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Re: Is investing in real estate worth it?

So a few questions: 1) Is it worth it? 2) How'd you get started? 3) Any good books you recommend? In theory, I think I' could do it and it would work out fine. But in practice, I think I might get rattled/stressed when I experience my first major issue. From your comments I am guessing that you mea...
by WhyNotUs
Wed Oct 22, 2014 5:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Is investing in real estate worth it?
Replies: 22
Views: 1581

Re: First time home buyer - realtor?

Should I have one at all and why? Should I seek a rebate realtor since the legwork of finding a place is done and they just need to help with the offer/negotiating? Should I just go the traditional route and hire a full commission realtor? If you are buying a property listed with a realtor, then ge...
by WhyNotUs
Tue Oct 21, 2014 12:06 am
 
Forum: Personal Consumer Issues
Topic: First time home buyer - realtor?
Replies: 4
Views: 422

Re: Sell bonds to buy real estate?

I general I would stick with my AA unless the taxes involved made that a deal killer. If so, then I would look into selling lots of holdings according to purchase price to look for tax loss harvesting, long term capital gains, etc. If I had to be off AA for a bit in order to avoid unnecessary taxati...
by WhyNotUs
Mon Oct 20, 2014 11:48 pm
 
Forum: Investing - Help with Personal Investments
Topic: Sell bonds to buy real estate?
Replies: 10
Views: 907

Re: Need to replace AM FM receiver to accomodate DVD player

since you had good luck with Onkyo before, why not buy a Onkyo AV receiver? You can buy one with 7 channels and still only use two. That way if you change your mind, you can add surround later. techbargains.com will sometimes have links to refurbs and last years models at really attractive prices. G...
by WhyNotUs
Mon Oct 20, 2014 11:34 pm
 
Forum: Personal Consumer Issues
Topic: Need to replace AM FM receiver to accomodate DVD player & TV
Replies: 3
Views: 284

Re: Buying a house without a realtor

See if your local library has or can get "Home Buying Kit for Dummies" by Eric Tyson. Not that you are a dummie but rather than this is your first home and your post suggests that a little homework on the process will help you be a better buyer.
by WhyNotUs
Mon Oct 20, 2014 10:47 am
 
Forum: Personal Consumer Issues
Topic: Buying a house without a realtor
Replies: 43
Views: 2767

Re: Attorney Hourly Rates?

Hourly will vary wildly by area and experience. More importantly, did you achieve good representation? On certain types of issues, a land use attorney can save many hours by already being familiar with the land use code, Comp Plan, and hearing processes. A cheaper (hourly) lawyer who does not work a...
by WhyNotUs
Sun Oct 19, 2014 8:31 am
 
Forum: Personal Finance (Not Investing)
Topic: Attorney Hourly Rates?
Replies: 41
Views: 2996

Re: multi-family investment plans

Finding money will be really hard for you. Any chance to partner with an experienced mfh developer on your project to create a start of a track record? The bank is going to want credit and significant skin in the game, you are probably looking at private money for loan with a refi upon occupancy.
by WhyNotUs
Sat Oct 18, 2014 10:40 am
 
Forum: Personal Finance (Not Investing)
Topic: multi-family investment plans
Replies: 6
Views: 596

Re: multi-family investment plans

Since you should have some skills at putting together the vertical construction costs and critical path, I would focus on asking/learning about other considerations. I would start with asking if there is high demand, high rent, and low building costs then why aren't people building more apartments? ...
by WhyNotUs
Fri Oct 17, 2014 10:36 pm
 
Forum: Personal Finance (Not Investing)
Topic: multi-family investment plans
Replies: 6
Views: 596

Re: New House Built on a Wrong Lot

Anyone can sue anyone. The various insurance agencies involved and the owner of the lot the home was built on will most likely seek a settlement. The lot the house was built on was worth more money that the intended lot so someone will have to come up with some cash if the goal is a lot exchange. I ...
by WhyNotUs
Fri Oct 17, 2014 1:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: New House Built on a Wrong Lot
Replies: 9
Views: 1724

Re: Retired, my viewpoint has changed again.

Churchill is quoted as saying "we shape our buildings; thereafter they shape us" I think the same is true for money. We invented the dollar bill and then it started to shape our lives. Being conscious of our relationship to money is hard work and can lead us into our fears and hurts. Part ...
by WhyNotUs
Thu Oct 16, 2014 11:04 am
 
Forum: Personal Finance (Not Investing)
Topic: Retired, my viewpoint has changed again.
Replies: 22
Views: 3136

Re: How to wrap my head around downsizing my home?

I would be talking to two realtors, one in my area to sell my house and the second in the City. I would ask my realtor for an as-is, fast sale assessment of price for my house with comparables to support their recommendation. Sell it and move on. Sounds like a great house with good energy that someo...
by WhyNotUs
Wed Oct 15, 2014 10:35 pm
 
Forum: Personal Consumer Issues
Topic: How to wrap my head around downsizing my home?
Replies: 47
Views: 3542

Re: Owning property jointly with family member

I had a real estate investment partnership with a business partner in an investment property once and it was important to both of us that we not have a melt down that impacted our professional lives. We agreed to a process that was to: 1.) Create an outline of a Term Sheet- what issues we each thoug...
by WhyNotUs
Wed Oct 15, 2014 6:55 pm
 
Forum: Personal Finance (Not Investing)
Topic: Owning property jointly with family member
Replies: 15
Views: 1227

Re: What happened to the audiophile?

Now, though, it seems that people download music, and it is almost all MP3s. Granted, you can fit thousands of these on your iPod but the sound quality is really terrible. We would have sneered at these in my stereo store days. But this seems to be what music is now. Am I missing something? Where d...
by WhyNotUs
Wed Oct 15, 2014 12:19 am
 
Forum: Personal Consumer Issues
Topic: What happened to the audiophile?[High quality music sources]
Replies: 71
Views: 3684

Re: Travel To Cancun Area Christmas 2014

Without knowing what your family likes to do, hard to give much info but here are some general tips: Akumal has the type of accommodations you seek, nice beach, good snorkeling, enough restaurants to meet your desires. About 1.5 hours south of Cancun. There are resorts and homes/condos at Half Moon ...
by WhyNotUs
Tue Oct 14, 2014 10:19 am
 
Forum: Personal Consumer Issues
Topic: Travel To Cancun Area Christmas 2014
Replies: 3
Views: 443

Re: Shed into gym?

$2 a square foot and you are getting new roof and siding?
I would take that deal with or without a gym, are you sure that is the cost?.
by WhyNotUs
Mon Oct 13, 2014 12:46 pm
 
Forum: Personal Consumer Issues
Topic: Shed into gym?
Replies: 23
Views: 2019

Re: Sale of house-closing tomorrow, buyer is backing out

When you get your next deal, keep showing and working on backup offers. Things happen.
by WhyNotUs
Mon Oct 13, 2014 12:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Sale of house-closing tomorrow, buyer is backing out
Replies: 60
Views: 5062

Re: Best town I've never heard of [for relocating]

Hello fellow Bogleheads! * Within an hour of a "big" city, with 500K + population * 4 distinct seasons, bearable winter * excellent public school system * mid-low cost of living * Beautiful scenery Whatcha got? Louisville, CO. On lots of Top Ten lists: http://en.wikipedia.org/wiki/Louisvi...
by WhyNotUs
Sun Oct 12, 2014 7:02 pm
 
Forum: Personal Consumer Issues
Topic: Best town I've never heard of [for relocating]
Replies: 97
Views: 9640

Re: sell this rental property?

Hmm, this one would not look like a keeper to me. $2077 a month going out without accounting for capital replacement, vacancy, maintenance and $1550 coming in. I must admit to being more conservative than JimB and his formula of including potential appreciation and principal reduction in assessing r...
by WhyNotUs
Tue Oct 07, 2014 11:05 pm
 
Forum: Personal Finance (Not Investing)
Topic: sell this rental property?
Replies: 8
Views: 924

Re: Snow Blower

Two stage Toro 24" is on its 7th year. I use only ethanol-free gas and clean or change the plug each year. Only real maintenance is shear pins, buy plenty.
by WhyNotUs
Tue Oct 07, 2014 10:57 pm
 
Forum: Personal Consumer Issues
Topic: Snow Blower
Replies: 49
Views: 2610

Re: Splurge vacation recovery--Hawaii or?

Hawaii seems like a safe choice but not necessarily an all-inclusive. In Maui, you could stay in Kaanapali and walk to lots of restaurants. Mexico and Dominican Rep. are AI kings right now but that seems like an unnecessary threat to your system. My wife and I take annual adventures around the globe...
by WhyNotUs
Tue Oct 07, 2014 6:07 pm
 
Forum: Personal Consumer Issues
Topic: Splurge vacation recovery--Hawaii or?
Replies: 30
Views: 2645

Re: Moving, Scaling Back, or both?

I have lived in very attractive resort areas my entire adult life, actually since getting on an airplane two hours after my last college final. There are people who work themselves crazy in these places as well and rarely enjoy the benefits of their surroundings. There are also people who make consc...
by WhyNotUs
Tue Oct 07, 2014 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Moving, Scaling Back, or both?
Replies: 14
Views: 1271

Re: New hardwood floor

I would buy pre-finished wood flooring. Better seal, less fumes and dust, faster install.
Most is 3/4 so assuming that your subfloor is good would be ok with patio door.
by WhyNotUs
Sun Oct 05, 2014 6:00 pm
 
Forum: Personal Consumer Issues
Topic: New hardwood floor
Replies: 13
Views: 1502

Re: Does insulating attach'd unheated garage improve efficie

You might have a few questions there. Assuming you are asking whether it has any effect, the answer is yes. Having an uninsulated garage will even make some difference, assuming some delta between garage and outdoor temp. and windbreak benefits. A different question is whether that is the most effic...
by WhyNotUs
Thu Oct 02, 2014 3:01 pm
 
Forum: Personal Consumer Issues
Topic: Does insulating attach'd unheated garage improve efficiency
Replies: 20
Views: 1682

Re: Hard Money Lending, flipping houses 12% return Lets hear

I can't let the opportunity pass to point out the irony of the automatic assumptions about crooks in this field of rehabbing. You would think from the comments that we are all invested in a rational and level-playing field world. Hah! We are all investing our retirement (at least those of us in stoc...
by WhyNotUs
Tue Sep 30, 2014 6:22 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hard Money Lending, flipping houses 12% return Lets hear it
Replies: 56
Views: 3089

Re: Hard Money Lending, flipping houses 12% return Lets hear

Hard money lending is a legitimate business and has returns commensurate with the risk. The fact that someone needs hard money does not imply that they cannot do the work or have no track record (nor does it imply they do). Rehabbers and flippers are often people that are entrepreneurial, have bad c...
by WhyNotUs
Tue Sep 30, 2014 4:49 pm
 
Forum: Investing - Help with Personal Investments
Topic: Hard Money Lending, flipping houses 12% return Lets hear it
Replies: 56
Views: 3089

Re: Replacing Some, not all, Windows in House

In most places there is a window problem solver. If you call a local quality window dealer, ask them who is the "fixer" in your area and have them take a look before you do anything. Where I live the fixer charges by hour for consultation and has helped me find obscure parts, create a solu...
by WhyNotUs
Mon Sep 29, 2014 6:53 pm
 
Forum: Personal Consumer Issues
Topic: Replacing Some, not all, Windows in House
Replies: 15
Views: 1209

Re: Too many houses?

Seems like your challenge is that you want to reduce leverage but are trying to keep the property that makes the least sense (vacation home). Your home seems reasonable, House 2 has a good rental history, good mortgage rate, good L/V and positive cash flow, House 3 is a commercial rental with a very...
by WhyNotUs
Mon Sep 29, 2014 6:37 pm
 
Forum: Personal Finance (Not Investing)
Topic: Too many houses?
Replies: 23
Views: 3716

Re: Using Your House for Income in Retirement

Other ideas for generating income from your home for retirees: 1.) Room rentals- short or long term 2.) Accessory Dwelling Unit- convert garage or addition to create separate unit with full kitchen 3.) Whole home short term rentals- we live in a resort area and have friends who are retired who go on...
by WhyNotUs
Tue Sep 23, 2014 11:33 am
 
Forum: Personal Finance (Not Investing)
Topic: Using Your House for Income in Retirement
Replies: 19
Views: 1579

Re: Consulting fees: non working travel time

FWIW, my first time serving as an "expert" witness I learned something the hard way. Please consider googling yourself and ask your client's attorney to run a Lexis Nexus search and forward results. You need to see what the opposite side's attorney will see.
by WhyNotUs
Tue Sep 23, 2014 11:18 am
 
Forum: Personal Finance (Not Investing)
Topic: Consulting fees: non working travel time
Replies: 32
Views: 1991

Re: Consulting fees: non working travel time

50% is my standard
I have made exceptions in a few circumstances but almost always
by WhyNotUs
Mon Sep 22, 2014 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consulting fees: non working travel time
Replies: 32
Views: 1991

Re: Sunsetter Awning

Our Sunsetter motorized is now 8 years old and going strong. I use it occasionally fully extended but mostly partly extended for blocking sun on south side of house. Combined with high r-value in ceiling, it is like having a/c on warm summer days. It does fine partly extended in wind but when it is ...
by WhyNotUs
Mon Sep 22, 2014 8:56 am
 
Forum: Personal Consumer Issues
Topic: Sunsetter Awning
Replies: 11
Views: 1906

Re: Best cell phone plan for Verizon iPhone 5

PagePlus uses Verizon network. Lots of people on here like it.
by WhyNotUs
Sun Sep 21, 2014 1:02 pm
 
Forum: Personal Consumer Issues
Topic: Best cell phone plan for Verizon iPhone 5
Replies: 12
Views: 1283

Re: Australia and New Zealand

Australia is a little smaller than the US so you can imagine how much of the US one could see in 3-4 weeks. not too much. Right, so Australia is about the same size as the US, but most of it is essentially uninhabited, so if you neglect those parts except for Uluru, then it is about the size of a t...
by WhyNotUs
Fri Sep 19, 2014 9:24 pm
 
Forum: Personal Consumer Issues
Topic: Australia and New Zealand
Replies: 36
Views: 3098

Re: Any downside to this Photovoltaic deal?

PV is a no brainer in Hawaii as long as the grid can take you. The price of electricity, tax credits, and solar access are all +++ At the rate things are going, HI will be a leader in the US in solar and eventually in micro grid technology. All of the best and experimental renewables are available- ...
by WhyNotUs
Fri Sep 19, 2014 9:17 pm
 
Forum: Personal Consumer Issues
Topic: Any downside to this Photovoltaic deal?
Replies: 19
Views: 1107

Re: Australia and New Zealand

Australia is a little smaller than the US so you can imagine how much of the US one could see in 3-4 weeks. not too much You can either hunker down in one area and get to know it or spend the money to allow fast transit between parts of the country or AU and NZ. When the trip planning started, we wa...
by WhyNotUs
Thu Sep 18, 2014 10:44 am
 
Forum: Personal Consumer Issues
Topic: Australia and New Zealand
Replies: 36
Views: 3098

Re: What evidence would prove the Boglehead mentality wrong?

A scenario in which indexes became an overwhelming majority of the market and thus there was no stock price "punishment" for poorly performing companies.
by WhyNotUs
Tue Sep 16, 2014 1:39 pm
 
Forum: Investing - Theory, News & General
Topic: What evidence would prove the Boglehead mentality wrong?
Replies: 212
Views: 15293

Re: Air Purifier for Allergies

We bought a Winix 5300 HEPA system for dander control, it has made a difference. The HEPA filter lasted just about a year and the first stage filters get filled up quickly. It ends up being about $50 per year for consumables.
by WhyNotUs
Tue Sep 16, 2014 9:46 am
 
Forum: Personal Consumer Issues
Topic: Air Purifier for Allergies
Replies: 29
Views: 1961

Re: Tiny house movement.

Would you raise 3-4 kids in a small 500 square feet home? It is a dream of mine to be able to reduce expenses to almost nothing. I'm talking about buying an acre of land somewhere less than 30 minutes from a metroplex where all the jobs are at, with water and electricity already available for use. ...
by WhyNotUs
Mon Sep 15, 2014 9:56 am
 
Forum: Personal Consumer Issues
Topic: [can my family live in a] Tiny house
Replies: 60
Views: 4204

Re: Clean, quiet, safe and cheap. Is there such a travel pla

Loas, if you liked Thailand way back when you will like Laos.
by WhyNotUs
Sat Sep 13, 2014 11:47 pm
 
Forum: Personal Consumer Issues
Topic: Clean, quiet, safe and cheap. Is there such a travel place?
Replies: 75
Views: 5813

Re: Visit to SFO Area - Dining

"Deem sum" at Yank Sing is something I forgot to mention. They wheel around carts filled with Chinese delicacies you've no doubt never heard of. Yank Sing might be a little stuffy for the boy to be able to react when the basket with two chicken feet arrives. Would need to go to Chinatown ...
by WhyNotUs
Thu Sep 11, 2014 10:26 am
 
Forum: Personal Consumer Issues
Topic: Visit to SFO Area - Dining
Replies: 14
Views: 1073

Re: Remove Cigarette Smoke Smell from House?

+1 Ozone generator shock treatment. It works
by WhyNotUs
Tue Sep 09, 2014 5:16 pm
 
Forum: Personal Consumer Issues
Topic: Remove Cigarette Smoke Smell from House?
Replies: 20
Views: 1451

Re: How do you keep your electricity bill low?

Not sure if the OP is still around but So Cal Ed was an early adopter of energy audits and you can start by getting one. Not sure how they do it there, but here they start with reviewing your usage over several years, ask about appliances and fixtures and new demand such as your Volt. Sometimes you ...
by WhyNotUs
Sun Sep 07, 2014 8:06 pm
 
Forum: Personal Consumer Issues
Topic: How do you keep your electricity bill low?
Replies: 123
Views: 9398

Re: The Great Courses.com

I used a couple for refreshers on stats and probability when I realized I needed it. I was able to navigate to the information that I needed pretty easily and having the video was very useful. As someone else noted, these are professionally produced so sound and visuals are clear, not always the cas...
by WhyNotUs
Sun Sep 07, 2014 7:54 pm
 
Forum: Personal Consumer Issues
Topic: The Great Courses.com
Replies: 23
Views: 2287

Re: Drawing down a windfall...

Are you a serial entrepreneur or lottery winner? There are serial entrepreneurs who can envision/copy ideas, bring them to market, develop the market, and sell as soon as the market is emergent and move on to the next challenge with a big pocket of change. It can range from new products to multi-lev...
by WhyNotUs
Sun Sep 07, 2014 10:01 am
 
Forum: Investing - Help with Personal Investments
Topic: Drawing down a windfall...
Replies: 55
Views: 4243

Re: Think like a rich person

I have enough, I have family and friends, wife and I love each other. I am rich.
by WhyNotUs
Sat Sep 06, 2014 10:11 pm
 
Forum: Personal Finance (Not Investing)
Topic: [Helping someone] think like a rich person
Replies: 40
Views: 4208

Re: Consulting: Sole Prop vs Employees: 401k and other issue

IRS publication, some states will have supplemental rules. http://www.irs.gov/pub/irs-pdf/p15a.pdf Not an IRS expert and have never been audited, YMMV. I have had years when I only had one client and was independent contractor. However, I have 25 years of Schedule Cs and many, many clients. In gener...
by WhyNotUs
Sat Sep 06, 2014 10:09 pm
 
Forum: Personal Finance (Not Investing)
Topic: Consulting: Sole Prop vs Employees: 401k and other issues
Replies: 6
Views: 464

Re: Budget breakers

Insurance costs and medical costs are beyond one's control.
Do not seek perfection, rather saving, loving, and living.
Focus on ends- feeling of security, ability to share, aligning expenditures with values rather than means.
by WhyNotUs
Sat Sep 06, 2014 10:01 am
 
Forum: Personal Consumer Issues
Topic: Budget breakers
Replies: 37
Views: 2815

Re: Lawnmower/gas issues

I was having trouble with my engine on sailboat until I went ethanol-free. Now using it in my boat, snow thrower and mower
For a list of locations to purchase ethanol free gas, go to:

http://pure-gas.org
by WhyNotUs
Sat Sep 06, 2014 1:47 am
 
Forum: Personal Consumer Issues
Topic: Lawnmower/gas issues
Replies: 48
Views: 2140

Re: relo property and "illegal" partially finished basement

Given your circumstances, it might be wise to get an experienced local contractor, who understands local building code and knows local building official, over there ASAP and to prepare a bid for nothing more than making it code compliant. I would not add one penny of extras. The repo company needs a...
by WhyNotUs
Fri Sep 05, 2014 12:22 am
 
Forum: Personal Finance (Not Investing)
Topic: relo property and "illegal" partially finished basement
Replies: 23
Views: 1342

Re: How much does your home *really* cost?

The original question applies to people who are through working but not those of us still toiling away. Yes, nomads can live cheaper than homeowners. If you do not need a tether for income, then it comes down to a lifestyle choice. I like to sail and meet lots of cruisers who are living on their boa...
by WhyNotUs
Thu Sep 04, 2014 10:09 am
 
Forum: Personal Finance (Not Investing)
Topic: How much does your home *really* cost?
Replies: 23
Views: 4306
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