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52

Inquire with the landlord about switching to a month-to-month lease, meaning you wouldn't have to renew for an entire year. It's been a while since I was a renter but I recall most apartment leases I've had in my life being for a one-year term for the first year, then month to month after that. You say you're a good tenant and he's a reasonable landlord, he ...


37

There are often taxes (by whatever name) that scale with the property price. Agents’ fees are also often a percentage of the property price. These costs are usually a small but noticeable percentage of the total price. Aside from this, you’re mainly looking at the difference between what you get and what you pay. If you are buying and selling properties at ...


29

The biggest stumbling blocks to these types of questions are when people want a refund, or in the cases where they haven't paid in advance they want to avoid being responsible for the last few months rent payments. As a former landlord there can still be things to consider. If the unit will be empty until the end of the lease: Don't let your renters ...


24

Since you don't mention anything about getting a refund or anything similar I don't see what could be an issue with the scenario presented. There is nothing to prohibit you from having 2 apartments (or any amount of property for that case) rented at the same time. As mentioned in the comments depending on how your contract is worded you may be required to ...


14

There should be no difference in Federal taxes. You will have to file a federal W-4 with a new employer. You will want to do everything you can to make it clear to New York that you have moved. Register the cars, get drivers licenses, and register to vote in Maryland. Close all the bank accounts in New York, and open accounts in MD. A big mistake that ...


12

After a 6% commission to sell, you have $80K in equity. 20% down on a $400K house. 5% down will likely cost you PMI, and I don't know that you'll ever see a 3.14% rate. The realtor may very well have knowledge of the cost to finish a basement, but I don't ask my doctor for tax advice, and I'd not ask a realtor for construction advice. My basement flooring ...


12

Confer with the landlord I am surprised at the amount of work this contract wants done. I'd question if it's even legal given the high costs. I suspect it's only there to remind abusive tenants of responsibilities they already have in law for extraordinary abuse beyond ordinary wear-and-tear: they are already on the hook to repaint if they trash the paint ...


12

You care if you’re trading up or down, which is very common. The amount that you have to pay to trade up, or receive when trading down, shrinks and grows with the average house price. You also care about the effect on the ease of buying and selling. Generally speaking, in a booming market it is easy to sell but hard to buy, while in a declining market it’s ...


12

Read your lease. It may already have a provision that it switches to month to month automatically after the lease term expires. I've had a few leases like that in the (distant) past. If that's the case, then you don't really have to do anything.


10

In most countries, you are deemed to dispose of all your assets at the fair value at that time, at the moment you are considered no longer a resident. ie: on the day your friend leaves Brazil, Brazil will likely consider him to have sold his BTC for $1M. The Brazilian government will then likely want him to calculate how much it cost him to mine/buy it, so ...


9

Do you want to split expenses of the new apartment, or split your income/assets equally too (as for instance with a marriage where no sort of "yours, mine, and ours" are split out)? I'm going to assume you have beliefs similar to me in my answer, in that you desire to split expenses of the new place but don't suddenly want to split all of your assets and ...


9

The answer depends on your spending habits and priorities and many other factors. However, just on the basis of the numbers you give, the simple answer would be no. The difference in cost of living between Madison and San Francisco is almost certainly more than the roughly 25% increase in your salary. This is assuming you actually mean San Francisco and ...


9

I'm not a lawyer, and I live in the US, not Canada, so I don't know anything about Canadian law. However, from a commonsense perspective, I would be reluctant to purchase real estate with someone I wasn't married to, unless I had a written contract, properly executed by an experienced lawyer, which detailed the arrangement. Of course, I might have done ...


9

Bottom Line Up front: Yes you should be able to claim at least some of your moving expenses on IRS form 3903. In general if they pay you exactly for all your allowable expenses, and if you meet the other IRS tests, the money is tax free because it exactly balances with your expenses. That type of plan would be called an accountable plan in IRS Pub 521: ...


8

The first thing you need to do is to set yourself a budget. Total all your money coming in (from jobs, allowances, etc.) and all your money going out (including rent, utilities, loan repayments, food, other essential and the luxuries). If your money coming in is more than your money going out, then you are onto a positive start. If on the other hand your ...


8

Auto insurance prices vary heavily between regions/states of the US, as the laws and regulations not only differ but so do the rate of claims and losses, nature of competition in each market, etc. The only way to define a good rate or a bad rate is to get competing quotes from other companies. With the internet this has become much easier and less time ...


7

I am quite sure you can set up an office in your basement for a lot less than $15,000. Don't build any walls, install any flooring, or upgrade the ceiling. Just install more lights and plugs. Set up your desks, bookshelves and what not in whatever corner is furthest from noises like the laundry room or the furnace. The kids and the nanny get the main floor - ...


7

You both earn $65,000, $5417/mo. A well written mortgage would allow 28% to cover the mortgage, property tax and insurance. From $1517, let's assume $1100, just to get an idea of what size mortgage you can afford. At 4%, on a 30 year amortization, $1100 supports $230K. You say you are getting $250K from the parents and only need a $150K mortgage. That's a $...


7

Your current assets are small compared to what you can expect to earn in a lifetime and compared to what you will need for retirement. Fortunately, you are young and have decades more to save. Many people are in something like your situation of starting out, say with a graduate degree, in their late 20s or early 30s, but with no savings at all and perhaps ...


6

Split the money 50/50. Split the costs 50/50. Prioritize your relationship over a couple of dollars here and there.


6

Start using budgeting software like Mint.com, you can setup goals there, for example if you expect your rent or mortgage to be $1000/month, setup a goal of saving $1k/month, start paying your groceries bills now. you'll see if you are ready or not. Sounds like you already do a great job saving up and you are very diligent counting the money.


6

Houses don't all appreciate at the same rate. You'd care a LOT if, for example, the house you're selling appreciated 30% in the time you've lived there, but the house you're buying has appreciated 60% and happened to by 3x as expensive when you bought the first house. £100,000 x 1.30 = £130,000 £300,000 x 1.30 = £390,000 £300,000 x 1.60 = £480,000 What ...


5

If you leave without having met all the obligations in the contract they could sue you for the money. The size of the company may mean that they are experienced in collecting their debts. The insurance they made you pay for, may pay them back if they meet all the requirements in the policy. That means that you will have to read the terms of the policy to ...


5

The incredible plethora of successful day trading stories across the web are like condoms that come in three sizes: Small, Medium and Liars. Most of these blogs are trying to sell you the dream that if you use some combination of indicators that you will easily print money from day trading. In reality, something like 90% of day traders fail within ...


5

I'm doing this right now. (My lease ends in a couple of months, but I have already gotten a new place.) I usually overlap by a couple of weeks, just because I don't like rushing to move. So yes, I can verify firsthand that it is possible. You'll be paying a little under twice as much in living expenses during that time, but if that's not a financial problem,...


5

I was in a similar situation a couple of years ago, I was working abroad and didn't know when I would have to leave the country. My landlord made me sign a one-year lease and agreed that I could transfer the lease to a new tenant for the remainder of the lease. This is called a sublease. His only condition was that the new tenant would be approved by the ...


4

To be able to claim moving expenses in Canada, your new home must be at least 40 km closer to the new place of work than your old home. CRA spells out the criteria and includes a nice quiz here: Can you claim moving expenses? They don't specifically state that the order matters, so I take it to mean that the CRA just needs to consider that the move was ...


4

International bank like Citibank or Chase: deposit your funds while still in Brazil deposit might take time to be available/clear: cash should be immediate, checks may take 1-4 days, depending on amount they will be available in the states. you can have friends or family deposit more funds for you in Brazil if needed, and they will show up in the US in a ...


4

The key term you're looking for is "purchasing power parity", which considers the local prices of goods and services when making comparisons between countries. For example, you can look up the GDP by PPP per capita to get a sense of much people on average incomes can buy in each country. Of course, average incomes may not be too relevant to your own ...


4

A landlord or any creditor can still put negative information in your credit report without your social security number - it just takes a bit more sleuthing on their part. If you want perfect credit, either 1. don't break your lease; 2. break it with the written permission of the landlord (by paying some compensation, for example); or 3. break it with ...


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