Search found 837 matches

by hand
Tue Jul 19, 2016 9:21 am
Forum: Personal Consumer Issues
Topic: HOA Swimming Pool Trespassing Issue
Replies: 100
Views: 6702

Re: HOA Swimming Pool Trespassing Issue

Sharks with laser beams attached to their heads.
by hand
Mon Jul 18, 2016 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 133
Views: 11284

Re: Evicting a tenant-Hire lawyer?

She scheduled a time to remove her belongings for yesterday morning. 15 minutes before we're supposed to meet, she claims she can't find a moving truck available until tomorrow and wanted to reschedule for today. I called the local U-Haul (2 miles away from unit) and reserved a 15/17 foot truck for...
by hand
Mon Jul 18, 2016 2:08 pm
Forum: Personal Consumer Issues
Topic: Big home project -- credit and credit card?
Replies: 2
Views: 247

Re: Big home project -- credit and credit card?

With $75k in spend going through HD, is it possible for you to be set up as a contractor at HD rather than a consumer?

Also look into their volume pricing discounts:

http://www.homedepot.com/c/Pro_VolumePricing
by hand
Sat Jul 16, 2016 3:28 pm
Forum: Personal Consumer Issues
Topic: How do you find a tenant for rental house?
Replies: 37
Views: 1971

Re: How do you find a tenant for rental house?

I've had good luck with Zillow and a sign in the window/ yard. While it may seem attractive to delegate (at a cost) to a realtor, screening tenants to find one you're willing to trust with your really expensive real-estate is too important in my opinion to trust to someone else. Even worse, most &qu...
by hand
Thu Jul 14, 2016 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: taking back a mortgage
Replies: 27
Views: 2585

Re: taking back a mortgage

I know lots of people on H1-B visas who have mortgages. If he has a steady job, he should be able to manage it himself. An H1-B is generally for a maximum of 6 years, so I have no idea why they would be buying a house or why someone would give them a mortgage. Unless they are married to a citizen a...
by hand
Wed Jul 13, 2016 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 133
Views: 11284

Re: Evicting a tenant-Hire lawyer?

Thanks for the update!

Have you determined how you are required to handle her stuff?
In many jurisdictions there are requirements above and beyond just sending it to the dump.
I recall hearing that paying to move to a storage locker is a common solution.
by hand
Mon Jul 11, 2016 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Refi to 30 yr mortgage + 403b + Housing Allowance?
Replies: 3
Views: 286

Re: Refi to 30 yr mortgage + 403b + Housing Allowance?

Will refinancing the mortgage increase assets under management & fees for the advisor?

If so, the advice is seriously suspect, as the advisor is likely putting their interests in front of than yours.
by hand
Mon Jul 11, 2016 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Selling A Car that Needs A Paint Job
Replies: 13
Views: 860

Re: Selling A Car that Needs A Paint Job

On one hand, car reseller can do a better / cheaper job of repainting than you can. On the other hand, visible damage a) raises questions of what else is wrong / how poorly was this vehicle treated and b) used car dealers are good at negotiating down based on visible defects. A passable paint job sh...
by hand
Sun Jul 10, 2016 11:01 am
Forum: Personal Finance (Not Investing)
Topic: HELOC for emergency and when you would use it
Replies: 32
Views: 2085

Re: HELOC for emergency and when you would use it

Worth reading this relevant post from someone who actually worked at a credit union during 2008/2009 and was involved in "adjusting" credit lines. https://www.bogleheads.org/forum/viewtopic.php?f=1&t=195017&newpost=2973318#p2973318 A HELOC is a great liquidity tool so you don't hav...
by hand
Sat Jul 09, 2016 12:09 pm
Forum: Personal Consumer Issues
Topic: Home inspection items for repair
Replies: 32
Views: 1784

Re: Home inspection items for repair

And compared to a longtime resident homeowner who has taken pride in his home, well, there is no comparison . I rarely use the cheapest service, I use the best quality. I frequently upgrade materials. Everything is done exactly to code or greater. I get every permit. Longevity of the materials and ...
by hand
Fri Jul 08, 2016 6:21 pm
Forum: Personal Consumer Issues
Topic: Home inspection items for repair
Replies: 32
Views: 1784

Re: Home inspection items for repair

Can't believe all the replies to run away. This is small potatoes. The mold could be a bit of work to root-cause and resolve, the rest is super easy. In normal circumstances, these are likely small potatoes issues. When you find these issues in a house that has been "rehabbed" by a flippe...
by hand
Fri Jul 08, 2016 2:08 pm
Forum: Personal Consumer Issues
Topic: 2000 Honda Accord - Wheel Bearing Cost$ 300!!!
Replies: 48
Views: 3007

Re: 2000 Honda Accord - Wheel Bearing Cost$ 300!!!

300 bucks. If you are going to keep driving the vehicle , get it done. I would have put 3 exclamation marks behind 3,000!!! Not 300. :mrgreen: :mrgreen: What can you say?? I am cheap b****ard. I applaud (and resemble) the sentiment, but unless you plan to do labor yourself, or are confident in supp...
by hand
Fri Jul 08, 2016 1:45 pm
Forum: Personal Consumer Issues
Topic: Home inspection items for repair
Replies: 32
Views: 1784

Re: Home inspection items for repair

If you have the seller make repairs, there is no way to guarantee they'll do a good job. If a flip, the sellers are likely expert at doing the bare minimum to make the sale, making it more likely you'll end up with shoddy work. If you're serious about moving forward, get quotes for the required work...
by hand
Fri Jul 08, 2016 1:33 pm
Forum: Investing - Help with Personal Investments
Topic: Help Me Understand My Edward Jones Broker
Replies: 30
Views: 1729

Re: Help Me Understand My Edward Jones Broker

You're getting lost in the numbers. Your Edward Jones Broker is dead simple to understand: Your EJ advisor is in business to make money. You have money. He (and EJ) are heavily incented to make whatever complex, biased, bogus arguments it takes to keep your money and annual fees with EJ. Is he a fid...
by hand
Fri Jul 08, 2016 1:21 pm
Forum: Personal Finance (Not Investing)
Topic: Home Rebuilding Cost Estimate
Replies: 24
Views: 1849

Re: Home Rebuilding Cost Estimate

Insurance company likely has a financial interest in increasing your premiums paid so you are right to be suspicious. Insurance profits are increased by overcharging and underpaying. That being said, cost to rebuild could very well be greater than your cost to buy: 1) Rebuild after disaster requires...
by hand
Fri Jul 08, 2016 11:42 am
Forum: Investing - Help with Personal Investments
Topic: Pay off rental or not?
Replies: 17
Views: 1626

Re: Pay off rental or not?

CAP rate?? Capitalization Rate = Net Operating Income / Current Market Value http://www.investopedia.com/terms/c/capitalizationrate.asp Note Net Operating Income (NOI) is likely very different than cash flow as includes increase to equity as you pay down your mortgage as well as depreciation of the...
by hand
Fri Jul 08, 2016 8:09 am
Forum: Investing - Help with Personal Investments
Topic: Pay off rental or not?
Replies: 17
Views: 1626

Re: Pay off rental or not?

There are really two separate decisions to be made here: 1) Is this a good investment going forward, 2) If I keep the rental, how should I finance (cash vs. debt). The fact that the property is cash flow neutral today tells us very little about the investment. CAP rate is a common way to look at the...
by hand
Wed Jun 29, 2016 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC for emergency and when you would use it
Replies: 32
Views: 2085

Re: HELOC for emergency and when you would use it

HELOCs are great sources of liquidity for those who have the majority of their assets tied up in their house and investments / retirement accounts. HELOCs have significant limitations as an emergency fund (though if free, few reasons not to set up). What will the bank do to your HELOC if you encount...
by hand
Wed Jun 29, 2016 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Buying Agent works for same company that represents Seller
Replies: 8
Views: 612

Re: Buying Agent works for same company that represents Seller

Looking at the contract (initial offer), I noticed that my buying agent works for same "big name" real estate company that is representing the seller, HOWEVER, he is not the seller's agent. Is this a problem? More important than whether the agents work for the same "big name" is...
by hand
Fri Jun 24, 2016 9:12 am
Forum: Personal Finance (Not Investing)
Topic: What comes first when I finally have money
Replies: 24
Views: 3103

Re: What comes first when I finally have money

New(ish) to the world of personal finance. I am a professional-in-training, and currently have an income of around 60,000/yr. In a little over a year that income will jump to about 400K/yr, at the very worst 350K/yr barring some major personal disaster. Advice not asked for, but don't forget the di...
by hand
Wed Jun 22, 2016 4:09 pm
Forum: Personal Finance (Not Investing)
Topic: Should I express my inheritence thoughts to my father?
Replies: 78
Views: 5587

Re: Should I express my inheritence thoughts to my father?

Not sure what you gain by expressing your thoughts to your father. Best practice is to live your life as if there is no inheritance coming and be pleasantly surprised if you come into money later. Your parent's estate is theirs to do with as they see fit. If this issue continue to bother you (and it...
by hand
Tue Jun 21, 2016 9:29 pm
Forum: Personal Consumer Issues
Topic: House hunting, tips and why do people list houses too high?
Replies: 41
Views: 3848

Re: House hunting, tips and why do people list houses too high?

Another house that I like is out of my price range, but Zillow itself rates it lower price by $50K or so and the assessed (tax) value is lower still. I mean it the price was 20% less, it'd be smack in my price range. And it's been on the market for 6 months. What would be my tactic which I could bu...
by hand
Tue Jun 21, 2016 8:58 am
Forum: Personal Finance (Not Investing)
Topic: Should I use this realtor?
Replies: 27
Views: 2011

Re: Should I use this realtor?

My mother purchased a home last year and used a realtor who is a friend of hers. They are not close friends, just know each other from a workout class. As a side note "knowing each other from a workout class" is hardly a confidence inspiring way to hire someone to take a large percentage ...
by hand
Tue Jun 21, 2016 8:37 am
Forum: Personal Finance (Not Investing)
Topic: Should I use this realtor?
Replies: 27
Views: 2011

Re: Should I use this realtor?

If you are confident that you want *this* house, the conflict of interest of dual agency is likely to work in your favour as a buyer. If you need a realtor to identify and recommend good houses for you and your family, dual agency may not be ideal, as this agent will likely push you to buy this part...
by hand
Tue Jun 21, 2016 8:23 am
Forum: Personal Consumer Issues
Topic: Where (safely and legally) to keep "cash"?
Replies: 78
Views: 5274

Re: Where (safely and legally) to keep "cash"?

Put a few thousand dollars under the floor tiles (or whatever surface you have) in your bathroom. My grandfather did that in the 70s, then forgot about it for 22 years. When he and my grandmother decided to remodel the bathroom, they found all that money and then used it to pay someone to redo the ...
by hand
Thu Jun 16, 2016 3:22 pm
Forum: Personal Consumer Issues
Topic: To paint our wood trim or not?
Replies: 82
Views: 4347

Re: To paint our wood trim or not?

Thinking slightly outside the box... if $4-5k simply to prep and paint trim, what about pricing out re-trimming with a more upscale profile in primed wood. Depending on size of the house, it might not cost much more to end up with something nicer than builder grade trim repainted white. Personally, ...
by hand
Thu Jun 16, 2016 8:18 am
Forum: Personal Consumer Issues
Topic: To paint our wood trim or not?
Replies: 82
Views: 4347

Re: To paint our wood trim or not?

Painting wood trim / windows / doors is a labour and cost intensive decision to cover over better quality wood that someone paid a premium for vs. cheaper paint quality wood. As an end result you will end up with a clean modern look that many really like. If you had great quality wood trims that wer...
by hand
Thu Jun 09, 2016 1:09 pm
Forum: Personal Finance (Not Investing)
Topic: Discount for all cash offer [on house]
Replies: 40
Views: 2705

Re: Discount for all cash offer [on house]

Thanks for the update and congratulations! My thoughts on cash offers as follows: Cash offers have real value in many situations: 1) Cash offer allows for quick close which may be desired by seller 2) Cash offer allows for sale above likely appraised value allowing sale to go through as agreed in st...
by hand
Thu Jun 09, 2016 12:58 pm
Forum: Personal Consumer Issues
Topic: New Truck?
Replies: 46
Views: 3120

Re: New Truck?

If the truck was for personal use, I would consider fixing it, but it's your livelihood, assuming you can afford a new truck, it doesn't seem like the right thing to cheap out on. I would go buy a new truck so you can get back to work, and then spend the next few weeks figuring out the best plan of...
by hand
Thu Jun 09, 2016 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: HVAC Upgrades When Old Systems Still Work?
Replies: 16
Views: 1337

Re: HVAC Upgrades When Old Systems Still Work?

To answer your repair vs. replace question, you really need to focus on your goals... If this is simply a financial decision, the answer is likely to accept the small risk of failure and run at least through the end of this cooling season using the time to evaluate whether your current A/C is sized ...
by hand
Mon Jun 06, 2016 11:21 am
Forum: Personal Finance (Not Investing)
Topic: How to live on $110,000 less income each year?
Replies: 104
Views: 11090

Re: How to live on $110,000 less income each year?

Not sure I agree with your premise or your math... Focusing on matching someone else's lifestyle is a losing proposition, better to focus on what makes sense in terms of income, savings and lifestyle for you given your current / future situation. On the math front, you are missing the major impact o...
by hand
Mon Jun 06, 2016 9:29 am
Forum: Personal Consumer Issues
Topic: Nuts & Bolts - hardware question
Replies: 40
Views: 2550

Re: Nuts & Bolts - hardware question

I've been happy with boltdepot.com online, and made a small investment in a couple of bolt/nut/washer assortments to increase likelihood that I have what I need without a separate trip to the hardware store. That being said, I second the recommendations to go to your nearest full service hardware st...
by hand
Tue May 31, 2016 4:46 pm
Forum: Personal Consumer Issues
Topic: When to get first car service done
Replies: 70
Views: 3492

Re: When to get first car service done

Car companies are measured heavily on "True Cost to Own" over the first 100k miles, by decreasing cost to own over the first 100k by skimping on oil changes, they can sell more cars even if it means decreasing reliability of the car sometime after 100k miles. The average person drives app...
by hand
Tue May 31, 2016 1:13 pm
Forum: Personal Finance (Not Investing)
Topic: Sell Rental to Pay Off House?
Replies: 23
Views: 1842

Re: Sell Rental to Pay Off House?

Missing from the financial data provided is any view into the on-going financial viability of the condo complex. Is this a complex with a worn roof, failing facade and other imminent common expenses bearing high risk of a substantial one-time assessment? Alternately, is this a well maintained buildi...
by hand
Tue May 31, 2016 11:28 am
Forum: Personal Consumer Issues
Topic: When to get first car service done
Replies: 70
Views: 3492

Re: When to get first car service done

I have a hard time following this type of reasoning. It makes no sense for a manufacturer to recommend a poor servicing schedule. Poorly serviced cars are unreliable and people won't be repeat buyers if they view the car they had as reliable. Believe me I know. I had a VW which I kept pristine when...
by hand
Fri May 27, 2016 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Exclusivity and Real Estate Agents. Agree or Disagree?
Replies: 58
Views: 3730

Re: Exclusivity and Real Estate Agents. Agree or Disagree?

Excellent discussion re: co-opting the listing agent with a 3.5% commission. Regardless of whether you feel this is a 0.5% bonus or a 2.5% reduction to the listing agent, what are some specific strategies on how to "ask" for this type of deal? Call the listing agent and, during this phone...
by hand
Tue May 24, 2016 8:17 pm
Forum: Investing - Help with Personal Investments
Topic: Need Moral Support for FA Breakup!
Replies: 68
Views: 5110

Re: Need Moral Support for FA Breakup!

Congratulations on sticking to your guns, even if the process wasn't as straightforward as you hoped!

Suggest engaging with the low cost vendor of your choice to initiate a transfer in kind ASAP.

Good luck staying strong!
by hand
Mon May 23, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Exclusivity and Real Estate Agents. Agree or Disagree?
Replies: 58
Views: 3730

Re: Exclusivity and Real Estate Agents. Agree or Disagree?

You haven't said whether you are buying or selling. Since you are talking about using 2-3 agents I am guessing you are a buyer? I don't see why you would use more than one buyer's agent unless you were looking in different geographical areas. You should strongly prefer to have your own (buyer's) ag...
by hand
Mon May 23, 2016 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 133
Views: 11284

Re: Evicting a tenant-Hire lawyer?

Good to hear the place looks fine. If the funds do show up, will you cancel the eviction? If you do cancel it, will you charge her fees for the process? I would charge late fees, any fees involved in the posting and eviction, plus a $200 administrative fee for my headaches (or I would at least take...
by hand
Mon May 23, 2016 10:14 am
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 133
Views: 11284

Re: Evicting a tenant-Hire lawyer?

Correct. I believe the only reason she did this is due to the fact I posted a notice on her door the night prior. She acknowledged the mistake and claimed $2.6K will be in my hands by Tuesday. I'll believe it when I see it. Lawyer will continue to move forward until all funds have cleared. Does thi...
by hand
Sat May 21, 2016 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Buying our 1st House. What do you do when you can only put down 15% instead of 20%?
Replies: 56
Views: 4029

Re: Buying our 1st House. What do you do when you can only put down 15% instead of 20%?

If you insist on buying, a 401k loan is a good option. I only have around 20k in my 401k. Didn't start 401k till 2 years ago. You're burying the lede here - while there are several financing alternatives should you be just short of 20% down on a house (Home Equity Loan, Personal Loan, 401(k) loan, ...
by hand
Fri May 13, 2016 7:58 am
Forum: Personal Finance (Not Investing)
Topic: Do all Boglesheads die at 100?
Replies: 51
Views: 6194

Re: Do all Boglesheads die at 100?

While I hope to live past 100, I'm really only planning for 100 for fear of leaving too much on the table should I die earlier.

Is there a product to insure against the risk of outliving X years AND running out of money?
I'd think insurance for those living past 100 shouldn't be too expensive?
by hand
Wed May 11, 2016 8:44 am
Forum: Personal Finance (Not Investing)
Topic: Tenant stops paying rent and refuses to show the house for prospective buyers
Replies: 43
Views: 8399

Re: Tenant stops paying rent and refuses to show the house for prospective buyers

Fortunately, I had collected the last month's rent in advance. The bigger issue is that I had spoken to the current tenant who had agreed to showings of the home in exchange for some financial incentives. The person now refuses to answer phone calls or texts from me or my realtor and I'm unable to ...
by hand
Wed May 11, 2016 7:41 am
Forum: Personal Finance (Not Investing)
Topic: Tenant stops paying rent and refuses to show the house for prospective buyers
Replies: 43
Views: 8399

Re: Tenant stops paying rent and refuses to show the house for prospective buyers

You need a new, engaged landlord/tenant lawyer based in Ohio NOW. Good news is that non-payment of rent is probably the easiest way to get rid of an unwanted tenant. Bad news is that in order to evict, you likely need to serve proper notice of non-payment, notice of eviction due to non-payment, wait...
by hand
Tue May 10, 2016 11:11 am
Forum: Personal Finance (Not Investing)
Topic: Rent Prior to Closing
Replies: 5
Views: 530

Re: Rent Prior to Closing

Another risk is that by living in the house, the family will find issues with the house they wouldn't otherwise notice. I'd suggest either an above market rent with excess credited against purchase, or a large earnest payment to protect your interests. Also worth considering is impact of converting ...
by hand
Tue May 03, 2016 10:06 am
Forum: Personal Consumer Issues
Topic: buyer's broker
Replies: 10
Views: 609

Re: buyer's broker

As a follow up question. It seems that most agencies/brokers are willing to work in various roles (seller's broker, buyer's broker, transaction broker, etc.). The National Association of Exclusive Buyers Agents (http://naeba.org/find-buyer-agent) makes the argument that a buyer should work with an ...
by hand
Tue May 03, 2016 9:42 am
Forum: Personal Consumer Issues
Topic: buyer's broker
Replies: 10
Views: 609

Re: buyer's broker

- The seller's agent has an incentive to prefer to sell to someone without a buyer's agent. I have heard that in some cases, a buyer loses out due to the seller favoring an offer from someone without a buyer's agent, in some cases even giving up some of their commission (but not as much as they wou...
by hand
Tue May 03, 2016 9:00 am
Forum: Personal Consumer Issues
Topic: Best drill/driver for home use
Replies: 67
Views: 4820

Re: Best drill/driver for home use

Drill / Driver sets (incl. battery & charger) are pretty standard deals to entice you to a cordless tool ecosystem. Father's day is a likely time for sales on these types of sets. For the small incremental cost, I would absolutely recommend the separate impact driver which will do a much better ...
by hand
Fri Apr 29, 2016 1:00 pm
Forum: Personal Finance (Not Investing)
Topic: Young Male Living with Parents
Replies: 83
Views: 4983

Re: Young Male Living with Parents

Just remember, when broke people are making fun of your financial plan, you're on the right track! :beer This is a great line, and applicable to the OP. If you want exceptional results, you need to do something different than the crowd. If you have a financial plan and are successfully executing wi...
by hand
Tue Apr 19, 2016 8:35 am
Forum: Personal Consumer Issues
Topic: Law School Advice
Replies: 89
Views: 7998

Re: Law School Advice

What is your daughter's employment goal after finishing law school? If she intends to end up in the public sector, or continue to teach, low cost may trump other options. If she intends to end up in biglaw or some other high paying job, it is probably worth a sanity check regarding likelihood of suc...

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