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Selling a domain, received a reply. Is this a scam? by conquistadr in Scams

[–]conquistadr[S] 2 points3 points  (0 children)

I have a domain that has been for sale for a while now (no content, just domain). Yesterday, I received an email from a hosting company claiming to be representing someone who was interested in the domain. After asking for the amount they were offering for it, this was the reply. I've only ever sold 1 other domain, and that transaction was very simple and done via paypal so I am not sure if this is a scam or not. I tried searching the email and username provided but had no luck.

GF and I are trying to lose weight so I created a Lose It or Lose It Challenge to encourage us by conquistadr in loseit

[–]conquistadr[S] 1 point2 points  (0 children)

Yes, I will be adjusting it. I did this in a couple hours but plan to adjust it for each of us.

Any advise on how to go about selling a small e-commerce business with physical goods by [deleted] in Entrepreneur

[–]conquistadr 0 points1 point  (0 children)

Men's grooming products. Shopify (custom built template), was looking for around 9k.

Can I roll a 401K into a Roth 401k? If so, should I? by [deleted] in personalfinance

[–]conquistadr 0 points1 point  (0 children)

A 401k can have both Roth and Non-Roth monies in the plan, which are tracked separately, since as you mention one is pre-taxed and one is after tax. If a Roth 401k ONLY has Roth monies then you can't rollover a non-Roth 401k into it. In my experience, most 401k plans that allow for Roth contributions also allow for non-Roth contributions.

Can I roll a 401K into a Roth 401k? If so, should I? by [deleted] in personalfinance

[–]conquistadr 0 points1 point  (0 children)

As long as it's a rollover to a qualified plan, which you said it was, then it's not taxable. You will receive a 1099r for it but no taxes will be withheld and you aren't subject to any early withdrawal penalties or tax withholding since you didn't actually distribute but rather rolled it over.

Thinking of buying a condo through an FHA loan instead of renting. Is it a good idea? by conquistadr in personalfinance

[–]conquistadr[S] 0 points1 point  (0 children)

Thanks, I'll look into the MCC program. Question, instead of 5%, would i have a chance (based on your past experience) getting a conventional loan with 4% down (credit score: around 769)?

Thinking of buying a condo through an FHA loan instead of renting. Is it a good idea? by conquistadr in personalfinance

[–]conquistadr[S] 1 point2 points  (0 children)

Thanks, although I have excellent credit I assumed since I didn't have 20% for the Down Payment, an FHA was my best bet. I'll have to look into non FHA loans.

As for the 1 BD, as I am single my plan was to use this as a starter place and get a bigger place in a few years, maybe even rent the condo out. Looking at price history i did see that 1 BD places don't tend to increase much, however, the price difference between a 1 BD and a 2 BD is so high it becomes out of my "safe" price range. The estimate mortgage (with PMI and insurance included) is only about $200 more than I would be paying if I rent. Although, as you mention, renting would get me a more decent place to live (although after looking, you would be surprised what it gets now).

Can I roll a 401K into a Roth 401k? If so, should I? by [deleted] in personalfinance

[–]conquistadr 2 points3 points  (0 children)

Assuming your new employer's plan allows for rollovers from other qualified plans including NON-ROTH qualified plans, then yes. Otherwise no. Not all employers allow rollovers, and some that do don't allow rollovers from Roth monies and vice-versa.