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Re: Affording a 1.3 million home?

Hi, The homes that we are liking with all the features/location are now in 1.3-1.4million range :( IMHO you can definitely afford it - you already have saved a very large % of the house value. Bay Area vs San Diego is a personal lifestyle choice. Here is a strategy for your consideration: Instead o...
by SDBoggled
Sun Aug 10, 2014 1:36 am
 
Forum: Personal Finance (Not Investing)
Topic: Affording a 1.3 million home?
Replies: 105
Views: 10967

Re: Buy a house with cash and then do cash-out refinance?

IMHO the main advantage to a cash offer is that you can also reduce the closing time: e.g. 10 day closing, which makes a v. competitive offer, no contingencies. You can then do a refi after 4 (BofA) or 6 month (2011 Wells Fargo) seasoning period if you only want the purchase price valuation and I do...
by SDBoggled
Sun Aug 10, 2014 12:44 am
 
Forum: Personal Finance (Not Investing)
Topic: Buy a house with cash and then do cash-out refinance?
Replies: 18
Views: 2267

Re: Landlording for long-term wealth? Who's doing it?

For those who are satisfied, I would like to see what they think their returns are, and if they are using good methodology and considering depreciation and etc. Hi Denovo, 4 properties bought at about 1 per year since 2009 - a conservative 70% total return most of this in appreciation. Of course I ...
by SDBoggled
Wed Jul 30, 2014 8:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Landlording for long-term wealth? Who's doing it?
Replies: 68
Views: 7273

Re: Australian - buying international shares fund?

Hi,

Just a warning to watch unhedged international funds when/if the Australian dollar is low. In the early 2000s the AUD was at 0.52 and by the end of the decade it was over 1.00.

IMHO this would completely swamp any benefit of owning unhedged international funds.
by SDBoggled
Wed Jul 30, 2014 11:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Australian - buying international shares fund?
Replies: 6
Views: 307

Re: Buying property - frank responses requested

Hi, With the minimum amount of information provided I would suggest that you investigate covering the children through college and maybe a bit longer for wife with term life insurance. I think the annual charge for term life can very cheap compared to e.g <<< 1 months rent in San Diego. Presumably w...
by SDBoggled
Mon Jul 28, 2014 12:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Buying property - frank responses requested
Replies: 30
Views: 3499

Re: Anyone here flip houses?

I will give a third? recommendation to Biggerpockets - they have flip cost estimating calculators and many, many experienced flippers. I think they recommend buying (inc fixing costs) at 70% of your after repair valuation (ARV) to give yourself enough margin of safety. I think this is very hard to d...
by SDBoggled
Mon Jul 14, 2014 3:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Anyone here flip houses?
Replies: 40
Views: 4682

Re: Engineer career change

Hi, Depends upon your interests... I subscribe to the view that if you love what you do - it doesn't feel like work. If you have an MBA, marketing is a pretty easy transition as you can make the move gradually from outside in Product Marketing with lots of technical content; to less and less technic...
by SDBoggled
Sat Jul 12, 2014 3:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Engineer career change
Replies: 55
Views: 5611

Re: Rent Out House or Sell House?

Hi, Yes a good problem to have. A couple of questions for your consideration... but sorry no answers: (0) Will you need the cash or borrowing capacity for anything else in the short term? (1) What is your expected appreciation going forward. In some markets it would be wise to ignore any possibility...
by SDBoggled
Wed Jul 09, 2014 5:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Rent Out House or Sell House?
Replies: 9
Views: 1349

Re: Which house should we buy?

If all other things are equal (personal priorities), I will throw in some other considerations: Which is going to be the best long term investment? This may be the one in the better school district? It may be the one in the better neighborhood - higher priced neighbors? Which one will have the highe...
by SDBoggled
Mon Jul 07, 2014 7:38 pm
 
Forum: Personal Finance (Not Investing)
Topic: Which house should we buy?
Replies: 11
Views: 1272

Re: Adult child @ home

Hi, IMHO this is a fundamental values issue.... very difficult to change after so many years for your wife/daughter. I started in earnest with my daughter's budget in 6th grade with pretty continuous reminders... she still finds being responsible for all her own costs after college pretty difficult....
by SDBoggled
Fri Jul 04, 2014 1:49 pm
 
Forum: Personal Consumer Issues
Topic: Adult child @ home
Replies: 23
Views: 2162

Re: investing/personal finance as competitive sport

As others have mentioned, I definitely think of it like a game, where I most definitely keep score but it all about the Personal Best. Others are definitely going to have a better return... all they have to do is take more risk!
by SDBoggled
Wed Jul 02, 2014 11:27 am
 
Forum: Personal Finance (Not Investing)
Topic: investing/personal finance as competitive sport
Replies: 17
Views: 1427

Re: Rental property in asset allocation

I am using rent to pay down mortgages (reduce risk) not buy stocks. . Why would you think this would reduce risk? Sorry I probably misspoke - my idea is that by reducing leverage, I reduce the need for cash out, which allows me to e.g. easily lower rents and maintain vacancy (cash in) during econom...
by SDBoggled
Wed Jul 02, 2014 11:16 am
 
Forum: Investing - Help with Personal Investments
Topic: Rental property in asset allocation
Replies: 24
Views: 1156

Re: Rental property in asset allocation

Hi, I don't think of my single family rentals strictly as an allocation like e.g. small cap due to following differences that I see: - huge rebalancing increments - 6% rebalancing costs - I am more mindful of cashflow % (stock dividend proxy) compared to appreciation (capital gain proxy) due to the ...
by SDBoggled
Wed Jul 02, 2014 11:05 am
 
Forum: Investing - Help with Personal Investments
Topic: Rental property in asset allocation
Replies: 24
Views: 1156

Re: What Do You Eat For Snacks?

Quest Bars. Flavors differ in calorie count but I like chocolate peanut butter 160 cal 17g fiber, 2g sugar, 20g protein. I find these far more satisfying than any other 160 cal snack (fiber?) and I prefer then to other bars as they seem less sweet. My other regular snack is Kettle brand potato chips...
by SDBoggled
Mon Jun 16, 2014 10:05 pm
 
Forum: Personal Consumer Issues
Topic: What Do You Eat For Snacks?
Replies: 103
Views: 6456

Re: Establishing new state residency before CA home sale

Hi,

I think that, once you exceed the principal residence exemption, I believe you can 1031 the balance into a rental property... but it is on my To Do List to understand the details, so I may be wrong.
by SDBoggled
Wed Jun 04, 2014 5:45 pm
 
Forum: Personal Finance (Not Investing)
Topic: Establishing new state residency before CA home sale
Replies: 9
Views: 681

Re: BoA - Paying extra on mortgage principal

Hi,

The way we did it was to adjust the automatic payment. I guess this means you would have to adjust it in 10 months time to set it back.
by SDBoggled
Tue Jun 03, 2014 11:16 am
 
Forum: Personal Finance (Not Investing)
Topic: BoA - Paying extra on mortgage principal
Replies: 26
Views: 2587

Re: My First BH Post - Real Estate Investing Question

Hi, Would you mind explaining how the Land Sale contract avoids Capital Gains - my Googling failed. I think it is good to separate the specific deal analysis from the financing - what is the return if you paid cash. (leverage and cash on cash return can be looked at separately) My calcs agree with S...
by SDBoggled
Tue May 27, 2014 12:24 am
 
Forum: Investing - Help with Personal Investments
Topic: My First BH Post - Real Estate Investing Question
Replies: 12
Views: 1073

Re: When did you tell your children how much you had amassed

I don't know enough to give you advice... but here is what I did: If my kids (from mid teens) could be bothered they would know as much as I do about our net worth, as I shared the tracking file. I see no relationship between our net worth... and their wealth. They can earn, save and can spend what ...
by SDBoggled
Sun May 18, 2014 11:35 am
 
Forum: Investing - Help with Personal Investments
Topic: When did you tell your children how much you had amassed
Replies: 135
Views: 11028

Re: Best way to sell daughter our rental property

Hi, Sorry I don't have answers to these questions, but I would also be concerned with how the gift might affect child support (if any) and how it might be protected through another marriage possibly with other children. At a minimum I would ensure that she have a will and be extra careful if it is a...
by SDBoggled
Fri May 16, 2014 12:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Best way to sell daughter our rental property
Replies: 20
Views: 1939

Re: UCLA vs USC Decision [Which college to attend]

Hi, I would highly recommend you go to UCLA and ensure you cover all accounting requirements to be a CPA as well as anything else that interests you...(and put tuition difference into index funds) ... BTW I paid for a USC education (kid) and while happy with the value (after aid), IMHO I strongly do...
by SDBoggled
Fri May 16, 2014 2:38 am
 
Forum: Personal Finance (Not Investing)
Topic: UCLA vs USC Decision [Which college to attend]
Replies: 62
Views: 3698

Re: heirs and bequest motivation

So far and for quite a few more years, $ flow will be into college fees and living expenses for 3 kids. Only one child has recently become independent, so I haven't been faced with any significant gifting decisions yet. I know I definitely want to see a full commitment to LBYM: with means defined by...
by SDBoggled
Sat May 10, 2014 11:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: heirs and bequest motivation
Replies: 52
Views: 3824

Re: How to find Estate Planning Attorney

Yelp worked for me. Even though I am DIY, IMHO probate avoidance in CA is sufficiently large $ incentive to warrant a trust and I was happy to pay someone to ensure I had not missed anything. I thought I had covered everything in the initial email (we are about as simple as you can get with having k...
by SDBoggled
Tue May 06, 2014 6:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: How to find Estate Planning Attorney
Replies: 6
Views: 1113

Re: True cost of owning a house

Hi, I did not study your analysis as others have done a pretty good job - just wanted to support your conclusions. Costs of buying/selling are so large for buying that it tends to swamp returns for what I consider short holding periods. Like 100% stocks, I would generally expect a buy (vs rent) deci...
by SDBoggled
Wed Apr 30, 2014 3:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: True cost of owning a house
Replies: 47
Views: 3523

Re: Most reliable way to double a portfolio in 12 years

This is not the answer the OP was looking for, but I honestly think that the least risky (for the right person :happy ) would be an investment property with the required rent return above operational costs excluding financing (conservatively estimated at 50% of rent) and insurance. BTW I would not r...
by SDBoggled
Tue Apr 29, 2014 9:02 pm
 
Forum: Investing - Theory, News & General
Topic: Most reliable way to double a portfolio in 12 years
Replies: 55
Views: 14843

Re: Paranoia or just hard to adjust? [High Price of Real Est

From your other posts, it sounds like you and your lady would really like living in the new place. I think the above helps put the price tag in perspective. Feel free to act disgruntled about it during the negotiation process though :) LOL Sounds like you are getting extra value for an extra $100k....
by SDBoggled
Tue Apr 22, 2014 1:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paranoia or just hard to adjust? [High Price of Real Estate]
Replies: 19
Views: 2408

Re: Real Estate Investing

Hi, I like real estate as a significant portion of my investment portfolio - mainly due to diversification. Just like there is a wide range in stock investments - IMHO there is a similarly wide range in real estate investment e.g. Multi-family homes in questionable areas, single family homes, beach ...
by SDBoggled
Tue Apr 22, 2014 12:43 pm
 
Forum: Investing - Theory, News & General
Topic: Real Estate Investing
Replies: 11
Views: 1118

Re: Forced job responsibility putting me in a panic

It is a cliche, but I think fear is good... means you are out of your comfort zone and learning something. I deliberately seek a bit of fear every now and then :happy You will likely get more expert advice, but I think the key to decent public speaking is just practice/role play/lots of practice bef...
by SDBoggled
Mon Apr 21, 2014 11:20 pm
 
Forum: Personal Finance (Not Investing)
Topic: Forced job responsibility putting me in a panic
Replies: 32
Views: 2745

Re: Resort Property as Primary Residence

Sounds like you have a good realtor :happy They want to make sure you are getting value from your purchase... and it very much sounds like a very enjoyable lifestyle decision. That doesn't mean it is wrong, just that you want to be very well informed to ensure you understand the value for $. Perhaps...
by SDBoggled
Fri Apr 18, 2014 12:33 pm
 
Forum: Personal Finance (Not Investing)
Topic: Resort Property as Primary Residence
Replies: 16
Views: 1559

Re: *poor* Bogleheads

I am young and work in a grocery store. I don't make much less than my parents and I've certainly never been financially wealthy. This forum has helped me immensely . I am 23 and have about $50,000 in tax advantaged retirement accounts. I am now going to college part-time while working. My point is...
by SDBoggled
Fri Apr 18, 2014 12:08 pm
 
Forum: Forum Issues and Administration
Topic: *poor* Bogleheads
Replies: 78
Views: 13143

Re: Paying off Mortgage, re-title to revocable trust or not

Hi, Perhaps related to this question: I believe that community property held with rights of survivorship gets 100% stepped up basis upon the death of the first spouse/partner, but I don't yet understand how putting the property in a trust might affect this. If you have are likely to have a capital g...
by SDBoggled
Wed Apr 09, 2014 4:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Paying off Mortgage, re-title to revocable trust or not
Replies: 6
Views: 1084

Re: B&M Bank: BoA or Wells Fargo?

Hi, I have had fairly extensive dealings with both. IMHO WF is the most progressive and dynamic of the big banks (Warren Buffet invests) but on a personal note, my interactions have been dominated by the individual mortgage officer. The difference for me is huge: proactively contact me to refinance ...
by SDBoggled
Tue Apr 08, 2014 8:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: B&M Bank: BoA or Wells Fargo?
Replies: 25
Views: 1667

Re: To MBA or not MBA?

Hi, I think this kind of decision (like not doing an MBA) might be penny wise and pound foolish, but only time and life decisions will really tell. In your situation I would go for Kelley as the difference in cost is << 1 year of your savings and I think $30k is a small price to pay in terms of poss...
by SDBoggled
Tue Apr 08, 2014 2:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: To MBA or not MBA?
Replies: 57
Views: 5014

Re: Any Bogleheads here into real estate investing?(renting

Hi, I like single family homes and this kind of rental real estate forms a significant percentage of my assets. As others have said it can be very good or very bad and anywhere in between. I like the analogy of buying a single stock - IMHO the answer to your question all depends upon your stock/hous...
by SDBoggled
Thu Apr 03, 2014 1:09 pm
 
Forum: Investing - Theory, News & General
Topic: Any Bogleheads here into real estate investing?(renting out)
Replies: 69
Views: 6309

Re: To buy or not to buy a new house?

Hi, I won't attempt to comment on buying new house and school district - I think that comes down to a very careful assessment of available public schools, private school options and family priorities. IMHO we could have chosen a neighboring, less expensive school district (didn't know this at the ti...
by SDBoggled
Mon Mar 31, 2014 9:17 pm
 
Forum: Personal Finance (Not Investing)
Topic: To buy or not to buy a new house?
Replies: 15
Views: 2405

Re: Redrawn flood zone map puts portion of property in FZ

Surveyor and elevation measurement was well worth the $300? dollars to me... resulted in ~80% ongoing reduction in flood premium.
by SDBoggled
Sun Mar 30, 2014 5:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Redrawn flood zone map puts portion of property in FZ
Replies: 24
Views: 3998

Re: Frugal Fatigue

I have a very mixed frugality profile so definitely would not win any frugality competitions! However, I do focus on getting lots of value and would be in the higher percentiles for specialty awards in this area. IMHO, one of the keys is to splurge on low $ cost items. For example, it is much easier...
by SDBoggled
Sat Mar 29, 2014 1:48 pm
 
Forum: Personal Consumer Issues
Topic: Frugal Fatigue
Replies: 96
Views: 11103

Re: Do you have hardwood or tile in your kitchen?

We have pre-finished engineered hardwood, more than 5 years with 3 kids - no sign of kitchen wear. I was concerned about putting hardwood into the kitchen, but we have an open kitchen which flows into the family room - so we risked the hardwood. It shows no signs of wear different to other areas (do...
by SDBoggled
Sat Mar 29, 2014 1:39 pm
 
Forum: Personal Consumer Issues
Topic: Do you have hardwood or tile in your kitchen?
Replies: 57
Views: 3472

Re: Buying first home in SF - gut check

Hi, IMHO if you can afford to pay cash... then you can afford it, and the rest is just a choice based upon your priorities :-) Just wondered if you had thought of raising kids and school districts in this house. I know you expect kids, but really thinking about all that is involved in raising them m...
by SDBoggled
Wed Mar 26, 2014 9:18 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying first home in SF - gut check
Replies: 93
Views: 9973

Re: Any experience pricing yourself out of a neighborhood?

A quick couple of thoughts for you to think about which might make you more comfortable adding significantly to your current house. Have you checked the strength of your school district - this is one of the drivers for property values and may become a much higher priority for you. What is the direct...
by SDBoggled
Sun Mar 23, 2014 11:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Any experience pricing yourself out of a neighborhood?
Replies: 15
Views: 2697

Re: Friend possibly victim of real estate dual agency

Hi, A couple of points (I don't have enough info to make any sort of judgement, e.g. need to read all the docs that were signed): In CA the buyer and seller have to sign a form that states whether there is a dual agency... your seller may have signed such a form? In CA in the standard offer you have...
by SDBoggled
Thu Mar 20, 2014 11:03 pm
 
Forum: Personal Finance (Not Investing)
Topic: Friend possibly victim of real estate dual agency
Replies: 27
Views: 2733

Re: Critique these long-term real-estate investments

In principal I don't have any issue with the strategy (I didn't check your maths). Main issue will be finding the rental return with good tenants. Also a warning that the general rule of thumb is that 40-50% of rents should be allocated to cover all expenses (excluding financing)... so you might wan...
by SDBoggled
Mon Mar 17, 2014 1:30 am
 
Forum: Investing - Theory, News & General
Topic: Critique these long-term real-estate investments
Replies: 15
Views: 1045

Re: Do you love your job? What do you do?

Another engineer, I very much enjoy the flow of learning/building/creating with a team and prefer small companies with lots of job variety. My objective is to love my job and to be happy to work some time at night/weekends like a hobby. I know I only like the job if I have to struggle to make myself...
by SDBoggled
Mon Mar 17, 2014 1:17 am
 
Forum: Personal Finance (Not Investing)
Topic: Do you love your job? What do you do?
Replies: 134
Views: 11127

Re: How many Bogleheads are Wishy Washy?

Although, I am definitely not a pure Boglehead, I wouldn't describe me as Wishy Washy but more like a good, low cost, indexing, slice and dicing "kid" who has a few foibles, that will hopefully disappear with more maturity and continued influence from "parent"/Boglehead.org teach...
by SDBoggled
Sun Mar 16, 2014 12:02 am
 
Forum: Investing - Theory, News & General
Topic: How many Bogleheads are Wishy Washy?
Replies: 44
Views: 4589

Re: Do I need bond funds if I have real estate?

Hi, I have no understanding of risk in commercial real estate, but have a bit higher % of net worth in single family home and I expect their rents to provide the bulk (hopefully all) of retirement income. Unless there is a catastrophic event, I figure I can cut my expenditure to ensure it is less th...
by SDBoggled
Sat Mar 15, 2014 7:51 pm
 
Forum: Investing - Help with Personal Investments
Topic: Do I need bond funds if I have real estate?
Replies: 14
Views: 985

Re: 26 Year Old--REIT Taxable Income Thoughts?

IMHO The best investment might be to get a job before you quit???

Although I like REIT and have a sizable chunk... loss of capital in the short term is a very big risk. I think 2013 they were down ~10%, and last time I looked they were still off 6-7% from May 2013 peak... this would swamp any income.
by SDBoggled
Tue Mar 11, 2014 7:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: 26 Year Old--REIT Taxable Income Thoughts?
Replies: 3
Views: 378

Re: William Bernstein-When you've won the game, why keep pla

- .... " A lot of people had won the game before the crisis happened: They had pretty much saved enough for retirement, and they were continuing to take risk by investing in equities. Afterward, many of them sold either at or near the bottom and never bought back into it. And those people have...
by SDBoggled
Mon Mar 10, 2014 9:49 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 264
Views: 33142

Re: William Bernstein-When you've won the game, why keep pla

... I am 57 and plan to retire at 60 and had an AA of 50/50, but am thinking of going to 30 Stocks/70 Bonds, to play safe, and at the same time just enough to keep up with inflation. My situation won't be of much help, as I am planning on using rental real estate to form the basis of retirement inc...
by SDBoggled
Mon Mar 10, 2014 9:10 pm
 
Forum: Investing - Theory, News & General
Topic: William Bernstein-When you've won the game, why keep playing
Replies: 264
Views: 33142

Re: How did you get through the market crash in 08-09

I think I'd have to go for the missing option (4) Totally oblivious - better to be lucky than ??? I knew enough not to sell and didn't have any cash to invest: This was years before I found Bogleheads or had any money for taxable... so in 2009, 401k was on automatic to front-end load into REIT :happ...
by SDBoggled
Sun Mar 09, 2014 9:03 pm
 
Forum: Investing - Theory, News & General
Topic: How did you get through the market crash in 08-09
Replies: 104
Views: 5901

Re: Another rental property question

Yes... definitely should feel comfortable with % of real estate in your asset allocation. If you can cope with leverage, lack of liquidity, high selling costs, possible vacancies, possible requirements for input of occasional $ (IMHO you shouldn't buy if this is going to be significant?) then I like...
by SDBoggled
Tue Mar 04, 2014 11:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Another rental property question
Replies: 9
Views: 840

Re: The Price of Outperformance

Did you look at Dodge and Cox - every single fund? https://www.dodgeandcox.com/performance.asp I am happy owner of DODGX and DODFX but I'm just saying... that looking back from around 1/2010 - outperformance was not so easy to pick from historical 1,3,5, etc returns. I remember doing exercise, but ...
by SDBoggled
Sun Mar 02, 2014 9:15 pm
 
Forum: Investing - Theory, News & General
Topic: The Price of Outperformance
Replies: 35
Views: 3580
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