Search found 248 matches

by playtothebeat
Fri Feb 19, 2016 5:43 pm
Forum: Personal Finance (Not Investing)
Topic: VTI vs Starting my own REIT
Replies: 52
Views: 4343

Re: VTI vs Starting my own REIT

if you're not allowed to work in the US, a bank might not lend you money. Just an FYI. I'm a commercial real estate banker.. Things can and do go wrong in real estate, even in multi family which is generally considered the safest asset class (that's why you see stabilized assets in good markets trad...
by playtothebeat
Tue Feb 02, 2016 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Student loan refi - would you?
Replies: 15
Views: 1028

Re: Student loan refi - would you?

I confirmed that they need me to co-sign in order for the loan to go through. In terms of our mortgage - we just refinanced about 6 months ago. I don't know what impact, if any, this might have on mine or hers ability to get credit in the future - i think it's hard to tell what future underwriters m...
by playtothebeat
Mon Feb 01, 2016 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: Student loan refi - would you?
Replies: 15
Views: 1028

Re: Student loan refi - would you?

If i don't co-sign, my understanding is that she wouldn't qualify at all through this bank. I don't think there's any problem with you co-signing. To mitigate the risk, you should take out a life insurance policy for the amount of the loan in your wife's name (above and beyond any life insurance sh...
by playtothebeat
Mon Feb 01, 2016 4:59 pm
Forum: Personal Finance (Not Investing)
Topic: Student loan refi - would you?
Replies: 15
Views: 1028

Re: Student loan refi - would you?

If i don't co-sign, my understanding is that she wouldn't qualify at all through this bank. There isn't an "Option A" or "Option B" type thing - more of a "option a" or "nothing". She could go through SOFI, DRB, etc - i've looked at those and the rates were in...
by playtothebeat
Mon Feb 01, 2016 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: Student loan refi - would you?
Replies: 15
Views: 1028

Student loan refi - would you?

My wife has about $120K of federal student loans (law school) with 20 years left on them at a fixed rate of ~6.3%. Monthly payments are about $860/month. I found a lender who approved us for a refinance at a 3.5% FIXED rate for 15 years. Overall monthly payments stay the same, but in the grand schem...
by playtothebeat
Mon Jan 11, 2016 6:27 pm
Forum: Personal Finance (Not Investing)
Topic: Pay off 2nd mortgage or car loan first?
Replies: 27
Views: 1535

Re: Pay off 2nd mortgage or car loan first?

There's no way that someone with a 2nd mortgage should have that large of a car loan if they want to get ahead. Sell the dang thing and get into something more affordable (ie- paid off). Not sure you can say that without knowing all the circumstances about the OP's finances, reason for 2nd mortgage...
by playtothebeat
Thu Jan 07, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice - Child Care
Replies: 23
Views: 1391

Re: Need Advice - Child Care

A daycare doesn't have to be expensive to be good. Everyone wants the best for their kid and many people equate the best with the most expensive. I don't think that's the case, at least not in this discussion - "organized" daycare legitimately is expensive. I'm not willing to drop my kid ...
by playtothebeat
Thu Jan 07, 2016 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: Need Advice - Child Care
Replies: 23
Views: 1391

Re: Need Advice - Child Care

If your oldest is now 2, by the time you actually start daycare with the second, he'll be 3. That means he's getting close to going to (public) preschool. Assuming you have great public programs through kindergardens, elementary schools, etc, i'm guessing the "double dip" is only for a yea...
by playtothebeat
Thu Dec 31, 2015 11:37 pm
Forum: Personal Finance (Not Investing)
Topic: W-4 -- Can I Take 99 Allowances
Replies: 14
Views: 1429

Re: W-4 -- Can I Take 99 Allowances

I entered "9" for a few paychecks (one included an annual bonus). From the simulations I ran, there was a very small difference between that and anytbig higher. Of course my income isn't as high (about 150k total) so YMMV.. I then switched it back to my traditional "3" I should a...
by playtothebeat
Thu Dec 31, 2015 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Ooma Phone Service - I Do NOT Recommend
Replies: 34
Views: 2663

Re: Ooma Phone Service - I Do NOT Recommend

a voip device is on 24-7 and you can use any phone with it. it's just like having a landline. .. Unless your internet goes out, correct? If I'm not mistaken, VoIP phones do not work if your internet connection fails - as such, in an emergency (say, flood, earthquake, etc) when it's quite possible f...
by playtothebeat
Wed Dec 16, 2015 12:53 pm
Forum: Personal Consumer Issues
Topic: Coffee maker
Replies: 38
Views: 3561

Re: Coffee maker

I use a Breville YouBrew coffee maker every day, and love it http://www.brevilleusa.com/youbrew-glass.html The reviews on the site are poor, but in my experience it has been fantastic. I haven't had any of the issues that people write about.. You can brew either a single cup (takes between 4 and 7 m...
by playtothebeat
Tue Dec 15, 2015 7:34 pm
Forum: Personal Consumer Issues
Topic: Anyone using Plastc or Coin?
Replies: 8
Views: 856

Anyone using Plastc or Coin?

I'm really intrigued by both of these as a way of slimming down my wallet. Curious if anyone here has pre-ordered and/or used either one, and what your thoughts are

https://plastc.com/
https://onlycoin.com/
by playtothebeat
Tue Dec 15, 2015 12:38 pm
Forum: Personal Finance (Not Investing)
Topic: My credit score is 808
Replies: 37
Views: 5364

Re: My credit score is 808

Anything about 740 (or 760 in some cases) is treated the same. You're in good shape.
Mine was around the same when we refinanced a few months ago; wife's was closer to 780. no issues whatsoever.
by playtothebeat
Mon Dec 14, 2015 1:41 pm
Forum: Personal Consumer Issues
Topic: Bose SoundTouch 10 vs Sonos Play:1
Replies: 26
Views: 3159

Re: Bose SoundTouch 10 vs Sonos Play:1

Maybe this is a silly question - can you "pair" a bunch of Sonos speakers together to give you a whole-house sound system with level sound throughout? And if so, does each speaker run on a batter or need to be plugged into an outlet? I currently use a samsung soundbar in the living room, w...
by playtothebeat
Mon Dec 14, 2015 12:44 pm
Forum: Personal Consumer Issues
Topic: Ebay issues - non-paying buyer
Replies: 9
Views: 1495

Ebay issues - non-paying buyer

Turning to the BH community for some advice relating to an ebay transaction.. I've only sold items on ebay once or twice before, and they were very smooth transactions. Last week, I listed an item for sale with an ending auction date of Dec 13th (7 day auction). The starting bid was $500 and a bid w...
by playtothebeat
Thu Dec 10, 2015 12:09 pm
Forum: Personal Finance (Not Investing)
Topic: San Francisco - Zero down jumbo mortgage
Replies: 11
Views: 1156

San Francisco - Zero down jumbo mortgage

Might be an interesting bit of information for those looking to buy a house in and around San Francisco:

http://www.housingwire.com/articles/357 ... -mortgages
by playtothebeat
Wed Dec 09, 2015 12:38 am
Forum: Personal Finance (Not Investing)
Topic: Trying to get my life on track, need advice
Replies: 52
Views: 3883

Re: Trying to get my life on track, need advice

for the time being I'd say find any available job, be it McDonalds or Target or selling cars. Just to have some stable income. And hopefully you and your fiancé and baby can stay living with your parents (or hers) for the foreseeable future. You can take a lot of courses online for education. Course...
by playtothebeat
Sun Dec 06, 2015 12:34 am
Forum: Personal Finance (Not Investing)
Topic: The Good the Bad and the Ugly of real estate
Replies: 87
Views: 14306

Re: The Good the Bad and the Ugly of real estate

In either case you have an asset class that gives 5.5% post tax return in most conservative scenario. If I'm not mistaken, your math assumes no extraordinary expenses from what I can tell - no broken dishwasher, no roof repairs, no carpet cleaning between tenants, etc. I think that return is quite ...
by playtothebeat
Thu Nov 26, 2015 12:12 pm
Forum: Personal Consumer Issues
Topic: The end of our Teflon pans is near...now what do we buy?
Replies: 63
Views: 7356

Re: The end of our Teflon pans is near...now what do we buy?

Get yourself a set of LeCreuset pots and pans and you will never look back
by playtothebeat
Wed Oct 21, 2015 9:21 pm
Forum: Personal Consumer Issues
Topic: Dissuade me from buying art [Kauai]
Replies: 44
Views: 4089

Re: Dissuade me from buying art [Kuaui]

We have a lot of "high end" art in our house (10 Peter Lik pieces). A couple were purchased spontaneously while on vacation. Were they a smart financial investment? No of course not. Do we love looking at it daily? Absolutely. We have a piece that was displayed in the Smithsonian; a piece ...
by playtothebeat
Sun Oct 04, 2015 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Mint or other software
Replies: 26
Views: 2469

Re: Mint or other software

I use mint and really like it. I like the automation of it all. I go in a few times a week to make sure the entries are correct (every once in a while, mint dleant categorize expenses correctly). I also like the ability to track through the mobile app.
by playtothebeat
Sat Oct 03, 2015 3:21 pm
Forum: Personal Finance (Not Investing)
Topic: Rolling over credit card balances indefinitely paying no interest or fees
Replies: 3
Views: 417

Re: Rolling over credit card balances indefinitely paying no interest or fees

So effectively you are making around 1% by your math. So that's $50 on each $5000 transaction. If you do this once a month, then that's $50/month. Seems like a LOT of effort to go through for fifty bucks. Plus what happens if one of your Visa cards gets compromised (lots of stories on that)? Not to ...
by playtothebeat
Wed Sep 30, 2015 4:39 pm
Forum: Personal Finance (Not Investing)
Topic: Plan of Action for Rental Property?
Replies: 29
Views: 2892

Re: Plan of Action for Rental Property?

From the banks point of view I'm still liable on the mortgage. if you say that the current mortgage is $135k and under Option B, the investor would pay $140k upfront, you'll have enough to payoff your existing mortgage. Further, I'm not sure that you'd actually be able to do what you want under eit...
by playtothebeat
Fri Sep 25, 2015 6:23 pm
Forum: Personal Consumer Issues
Topic: Live close to work AND in a good school district?
Replies: 57
Views: 3418

Re: Live close to work AND in a good school district?

I live and work in Irvine, CA. I don't plan to move any time soon. My son will go to elementary/middle/high schools which are all within 5 minute walk to 5 minute drive of my house. My work is 12 minutes door to door. If I ever go to another company, the career I'm in has a lot of opportunities in o...
by playtothebeat
Tue Sep 22, 2015 3:35 pm
Forum: Personal Consumer Issues
Topic: What bed did you get your toddler and how long did you use it?
Replies: 31
Views: 2905

Re: What bed did you get your toddler and how long did you use it?

My nearly 2 year old son is still using the crib mattress. The crib has "converted" to a "toddler bed", which he's been using since he was about 18 months. Of course, just about every night he wakes up between 1 and 3 am and walks on over to our room and somehow ends up in bed wi...
by playtothebeat
Thu Sep 17, 2015 12:02 pm
Forum: Personal Consumer Issues
Topic: Budgeting by the week
Replies: 29
Views: 2665

Re: Budgeting by the week

You need to go to a cash system. Take $X out each week for "spending". Whether that's $100 or $500, that's up to you to decide depending on what your income is and what your REQUIRED bills are (mortgage, utilities, food, etc). Once that $X is gone, you're waiting until next week. Or you sa...
by playtothebeat
Tue Sep 15, 2015 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Personal finance education for an adult
Replies: 22
Views: 1977

Re: Personal finance education for an adult

Coursera, Udemy, etc are all great places to look. You'll be able to do these together from the comfort of your home - as a team!
by playtothebeat
Fri Sep 11, 2015 11:48 am
Forum: Personal Consumer Issues
Topic: Budgeting by the week
Replies: 29
Views: 2665

Re: Budgeting by the week

If I recall you posted a couple weeks ago about trying to come up with a budget with your wife, who was resistant to doing so. Looks like you possibly made some progress and settled on a system which might work for you. Question is, why budget weekly? Do you get paid weekly and pay bills weekly? I g...
by playtothebeat
Wed Sep 09, 2015 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage - Monthly Adjustable Interest Rate
Replies: 2
Views: 291

Re: Mortgage - Monthly Adjustable Interest Rate

You have to see whether your mortgage has a "Cap" on the increase, and how fast the increase can happen. Many times you'll see something like a max monthly increase of 0.25%, with an overall cap of 10%. Then do the calculation based on the max. Can you still afford the mortgage then on wha...
by playtothebeat
Wed Sep 09, 2015 1:16 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone ran an in home day care?
Replies: 37
Views: 2589

Re: Has anyone ran an in home day care?

I currently take my son to an in-home daycare. So while I can't provide feedback as an operator, I can at least provide it as a parent who uses the service. Some observations: - I wanted our provider to be licensed. She was listed on our city's website. that gave me comfort. She also (of course) had...
by playtothebeat
Tue Sep 08, 2015 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: My Retirement Plans..
Replies: 52
Views: 4163

Re: My Retirement Plans..

It's great that your oldest thinks he'll be able to help you in 10 years. Don't count on that. He might marry someone who is against it. Or he might not have the resources to help. It's a good thought, but definitely not one to put any eggs into. Also, it seems like your "future" budget is...
by playtothebeat
Wed Aug 26, 2015 2:56 pm
Forum: Personal Finance (Not Investing)
Topic: Got a great entry level full time offer (70K + 10K signing bonus), not sure if I should accept or decline
Replies: 35
Views: 4773

Re: Got a great entry level full time offer (70K + 10K signing bonus), not sure if I should accept or decline

I took one of these analyst jobs at a big bank fresh out of college. I interned prior to it at the same office, and liked what I saw as a combination of income/balance/hours/etc. I looked at it like this: if I don't like it in one or two years, I can always find something else. To that point I actua...
by playtothebeat
Tue Aug 25, 2015 10:54 am
Forum: Personal Finance (Not Investing)
Topic: Books to help a couple working out a budget
Replies: 39
Views: 3146

Re: Books to help a couple working out a budget

I still don't see exactly what the problem actually is. Maybe I'm misunderstanding your questions. Do you know how much you make each month? Do you know how much you spend on required bills? Do you know how much you do or need to put away into retirement/savings/etc? Take the first, minus the second...
by playtothebeat
Mon Aug 24, 2015 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage questions
Replies: 2
Views: 457

Re: Mortgage questions

Since you have enough downpayment for ~15%, you can get a loan without PMI. Shop around. Plenty of lenders doing no PMI loans at 85% or 90% of value.
by playtothebeat
Tue Aug 18, 2015 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Mechanics of using Roth IRA as emergency fund
Replies: 11
Views: 1580

Re: Mechanics of using Roth IRA as emergency fund

I just went through this, and hopefully handled it correctly. I logged into my Vanguard. Checked the history of my ROTH account and saw that I made $16k worth of CONTRIBUTIONS over the past few years (had to search for transactions based on the "Buy" type of transaction and add them up man...
by playtothebeat
Thu Jul 23, 2015 1:46 pm
Forum: Personal Consumer Issues
Topic: Best Place to live for a young family?
Replies: 42
Views: 5168

Re: Best Place to live for a young family?

I'm in Orange County (Irvine) and can't imagine being anywhere else due to the combination of weather, the community (Woodbridge), the school district, and all the things you can do (beach, mountains, surf, biking, shopping, arts, etc; admittedly I don't get a chance to take advantage of all of it y...
by playtothebeat
Tue Jul 21, 2015 10:37 am
Forum: Personal Finance (Not Investing)
Topic: How do people afford children with a SAHS?
Replies: 183
Views: 12513

Re: How do people afford children with a SAHS?

I would consider refinancing, but I just got the loan last September. That is not a good reason not to refinance if you can get rid of the PMI and get a lower rate. This. Doesn't matter if you closed the loan yesterday. If there is no prepay penalty, there's no reason not to try to refi, especially...
by playtothebeat
Mon Jul 20, 2015 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Hard Money Loans
Replies: 26
Views: 3241

Re: Hard Money Loans

Have you looked at Prosper, Lenderclub, etc?
by playtothebeat
Wed Jul 15, 2015 6:47 pm
Forum: Personal Consumer Issues
Topic: selling a domain name
Replies: 10
Views: 699

Re: Best practices for selling a domain name

I sold one a few years ago for like $250. got an email offer out of the blue for $100. told them I want $250 (I think I was looking to buy a specific item for $250 at the time, so figured why not try), and they purchased without asking further question. was a very seamless process (there is a servic...
by playtothebeat
Wed Jul 15, 2015 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Need to Refi 1st Mortgage but under water $110k
Replies: 27
Views: 2621

Re: Need to Refi 1st Mortgage but under water $110k

Cindyjrn wrote:I didn't write that. You misused the quote feature.


yep realized that right after I hit send, and corrected :)
by playtothebeat
Wed Jul 15, 2015 6:10 pm
Forum: Personal Finance (Not Investing)
Topic: Need to Refi 1st Mortgage but under water $110k
Replies: 27
Views: 2621

Re: Need to Refi 1st Mortgage but under water $110k

But if they can't afford the INTEREST-only payments at 5.5%, they can't afford to pay principal and interest at any likely interest rate. that's an interesting assessment. not sure if it's right. I just went through something similar, and refied a 6.5% I/O mortgage to a 4.25% 30-year. My payment we...
by playtothebeat
Wed Jul 15, 2015 1:22 pm
Forum: Personal Finance (Not Investing)
Topic: Having Trouble buying big ticket item
Replies: 57
Views: 5121

Re: Having Trouble buying big ticket item

Funny, I'm sort of in the same ballpark as you, OP, although on a somewhat different note. I have no problem buying a big ticket item for my wife or my son. However, when it comes to buying something for myself (looking at a new lens right now for my Nikno, which will run ~$1k), I constantly overthi...
by playtothebeat
Tue Jul 14, 2015 6:08 pm
Forum: Personal Consumer Issues
Topic: Issues with new flooring
Replies: 2
Views: 554

Issues with new flooring

Curious if anyone has any opinions on what I can do here.. Earlier this year, I had new flooring (luxury vinyl planks; floating installation over concrete subfloor) put in throughout the downstairs area of my house following a flood a couple months prior to that. Shortly after the flooring was insta...
by playtothebeat
Tue Jul 14, 2015 12:05 am
Forum: Personal Finance (Not Investing)
Topic: Good Mortgage Companies?
Replies: 21
Views: 2089

Re: Good Mortgage Companies?

I just refinanced with WJ Bradley and had a great experience. My mortgage situation was somewhat unusual and all other lenders struggled with it (title issues; wife's mortgage from her prior marriage, etc). WJB was able to make it work and bring in a lender to do the 2nd concurrently. PM me if you w...
by playtothebeat
Fri Jul 10, 2015 9:27 am
Forum: Personal Finance (Not Investing)
Topic: San Francisco Bound - Need Salary Advice
Replies: 55
Views: 5926

Re: San Francisco Bound - Need Salary Advice

Am I missing something about 265 not being more than enough to accomplish what the OP wants? Rough math..: 265 gross 45% tax => 145 net Let's say 5k rent => 60k/year, leaving him with 85k for everything else Let's say 30k into retirement accounts (after tax for the ease of math) => 55k or about 5k p...
by playtothebeat
Tue Jul 07, 2015 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Need help: valuation of IP royalties for buyout proposal
Replies: 8
Views: 625

Re: Need help: valuation of IP royalties for buyout proposal

Talk to an expert. There are consultants who specialize in this very thing. A lawyer could be a good start, but usually a lawyer will be just the one documenting and advising from a legal standpoint, probably not doing the math himself (he'll likely contract with a consultant, in fact)
by playtothebeat
Mon Jul 06, 2015 5:13 pm
Forum: Personal Finance (Not Investing)
Topic: I'm spending 20% more than what i estimate. Easy way to track my expenses?
Replies: 52
Views: 4831

Re: I'm spending 20% more than what i estimate. Easy way to track my expenses?

I've just signed up for Mint. Looks good but: it appears that I cannot use Trends to compare spending across months, just look at a total over a given period of time. If I click on "compare food spending to last month" under "graphs to try" on the left, it does implement "c...
by playtothebeat
Fri Jul 03, 2015 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Average raises for promotions
Replies: 32
Views: 6318

Re: Average raises for promotions

That's a complicated question to answer. Our "typical" raise for promotion is around 8%, but that also puts the person lower in their "compensation ratio range", which means that they'll probably get larger raises in future years than they otherwise would have received. It also ...
by playtothebeat
Tue Jun 30, 2015 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating a Job Offer
Replies: 41
Views: 6520

Re: Negotiating a Job Offer

They are going to bring me in at the Consultant level for a short time, until I basically "prove" myself worthy and capable of performing at the next level. I will also be sure to get this noted somewhere in the offer. Yes, make sure that is in writing if at all possible. Further, if you ...

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