Search found 802 matches

by hand
Fri May 27, 2016 6:28 am
Forum: Personal Finance (Not Investing)
Topic: Exclusivity and Real Estate Agents. Agree or Disagree?
Replies: 56
Views: 3167

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: 4722

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: 56
Views: 3167

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: 50
Views: 4438

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: 50
Views: 4438

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: 3640

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: 5887

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: 8170

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: 8170

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: 497

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: 548

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: 548

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: 4446

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: 4686

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: 7615

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...
by hand
Mon Apr 18, 2016 3:07 pm
Forum: Investing - Theory, News & General
Topic: Emergency fund needed?
Replies: 17
Views: 1725

Re: Emergency fund needed?

Your point is well taken. I am not overly concerned with a sudden huge stock market crash. I have and monitor GTC sell orders on all my holdings at 5 to 8% reduction from their highs (while I've held them). In case of a market panic, where do you estimate these trades would actually execute? Not ob...
by hand
Mon Apr 18, 2016 1:26 pm
Forum: Investing - Theory, News & General
Topic: Emergency fund needed?
Replies: 17
Views: 1725

Re: Emergency fund needed?

I like the HELOC (home equity line of credit). I can write a check for $15,000 - say a replacement vehicle - and figure out the details of how much from which account over the next few days. Interest charge is daily rate so it costs almost nothing to borrow 10K for 5 or 10 days. HELOC and other lin...
by hand
Mon Apr 18, 2016 12:11 pm
Forum: Investing - Theory, News & General
Topic: Emergency fund needed?
Replies: 17
Views: 1725

Re: Emergency fund needed?

It is probably worth a bit of your time to consider the range of possible emergencies you want to prepare for (including "unknown"), the cost and timetable to address those emergencies. If you find that your list includes only items that require cash 3-5 business days in the future, and is...
by hand
Mon Apr 18, 2016 10:13 am
Forum: Personal Consumer Issues
Topic: Buying the most expensive house on the street?
Replies: 34
Views: 4844

Re: Buying the most expensive house on the street?

Thanks guys. We'll likely just follow our instincts. We fly out for our hopefully final house hunting trip this coming weekend. We are taking 3 days to visit and see everything we can and then will just pull the trigger on whatever feels the best. We have already narrowed down our search to just on...
by hand
Mon Apr 18, 2016 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Selling Rental Property ?s
Replies: 18
Views: 2247

Re: Selling Rental Property ?s

It was converted to a rental on 8/1/2013. Basis was set at $125,000 ($85,000 for home, $40,000 for land--from property tax statement) for depreciation when 2013 taxes were done. I'm not in any way an expert in tax treatment of rentals, but this is the internet, so here's a couple of thoughts anyway...
by hand
Fri Apr 15, 2016 7:58 am
Forum: Personal Consumer Issues
Topic: Installing AC: Rheem vs. Trane (or other) system
Replies: 28
Views: 2478

Re: Installing AC: Rheem vs. Trane (or other) system

As a somewhat knowledgeable consumer, I received 3 quotes for A/C replacement, and not a single provider bothered with a Manual J, and all oversized based on the pre-existing A/C size and a basic understanding of the house size. Because of this, I performed a Manual J on my own (not terribly compli...
by hand
Thu Apr 14, 2016 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on HSA?
Replies: 13
Views: 951

Re: Thoughts on HSA?

Meh. For an individual with a max contribution of ~$3k / year it is tough to save a material amount in an HSA and it adds complexity, hassle, and possibly account and investment costs to a portfolio. I have slightly more than $20k in my HSA and in retrospect, would likely forgoe the tax benefits to ...
by hand
Thu Apr 14, 2016 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Switch to Geico from USAA
Replies: 32
Views: 2267

Re: Switch to Geico from USAA

I switched to Geico early this year after many years as a USAA customer. Unfortunately, USAA is not the company that it used to be-----it now seems to be more interested in becoming a large insurer, not necessarily a high-quality insurer for a select customer base. Would it be too much trouble to a...
by hand
Wed Apr 13, 2016 12:35 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage Refi Help
Replies: 14
Views: 597

Re: Mortgage Refi Help

Something doesn't look right with your numbers... Typically, loans at different durations from the same bank are "fair" in terms of markup and fees - if you've decided on a bank, simply choose the term that makes best sense for your situation. Shorter loans pay less in interest but have hi...
by hand
Wed Apr 13, 2016 9:10 am
Forum: Personal Finance (Not Investing)
Topic: Switch to Geico from USAA
Replies: 32
Views: 2267

Re: Switch to Geico from USAA

I don't believe "A" shares are required, but from when I inquired there are other memberships / relationships that make you eligible for the same discount. Regarding USAA, I am planning the same change to GEICO after USAA's terribly unprofessional handling of a trivially low dollar claim. ...
by hand
Tue Apr 12, 2016 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: Realtor Etiquette?
Replies: 19
Views: 3238

Re: Realtor Etiquette?

Your friend should be less worried about the realtor's commission and more worried about what he'll pay, and how competitive his offer will be. To fully understand the realtor's motivation ("fiduciary duty" notwithstanding), it is worth doing some basic math: Assuming 5% commission split 2...
by hand
Fri Apr 01, 2016 3:37 pm
Forum: Personal Finance (Not Investing)
Topic: Big spenders, anybody successfully downsized?
Replies: 30
Views: 4237

Re: Big spenders, anybody successfully downsized?

Eliminating Starbucks is obviously not going to be a critical part of your effort, however family buy in will be. Unless you and your spouse both enjoy detailed financial analysis and planning, I would recommend starting your tracking of current spend in such a manner that includes a large "mis...
by hand
Thu Mar 31, 2016 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Please explain "pocket-change prepayments" on a mortgage
Replies: 47
Views: 4342

Re: Please explain "pocket-change prepayments" on a mortgage

Hello. I'm reading Anthony Robbins' book: Money: Master The Game . In his section about mortgages, he says that interest on a mortgage will actually tack on 100% or more to a loan! So a $1M house, you would pay $2M over the 30-year period. Crazy. Robbins is lying with math (or you're reading a real...
by hand
Wed Mar 30, 2016 11:02 am
Forum: Personal Consumer Issues
Topic: Installing AC: Rheem vs. Trane (or other) system
Replies: 28
Views: 2478

Re: Installing AC: Rheem vs. Trane (or other) system

While it sounds like you have gone thorough a reasonable process (three quotes) to determine sizing, 5 ton seems large for a 2400 sq ft house in my limited experience, though difficult to know for sure without knowing more about your location and your house. Based on my research, there is a long tr...
by hand
Mon Mar 28, 2016 8:42 pm
Forum: Personal Consumer Issues
Topic: Installing AC: Rheem vs. Trane (or other) system
Replies: 28
Views: 2478

Re: Installing AC: Rheem vs. Trane (or other) system

While it sounds like you have gone thorough a reasonable process (three quotes) to determine sizing, 5 ton seems large for a 2400 sq ft house in my limited experience, though difficult to know for sure without knowing more about your location and your house. Based on my research, there is a long tra...
by hand
Sun Mar 27, 2016 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Would you pay more for USAA?
Replies: 23
Views: 2477

Re: Would you pay more for USAA?

I wouldn't... I'm a long time customer who was recently disappointed with the lack of timeliness & professionalism as USAA (mis)handled a very minor auto insurance claim. My sense is that they may have been special at one point, but the recent drive to increase customer base has diluted whatever...
by hand
Tue Mar 22, 2016 8:53 am
Forum: Personal Finance (Not Investing)
Topic: Take Small Mortgage or TSP Loan?
Replies: 11
Views: 830

Re: Take Small Mortgage or TSP Loan?

It is hard to go wrong owning outright, and this is almost certainty the lowest risk option (if you are committed to a concentrated bet on a single rental property.) A couple points in favour of a larger mortgage now (at higher risk, and greater short term cost): -Mortgage deductibility for mortgage...
by hand
Wed Mar 09, 2016 8:17 am
Forum: Personal Finance (Not Investing)
Topic: Liquidate life savings and investments to buy a business
Replies: 23
Views: 2015

Re: Liquidate life savings and investments to buy a business

Assuming (net?) income of the business remains steady at $115k, and the business requires your full time participation, you are promising to pay $35k / year for the privilege of netting $80k / year. If there is any risk at all, you are potentially locked into making payments for years without income...
by hand
Mon Mar 07, 2016 8:29 am
Forum: Personal Finance (Not Investing)
Topic: We paid off our mortgage ...what to do with the extra money each month?
Replies: 28
Views: 3997

Re: We paid off our mortgage ...what to do with the extra money each month?

It sounds like a celebration is in order!

Once you've celebrated appropriately, consider using some of your "extra" income to making your finances more sustainable - create a sinking fund(s) for infrequent, but large expenses such as car replacements and housing maintenance.
by hand
Fri Mar 04, 2016 9:39 am
Forum: Personal Consumer Issues
Topic: Cast Iron Frying Pans
Replies: 71
Views: 7064

Re: Cast Iron Frying Pans

I've never been good in the kitchen and have never had much interest. I've learned how to cook on the grill, however, and started making meat, chicken and fish on an All-Clad teflon frying pan on the stove top. I was told that I should try a cast iron frying pan. I'd like to learn more. Why cast ir...
by hand
Thu Mar 03, 2016 3:23 pm
Forum: Personal Finance (Not Investing)
Topic: should I refinance
Replies: 9
Views: 762

Re: should I refinance

The refinance is going to cost nothing. I haven't gotten a specific rate yet but it looks like it could be anywhere between 3.25-3.75% If this is a no cost refinance, rate is lower than your current rate, term is the same, and you will keep paying / prepaying at the same level as today, you absolut...
by hand
Wed Mar 02, 2016 10:47 am
Forum: Investing - Help with Personal Investments
Topic: Maxed out 401k, young high-income earner--what to do next?
Replies: 14
Views: 1704

Re: Maxed out 401k, young high-income earner--what to do next?

Do you have any debts you can repay? Saved interest is tax free! +1 to the back door Roth assuming you don't roll the 401(k) into an IRA. It is also worth checking to see if you are eligible for a "mega backdoor Roth" If you are healthy, a HSA could be a useful savings vehicle, though fees...
by hand
Tue Mar 01, 2016 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Buying our first home - Should I sign a buyer contract?
Replies: 13
Views: 1470

Re: Buying our first home - Should I sign a buyer contract?

quote] I should add that it's very rare for a Buyer to be paying the Buyer's Agent but it does happen in private transactions. I work with some non-MLS properties and the Buyer and I have to agree on a fee. No doubt buyer paying is an infrequent occurrence, and as you note there are certainty circu...
by hand
Tue Mar 01, 2016 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Are we ready to drop Life Insurance?
Replies: 37
Views: 3573

Re: Are we ready to drop Life Insurance?

There's really three separate considerations here: 1) What is your need? If your husband is within 6 years of a financially secure retirement for two people, it is likely you have already saved enough for a secure retirement for one person. Do your own math, but from this perspective, you likely hav...
by hand
Tue Mar 01, 2016 10:26 am
Forum: Personal Finance (Not Investing)
Topic: Buying our first home - Should I sign a buyer contract?
Replies: 13
Views: 1470

Re: Buying our first home - Should I sign a buyer contract?

It is not unreasonable for the agent you are working with to ask you to formalize the working agreement with a contract - especially if they have already done the work to find you a house. A contract is a way to do this and is likely appropriate. As always, the devil is in the details: 1) Is the con...
by hand
Fri Feb 26, 2016 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Buy a house at age 75?
Replies: 59
Views: 4193

Re: Buy a house at age 75?

I am 75, spouse 73. Unhappy in current home. Would it be crazy to sell and buy again at our ages? Sounds like it would be crazy to stay where you are unless a move is not financially feasible. The math gets trickier if you are looking to recoup the moving and transaction costs and end up with more ...
by hand
Thu Feb 25, 2016 8:47 pm
Forum: Personal Finance (Not Investing)
Topic: What next?
Replies: 40
Views: 2875

Re: What next?

I too question why you'd sit on $160k cash in addition to your emergency fund while having outstanding debts. As an alternate to partially paying down the equity loan, have you considered fully paying off the $84k of Auto and School loans? This is essentially the high class version of Dave Ramsey's ...
by hand
Wed Feb 24, 2016 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Refinace HELOC into Mortgage?
Replies: 5
Views: 545

Re: Refinace HELOC into Mortgage?

Do the refi, put any monthly cashflow "savings" aside in a separate account and pay off the loan well before the 15 year term of the new loan.
Alternately look at a 10 year loan or ask for a 12 year loan to keep payments similar but accelerate payment.
by hand
Tue Feb 23, 2016 11:14 am
Forum: Personal Consumer Issues
Topic: Unfinished basement ideas
Replies: 34
Views: 3100

Re: Unfinished basement ideas

A popular choice is to airseal the rim/sill plate area (can be hired out with spray foam outfit), which can make it much warmer and less drafty in the winter, and reduce humidity problems in the summer. Pays for itself over time in reduced energy bills. Also reduces insect and spider populations. I...
by hand
Tue Feb 23, 2016 7:58 am
Forum: Personal Finance (Not Investing)
Topic: NYTimes on inadequate pre-purchase house inspection
Replies: 30
Views: 3360

Re: NYTimes on inadequate pre-purchase house inspection

As someone who will likely buy a house in a year or so, this is terrifying. Forewarned is forearmed - it is well worth your time to understand all the players in the real estate transaction, how they are compensated and how their monetary incentives conflict with their stated objectives and your go...
by hand
Mon Feb 22, 2016 8:17 am
Forum: Personal Finance (Not Investing)
Topic: NYTimes on inadequate pre-purchase house inspection
Replies: 30
Views: 3360

Re: NYTimes on inadequate pre-purchase house inspection

Before relying on anyone (particularly in a process as financially material as buying a house) it is important to understand what they do and don't do, and how they are being paid. At their core, inspectors (and realtors) profit from continued business and closed deals. Because realtors are compensa...
by hand
Wed Feb 17, 2016 9:26 am
Forum: Personal Consumer Issues
Topic: The Big Short
Replies: 153
Views: 17603

Re: The Big Short

I enjoyed the movie as entertainment, and thought it did a decent job of explaining complexities of CDOs, and regulatory conflicts. That being said, I felt that the movie missed badly on two important components of the crisis: 1) The individual responsibility of the borrowers who overreached - witho...
by hand
Thu Feb 11, 2016 10:57 am
Forum: Investing - Help with Personal Investments
Topic: Sell or Rent House
Replies: 14
Views: 1210

Re: Sell or Rent House

It is unlikely that your preferred residence for 10 years is also a money making rental property. Your baseline option should be selling the house and realizing the tax free gain. As a side note, if you do keep the property, consider refinancing as an owner prior to converting to a rental to take ad...
by hand
Thu Feb 11, 2016 10:41 am
Forum: Personal Consumer Issues
Topic: New Washer - Frontload or HE Top Load
Replies: 48
Views: 4577

Re: New Washer - Frontload or HE Top Load

I too would like to hear about actual (as opposed to hearsay) experience of a Speed Queen ownership. Consumer Reports rates these pretty low, so I am confused by all the raving I hear about them. The three Speed Queen top loader models listed on their website are $800, $900 and $1000, so definitely...
by hand
Fri Feb 05, 2016 10:04 pm
Forum: Personal Consumer Issues
Topic: The Coming Boglehead Zombie Apocalypse (LED bulbs)
Replies: 94
Views: 8052

Re: The Coming Boglehead Zombie Apocalypse (LED bulbs)

We are behind the times, have no LED bulbs, have no problems. I got a laugh out of your comment, and recognize that like any good comedy there is more than a kernel of truth - no doubt your lighting performance exactly meets your expectations. Unfortunately, my bet is that you've been institutional...

Go to advanced search