Search found 863 matches

by hand
Fri Aug 26, 2016 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Help me find a new mortgage lender.
Replies: 9
Views: 935

Re: Help me find a new mortgage lender.

I understand the reluctance to pay closing costs, since they do not feel like they are paying off the mortgage. But from the lender's perspective the costs are there. When they offer lower closing costs what they are really ding is taking the payment in the form of a higher interest rate. You may f...
by hand
Thu Aug 25, 2016 2:25 pm
Forum: Personal Consumer Issues
Topic: Honda maintenance schedule?
Replies: 49
Views: 3032

Re: Honda maintenance schedule?

[quote="CFM300] The upcoming MM service codes were "B-1", which does NOT include a transmission fluid change. However, the dealer recommended that I have the transmission fluid changed. He said it was part of "their" 30,000 mile service. My inclination is to NOT have the tra...
by hand
Wed Aug 24, 2016 3:20 pm
Forum: Personal Consumer Issues
Topic: Honda maintenance schedule?
Replies: 49
Views: 3032

Re: Honda maintenance schedule?

Ask dealer to check software versions and update if free.
Also ask if any outstanding recall items that can be addressed for free.
by hand
Tue Aug 23, 2016 12:41 pm
Forum: Personal Consumer Issues
Topic: Homeowners insurance recommendations - MA
Replies: 22
Views: 979

Re: Homeowners insurance recommendations - MA

Regional companies are riskier than national companies because they concentrate geographical risk. When the next 100-year hurricane hits Massachusetts, the reinsurance and CAT bonds may not be enough to cover the damage. A regional insurer would be more likely to exhaust its reserves than a nationa...
by hand
Tue Aug 23, 2016 7:18 am
Forum: Personal Finance (Not Investing)
Topic: Re-finance? (Finish minor upgrades before?)
Replies: 9
Views: 709

Re: Re-finance?

Your current rate with is terrible in the current mortgage market. Chase has proactively offered you a bad rate in hopes that you are too lazy / dumb to comparison shop and refinance into a market rate. Recommend you check some more competitive lenders before signing with Chase. Mortgage rates vary ...
by hand
Fri Aug 19, 2016 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Christine Benz: "401(k) Loans: Mythbusters Edition"
Replies: 16
Views: 2173

Re: Christine Benz: "401(k) Loans: Mythbusters Edition"

Lots and lots of negatives to 401(k) loans, especially for those unable to manage debt, and those unable to plan ahead, and those unable to work within the fine print of a 401(k) loan. That being said, like many dangerous tools, there are legitimate and positive uses. For people who have overcontrib...
by hand
Thu Aug 18, 2016 2:01 pm
Forum: Personal Consumer Issues
Topic: Security Deposit on Rental Home Question [How long to wait for its return]
Replies: 9
Views: 469

Re: Security Deposit on Rental Home Question [How long to wait for its return]

Your specific state should have a law regarding time to account for / return security deposit.
by hand
Wed Aug 17, 2016 10:50 am
Forum: Personal Finance (Not Investing)
Topic: High Net Worth Life Insurance Questions
Replies: 42
Views: 2507

Re: High Net Worth Life Insurance Questions

Apologies if this question is wildly off base, but as one unfamiliar with high net worth issues, are you sure you need life insurance? Personally, I look forward to the day I have enough saved that I can do away with life insurance without fear my family will go hungry / homeless / uneducated / lowe...
by hand
Wed Aug 17, 2016 8:21 am
Forum: Personal Consumer Issues
Topic: Has your workplace transitioned to "open/collaborative space?"
Replies: 85
Views: 7327

Re: Has your workplace transitioned to "open/collaborative space?"

It's just another sign that the U.S. lifestyle is on the fast track to third world conditions. Not sure this is fair - I see it more as 1) reaction to the changing ratio between cost of labor and cost of real estate, 2) Increased reliance on partial work from home arrangement - why have an expensiv...
by hand
Tue Aug 16, 2016 9:06 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance - Best Online marketplace / vendor
Replies: 9
Views: 627

Re: Refinance - Best Online marketplace / vendor

Thanks all for the feedback, especially the experiences with specific lenders / marketplaces and the suggestions to specifically try regional banks for good refinance rates. To clarify a couple of points raised above: 1) I'm exclusively looking at no fee refinance at rate below 3.25% with hopes of c...
by hand
Tue Aug 16, 2016 8:46 am
Forum: Personal Finance (Not Investing)
Topic: Refinance - Best Online marketplace / vendor
Replies: 9
Views: 627

Refinance - Best Online marketplace / vendor

Hi All, I'm looking to refinance my conforming (<$417k) mortgage from the current 30 year @ 3.25% with hopes of improving the rate. Stats are about as good as they can get while still needing a mortgage - ~60% LTV, 800+ credit scores, two stable jobs, and low debt to income. I've had good luck in th...
by hand
Mon Aug 15, 2016 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Double Income No Kids (but expect kids in future) - How much home can we afford?
Replies: 28
Views: 2743

Re: Double Income No Kids (but expect kids in future) - How much home can we afford?

Put off buying as long as possible until you actually need a house / neighbourhood / schools for your kid.
Use the second income to save a large downpayment, but only buy a house requiring a mortgage that a single income can cover.
by hand
Tue Aug 09, 2016 1:41 pm
Forum: Personal Finance (Not Investing)
Topic: Will realtor advise on needed improvements for home sale?
Replies: 38
Views: 1974

Re: Will realtor advise on needed improvements for home sale?

The answer to the OP's question is: yes, a good real estate agent will help you sort through the options to help you decide on what to do (if anything) to get the house ready for market. Find an agent who regularly does business in the neighborhood in question for the most accurate and detailed adv...
by hand
Fri Aug 05, 2016 7:08 am
Forum: Personal Finance (Not Investing)
Topic: Selling 1/2 share of home advice
Replies: 13
Views: 948

Re: Selling 1/2 share of home advice

It seems like part of the problem is that the sibling is getting to use half of the house today for free. Unsurprisingly, it is not worth much to the sibling to purchase what they already get for free. Is there any way to change this? Rather than selling half of the house, what about renting to some...
by hand
Thu Aug 04, 2016 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Has Anyone Filed a Formal Complaint Against a Real Estate Licensee
Replies: 30
Views: 2190

Re: Has Anyone Filed a Formal Complaint Against a Real Estate Licensee

My initial thought was (back when it was occurring) could you have called the police for burglary, or breaking and entering as you owed the home and he entered without permission. In hindsight, my agent probably should have called the police for vandalism. He had permission to be on the property fo...
by hand
Tue Aug 02, 2016 12:59 pm
Forum: Personal Consumer Issues
Topic: Should I flip my neighbor's house to save the neighborhood?
Replies: 72
Views: 6631

Re: Should I flip my neighbor's house to save the neighborhood?

If buying it, hiring a contractor to do the work and "flipping it" would be "profitable" (or at a minimum break even) for YOU (who are not in this business), then why wouldn't a "professional" who is IN this business already have doe this? This is a great point... Also...
by hand
Tue Aug 02, 2016 11:04 am
Forum: Personal Consumer Issues
Topic: Should I replace my hot water heater?
Replies: 15
Views: 1140

Re: Should I replace my hot water heater?

Here's the scenario, we are moving to our fishing camp down at Lake Barkley. My house in Indiana which is paid for, is 22 years old.... Just to make sure that you know that if you have been living in the house for a long time you likely qualify for a homeowners capital gains exemption and can sell ...
by hand
Mon Aug 01, 2016 9:25 am
Forum: Personal Finance (Not Investing)
Topic: Advice on Real Estate Deal
Replies: 22
Views: 1162

Re: Advice on Real Estate Deal

The home would be sold to us before it hits the market FSBO (small town, friend of a friend deal) for about 9-12% less than comp sales and the price a realtor suggested the owner list for. Based on those market numbers, that could represent about $60,000 in up front equity. We would snatch it up no...
by hand
Fri Jul 29, 2016 3:51 pm
Forum: Personal Consumer Issues
Topic: Car lease when unemployed
Replies: 15
Views: 1060

Re: Car lease when unemployed

Only your dealer can answer for "certain;" probably worth a call rather than wading through all the idle speculation.

My bet is that it is harder / more expensive to get a lease without W2 income than with easily documentable income.

Please do let us know what you learn.
by hand
Fri Jul 29, 2016 9:58 am
Forum: Personal Consumer Issues
Topic: Refi to a 15 with 15 years to retirement?
Replies: 14
Views: 1274

Re: Refi to a 15 with 15 years to retirement?

A couple of thoughts: 1) Current lender is unlikely to bid against themselves to improve your mortgage - in the past, the worst offers I've gotten have been from the incumbent lender 2) Your comparison of the proposed 15 year mortgage shouldn't be against your existing 30 yr @3.75% loan, but against...
by hand
Fri Jul 29, 2016 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Evicting a tenant-Hire lawyer?
Replies: 161
Views: 15363

Re: Evicting a tenant-Hire lawyer?

As a soon to be former landlord (sale pending!), I'd like to offer my thanks for the continued updates and the commitment to holding the tenant accountable for their actions. By not allowing the "professional tenant" to get away with it, you not only save other landlords some grief, but yo...
by hand
Wed Jul 27, 2016 1:55 pm
Forum: Personal Consumer Issues
Topic: Do Realtors Find FSBOs?
Replies: 63
Views: 4081

Re: Do Realtors Find FSBOs?

Listing looks good, but a couple quick comments: 1) Rather than the open-ended offer to pay "buyer's commission," suggest offering "X% buyer's agent commission". (however this effectively discounts your price by X%; Zillow is used by buyers, not agents, probably no need to addres...
by hand
Wed Jul 27, 2016 11:55 am
Forum: Personal Consumer Issues
Topic: Do Realtors Find FSBOs?
Replies: 63
Views: 4081

Re: Do Realtors Find FSBOs?

Yes, Realtors find FSBOs, but mostly just hungry realtors prospecting for listings rather than the realtors who have buyers interested in your house. If your goal is to attract realtors with buyers, you either need to get the realtors interested themselves (offer a market or market+ commission) or g...
by hand
Wed Jul 27, 2016 7:56 am
Forum: Personal Consumer Issues
Topic: Gas grill recommendations please
Replies: 52
Views: 2275

Re: Gas grill recommendations please

Weber with aftermarket / upgraded stainless steel flavorizer bars and grates.
by hand
Tue Jul 26, 2016 4:15 pm
Forum: Investing - Help with Personal Investments
Topic: How to manage 120K in taxable account
Replies: 11
Views: 1207

Re: How to manage 120K in taxable account

Are you sure you are maxing out all tax deferred options? You mention the biggies (401(k), Roth, "etc"), but there are other options you didn't explicitly address: Roth 401(k) HSA I-Bonds 529 (and other education savings accounts, that may be usable for "educational" tours and tr...
by hand
Tue Jul 26, 2016 3:55 pm
Forum: Personal Consumer Issues
Topic: Winter Tires: Yay or Nay
Replies: 105
Views: 5553

Re: Winter Tires: Yay or Nay

I tend to think of the winter tire decision more holistically: 1) Do I want increased start / stop ability in snow & cold weather 2) Do I want summer / highway optimized tires for the warmer months 3) Am I willing to deal with the hassle of storage 4) How critical and avoidable are my snowstorm ...
by hand
Tue Jul 19, 2016 9:21 am
Forum: Personal Consumer Issues
Topic: HOA Swimming Pool Trespassing Issue
Replies: 100
Views: 7037

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: 161
Views: 15363

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: 269

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: 2166

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: 2657

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: 161
Views: 15363

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: 305

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: 904

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: 38
Views: 2581

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: 1855

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: 1855

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: 3089

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: 1855

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: 1803

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: 1894

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: 1670

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: 1670

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: 38
Views: 2581

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: 635

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: 3137

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: 5861

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: 3904

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: 2045

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: 2045

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...

Go to advanced search