As you own it outright, yes, it's common to use that to get a HELOC to have enough cash to buy a new home, and then sell your current home. It can be complicated to accurately time everything to line up perfectly so you're under contract and the buyer of your home is closing while you yourself are closing on your new home.

The only risk would be that you need to keep your DTI in check, as you'll be evaluated for your ability to pay your new mortgage with the monthly payment due on the HELOC, regardless if you'll immediately pay it off with the proceeds of the home sale.

Yes those two statements are conflicting, but the second wasn't said by the recruiter. So I'm going off their statement, which I take to mean OP would just need to move up and start going to the office within 60 days of starting.

Huh? No, OP did not say that: >Recruiter said new hires must be able to relocate within 60 days of start date

Honestly just talk to them if/when you do receive an offer about relocation options, possibly see if you can sublease your current apartment, etc. Also work as much as you can on whatever is dragging your credit down so much.

But the other side of the coin is that poverty and poor credit can be a self defeating cycle, and many people cannot just up and move even for the opportunity of a lifetime in a situation like yours.

Well first, get the job lol. Don't start all of this planning in your mind until it's secured.

Secondly, if you have to relocate within 60 days, surely they would pay you the relocation sum within the first few paychecks, allowing you to move.

Just leave. They're not forcing you to buy a car.

It’s cold as fuck this morning, probably had something to do with it lol.

I also ASP and have learned the habits of the blocks I typically park on. I park near a precinct because 9 times out of 10 they never come by, and only seem to do it at month end. I couldn’t make it out this week because of work, no tickets.

He is going to have a very hard time and should temper his expectations. Look at police seizure auctions or similar or government surplus sales, as they will be high mileage but you can get them cheap sometimes. Financing may be his only option but he's going to get ruined on the interest rate.

Where is all his money going! Making nearly $90K a year and can't save anything over a few grand?

It's very hard to find reliable vehicles for 10K but not impossible. He is probably going to need to look into other jobs or borrowing from family if his credit is bad.

There is no more claiming allowances, you and your husband are using an outdated W4.

Use the IRS calculator to figure out what extra withholding you may need to add.

Not much to be torn about really, the majority of these people are working for or connected to the city in some way because they know if they're stopped or ticketed they'll get out of it. We all have to play by the rules but they get to just do what they want? Fuck them. I think a lot of these people are doing it for the speed cameras too, so double fuck them.

Nope, you got fucked. Don’t buy shit on FB marketplace it’s littered with scams.

Yes correct. You should expect to withhold at least about ~14% of your earnings from the contract job and pay that quarterly to the IRS.

You got bad advice then, if you're paid via W2 (aka, you receive a paystub which shows money withheld for federal/state taxes/social security/etc.) then your employer was wrong. You being hired hour to hour has nothing to do with it, all that matters is what you filled out initially and the way in which you're paid.

No, all of that if you're paid via W2 (you fill out a W4 to receive a W2) is not deductible. Your work should be reimbursing you for that, all of these work-related deductions went away with the 2019 tax law changes and the increase in the standard deduction.

Capital One is extremely forgiving and will nearly always let you back in. You're thinking of issuers like Chase/Amex/Citi, and even then there are ways back.

That's not a salary job, if you're filling out a W-9 you're being paid gross with no taxes taken out and you're a contractor.

You should file your quarterly taxes for the current quarter (Q4)

>Ive also kept a detialed list, more detailed than any previous reporting year of all of my work-related expenses (clothing and gloves for the first job. Gas and mileage for one of my current jobs).

If those are related to W2 work none of those are deductible expenses.

You can use mint to just log transactions you don't have to link any banks. Could also setup quickbooks to work like this as well. That sounds endlessly time consuming but you do you.

Do you guys live in a no fault state? Did he cause the accident?

Most "rules" suggest you should expect to spend 1-4% of the home's value a year in upkeep costs. So on a 200K house, that would be $2K a year. That doesn't mean you shouldn't have a larger reserve, especially for a fixer upper. Large repairs like a boiler, HVAC, roof, foundation, etc. can set you back thousands or tens of thousands.

So that's about $400 to insurance, an additional $200 to property taxes. Not necessarily absurd but you can still either speak to the servicer or request to make payments yourself.

Most people lack empathy and think about nobody other than themselves.

You’re thinking of ibonds, and you’re already too late. They still will be a good save avenue for investment but they will be going to around ~6.4% as of tomorrow.

Look into treasury ibonds to find out more.

I also personally have a bit of a cushion, as my job has this “medical reimbursement account” similar to an FSA except it can only be used on doctor office deductibles and you accrue money in it from incentives. I have enough in there to cover my in network OOP max but even without that I’d accept I just had an unlucky year!

It’s all about risk tolerance with stuff like this, personally it wouldn’t be worth the extra money for me. I’m similar to you and in a decade have never really come close to hitting any OOP max.