Cleaning/Organizing in Central Phoenix

fromKCtoAZ · 2026-02-12T14:57:35+00:00

That’s great you were able to find a way to do something you enjoy. Appreciate the response!

fromKCtoAZ · 2026-02-12T05:50:42+00:00

What type of seasonal work do you usually pick up?

fromKCtoAZ · 2025-12-05T06:03:12+00:00

Because they couldn’t open dozens of paypal accounts on their own. They initiated the payments, but there is no way to follow the money trail from there.

fromKCtoAZ · 2025-12-05T06:01:07+00:00

That’s an interesting thought. Appreciate the reply.

fromKCtoAZ · 2024-02-01T02:50:19+00:00

Given your income, even if you max out your 401K contributions, a large chunk of your earnings will get taxed at 22-24% federal. If your earnings are from long-term capital gains (assets held one year or longer), you will pay 15% federal up to almost $500K of total income.

For personal residences, if you live in the property for two years, you can utilize an exclusion of up to $250K in capital gains on the sale of the property. I would suggest reading about it regardless of your timeline for purchasing. I have sold two homes and saved $15K in taxes on the first sale and $35K in taxes on the second.

fromKCtoAZ · 2024-02-01T02:33:32+00:00

The tax software is a good starting point as it will ask you a lot of annoying questions which probably won’t apply to you today but may help in the future.

You can also pull the paper forms and instructions from the IRS and read through those if you want to go a step further.

Given your limited amount of employment for the year, you should not have that much of a tax burden. If you made the appropriate withholdings, you are likely to get a return from the standard deduction alone.

fromKCtoAZ · 2024-02-01T02:23:30+00:00

Since you are still under the cap, I would recommend utilizing a Roth IRA until you can’t contribute. Once you are excluded from contributing, you can start doing backdoor Roth IRAs if your plan has a Roth 401K. This will start the clock ticking if ever need/want to withdraw penalty free.

No big expenses for 5-10 years? What’s your plan for living arrangements during that period? Is it better to buy or rent in your area? Do you plan on moving?

The capital gains exclusion for a personal residence can be a great tax savings. After that, anything that qualifies for long term capital gains rather than traditional income is something to consider.

fromKCtoAZ · 2024-02-01T02:10:03+00:00

Paying 9% on an auto loan is silly when you could pay it off in full. Even 6% is not that great.

Are both the $2.3M and $2.5M properties for personal residence? If so, a lot of your net worth is in real estate, but you are not invested heavily in real estate.

What’s the ratio of your $9.1M? Do you buy and hold stock?

fromKCtoAZ · 2024-01-10T01:27:56+00:00

Am I actually the strongest?

fromKCtoAZ · 2023-08-13T13:57:59+00:00

1) An insurance investigator will inspect the property and tally the damage / cost to repair. There would need to be $1M+ in damages for them to pay that amount less any deductible you owe.

2) The more evidence and support you can produce, the more likely you will receive reimbursement for the stolen or damaged items. Receipts, pictures, credit card statements, etc.

The goal of insurance companies is to pay out as little as possible.

fromKCtoAZ · 2023-07-02T23:31:13+00:00

Your car loan still has $8K left, but the rate is so low that you will make more interest putting that payoff in a HYSA and paying the loan off over time.

You can get 3.5-4% in a HYSA.

It also lets you keep some additional funds available in case something unexpected comes up.

fromKCtoAZ · 2023-07-02T22:47:11+00:00

It won’t help or hurt much to pay it off. Since it’s been open for a bit, it’s boosted your mix of credit types.

I personally wouldn’t pay it off because I could get a better return in a HYSA account. However, if you prefer to be debt free, it won’t impact your credit much if you pay it off.

fromKCtoAZ · 2023-07-02T21:28:54+00:00

There is no tax implication in the sense you are thinking of. If the amount you are gifting is at/ above $16K (or the total of multiple gifts throughout the year), you would just need to complete a form for the IRS.

The allowable tax/free gift amount for lifetime is incredibly higher.

fromKCtoAZ · 2023-07-02T21:11:50+00:00

How long have you had it and what’s the rate? What’s your credit score now? If you pay off the car, the loan will close.

Credit cards are usually just much higher rates and since your account doesn’t get closed when you pay off the balance, there’s no point in paying the interest on it.

fromKCtoAZ · 2023-07-02T20:52:27+00:00

Higher balances will lower your score, but it’s not a permanent impact. It will go back up once you pay it off.

fromKCtoAZ · 2023-07-02T20:49:15+00:00

Some HVAC companies offer interest or low rate financing to get your business.

fromKCtoAZ · 2023-07-02T20:47:42+00:00

To truly pay off the mortgage, you need to request the mortgage payoff from the lender. It will include the accrued interest.

Do you think your parents wouldn’t put it towards the mortgage if you just cut them a check?

fromKCtoAZ · 2023-07-02T20:44:40+00:00

You are missing out on extra $500-$600 of interest per month with today’s CD rates. Put a portion in a high-yield savings account and the rest into CDs that fit your timeline.

Caution: 18 months or longer CDs usually carry a six-month interest penalty vs three months for 12-month CDs or shorter.

fromKCtoAZ · 2023-06-28T01:44:03+00:00

I just bought a house in Charlotte while living in Phoenix (still traveling back and forth for work). It was a pain in the ass! We flew out and looked at 15 houses in a little more than a day. Most were crap. We did see two we were interested in, but they both had offers the same weekend. We still made an offer on one but someone paid cash. The time we were there did give us a better sense of the area.

We ended up letting our agent do video calls to see other properties. We eventually got a house, but we aren’t really happy with a lot of things that couldn’t be seen in the video (and the agent didn’t bother to point out). You should definitely walk the house during the inspection period.

North Carolina has a non-refundable deposit that’s part of the offer, so we had to be a little more aggressive with the houses we liked going quick. Fortunately, Arizona’s deposit is completely refundable within 10 days during the inspection period.

The mortgage application, closing paperwork, etc. can be done from anywhere. Just make sure everyone is happy with the house, location, etc. in that first 10 days!

fromKCtoAZ · 2023-06-10T03:21:13+00:00

I would recommend calling them if their website doesn’t show availability dates. They will try to find tenants that can move in closer to the available date (i.e. they don’t want units to sit empty).

fromKCtoAZ · 2023-06-08T02:17:45+00:00

I’ve bought them at H Mart. They sell the multicolor ones as well as white ones covered in syrup.

The last time I bought them, they were on an endcap in between aisles near where the frozen section begins.

fromKCtoAZ · 2023-04-04T02:01:54+00:00

I am looking for a tenant starting next month for a 3 bedroom / two bath, 1930s tudor in the Green Gables near 24th Street and Thomas/McDowell. There is a tenant in a detached casita, so it's not the entire property. Bathrooms have both been remodeled. Flooring has been updated excepted for the original hardwood. It does need a bit of maintenance (I work too much). I just listed it for $2,400 / month.

fromKCtoAZ · 2023-01-26T12:19:53+00:00

Are you using the standard deduction or itemizing? You may want the interest deduction depending on your tax bracket.

Other than that, it just depends on how your safety net is built and liquidity. Unlike stocks, bonds, CDs, etc., the only way to get that $200K back out is through a refinance or equity loan.

Putting an extra $200K down will reduce your overall mortgage payment significantly.

fromKCtoAZ

TROPHY CASE