Here it goes.

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Hey everyone, I'm looking at a new knife as an Xmas gift to myself, looking to spend $200+ on a really great quality knife. My last one was a Global 10" chef's knife (G16) I gifted away, but now looking at a Global Sai 9 3/4" (Sai06), anyone got thoughts / opinions?

Hi Fishes,
Anyone knows how is ESO business Unit in RBEI?

Hi

Is it good to join
Accenture CN as IT strategy role?

Are layoffs done under CN vertical recently? I wanted to ask basically over job security.

YoE 7 years
Offered CTC 26.5

Accenture

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Recs for 1 BDR/1 Bath apartment complexes in Center City? Looking for newish buildings with good amenities. No pets. Budget is ~$1800-$2000 a month. Thanks!

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Has anyone transitioned from an accounting position to a business analyst position? Just curious what it was like. Thanks in advance!

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QBs: jimmy G and Cam. Do I pick up Daniel Jones hah

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What are some of the best non-medicated birthing techniques you’ve used? What materials did you use to learn them? Is it possible to learn just via reading or classes absolutely necessary?

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Does anyone have any regrets about NOT going to business school?

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Tcs Or bosch which is better for 9 years experience to join

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Additional Posts in The Real Estate Bowl

Do Plumbers generally charge a fee just to come look at the problem and provide an estimate? I called a couple of plumbers and they are asking for a 50$ or 75$ fee just to be at the door and give an estimate, the fee will be adjusted if I give them the job.

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What should you do if you see an error in the appraisal report (ordered by the lender)? Should you tell them about it, or just assume they have done their due diligence? It wouldn't impact the results

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1.35M house with a 300K down payment .. worth buying?
TC: 350K

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Thoughts on the Houston / Katy RE market? Do I exit out of my rental property before the oil and gas industry goes down? If I do, the money will be rerouted to the SoCal / OC market at a lower cap rate but potentially higher cap gain with much more volatility.

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Just starting to look for a home for my parents who have never owned. This will be my second property and I live out of state. Any red flags I should know about remotely buying a house (and in NJ)? Also, at first blush a lot of the real estate agents seem to be doing real estate as a side hustle and/or are very young. I feel like I need someone a bit more dedicated or professional, any advice on finding someone like that?

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Seeking advice / recommendations:
Hello everyone, I'm trying to get into real estate investing. Some of the books I've read have talked about buying multi-unit properties and utilizing investors to get the necessary capital. Does anyone have experience in getting investors? How do you identify investors who may be interested? Are there any sites where you can invest in or post real estate investment opportunities?
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Im interested in purchasing a rental property. I have the money saved up, but not sure where to start.

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Under contract for a 2,700 sqft home in LA. I think the price is OK: it’s not rock bottom and definitely not overpriced either as similar sized homes in the area have sold for MUCH more. The price is decent because it needs a bit of work on the interior, and I’m perfectly fine getting that done. OK time to buy now? Ideally I won’t have to sell this one to buy another home anyway, so in theory the hold period can be indefinite. What do you think about the impending foreclosures due to COVID?

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What to do in such scenario? A first time home buyer bought a condo at the market peak with low interest rate but now it's a different story with the rate hikes. we almost pay 50% of our income for home expenses. It's getting really tight with education and car loan and other expenses. What's the best thing to do other than reducing the other expenses. The home value is now almost 50-90k less. Is selling the condo an option ?

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Has anyone taken this MIT course for Data Science in Real Estate? Any feedback?

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Thankful for good lenders out there. Just closed on a refi that we started on October 9. My lender hung in there abs even relocked me to get me more closing help. 👍

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Has anyone had luck getting out of a break clause in the lease agreement due to COVID? I had to move out and break my lease but it's like two months rent 🤯

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