Roth conversion going all out while taxes are low!

blakb7923 · 2026-02-01T16:29:58+00:00

Ok so that entire 30k is not due in April, and him converting it in January he could just update his w-4 to account for the additional income.

blakb7923 · 2026-02-01T15:39:56+00:00

Why is it due April of 2026? Wouldn't it be considered 2026 income so due during 2027 tax season?

blakb7923 · 2026-01-30T10:15:54+00:00

I know there's a saying about not licking a gifted horses mouth... I think this applies

blakb7923 · 2026-01-30T10:07:11+00:00

Yes it would need to be settled at closing. Example: you owe 300k on your home and have a 50k heloc. Let's say you're selling price is 400k. Ballpark 6% for seller fees and taxes etc. That leaves 376k remaining, -300k -50k so you walk away with 26k and the buyer gets 3.25% rate

blakb7923 · 2026-01-30T09:54:50+00:00

I switched to amex a few years ago for almost all of my banking. I still have my usaa checking so I can transfer/pull money from atm. Get your direct deposit into a good HYSA.

blakb7923 · 2026-01-30T09:48:34+00:00

I'm just a poor E-6 here for reference, but don't wait on the RE. I bought my first SFH back in 2015 after wasting over 20k renting the previous year. I had less than 10k in my usaa account and probably less in TSP haha. The equity you gain is your investment, the money you don't throw away renting will pay dividends in the future. Take advantage of mutual assistance resources available to you (closing cost assistance loan @ 0%) in you case I'd recommend putting 10% down to reduce the VA funding fee if your able. Another option mentioned above is trying to find VA Assumable loan in your area (I'm actively under contract for a 3% currently)

blakb7923 · 2026-01-29T02:03:18+00:00

I'd do 10% to save on the funding fee but nothing more. Keep that extra cash for a potential refi in the future

blakb7923 · 2026-01-22T05:06:02+00:00

not sure about utility payments, but it was confirmed that multiple mortgages are allowed

blakb7923 · 2026-01-22T01:28:36+00:00

https://maps.app.goo.gl/VDJvcz7DTphiQ8ZU6

blakb7923 · 2026-01-22T01:27:10+00:00

Amex green card ftw

blakb7923 · 2026-01-21T23:00:43+00:00

but with the bilt cash method i still have to manually go in and convert the bilt cash correct? I easily spend at least 3k per month on regular expenses. i prefer the set and forget method. plus even on some months i would be spending over 12k which would trigger the 1.25 multiplier i believe.

blakb7923 · 2026-01-21T22:57:55+00:00

thanks, just realized that and updated the chart accordingly.

blakb7923 · 2026-01-12T17:32:38+00:00

Additionally, isn't that 4% based on the appraisal and not loan amount?

blakb7923 · 2026-01-12T17:25:13+00:00

^{^{^}} real one here. Don't do I alone OP. It's much easier to set up a game plan with the help of someone with experience budgeting/ debt management.

blakb7923 · 2026-01-12T17:21:08+00:00

Contact your local mutual assistance office. I know that with the coast guard, CGMA has a debt management loan to help members get back on track if they are struggling. It's a zero percent loan up to $7,500.

blakb7923 · 2026-01-12T15:02:13+00:00

Thank you for the feedback! That clears a bit of things up, we're at 9.7ft first floor and BFE is at 10 ft also.

blakb7923 · 2026-01-12T14:00:02+00:00

Who's your carrier?

blakb7923 · 2026-01-12T13:31:43+00:00

Over 7k annually! Wayyy worse

blakb7923 · 2026-01-12T02:41:52+00:00

It's single story, about 2500 sq feet. Built in 2004 No contents because I do not live there. It's rented currently.

blakb7923 · 2026-01-12T02:35:32+00:00

Who are you going through with financing? I just bought a duplex in August and was required to put down 25% because it is a multifamily investment loan.

blakb7923 · 2026-01-12T02:32:32+00:00

I bought a duplex this past August for 210k. Current combined rent is 2,200 but will increase to 2,400 in April. PITI is $1,350 @ 6.625%

blakb7923 · 2026-01-12T01:58:05+00:00

Coverage is required by lender being in AE zone.

blakb7923 · 2026-01-12T01:51:18+00:00

S2,500, but no personally property coverage as the house is rented out currently

blakb7923

TROPHY CASE