Search found 43 matches

by pdanet
Thu Mar 01, 2018 9:03 pm
Forum: Personal Consumer Issues
Topic: 2016 Sienna - 57k miles - any downside to buying?
Replies: 29
Views: 2866

Re: 2016 Sienna - 57k miles - any downside to buying?

OP, I was in the same situation as you just last month. I also had a budget of $25K. I found and ended up purchasing a CPO 2016 Sienna XLE with 42,000 miles here in southern CA for $23,400 before taxes and fees. I figured a new one (while not a direct apples to apples comparison due to the new safe...
by pdanet
Wed Feb 28, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: 2016 Sienna - 57k miles - any downside to buying?
Replies: 29
Views: 2866

Re: 2016 Sienna - 57k miles - any downside to buying?

As far as you mileage, there are 2 schools of thought. You can drive the car to the ground, but in 2-3 years, you'll likely cross 100k, and in less than a decade, 200k. There are a fair number of high mileage Siennas being sold, so you have decent chance of paying substantially less than a new vehi...
by pdanet
Tue Feb 27, 2018 10:07 pm
Forum: Personal Consumer Issues
Topic: 2016 Sienna - 57k miles - any downside to buying?
Replies: 29
Views: 2866

Re: 2016 Sienna - 57k miles - any downside to buying?

Sometimes age in years isn't as good as simply using mileage for aging (wear and tear per mile). How many miles a year do you plan to drive it? About 16k - 20k miles per year It’s all going to come down to price. What is the asking price? KBB is not always a good measure of actual market prices. $2...
by pdanet
Tue Feb 27, 2018 8:20 pm
Forum: Personal Consumer Issues
Topic: 2016 Sienna - 57k miles - any downside to buying?
Replies: 29
Views: 2866

2016 Sienna - 57k miles - any downside to buying?

A local dealer has a used 2016 Sienna XLE model with 57k miles and priced close to KBB value for similar age vehicle.

Should I be concerned with such high mileage on effectively a 1.5 year old vehicle?
by pdanet
Mon Dec 18, 2017 1:47 pm
Forum: Personal Consumer Issues
Topic: Auto and homeowner insurance ... How often do you switch?
Replies: 22
Views: 1738

Re: Auto and homeowner insurance ... How often do you switch?

Eurookat wrote:
Sun Dec 17, 2017 3:38 pm
I recently ran a quote with esurance and my auto alone would save me $500/year.
Do it.

We shop every 6-12 months for insurance. There is no loyalty with insurance companies. Price and customer response alone matters.
by pdanet
Mon Dec 18, 2017 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: pay down mortgage or invest in taxable
Replies: 73
Views: 6778

Re: pay down mortgage or invest in taxable

I'm trying to decide whether I should pay down a 30 year fixed mortgage at 3.875 with about 550K left on a 1M home that I plan on living in forever; or invest in my taxable account? I already contribute max to two 401ks, hsa, 2 back door roths (for my and my spouse), ... all other debts have ostens...
by pdanet
Wed Dec 13, 2017 11:57 am
Forum: Personal Consumer Issues
Topic: Homeowner's Insurance - How Do You Evaluate?
Replies: 23
Views: 1793

Re: Homeowner's Insurance - How Do You Evaluate?

fishmonger wrote:
Wed Dec 13, 2017 11:05 am

Dwelling: $500k - Seems high for this area, even though I know replacement costs more than I think (I work in the construction industry)
That statement is contradictory. You sense the dwelling coverage is high but you think replacement cost is higher than you think ?
by pdanet
Sat Dec 09, 2017 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: 10 Yr Mortgage - 2.875% with no closing costs
Replies: 1
Views: 743

10 Yr Mortgage - 2.875% with no closing costs

We have been mortgage shopping online. Used Zillow.com to input basic details and I found that SmartMortgage.com is offering 10 Yr FIxed Mortgage @ 2.875% with no closing costs. This is better than the 3.25% that am finding from other brokers. Anyone use them ? How good are the reviews on Zillow on ...
by pdanet
Fri Dec 08, 2017 8:32 am
Forum: Personal Consumer Issues
Topic: Mortgage - closing or no closing costs?
Replies: 11
Views: 566

Re: Mortgage - closing or no closing costs?

Compound wrote:
Fri Dec 08, 2017 7:22 am
http://www.hughcalc.org/index.php
Thanks
Thanks
by pdanet
Fri Dec 08, 2017 8:31 am
Forum: Personal Consumer Issues
Topic: Mortgage - closing or no closing costs?
Replies: 11
Views: 566

Re: Mortgage - closing or no closing costs?

With just a few weeks to close on a new build, shopping around could cause issues. Not that it couldn't be done. But, you probably signed something saying you would go with the preferred lender and would need the builders permission at this point to change lenders. Check your paperwork on that. I d...
by pdanet
Fri Dec 08, 2017 7:11 am
Forum: Personal Consumer Issues
Topic: Mortgage - closing or no closing costs?
Replies: 11
Views: 566

Mortgage - closing or no closing costs?

We are getting ready to close on our new construction home over next few weeks. we also have decided to sell our paid-off existing home once we move into the new home. The existing home needs maintenance work(replacing carpet, new paint, a through cleaning, some landscape work etc) and I anticipate ...
by pdanet
Mon Nov 27, 2017 3:50 pm
Forum: Personal Consumer Issues
Topic: Security Cameras - New home has been pre-wired
Replies: 10
Views: 1070

Re: Security Cameras - New home has been pre-wired

mmcmonster wrote:
Mon Nov 27, 2017 3:05 pm
I just bought (yesterday) a Lorex system (https://www.lorextechnology.com/).
What system did you buy? Is there a model #? Thanks
by pdanet
Mon Nov 27, 2017 3:36 pm
Forum: Personal Consumer Issues
Topic: Security Cameras - New home has been pre-wired
Replies: 10
Views: 1070

Re: Security Cameras - New home has been pre-wired

mmcmonster wrote:
Mon Nov 27, 2017 3:05 pm

Definitely do your research. If it's wired for Cat6, you'll need an NVR system. If you have it wired for coax (do installers still do that???) you'll need a DVR system.
Thanks. We paid extra to have Cat6 installed so will check on an NVR system
by pdanet
Mon Nov 27, 2017 3:32 pm
Forum: Personal Consumer Issues
Topic: Security Cameras - New home has been pre-wired
Replies: 10
Views: 1070

Re: Security Cameras - New home has been pre-wired

WoodSpinner wrote:
Mon Nov 27, 2017 3:25 pm

I have been very pleased with the LaView 3MP setup I installed this summer. If you act fast, there is a CyberMonday deal going on for 30% off. It uses CAT-6 cables for PoE .....
Thanks. Can you post the link here please?
by pdanet
Mon Nov 27, 2017 2:38 pm
Forum: Personal Consumer Issues
Topic: BLK Friday -Washer/Dryer purchase for future
Replies: 10
Views: 982

Re: BLK Friday -Washer/Dryer purchase for future

Yes, just did it at HD with a 6 week delivery. Make sure you have the exact measurements if you are buying a fridge. I can't imagine that your washer and dryer won't fit unless its going in a closet. You can refuse the delivery from HD, but you can't return it. What kind of downside are you imagini...
by pdanet
Mon Nov 27, 2017 2:26 pm
Forum: Personal Consumer Issues
Topic: Security Cameras - New home has been pre-wired
Replies: 10
Views: 1070

Security Cameras - New home has been pre-wired

so we are about 2 months from moving into our new home and we paid the builder to have the home pre-wired for 4 security cameras and they cost a pretty penny. Any recommendation for 4 security camera, with night vision and larger hard-drive(1 or 2TB). Am checking few cyber monday deals but appreciat...
by pdanet
Sun Nov 26, 2017 7:54 pm
Forum: Personal Consumer Issues
Topic: BLK Friday -Washer/Dryer purchase for future
Replies: 10
Views: 982

BLK Friday -Washer/Dryer purchase for future

We maybe moving in about 2 months. Has anyone purchased W/D from Lowes or HD and deferred taking delivery 60 or 70 days out in future?

Any downside to this?
by pdanet
Mon Nov 20, 2017 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Another "To Rent or Sell" Question
Replies: 10
Views: 734

Re: Another "To Rent or Sell" Question

$1k for maintenance might be low. Usual suggestion is to budget 1% of home value. Thanks. With the house being paid off and you don't need any equity to put toward the new house, this one would be plenty good to keep as a rental. It's an obvious income producing rental right from the start. I'd say...
by pdanet
Mon Nov 20, 2017 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Another "To Rent or Sell" Question
Replies: 10
Views: 734

Another "To Rent or Sell" Question

We are likely to move into our newly constructed home( we have set-aside 20% for downpayment ) sometime in January 2018 and we are in a dilemma regarding our existing(paid-off) home. 220k: Home purchased 10+ years ago 260K - 265K: Current price as per Zillow/Redfin 0K: Capital gains tax 2.5K: Curren...
by pdanet
Mon Nov 20, 2017 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Newly built home. sell or rent?
Replies: 29
Views: 2063

Re: Newly built home. sell or rent?

bfizz wrote:
Mon Nov 20, 2017 12:45 pm

We are struggling to know what to do with her property. She is tempted to sell it, but I don't want to incur cap gains due to the limited time she's been holding the home.
what cap gains are you talking about?
by pdanet
Mon Jul 24, 2017 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Shopping
Replies: 0
Views: 250

Mortgage Shopping

We may close on our new home that's currently being built sometime in Mid-Dec 2017(best case) or early-Jan 2018(worse case scenario) Q: When should we start shopping for mortgage and also, when should we lock it (we really won't know the actual closing date until sometime in November) The builder is...
by pdanet
Mon Jul 17, 2017 6:59 am
Forum: Personal Consumer Issues
Topic: New home(December closing) - things to do
Replies: 7
Views: 1074

Re: New home(December closing) - things to do

Smorgasbord wrote:Here is the rental inspection checklist from my town. Go through it and correct any issues with your current house before you get into the chaos of moving.
http://www.westlafayette.in.gov/egov/do ... _55023.pdf
Thanks
by pdanet
Thu Jul 13, 2017 7:23 am
Forum: Personal Consumer Issues
Topic: New home(December closing) - things to do
Replies: 7
Views: 1074

Re: New home(December closing) - things to do

A rental property is a business that is worth a couple of hundred thousand dollars so you should treat it like a business and have a written business plan that includes several exit stragaties. If you have significant capital gains in your current house it will be harder to justify keeping it as a ...
by pdanet
Wed Jul 12, 2017 1:57 pm
Forum: Personal Consumer Issues
Topic: New home(December closing) - things to do
Replies: 7
Views: 1074

New home(December closing) - things to do

We have an existing home and most likely will turn it into Rental once we move into the new home sometime in December this year and I need some assistance to ensure that am covering my bases. 60 days before closing - lock-in the mortgage rates. 10 days before closing - contact utility companies to t...
by pdanet
Wed Jun 07, 2017 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Home purchase budget advice
Replies: 20
Views: 2042

Re: Home purchase budget advice

Assets: Savings:$326K Debt: Car payment: $480/mo, $20K remaining on loan Current monthly info: Remainder after savings/expenses: $~1300 The houses we've been seeing that we are interested in are in the $430-450 range. If we put 20% down on a traditional 30 year loan the mortgage on a $450K house ($...
by pdanet
Sun May 21, 2017 9:14 pm
Forum: Personal Finance (Not Investing)
Topic: Closing on new home construction - end of year or begin of next year?
Replies: 2
Views: 503

Closing on new home construction - end of year or begin of next year?

We currently are building our new home and according to the builder, we may close late in Dec or early Jan next year. Builder is a nationally well known builder and they are offering in-house mortgage so they are paying some part of the closing costs if we choose them as the lender and we are leanin...
by pdanet
Mon May 15, 2017 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Signed contract to build new home - now what?
Replies: 17
Views: 1477

Re: Signed contract to build new home - now what?

I would think you will plenty busy figuring out flooring, cabinets, hardware, fixtures, lighting, paint, etc. Or has all of this already been decided? I'm not sure there are that many legal and financial things to think about at this point. Those are done - and final price has been signed off on. W...
by pdanet
Mon May 15, 2017 10:03 am
Forum: Personal Finance (Not Investing)
Topic: Signed contract to build new home - now what?
Replies: 17
Views: 1477

Signed contract to build new home - now what?

You can see our previous posting here( link ) We have signed a contract to build a home. With structural and design center options - the final price is ~ $520K. We cannot lock in rates until 30 days prior to closing which will be sometime in Dec 2017 or Jan 2018. Today's 30 year mortage rate is 4.37...
by pdanet
Fri Apr 21, 2017 9:42 am
Forum: Personal Consumer Issues
Topic: Home Insurance Premium - How to decrease.
Replies: 41
Views: 4811

Re: Home Insurance Premium - How to decrease.

I have my home - auto- umbrella insurance with Amica. Over the last 8 years my home insurance rate has gone up from $650 to $1100/yr. You can eliminate it - by not renewing the $1100/yr premium. Couple of friends that I've know have done this as soon as they paid off their home - of-course, it real...
by pdanet
Tue Apr 18, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: New Home - Design Center Options - making smart choices
Replies: 30
Views: 3581

Re: New Home - Design Center Options - making smart choices

Thanks everyone for the suggestion. It was very helpful. We will focus and spend towards more on functional upgrades and how often we use them va something nice to have. We really really want to stay closer to $20K, maybe $25K. let's see. There is no basement. On the laminate - I suppose that's one ...
by pdanet
Wed Apr 12, 2017 12:19 pm
Forum: Personal Finance (Not Investing)
Topic: New Home - Design Center Options - making smart choices
Replies: 30
Views: 3581

New Home - Design Center Options - making smart choices

Finally, after 2 month search - we narrowed down a lot in a community and a floor plan that we like. Home Price ( Base + Lot premium + structural upgrades ) is about $510K. Builder has offered $20K incentive towards home upgrades and if we stay at or below $20K, $510K will be our final price. We ant...
by pdanet
Tue Mar 21, 2017 8:20 am
Forum: Investing - Help with Personal Investments
Topic: Am I Addicted [to contribute to my taxable account]
Replies: 57
Views: 7867

Re: Am I Addicted [to contribute to my taxable account]

[quote="ny_rn" For example - I found $10 on the floor and sent it directly to vanguard. Am I addicted? Anyone else have this problem?[/quote] Yes. Get treatment(if that's an option) :D Seriously, unless you are investing any "found money" towards the Maximum contribution amount, I suggest you think ...
by pdanet
Thu Feb 23, 2017 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 50
Views: 4246

Re: Another can we afford home thread!

You are essentially going to pay $35,000/year for the possibility that you need room in the future for parents to move in. Maybe that number goes down if you rent/sell, but it will still be a substantial sum yearly. If the schools are that bad can you do private school? Can you save that money for ...
by pdanet
Thu Feb 23, 2017 10:17 am
Forum: Personal Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 50
Views: 4246

Re: Another can we afford home thread!

No offense, but that's pretty silly reasoning for WANTING to do this. There's no NEED anywhere in there. Well, since you are playing devil's advocate - given our circumstance - what do you think should be the NEED , meaning what factors do you think need to occur or happen(now or in future) to driv...
by pdanet
Thu Feb 23, 2017 8:34 am
Forum: Personal Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 50
Views: 4246

Re: Another can we afford home thread!

I guess I'm missing the growing family part. Do you plan to have more kids? It doesn't sound like it. So, why do you NEED 5 bedrooms... will each kid get two bedrooms someday?? This definitely sounds like a want and not a need. And, that's fine... just don't justify it by calling it something else....
by pdanet
Wed Feb 22, 2017 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 50
Views: 4246

Re: Another can we afford home thread!

ysette9 wrote: Heck, take that money and upgrade your current house to make it more attractive to you!
HOA rules does not allow adding an additional bedroom or bathroom.
by pdanet
Wed Feb 22, 2017 11:57 am
Forum: Personal Consumer Issues
Topic: Getting the snip: Should it be me or my partner?
Replies: 13
Views: 1942

Getting the snip: Should it be me or my partner?

This maybe a little personal but we are done having kids and are considering Sterilization. The Q is: Should it be me or my spouse? Looks like male sterilization is inexpensive and procedure is simpler but female sterilization maybe fully covered by insurance and it's fairly simpler but slightly at ...
by pdanet
Tue Feb 21, 2017 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 50
Views: 4246

Re: Another can we afford home thread!

Hi there! I'm a banker, and there is another option that I think may be ideal for you guys. 1. Apply now for a home equity loan or line of credit on your current home in the amount of $115,000 (50% of the value is the most allowed in TX where I am at least, but if you can get more without paying mu...
by pdanet
Mon Feb 20, 2017 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 50
Views: 4246

Re: Another can we afford home thread!

This is the other reason your plan doesn't make a lot of sense - you clearly state a major reason to move is to both upgrade + move on from future maintenance deferrals, yet if you keep the home as a rental, you will still have to pay for this stuff. New AC and roof is in the tens of thousands, plu...
by pdanet
Mon Feb 20, 2017 12:40 pm
Forum: Personal Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 50
Views: 4246

Re: Another can we afford home thread!

I am with Tim and Watty. Turning you previous residence into a rental is rarely the best option - especially if you are strapped for a down payment on the new house. I was a landlord for ~ 4 years when I couldn't sell my condo after buying a new construction home. But I was able to put down 20% (wi...
by pdanet
Mon Feb 20, 2017 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 50
Views: 4246

Re: Another can we afford home thread!

2. If yes to #1, Should we rent the existing home and use rent to pay towards the new home mortgage? Rental income ~$1300/month. There are a couple of show stoppers in doing this. 1) If you have any price appreciation in the house you would lose the homeowners capital gains exemption if you rent it...
by pdanet
Mon Feb 20, 2017 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 50
Views: 4246

Re: Another can we afford home thread!

How much of that $175k income is attributable to your wife? If it's a lot, and she plans on leaving that income in a few years, this plan doesn't make sense to me. Other than a shorter drive to schools, what are you getting with this new house? 2400 square feet is plenty for 4 people unless it's a ...
by pdanet
Mon Feb 20, 2017 9:58 am
Forum: Personal Finance (Not Investing)
Topic: Another can we afford home thread!
Replies: 50
Views: 4246

Another can we afford home thread!

We are looking for a new home - spouse wants a bigger home to accomodate growing family which makes sense as this would be THE home for next 15+ years. We are located in Tampa, FL. DH - 42 yrs and DW - 38 yrs Existing home - Approx 2400 sqft with 3bed/2bath. Home value ~$230K Exsting home - paid off...