Search found 845 matches

by hand
Fri Jul 29, 2016 3:51 pm
Forum: Personal Consumer Issues
Topic: Car lease when unemployed
Replies: 15
Views: 984

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: 10
Views: 785

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: 153
Views: 13794

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: 3904

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: 3904

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: 2104

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: 1127

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: 79
Views: 3204

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: 6873

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: 153
Views: 13794

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: 258

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: 2085

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: 2602

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: 153
Views: 13794

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: 299

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: 866

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: 2475

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: 1799

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: 1799

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: 3032

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: 1799

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: 1753

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: 1866

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: 1640

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: 1640

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: 2475

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: 624

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: 3112

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: 5664

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: 3859

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: 2014

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: 2014

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: 5307

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: 4388

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: 4388

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: 2719

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: 3152

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: 1347

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: 11148

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: 2563

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: 3510

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: 1859

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: 3510

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: 3744

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: 5126

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: 3744

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: 153
Views: 13794

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: 153
Views: 13794

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: 4056

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: 6228

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?

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