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Re: Should I sell my office building?

Thank you all.
by rklezmer
Thu May 01, 2014 11:09 am
 
Forum: Personal Finance (Not Investing)
Topic: Should I sell my office building?
Replies: 10
Views: 1257

Re: Should I sell my office building?

It's not the hastle, it's more the financial question: would placing $700,000 in my taxable account in 2014 perform better, over twenty years vs. remaining in the building and keeping the equity in my building? To rent, I may spend $60,000 per year in rent. To continue to own, I may spend $35,000 pe...
by rklezmer
Wed Apr 30, 2014 1:57 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I sell my office building?
Replies: 10
Views: 1257

Re: Should I sell my office building?

Thank you for the first response. The second response is a little creepy. I don't need a realtor to call me. Thanks.
by rklezmer
Wed Apr 30, 2014 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I sell my office building?
Replies: 10
Views: 1257

Should I sell my office building?

I'm 46. I have a professional office building for my practice with myself as the only tenant. The building is not large enough for more tenants. The building is paid off and probably worth $700,000 plus. It's hard to say the true value--big box stores nearby seem to be closing. If I sell, I will bec...
by rklezmer
Wed Apr 30, 2014 12:29 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I sell my office building?
Replies: 10
Views: 1257

Re: Being a trustee for a friend's estate

I am meeting my friend tonight and will get his attorney's contact information. Thank you.
by rklezmer
Wed Apr 09, 2014 7:34 pm
 
Forum: Personal Finance (Not Investing)
Topic: Being a trustee for a friend's estate
Replies: 14
Views: 1606

Re: Being a trustee for a friend's estate

thanks again for the intelligent responses.
by rklezmer
Tue Apr 08, 2014 7:35 pm
 
Forum: Personal Finance (Not Investing)
Topic: Being a trustee for a friend's estate
Replies: 14
Views: 1606

Re: Being a trustee for a friend's estate

thank you.
by rklezmer
Tue Apr 08, 2014 11:38 am
 
Forum: Personal Finance (Not Investing)
Topic: Being a trustee for a friend's estate
Replies: 14
Views: 1606

Being a trustee for a friend's estate

A good friend has asked me to be a trustee for his estate. He's in his mid-40's. His bank, attorney, etc. have asked me to sign many documents. So, it looks like I agreed to act as the trustee. My friend is brining me more documents to sign. I know it's all legit, but I feel somewhat odd randomly si...
by rklezmer
Tue Apr 08, 2014 8:25 am
 
Forum: Personal Finance (Not Investing)
Topic: Being a trustee for a friend's estate
Replies: 14
Views: 1606

Re: Advice on what to do with proceeds from second home sale

I am personally liable, but it's owned by a LLC. Thanks. My accountant's advice is to pay the highest interest rate loan off first--that would be the office loan.
by rklezmer
Thu Apr 03, 2014 12:00 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on what to do with proceeds from second home sale
Replies: 8
Views: 1075

Re: Advice on what to do with proceeds from second home sale

Thank you, Brian. The condo proceeds does not account for taxes, so my net will be lower than 1,075,000 and I will show a capital gain on the same. I bought the condo in 2009 for 817,000. My 20,000 per month savings is funded mostly from money that I've saved over the years and am DCA into the marke...
by rklezmer
Tue Apr 01, 2014 11:54 am
 
Forum: Investing - Help with Personal Investments
Topic: Advice on what to do with proceeds from second home sale
Replies: 8
Views: 1075

Advice on what to do with proceeds from second home sale

Hello, I am selling my vacation home (condo) and closing on 4/24/14. I will net about 1,075,000.00. I am 46 years old. I have 5 kids. My current debt consists of: 325,000 first mortgage on primary residence. 15 year fixed at 3.75%. Payment without taxes and insurance is about 3500.00 per month 520,0...
by rklezmer
Mon Mar 31, 2014 5:02 pm
 
Forum: Investing - Help with Personal Investments
Topic: Advice on what to do with proceeds from second home sale
Replies: 8
Views: 1075

Re: I need a short term interest only loan. Advice?

thank you. I applied on line today for a loan through Penfed.
by rklezmer
Sat Mar 08, 2014 3:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: I need a short term interest only loan. Advice?
Replies: 8
Views: 607

Re: I need a short term interest only loan. Advice?

Thank you. I do not love your idea, but I appreciate your thoughts. I am sure I will have the money to pay off the loan within 6 months or so.
by rklezmer
Sat Mar 08, 2014 11:54 am
 
Forum: Personal Finance (Not Investing)
Topic: I need a short term interest only loan. Advice?
Replies: 8
Views: 607

I need a short term interest only loan. Advice?

I prefer not to sell funds in my taxable account and need to borrow $500,000, interest only, for a short term period (3-6 months or so). I need the money within 30 days. My local bank cannot do such a loan and Schwab connected me to Quicken which offers a loan product at 3.25% if I also refi my prim...
by rklezmer
Sat Mar 08, 2014 9:56 am
 
Forum: Personal Finance (Not Investing)
Topic: I need a short term interest only loan. Advice?
Replies: 8
Views: 607

Re: How early to purchase plane tickets?

Thanks for your thoughts.
by rklezmer
Tue Mar 04, 2014 10:03 am
 
Forum: Personal Finance (Not Investing)
Topic: How early to purchase plane tickets?
Replies: 15
Views: 1577

How early to purchase plane tickets?

I realize that the importance of this question is low, but I am curious. I have a large family and need to purchase 7 plane tickets to our preferred Christmas break destination. Based on years of travel to this locale, I know that roundtrip tickets range from $540.00 to over $1,000. Currently, ticke...
by rklezmer
Mon Mar 03, 2014 10:34 am
 
Forum: Personal Finance (Not Investing)
Topic: How early to purchase plane tickets?
Replies: 15
Views: 1577

Re: Investing in a carwash

Geeze. I guess I stay with index funds. Any objection to that? Thanks for your opinions. I am currently in the middle of season 3, by the way. No car was scene yet. Just a massive dry cleaning business.
by rklezmer
Thu Jan 23, 2014 3:53 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in a carwash
Replies: 36
Views: 3561

Re: Investing in a carwash

Sounds like an athlete type of investment. Thanks for keeping my straight.
by rklezmer
Wed Jan 22, 2014 12:01 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in a carwash
Replies: 36
Views: 3561

Re: Investing in a carwash

Thanks again.
by rklezmer
Wed Jan 22, 2014 11:23 am
 
Forum: Investing - Help with Personal Investments
Topic: Investing in a carwash
Replies: 36
Views: 3561

Re: Investing in a carwash

Thank you all for the helpful replies and for your time. Of course, I would perform due diligence and the owner is more of an acquaintance. I used the term "friend" loosely.
by rklezmer
Tue Jan 21, 2014 7:10 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in a carwash
Replies: 36
Views: 3561

Investing in a carwash

A friend owns own full service car wash and is currently building his second location. He has offered me a 10% equity share for $150,000.00 in a yet to be developed third location. The cost of the land, building and equipment is about 4 million. He needs to raise a total of $600,000 to obtain a loan...
by rklezmer
Tue Jan 21, 2014 3:55 pm
 
Forum: Investing - Help with Personal Investments
Topic: Investing in a carwash
Replies: 36
Views: 3561

Re: Taxable account question

My 401(K) is 45% bond funds. Thank you.
by rklezmer
Thu Nov 07, 2013 1:44 pm
 
Forum: Investing - Help with Personal Investments
Topic: Taxable account question
Replies: 13
Views: 1004

Taxable account question

My taxable account is current 100% stocks. 50% VFWAX and the balance in VTSAX. I am 46 years old. I plan to work another 15 years or so. I fully fund my 401(k) each year. Since the market has done so well recently and I assume it's not wise to have 100% in stocks, any advice on how I should modify m...
by rklezmer
Thu Nov 07, 2013 10:58 am
 
Forum: Investing - Help with Personal Investments
Topic: Taxable account question
Replies: 13
Views: 1004

Re: Help with investment lingo on a prospectus

Thank you both. I was expecting at least one response telling me not to invest, since I do not understand the terminology. That is a good point.
by rklezmer
Mon Jul 08, 2013 10:39 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with investment lingo on a prospectus
Replies: 8
Views: 560

Help with investment lingo on a prospectus

I am considering investing in a private company. In the prospectus, is the following clause. Can someone please explain this to me in layman's terms? Thank you. We are offering 3 year convertible debt deal. It has a $6.75 conversion price and has 6% accrued interest with it. It's the best of both wo...
by rklezmer
Mon Jul 08, 2013 9:32 am
 
Forum: Investing - Help with Personal Investments
Topic: Help with investment lingo on a prospectus
Replies: 8
Views: 560

Taxable account distribution of funds

In my taxable account, in which I put $5,000 per month in new money, I have the following distribution: 32% in Vanguard FTSE All-Wld ex-US Idx Admiral (VFWAX) 38% in Vanguard Total Bond Market Index Adm (VBTLX) and 30% in Vanguard Total Stock Mkt Idx Adm (VTSAX) I think I read on this Board not to h...
by rklezmer
Wed Apr 03, 2013 11:11 am
 
Forum: Investing - Theory, News & General
Topic: Taxable account distribution of funds
Replies: 5
Views: 523

Re: Should I refinance my home? I need help with the math.

thank you. I appreciate the responses.
by rklezmer
Sat Feb 23, 2013 6:10 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I refinance my home? I need help with the math.
Replies: 4
Views: 266

Should I refinance my home? I need help with the math.

My current mortgage is a 15 year fixed at 3.875% per annum and has 12 years and 3 months remaining. The balance is $385,000. My P and I payment is $3,058.45 per month. I can refi with a 15 year fixed through Amerisave at 2.56%. My payment for P and I will then be $2,590.00 per month, but my amortiza...
by rklezmer
Sat Feb 23, 2013 4:40 pm
 
Forum: Personal Finance (Not Investing)
Topic: Should I refinance my home? I need help with the math.
Replies: 4
Views: 266

Re: Jeep Wranglers

I bought a 2013 Jeep Wrangler Rubicon in September. My first ever Jeep, at age 45. I struggled with the concept that I am "acting like a teenager" or having a "mid-life crisis." I also know I spent too much on the Jeep from a Bogleheads' perspective, buying a new one with leather...
by rklezmer
Thu Dec 20, 2012 8:55 am
 
Forum: Personal Consumer Issues
Topic: Jeep Wranglers
Replies: 22
Views: 2467

Re: Health insurance renewal time: other options

Thank you all Very helpful responses.
by rklezmer
Tue Oct 09, 2012 9:04 pm
 
Forum: Personal Finance (Not Investing)
Topic: Health insurance renewal time: other options
Replies: 22
Views: 1445

Re: Health insurance renewal time: other options

Thank you all. I applied for new coverage via ehealthinsurance.com. My guess is that I'll be stuck with my current premium based on learning from the ehealthinsurance.com representation that the premium quotes offered are for new customers and I am reapplying through the same carrier (Anthem). I don...
by rklezmer
Tue Oct 09, 2012 10:08 am
 
Forum: Personal Finance (Not Investing)
Topic: Health insurance renewal time: other options
Replies: 22
Views: 1445

Re: Health insurance renewal time: other options

I know. That's why I posted the questions.
by rklezmer
Mon Oct 08, 2012 2:30 pm
 
Forum: Personal Finance (Not Investing)
Topic: Health insurance renewal time: other options
Replies: 22
Views: 1445

Re: Health insurance renewal time: other options

Opps. Indiana. Sorry.
by rklezmer
Mon Oct 08, 2012 12:58 pm
 
Forum: Personal Finance (Not Investing)
Topic: Health insurance renewal time: other options
Replies: 22
Views: 1445

Health insurance renewal time: other options

It's that time of year to pay my yearly Anthem health insurance premium. I am 45 years old, married, with 3 kids (12, 13 and 2 1/2) and do not carry maternity coverage. We are all healthy except the 13 year old has asthma and takes daily medications. My yearly premium is about $18,000 with a $5,000....
by rklezmer
Mon Oct 08, 2012 12:26 pm
 
Forum: Personal Finance (Not Investing)
Topic: Health insurance renewal time: other options
Replies: 22
Views: 1445

Re: Memory Foam Mattresses?

I posted about this topic a few months ago. We sprung for the crazy expensive Tempurpedic Cloud for $4000 plus. I was reluctant, but my wife wanted it. Last weekend, I admitted to my wife that I love it, but that $4000 is still a crazy amount to pay. I have no heat issues and could not be more comfo...
by rklezmer
Tue Aug 07, 2012 7:34 pm
 
Forum: Personal Consumer Issues
Topic: Memory Foam Mattresses?
Replies: 17
Views: 2212

Re: Advice for starting an investment club

Thank you. The purpose: frankly, part amusement, part social and may be part financial. I know this Board is intended to help me make wise financial decisions and appreciate the continued advice, but sometimes I need to enjoy life more.
by rklezmer
Fri Jul 27, 2012 4:27 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for starting an investment club
Replies: 14
Views: 918

Advice for starting an investment club

Myself and a friend want to start a small investment club and invite only 4-6 members. Ideally, each member will be required to initially invest the same amount. We'd like to invite members with a variety of business/corporate/medical backgrounds. Some questions: 1. Should the club open a brokerage ...
by rklezmer
Fri Jul 27, 2012 3:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Advice for starting an investment club
Replies: 14
Views: 918

Re: Statistical Anamoly - Markets Rising

Funny. I contribute to my taxable account on the 15th of each month and have noticed the same. I previously contributed on the 1st of each month and felt the same also on the 1st. I switched to the 15th to avoid "the monthly market high" phenomenom I observed. This may just be a perception...
by rklezmer
Fri Jul 13, 2012 1:19 pm
 
Forum: Investing - Theory, News & General
Topic: Statistical Anomaly - Markets Rising
Replies: 32
Views: 4151

Re: Buying an "investment" condo

I would pay cash. I am 44. I have no debt except I owe on about 25% of the value of my primary residence. The condo is in Snowmass--ski-in-ski-out. I have a 2 year old, 11 and 13 year old. I can provide my income if relevant, but I would pay cash. I fully fund all non-taxable investment options plus...
by rklezmer
Thu May 03, 2012 1:22 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying an "investment" condo
Replies: 19
Views: 1332

Buying an "investment" condo

I use this Board to keep me in line. My brain constantly thinks of investment ideas and I only sometimes act. For the last 30 years or so, my family has travelled 2-3 times per year to a certain ski resort out west and almost always stays at the same complex. For the past 3 years, the average sale p...
by rklezmer
Thu May 03, 2012 12:50 pm
 
Forum: Personal Finance (Not Investing)
Topic: Buying an "investment" condo
Replies: 19
Views: 1332

Re: The ole' question--to pay off the mortgage or not.

Thank you very the great responses. I really appreciate the time and effort you all took to respond.
by rklezmer
Thu May 03, 2012 12:32 pm
 
Forum: Investing - Help with Personal Investments
Topic: The ole' question--to pay off the mortgage or not.
Replies: 42
Views: 2830

The ole' question--to pay off the mortgage or not.

A slow Sunday morning, so I'll post a question important to me, but one which I think I can predict the consensus. I fully utilize all tax deferred investing options. I am 44. Since 4/09, I've also put $5,000 per month into a taxable Vanguard account, 40% all World Bonds and 60% all World Stocks. I ...
by rklezmer
Sun Apr 29, 2012 10:42 am
 
Forum: Investing - Help with Personal Investments
Topic: The ole' question--to pay off the mortgage or not.
Replies: 42
Views: 2830

Re: Tempurpedic mattress--worth price? Finance it?

Thanks for the many helpful responses. Last night was night one on my new cloud Tempurpedic AND "free" Tempurpedic pillow. Too early to judge. The comfort was nice, but I did not sleep any more soundly. Just one night, however. My gut feeling is that I'll enjoy it.
by rklezmer
Fri Apr 20, 2012 10:39 am
 
Forum: Personal Consumer Issues
Topic: Tempurpedic mattress--worth price? Finance it?
Replies: 63
Views: 8694

Re: Tempurpedic mattress--worth price? Finance it?

thanks again for the responses. Being hot seems bad. We do have a 100 day trial with a full refund if we are disatisfied.
by rklezmer
Wed Apr 18, 2012 5:36 pm
 
Forum: Personal Consumer Issues
Topic: Tempurpedic mattress--worth price? Finance it?
Replies: 63
Views: 8694

Re: Tempurpedic mattress--worth price? Finance it?

Thank you for your responses.
by rklezmer
Wed Apr 18, 2012 4:13 pm
 
Forum: Personal Consumer Issues
Topic: Tempurpedic mattress--worth price? Finance it?
Replies: 63
Views: 8694

Tempurpedic mattress--worth price? Finance it?

My wife is on me to spend $4,800.00 on a Tempurpedic mattress. She thinks it will solve her sleeping issues and be simply magical. Does anyone here have any experience with such a mattress? Thoughts. Also, I am not one to finance, but I can pay 200.00 per month for 2 years with no finance charges or...
by rklezmer
Wed Apr 18, 2012 3:20 pm
 
Forum: Personal Consumer Issues
Topic: Tempurpedic mattress--worth price? Finance it?
Replies: 63
Views: 8694
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