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Re: Question Owner Financing

I did the exact same thing for my step son & his family about 4 years ago. I refinanced my mortgage with cash out, shopped with them for a foreclosure and paid cash. Sold it to them the next day acting as the mortgagee. I did this all with a real estate lawyer. It was actually a contract for dee...
by rjsob58
Fri Apr 11, 2014 3:06 pm
 
Forum: Personal Finance (Not Investing)
Topic: Question Owner Financing
Replies: 11
Views: 557

Re: Favorite gadgets?

1. Heated seated in car (laughed when the salesman touted these, but will never buy a car without them until I move south)
2. TV remote
4. Earphones (I have teenagers)
5. Apple corer/slicer
5. Water dispenser in the fridge
by rjsob58
Wed Mar 12, 2014 4:16 pm
 
Forum: Personal Finance (Not Investing)
Topic: Favorite gadgets?
Replies: 28
Views: 1518

Removing Escrow from Mortgage

Does it make sense and is it possible to remove the escrow portion of my mortgage - pay the taxes and insurance directly? It just seems like I'm loaning (interest free) the mortgage company the money to make those payments for me since they have to have a minimum amount in escrow. Or are there provi...
by rjsob58
Tue Mar 04, 2014 5:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Removing Escrow from Mortgage
Replies: 13
Views: 893

Re: Do children become less expensive as they grow up?

I love the idea of offering to pay them to not get their license at 16. I am definitely going to give that a shot, cause the cost of insurance for 2 teenage male drivers is probably more than what I pay for my mortgage. I'm on the other side of the fence. If they get a license (I'm not buying them ...
by rjsob58
Tue Feb 25, 2014 3:53 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do children become less expensive as they grow up?
Replies: 93
Views: 6499

Re: Do children become less expensive as they grow up?

To set the stage, I have 13yr twins. At 3.5, you just have their needs to pay for. As they get older, not only do their needs increase (e.g. - more food, more clothes), but their WANTS grow exponentially. I can't say I've done this well, but providing them a good understanding of what their WANTS co...
by rjsob58
Tue Feb 25, 2014 3:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Do children become less expensive as they grow up?
Replies: 93
Views: 6499

Re: People Search - paying for data?

I've used Spokeo. I think the initial subscription was fairly inexpensive for a 3 month subscription. Found what I was looking for, then used it to see what it showed for me and some others. Cancelled the subscription with no problem before the auto-renewal kicked in.
by rjsob58
Fri Feb 21, 2014 2:44 pm
 
Forum: Personal Consumer Issues
Topic: People Search - paying for data?
Replies: 21
Views: 1616

Re: Your strategies, decisions, actions - Retirement 5 years

I've run all the calculators with some fairly conservative/pessimistic assumptions and I'm 3-5 years out depending on where my kids go to college. I've also run my own numbers based primarily on what I've been spending over the last decade. Every morning on my commute into work and every afternoon o...
by rjsob58
Fri Feb 21, 2014 2:19 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your strategies, decisions, actions - Retirement 5 years out
Replies: 19
Views: 1925

Re: Poll: Experience with personal lending

I borrowed money from my mother twice - substantial amounts, earlier in life. I kept track of how much & how long. Eventually paid in full, with interest. When she was late in life, she asked for "a loan" twice. I provided it with no expectation of being paid back. I lent money to a fr...
by rjsob58
Fri Jan 17, 2014 6:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Poll: Experience with personal lending
Replies: 52
Views: 2181

Re: Spring vacation ideas

If you don't have a lot of money to blow, a cruise might not work particularly for spring break vacation as the prices are higher. If you can afford a cruise for 4, then an equivalent alternative maybe an all-inclusive in Jamaica or Mexico as those two both include all beverages (including alcohol)....
by rjsob58
Wed Jan 15, 2014 5:52 pm
 
Forum: Personal Consumer Issues
Topic: Spring vacation ideas
Replies: 6
Views: 656

Re: Permits for kitchen remodel

What exactly do you need permits for in a kitchen remodel? For example if you just do the countertops and the backsplash do you need permits? We knocked down walls, add new electrical outlets, moved others, added lights in ceiling, moved gas line for new stove location. So we needing building, elec...
by rjsob58
Tue Jan 14, 2014 5:22 pm
 
Forum: Personal Consumer Issues
Topic: Permits for kitchen remodel
Replies: 17
Views: 1498

Re: Marriage and Money

concerns me is I don't believe she really understands the business side of how she's going to obtain it. I have posed the questions such as "How much will it cost to open a restaurant?" "Do you know the success/failure rate of a restaurant?" "How are you going to get the mo...
by rjsob58
Thu Jan 09, 2014 2:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Marriage and Money
Replies: 32
Views: 3194

Re: Permits for kitchen remodel

Just to close the loop on this. We had no problems pulling the permits ourselves and it only cost $650 vs the $2k estimate the contractor provided if they pulled them. The remodel is done. Failed electrical inspection initially, but the contractor took care of all the code deficiencies. Everybody's ...
by rjsob58
Thu Jan 09, 2014 11:11 am
 
Forum: Personal Consumer Issues
Topic: Permits for kitchen remodel
Replies: 17
Views: 1498

Re: Used Laptop

Used or refurbished? The later being wiped CLEAN and everything reinstalled. Used could be just cleaned up, misc software uninstalled, but not wiped and "fresh". Possibly a big difference. Devil's advocate here but what's not to say the person before didn't get a virus or rootkit that stil...
by rjsob58
Wed Jan 08, 2014 5:50 pm
 
Forum: Personal Consumer Issues
Topic: Used Laptop
Replies: 13
Views: 596

Re: early 401k distributions & 10% penalty

Right now, the why is really a "just in case". There are lots of reasons on my list not to, but I tend to plan out every path. I'd like to leave or may be forced to and its the latter that has me looking at all my financial options. My max annual distribution from just the 401k isn't nearl...
by rjsob58
Thu Dec 19, 2013 4:52 pm
 
Forum: Personal Finance (Not Investing)
Topic: early 401k distributions & 10% penalty
Replies: 4
Views: 435

early 401k distributions & 10% penalty

From what I read, I can start withdrawals from my 401k without the 10% penalty because of the following exception: "Made to a participant after separation from service if the separation occurred during or after the calendar year in which the participant reached age 55." 1) Is this whether ...
by rjsob58
Thu Dec 19, 2013 2:00 pm
 
Forum: Personal Finance (Not Investing)
Topic: early 401k distributions & 10% penalty
Replies: 4
Views: 435

Re: Permits for kitchen remodel

Scope is all new cabinets, counter tops (granite), knocking down two walls to open things up, moving the refrig to the other side of the room (water line & new electrical circuit), moving a gas stove about 4 feet so there is a counter on each side. New lights, adding some electrical outlets and ...
by rjsob58
Thu Dec 05, 2013 4:40 pm
 
Forum: Personal Consumer Issues
Topic: Permits for kitchen remodel
Replies: 17
Views: 1498

Re: Permits for kitchen remodel

Generally, permit fees are based on the value of the work (although that may vary regionally) so I'm puzzled by how $2500 is saved by you doing the "pulling". I just finished an addition for which I pulled the building permit and acted as GC (there were no separate permits required for el...
by rjsob58
Thu Dec 05, 2013 3:02 pm
 
Forum: Personal Consumer Issues
Topic: Permits for kitchen remodel
Replies: 17
Views: 1498

Re: Permits for kitchen remodel

How much is the total job going to cost vs the savings by pulling the permit(s) yourself? Maybe it's just me, but it seems like if I were hiring a GC (are you hiring a GC who will be responsible for all aspects of the job, including hiring subs?), one of the reasons would be because I would want th...
by rjsob58
Thu Dec 05, 2013 2:45 pm
 
Forum: Personal Consumer Issues
Topic: Permits for kitchen remodel
Replies: 17
Views: 1498

Permits for kitchen remodel

We are doing a kitchen remodel and the contractor was going to charge us approx $2500 to pull all the permits, but said we could save money by getting the permits ourselves. They gave us their business license, but the county said it does not cover electrical or gas, only the building permit. They w...
by rjsob58
Thu Dec 05, 2013 2:04 pm
 
Forum: Personal Consumer Issues
Topic: Permits for kitchen remodel
Replies: 17
Views: 1498

Re: Jamaica Vacation - Any tips?

We've been 3-4 times with our kids in the last 6-7 years. We always stay at an AI and only leave the resort on group tours. We've never had a problem. The kids have always had a great time (age 4 on our 1st trip, age 11 on our last). The AI are great for budgeting, cause unlike the cruise ships, it ...
by rjsob58
Tue Nov 26, 2013 3:39 pm
 
Forum: Personal Consumer Issues
Topic: Jamaica Vacation - Any tips?
Replies: 74
Views: 4175

Re: Generic Gift Cards

I had problems with a "rebate" card which I guess is like a gift card. Tried it at different merchants (gas station, grocery store, home depot). All got "declined" even though there were funds. Finally had to use it for an online purchase. That is why I asked. I'm thinking a cris...
by rjsob58
Thu Nov 21, 2013 5:04 pm
 
Forum: Personal Consumer Issues
Topic: Generic Gift Cards
Replies: 43
Views: 2126

Generic Gift Cards

Tis the season, right? So instead of buying store-specific gift cards (e.g. best buy, Walmart), I'd like to get generic ones (e.g. Visa or MC) that could be used anywhere or almost anywhere. Are some better or more widely accepted? Any gotchas?
by rjsob58
Thu Nov 21, 2013 4:35 pm
 
Forum: Personal Consumer Issues
Topic: Generic Gift Cards
Replies: 43
Views: 2126

Re: Good Real Estate move?

This is what I did several years back for my step son. I refi'd my house with cash out. Bought a foreclosure with the cash. On paper, I loaned him the money and sold it to him the next day and he pays me the mortgage. All done through a real estate attorney. He gets the tax deductions, I have to dec...
by rjsob58
Thu Sep 05, 2013 3:08 pm
 
Forum: Personal Finance (Not Investing)
Topic: Good Real Estate move?
Replies: 47
Views: 3014

Re: What Book Are You Currently Reading? Part V

For fiction (sci-fi actually), just finished The Ender Quintet and The Shadow Series by Orson Scott Card. Very entertaining. Non-fiction: Stop Prediabetes Now: The Ultimate Plan to Lose Weight and Prevent Diabetes by Jack Challem, Ron Hunninghake. I didn't really use the recipes or do the supplement...
by rjsob58
Thu Sep 05, 2013 2:32 pm
 
Forum: Personal Consumer Issues
Topic: What Book Are You Currently Reading? Part V
Replies: 2626
Views: 596716

Re: All Inclusive [Vacation] Pros and Cons

How old are your kids? How much family time do you want vs. you & spouse? How picky are you about the food? We've been to Jamaica AI's at least half a dozen times. These are not 5 or even 4 star resorts (the ones we've been to). Paying everything up front makes budgeting easier. The kids, especi...
by rjsob58
Mon Aug 19, 2013 4:20 pm
 
Forum: Personal Consumer Issues
Topic: All Inclusive [Vacation] Pros and Cons
Replies: 23
Views: 2095

Re: Email, legal name or alias?

My two primary email addresses are my work email and my home email. I try not to mix the two. Each of those has a few aliases that I use to help filter junk. Then I have gmail and a few other assorted ones. Like a portfolio, I think diversification is a good thing. Having all your email eggs in one ...
by rjsob58
Wed Aug 14, 2013 4:48 pm
 
Forum: Personal Consumer Issues
Topic: Email, legal name or alias?
Replies: 21
Views: 1755

Re: Buying a House without a Real Estate Agent

When I bought my current house (13 yrs ago), we had an agent. But...... she kept showing us houses at the very top of our price range and due to the seller's market boom at the time, kept telling us we had to offer above the asking price. We had also told her one very specific neighborhood we were i...
by rjsob58
Mon Aug 05, 2013 4:45 pm
 
Forum: Personal Consumer Issues
Topic: Buying a House without a Real Estate Agent
Replies: 29
Views: 2305

Re: Where to find a bogleheads like community for small busi

I 2nd the motion for a "small business owners and self employed" forum.

I've been looking too and have plans to launch my startup in the next few months. Lots of questions.

This was a really helpful book.
viewtopic.php?f=2&t=120200&newpost=1757444
by rjsob58
Fri Aug 02, 2013 4:33 pm
 
Forum: Forum Issues and Administration
Topic: Where to find a bogleheads like community for small business
Replies: 14
Views: 1153

Re: On Shopping And Receiving Change

My opinion is that the penny should be phased out and cash transactions rounded to the nearest 5 cents and the paper dollar bill should be phased out and replaced by a polymer note of the same value. Progress! :sharebeer But what would the tax man do? Would that always be rounded up/down? I think t...
by rjsob58
Fri Aug 02, 2013 4:25 pm
 
Forum: Personal Consumer Issues
Topic: On Shopping And Receiving Change
Replies: 56
Views: 2981

Re: Is security on the web really possible?

By "one can protect oneself" do you mean you, as an individual? If so, then no except maybe to go to a strictly cash, "off the grid" lifestyle. The only other way I can think of would be to disperse all your assets among a lot of different accounts so that no one account holds a ...
by rjsob58
Thu Jul 25, 2013 1:37 pm
 
Forum: Personal Consumer Issues
Topic: Is security on the web really possible?
Replies: 17
Views: 1329

Re: Help Me Replace my NetGear Wireless Router

You didn't include the most important boglehead requirement: budget?

I'm in IT about 25 years. Dlink or Linksys for under $50. Personally I wouldn't spend more unless it is for work - then I'm not paying the bill anyway.
by rjsob58
Fri Jul 05, 2013 3:49 pm
 
Forum: Personal Consumer Issues
Topic: Help Me Replace my NetGear Wireless Router
Replies: 36
Views: 2558

Re: Survey shows confusion on how much to save for retiremen

The only way to know estimate what percentage of your income to save would be to work backwards. a) guesstimated expenses during retirement b) how many years (guesstimated life expentancy minus geustimated retirement age) c) guesstimated inflation d) guesstimated rate of return on investments All th...
by rjsob58
Fri Jul 05, 2013 3:32 pm
 
Forum: Personal Finance (Not Investing)
Topic: Survey shows confusion on how much to save for retirement.
Replies: 30
Views: 3730

Re: How many pair of shoes?

1 pair work/dress shoes
2 pairs of sneakers (1 old/falling apart for yard work, 1 for all else)
1 pair flip-flops
1 pair snow boots
by rjsob58
Wed Jul 03, 2013 11:50 am
 
Forum: Personal Consumer Issues
Topic: How many pair of shoes?
Replies: 70
Views: 4495

Re: Retirement projections modeling - am I missing something

How do you figure health-care insurance/cost in all of this? That's what seems to be missing or a big unknown. You typically have coverage when employed. But upon retirement, you have to get individual accounts, correct? And with health-care reform, nobody seems to know what those costs will truly be.
by rjsob58
Thu Jun 27, 2013 12:59 pm
 
Forum: Personal Finance (Not Investing)
Topic: Retirement projections modeling - am I missing something?
Replies: 20
Views: 1657

Re: Sno-balls [Any experience with sno-ball business?]

Bobbybell wrote:I had no idea that they existed outside of the Baltimore region. I've seen snowcones lots of places, but no sno balls.

I'm from New Orleans. They are big down there. So are drive thru frozen daquari stands, but I don't want to mess with the alcohol permits, liability, etc.
by rjsob58
Tue Jun 25, 2013 12:05 pm
 
Forum: Personal Consumer Issues
Topic: Sno-balls [Any experience with sno-ball business?]
Replies: 12
Views: 1492

Re: Sno-balls [Any experience with sno-ball business?]

I've been researching this for a while. What part of the country are you in?
by rjsob58
Mon Jun 24, 2013 4:48 pm
 
Forum: Personal Consumer Issues
Topic: Sno-balls [Any experience with sno-ball business?]
Replies: 12
Views: 1492

Re: How much do you pay the babysitter?

Large dog wire kennel & pad lock. <$100 one time cost.

Ok, just kidding. $10-$15 hr for 2 kids. DC suburbs. Neighborhood high school kids.
by rjsob58
Fri Jun 21, 2013 4:57 pm
 
Forum: Personal Consumer Issues
Topic: How much do you pay the babysitter?
Replies: 20
Views: 1668

Re: Your worst financial habit

Letting things my kids (2 older and out of the house, 2 younger and still here) do or want force me to adjust my budget - primarily putting off things I want for things they want or need. I'm doing a better job with my younger two and while I try to convince my older 2 to make better, more long term...
by rjsob58
Fri Jun 14, 2013 12:46 pm
 
Forum: Personal Finance (Not Investing)
Topic: Your worst financial habit
Replies: 84
Views: 10544

Re: Getting lower cable rates by threatening to cancel

I currently have Verizon DSL and was considering switching to FIOS. One thing I found out is that once you are switched to FIOS you cannot ever return to DSL. You are stuck. Verizon removes your regular copper line. Internet and phone with FIOS both use the fiber optic cable. For this reason I decl...
by rjsob58
Wed Jun 12, 2013 3:11 pm
 
Forum: Personal Consumer Issues
Topic: Getting lower cable rates by threatening to cancel
Replies: 67
Views: 6600

Boglehead guide to starting a new business

I am in the planning process for starting a new business. I've been doing research on the SBA site, PTO site and the IRS. Is there the equivalent to a boglehead's guide to starting a new business? Aside from "don't do it" and the above general resources, are there any other resources, book...
by rjsob58
Tue Jun 04, 2013 1:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Boglehead guide to starting a new business
Replies: 4
Views: 473

Re: Closing my brick & mortar bank acct

Min balance is 5k for my current account. So maybe I'll let them set me up with a bare-bones account with a lower balance just in case.
by rjsob58
Mon Jun 03, 2013 12:24 pm
 
Forum: Personal Finance (Not Investing)
Topic: Closing my brick & mortar bank acct
Replies: 29
Views: 2549

Re: Closing my brick & mortar bank acct

I see no reason to abandon my brick and mortar banks. I have 2 checking accounts with one and one checking with another. With the first bank, the linked checking account pays 0.7%. The second bank pays 1.05%. I'd love to know where you are getting those rates at a B&M. The interest rate is my o...
by rjsob58
Fri May 31, 2013 4:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Closing my brick & mortar bank acct
Replies: 29
Views: 2549

Re: Closing my brick & mortar bank acct

Thanks all. I think my wife's B&M account could be used for all of that.
by rjsob58
Fri May 31, 2013 3:13 pm
 
Forum: Personal Finance (Not Investing)
Topic: Closing my brick & mortar bank acct
Replies: 29
Views: 2549

Re: Adult "child" moved back home - avoiding failure to laun

Bongo, I raised 2 step-sons, both over 30 now and I'll just add my 2 cents. Up to you whether it is actually worth that much. 1) "No staying out late, sleeping all day, etc". If you want her to act like an adult, you need to treat her like an adult. I think you can restrict what she does w...
by rjsob58
Fri May 31, 2013 1:20 pm
 
Forum: Personal Consumer Issues
Topic: Adult "child" moved back home - avoiding failure to launch
Replies: 196
Views: 12459

Closing my brick & mortar bank acct

I've moved all my automatic billing, direct deposits, auto transfers over to Ally. I'm ready to close the account at my brick & mortar bank. I'm trying to think of any reason where I would need a B&M bank as a resource. I have notaries at work if needed. I'm fully comfortable with the on-lin...
by rjsob58
Fri May 31, 2013 12:56 pm
 
Forum: Personal Finance (Not Investing)
Topic: Closing my brick & mortar bank acct
Replies: 29
Views: 2549

Re: Concern about car charger for new smartphone

Although the vast majority of newer smartphones work with any standard USB chargers, some (particularly older models) are very specific to the amps/volts. I know alot of the older Motorola (not USB) had identical connectors to the smartphone, using a non-motorola charger would cause damage or just n...
by rjsob58
Wed May 29, 2013 12:30 pm
 
Forum: Personal Consumer Issues
Topic: Concern about car charger for new smartphone
Replies: 27
Views: 1610

Re: Considering stepping down

I backed off almost 7 years ago and don't regret it. I work regular hours now (nights & weekends are rare), although still "on-call", I rarely need to do more than answer an email. I'm not stressed out when I get home. One trade-off has been that I would be making more if I stayed wher...
by rjsob58
Fri May 03, 2013 2:02 pm
 
Forum: Personal Finance (Not Investing)
Topic: Considering stepping down
Replies: 18
Views: 3058

Re: Family Vacations: Your Favorites, ages + tips requested!

We do best with the all-inclusives (Jamaica, Mexico). It includes everything so I know exactly what we are spending. For a family of 4, that helps a lot. Also, we don't have battles with the kids about where to eat or what to eat. Plenty of variety. Finally, the resorts are typically enclosed, so th...
by rjsob58
Tue Apr 30, 2013 2:47 pm
 
Forum: Personal Consumer Issues
Topic: Family Vacations: Your Favorites, ages + tips requested!
Replies: 31
Views: 2910

Re: Primer on smart phones

Smart phones without bells & whistles is kind of an oxymoron. Most are pre-loaded with tons of stuff you don't need or will never use. I think you should come at this from the other direction. What functionality are you looking for? (e.g. - I want to use maps or navigation; I want to be able to ...
by rjsob58
Tue Apr 30, 2013 12:44 pm
 
Forum: Personal Finance (Not Investing)
Topic: Primer on smart phones
Replies: 22
Views: 1377

Re: How to find a beach house rental?

We've gone here several times. Not too "touristy". Some rentals have pools too. I don't think you can fly there though. http://www.rentalsatthebeach.com/
by rjsob58
Tue Apr 30, 2013 12:11 pm
 
Forum: Personal Consumer Issues
Topic: How to find a beach house rental?
Replies: 29
Views: 2086
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