Search found 11 matches

by Rmats
Mon Apr 17, 2017 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Accidental landlord turning to for sale by owner
Replies: 29
Views: 2750

Re: Accidental landlord turning to for sale by owner

Keep in mind if you go with a fixed fee broker to get on the MLS you'll still most likely be responsible for the buyers agent commission. While the MLS is the best source, Zillow and Realtor.com both get lots of traffic in most markets. I would definitely wait till it's vacant and clean to show it. ...
by Rmats
Mon Mar 20, 2017 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Overextending by buying? How much house to buy?
Replies: 57
Views: 4716

Re: Advice: Overextending by buying? How much house to buy?

Thanks for the advice! I'd love to know when you might recommend buying (more like October-Feb? or?). Also, what would be your reccs on places to look (Campbell? West San Jose? Sunnyvale?) Thanks! While it is true there are other school options, it seems that homes in the better school districts te...
by Rmats
Mon Mar 20, 2017 11:02 am
Forum: Investing - Help with Personal Investments
Topic: Advice for moving from financial advisor
Replies: 11
Views: 872

Re: Advice for moving from financial advisor

Rmats, sounds like everything is on it's way to Vanguard, and as I understand it, you are transferring a tax-advantaged account and a taxable account.Were assets sent directly to Vanguard? First off, I hope this does not get messed up because of sending two different accounts at one time. Second, h...
by Rmats
Mon Mar 20, 2017 9:42 am
Forum: Investing - Help with Personal Investments
Topic: Advice for moving from financial advisor
Replies: 11
Views: 872

Re: Advice for moving from financial advisor

Thanks for everything so far. To clarify, everything is coming over in kind and almost all in a taxable account. I've got all transfer information as far as initial purchase times and most everything is under long term. Not sure what fees are like, thankfully it looks like there is no back end load....
by Rmats
Mon Mar 20, 2017 12:10 am
Forum: Investing - Help with Personal Investments
Topic: Rental Property
Replies: 8
Views: 803

Re: Rental Property

Check out https://www.biggerpockets.com. They have a pretty good community. The Fed is expected to increase rates again twice this year so now is a good time to lock in a low rate.
by Rmats
Sun Mar 19, 2017 11:39 pm
Forum: Investing - Help with Personal Investments
Topic: Advice for moving from financial advisor
Replies: 11
Views: 872

Advice for moving from financial advisor

Newly married and able to convince my wife to move her assets away from her financial advisor. She was paying 1.25% AUM to hold funds with basis points between 70-120 at an allocation of 70% bonds (she's 37). I've always held my accounts at Vanguard and nearly gagged when I saw what she was paying a...
by Rmats
Sun Mar 19, 2017 11:13 pm
Forum: Personal Finance (Not Investing)
Topic: Advice on renting versus selling, in light of student loans
Replies: 5
Views: 384

Re: Advice on renting versus selling, in light of student loans

Few notes I takeaway: 1) You may have income that'd be more $250k (if spouse finds a job) 2) Your cushion for renting out your condo is only $150/month. Very slim. Means you have to find a renter ASAP and hope there's no turnover. 3) Your student loans concern me - Unlike mortgage interest, they're...
by Rmats
Sun Mar 19, 2017 10:57 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home for the first time (mortgages!)
Replies: 13
Views: 1820

Re: Buying a home for the first time (mortgages!)

Congrats on the accepted offer. I'm a Broker in CA, so not familiar with your market, but can offer some general guidance. There will be a difference between a builder deposit and earnest money generally. Usually for new constructions the builder will ask for the builder deposit. This is because the...
by Rmats
Sun Mar 19, 2017 1:52 pm
Forum: Personal Consumer Issues
Topic: Buying house - what should I expect from real estate agent
Replies: 10
Views: 653

Re: Buying house - what should I expect from real estate agent

The days of agents exclusively representing sellers is long gone with representation for both parties now standard. Definitely a good thing as it eliminates a huge conflict of interest. To the original question, you should definitely look around for a different agent. RE agents get a healthy commiss...
by Rmats
Sun Mar 19, 2017 2:15 am
Forum: Personal Finance (Not Investing)
Topic: Advice: Overextending by buying? How much house to buy?
Replies: 57
Views: 4716

Re: Advice: Overextending by buying? How much house to buy?

We are in a similar income range in another HCOL area and kept our mortgage at less than 2x income for a couple of reasons. It gives us flexibility so that we can change jobs or take a lower paying job/ go part time. I'd also like the option of paying my mortgage off early and am not comfortable wi...
by Rmats
Sat Mar 18, 2017 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Advice: Overextending by buying? How much house to buy?
Replies: 57
Views: 4716

Re: Advice: Overextending by buying? How much house to buy?

With your income and given you're relatively new to the area I would rent and wait on a home purchase. You could easily save quite a bit to add to your down payment which would make a huge difference in putting together a competitive offer within our real estate market. Without knowing your timeline...

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