Search found 704 matches

by renue74
Mon May 22, 2017 11:32 am
Forum: Personal Consumer Issues
Topic: Has anyone tried Orangetheory Fitness
Replies: 36
Views: 3114

Re: Has anyone tried Orangetheory Fitness

My firm designs websites and custom software for a well known fitness non-profit. The amount of time and energy put into member retention is really high. The typical user will last 3 to 6 months, with an additional X number of months of credit card/bank account drafts before cancellation. OT Fitness...
by renue74
Mon May 22, 2017 11:06 am
Forum: Personal Consumer Issues
Topic: Luxury Vinyl: Educate Me
Replies: 11
Views: 1255

Re: Luxury Vinyl: Educate Me

LV has recently been a hot product in the rental property industry. It's easy to put down and waterproof. 90% of my tenant calls are about some type of water issue. (water heater leaks, toilet leaks, etc.) I put some LV in 3 tenant's bathrooms over the last 3 years. The stuff is good and durable. Bu...
by renue74
Sat May 20, 2017 8:44 pm
Forum: Personal Consumer Issues
Topic: Rice Cooker
Replies: 40
Views: 2937

Re: Rice Cooker

I just cooked brown rice in my new Zoji cooker and it was really good.

2 cups of Walmart great value brown rice
2 chicken bullion cubes
Onion and garlic powder

Set the timer and it was great.
by renue74
Fri May 19, 2017 12:44 pm
Forum: Investing - Help with Personal Investments
Topic: Edward Jones vs Vanguard self managed
Replies: 29
Views: 1865

Re: Edward Jones vs Vanguard self managed

Search "Transfer Account from Edward Jones" in the search field box in the top right corner of this site.
by renue74
Thu May 18, 2017 6:26 pm
Forum: Personal Consumer Issues
Topic: Rice Cooker
Replies: 40
Views: 2937

Rice Cooker

Whoever's post it was last week that brought up rice cookers thank you. I bought a Zojirushi rice cooker last week and made rice tonight. OMG, it's the best rice I've ever made. Usually we use the 5 minute Success rice. This is soooo much better. Even the kids had seconds.
by renue74
Thu May 18, 2017 4:28 pm
Forum: Personal Consumer Issues
Topic: Negotiating an apartment lease
Replies: 7
Views: 660

Re: Negotiating an apartment lease

I own several rentals. $25 is not a bad increase. My property taxes and insurance go up at least $100 to $200 each year. The rental market in my area is cut throat these days. I have properties in "B" and "C" class neighborhoods. Places where an average rental was $550/month. Thi...
by renue74
Thu May 18, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should I sell my business?
Replies: 41
Views: 3205

Re: Should I sell my business?

I sold a small business in 2012. It was a very small software business with approximately $250K annual sales and it sold for 4x sales. Others are right, you should talk to a business broker, especially one familiar with your industry. There are tons of brokers who could sell a gas station...but you ...
by renue74
Thu May 18, 2017 11:26 am
Forum: Personal Finance (Not Investing)
Topic: Should I sell my business?
Replies: 41
Views: 3205

Re: Should I sell my business?

Agree. The purchaser who can't or won't get financing to buy your business.....I would worry about them. Theoretically you could work another year or so and make the purchase price back in salary...then just drop all the stuff and walk away...if you wanted. That's safer than assuming somebody is goi...
by renue74
Wed May 17, 2017 5:02 pm
Forum: Investing - Help with Personal Investments
Topic: How Much for 529 Plan
Replies: 32
Views: 2492

Re: How Much for 529 Plan

I have 2 kids, 12 and 14. Each have $100K in their 529 plans. In 4 years, the estimation for a 4 year public school in my state is $130K. I've stopped contributing. Remember also, you don't spend the whole pot the 1st year. So theoretically, my 14 year old still has 8 more years of investments...tho...
by renue74
Wed May 17, 2017 10:01 am
Forum: Personal Consumer Issues
Topic: Building a deck
Replies: 16
Views: 1659

Re: Building a deck

Like the other posted mentioned...how long will you stay in your home? The composite decking on the market is really excellent. They've changed their formulations so much since the early 2000s. Early on, there were issues with staining, mold, and lightening/discoloration. But the current composite u...
by renue74
Tue May 16, 2017 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Selling Rental Property to Tenant
Replies: 10
Views: 684

Re: Selling Rental Property to Tenant

I've sold houses to tenants before. Definitely, it's a state-by-state issue. In South Carolina this happens: 1.) No agent needed. 2.) I used a real estate closing attorney. They handle all the documentation submittals to the county, county stamp, title insurance, etc. Usually cost about $700 3.) Pro...
by renue74
Tue May 16, 2017 10:36 am
Forum: Personal Finance (Not Investing)
Topic: Is it legal to use a first mortgage for an investment property?
Replies: 40
Views: 2100

Re: Is it legal to use a first mortgage for an investment property?

I think this happens a lot. "Accidental" landlords. Maybe they were moved by their companies or the military. I'm interested in this....but never researched it....so I just quickly googled it and notice that FHA and some USDA loans put time restrictions on this. You must live in the house ...
by renue74
Sat May 13, 2017 10:17 pm
Forum: Personal Finance (Not Investing)
Topic: Setting a periodic transfer / Dealing with a fiscal beggar
Replies: 26
Views: 2472

Re: Setting a periodic transfer / Dealing with a fiscal beggar

I had a friend who gives $ to their sister in law. Same deal. No bank accounts, unemployed, etc.

He simply went to Western Union and wired money.
by renue74
Fri May 12, 2017 5:34 pm
Forum: Personal Finance (Not Investing)
Topic: Interested in lake property
Replies: 36
Views: 3757

Re: Interested in lake property

I've had friends go down this road. They get tied financially and psychologically (we can't go to XYZ, we have this lake house/mountain house ...). Then later the kids get a little older and don't want to go (little league, gymnastics, summer swim team .....), then teenagers ... This is true. My in...
by renue74
Fri May 12, 2017 8:35 am
Forum: Personal Consumer Issues
Topic: Price for brakes and rotors?
Replies: 73
Views: 2927

Re: Price for brakes and rotors?

About 2 years ago, I replaced the rotors and brakes (both axles) on my 2005 Honda Pilot on a Saturday. I had a friend help. It took me about 4 hours to do it. Some of the old rotors wouldn't come off, I had to replace a caliper pin and had to go a couple Auto zones to find the right one. You know......
by renue74
Thu May 11, 2017 4:29 pm
Forum: Personal Consumer Issues
Topic: Home Addition Costs
Replies: 19
Views: 1526

Re: Home Addition Costs

I just added a 10x28 rectangular addition onto the back of a 1935 craftsman rental house. Near Charlotte, NC. I got my general contractor to pull the permits for me...because as a landlord, I could not pull them for this house. In my area, a homeowner can "act a their own general contractor,&qu...
by renue74
Thu May 11, 2017 9:49 am
Forum: Personal Consumer Issues
Topic: LVP flooring installation DIY - your experience?
Replies: 10
Views: 739

Re: LVP flooring installation DIY - your experience?

The flooring is pretty much idiot proof. Reminds me of the old peel-n-stick tiles from the 70s/80s. The one thing you have to worry about is surface prep. Make sure the subfloor is even and the flooring will adhere to it. I put this stuff in a rental bathroom. (at the most 30 sq/ft)...in an old 1940...
by renue74
Wed May 10, 2017 8:20 pm
Forum: Personal Consumer Issues
Topic: Time savers - life on automation
Replies: 57
Views: 7196

Re: Time savers - life on automation

I didn't realize I needed a rice cooker until I read this thread. Just bought one on Amazon.
by renue74
Wed May 10, 2017 9:00 am
Forum: Investing - Help with Personal Investments
Topic: Portfolio Watch Concerns
Replies: 22
Views: 2022

Re: Portfolio Watch Concerns

I use the M* X-ray tool w/o paying the annual fee. All you have to do is sign up for an account with T. Rowe Price. I don't even think you have to have funds in TRP. I have 2 Roth IRAs there for my kids. Anyways....once you have a TRP account, go to: Planning & Research-->Asset Allocation In the...
by renue74
Mon May 08, 2017 7:42 pm
Forum: Investing - Help with Personal Investments
Topic: Retire Early?? Need a sense check
Replies: 41
Views: 6926

Re: Retire Early?? Need a sense check

Sorta off the subject, but how in the world do you spend $10,000 per month? I live near Charlotte, NC with a family of 4 and our expenses aren't close to that.
by renue74
Mon May 08, 2017 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Geico Homeowners Ins went up 11%
Replies: 24
Views: 2234

Re: Geico Homeowners Ins went up 11%

David Jay wrote:How much did your home increase in value in the last 12 months?


Zillow estimates (for what that's worth) says $20K appreciation June 2016 to present. ($261K to $281K)
by renue74
Mon May 08, 2017 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Geico Homeowners Ins went up 11%
Replies: 24
Views: 2234

Geico Homeowners Ins went up 11%

I switched to Geico from Allstate in June 2016. Moved cars, homesowners, and added umbrella policy at Geico. All the coverages were maxed out as a requirement for the umbrella policy. So....I just got my 1st year homeowners renewal and it went up 11%. June 2016 - $1095 June 2017 - $1220 I didn't hav...
by renue74
Sun May 07, 2017 11:01 pm
Forum: Investing - Theory, News & General
Topic: Can 8% rental income help my Early Retirement?
Replies: 35
Views: 3062

Re: Can 8% rental income help my Early Retirement?

Currently I have 4 rental properties...age 43. I plan to retire mid to late 50s and look at rental income as income to invest in my portfolio....but not as my rental cash flow. In my retirement, I don't wish to be bogged down with tenant issues. Even with 4 rentals (2 duplexes, 2 SFRs), I get at lea...
by renue74
Fri May 05, 2017 2:18 pm
Forum: Personal Finance (Not Investing)
Topic: wife offered her bosses position, questions
Replies: 17
Views: 1209

Re: wife offered her bosses position, questions

I own a small business and have been out of large corporate politics for 15+ years. But I can tell you when I did for for "the man," it was a predrawn conclusion that job requirements, assignments, and responsibilities were fairly fluid. 1.) Things change and her bosses boss shouldn't have...
by renue74
Fri May 05, 2017 9:54 am
Forum: Investing - Help with Personal Investments
Topic: Early Retirement Calculus
Replies: 31
Views: 7128

Re: Early Retirement Calculus

I'm 43 and am in a similar situation...but instead of "early retirement," I feel like most folks who would consider retiring in their 40s is at that stage in life not happy with their employment. Whether it not be societally fulfilling or personally fulfilling. Perhaps instead early retire...
by renue74
Thu May 04, 2017 3:18 pm
Forum: Personal Consumer Issues
Topic: Vacation ideas in the US south - Christmas 2017 - Galveston, St Augustine? Others?
Replies: 21
Views: 1058

Re: Vacation ideas in the US south - Christmas 2017 - Galveston, St Augustine? Others?

My parents retired to St. Augustine 30 years ago and I've been there many, many, many times. It is really a nice little area for some slow relaxing. • The old town and fort are nice to visit and the bay front is a great place to walk. • Anastasia Beach Park is very beautiful and not busy at all. Gre...
by renue74
Thu May 04, 2017 9:23 am
Forum: Personal Consumer Issues
Topic: Window Replacement Question
Replies: 20
Views: 1958

Re: Window Replacement Question

This depends on how long you plan to stay in your home. You say it's your 1st home, so maybe 5 years or less? If you don't plan to stay a long time, the return on investment for replacement windows will not make since for you. Yes...upgrading windows will save you on the energy bills. But how much d...
by renue74
Thu May 04, 2017 7:48 am
Forum: Personal Consumer Issues
Topic: Vexing electrical problem in the house
Replies: 54
Views: 3509

Re: Vexing electrical problem in the house

As others have said, the breaker box looks like the culprit. I just updated a 1935 house with knob and tube electrical to romex and a new 200 amp service and breaker box. Depending on what amp service you have, a breaker box is only $100 to $200 and then maybe $500-$1000 to have the electrician chan...
by renue74
Wed May 03, 2017 4:29 pm
Forum: Personal Consumer Issues
Topic: Dual-fuel and multi-zone HVAC?
Replies: 6
Views: 666

Re: Dual-fuel and multi-zone HVAC?

In the past, zone HVAC used servo motors to open/close vents. I'm told by a few HVAC guys that those motors or the controllers for them tend to "go out." It's been about 5 years since I heard this...so maybe the tech has gotten better.
by renue74
Wed May 03, 2017 10:34 am
Forum: Personal Consumer Issues
Topic: Where to Live on $60K or Less a Year?
Replies: 213
Views: 17839

Re: Where to Live on $60K or Less a Year?

Thailand has a large ex pat community. You would live like a king there.

Chaing Mai is a city in the north that has a very large ex pat community.
by renue74
Tue May 02, 2017 3:32 pm
Forum: Personal Consumer Issues
Topic: Buying a diamond ring
Replies: 57
Views: 3348

Re: Buying a diamond ring

I bought my wife's ring from a craigslist listing. :) It was the 1st engagement ring that her husband had bought that she didn't like. (I'm assuming she was high maintenance) Anyways....it was a 1 carat oval, white gold for a whopping $2900. I met the lady at the mall and we both walked into a shop ...
by renue74
Fri Apr 28, 2017 2:44 pm
Forum: Personal Consumer Issues
Topic: A Game of "Who is responsible"
Replies: 45
Views: 2772

Re: A Game of "Who is responsible"

It's a life lesson. We all have those. I once paid an HVAC guy $95 for a house call in the middle of the summer because my A/C was out in the house I just bought. Come to find out, there was a 2nd breaker box where the breaker was tripped...5 seconds later he turned it back on. (Now I know) I know m...
by renue74
Fri Apr 28, 2017 10:29 am
Forum: Investing - Help with Personal Investments
Topic: My Small Business 401k
Replies: 5
Views: 368

Re: My Small Business 401k

My business is similar in size to yours. We opted for a SIMPLE IRA 10+ years ago and this year I've been shopping around 401k plans. Take a look a Employee Fiduciary. The company specializes in small businesses and offer Vanguard funds as well as self directed options. My people already have a self ...
by renue74
Thu Apr 27, 2017 8:06 pm
Forum: Investing - Help with Personal Investments
Topic: Help Transitioning Taxable Account Assets
Replies: 5
Views: 394

Re: Help Transitioning Taxable Account Assets

livesoft saved me from years of capital gains in my taxable account. (I bit the bullet and moved around a lot of funds in my taxable last 2 years.) 1.) Make sure your 30% bond allocation is in a tax deferred account (401k) 2.) Use tax efficient funds in your taxable account (Vanguard Total Stock Mar...
by renue74
Thu Apr 27, 2017 7:53 pm
Forum: Personal Consumer Issues
Topic: Why I'm tempted to fix things myself; it's not about the money
Replies: 38
Views: 3849

Re: Why I'm tempted to fix things myself; it's not about the money

Everybody is busy. I'm rehabbing an old 1935 house taking it down to the studs, rewiring, new plumbing, a ton of new framing. I try to do most of the work myself, but need to pull permits on some of the work and that requires a GC and some trades (electrician, plumber). In my town, everybody is 2 we...
by renue74
Thu Apr 27, 2017 12:06 pm
Forum: Personal Finance (Not Investing)
Topic: 529- should I stop contributing?
Replies: 46
Views: 5317

Re: 529- should I stop contributing?

I'm assuming (?) that 200k at age 6 should cover any college/professional school by age 18-24; ditto for 100k at age 4, but if there is disagreement, I can continue to fund either or both. 200k isn't likely to be enough to cover any college/professional school. Top schools are about 60k/year today ...
by renue74
Thu Apr 27, 2017 7:27 am
Forum: Personal Consumer Issues
Topic: Hourly rate for carpenter?
Replies: 15
Views: 1680

Re: Hourly rate for carpenter?

Agree...get a carpenter to quote you a flat rate for the job. There's no room for padding the bill if it's a flat rate project. The carpenter will want to get in and get out as fast as they can.
by renue74
Wed Apr 26, 2017 9:11 pm
Forum: Personal Consumer Issues
Topic: Becoming a homeowner/landlord in a college town?
Replies: 43
Views: 3829

Re: Becoming a homeowner/landlord in a college town?

Average 3 BR house near our local college goes for $1500/month. ($500/bedroom...separate 12 month lease agreements) Go outside that walkable college area and it drops down to $1000. I bought a total gut job house 2 blocks from the college and have been renovating it since September...mostly doing al...
by renue74
Wed Apr 26, 2017 10:30 am
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 113
Views: 8959

Re: Why is Real-Estate so Bad?

I have 4 rental properties and have been doing it for about 3 years now. I also have some seller financed deals I did. Net income from RE goes into my taxable account for investing. It's not investing...it's work. Both investing and RE can go hand in hand. It's not an either/or situation. The funny ...
by renue74
Tue Apr 25, 2017 4:23 pm
Forum: Personal Consumer Issues
Topic: Fiberglass batt in basement ceiling
Replies: 20
Views: 1415

Re: Fiberglass batt in basement ceiling

First, Fiberglass batts absolutely retard air flow. The fiberglass isn't the insulator. The trapped air within the fiberglass is the insulator. For that to happen, the air must be kept stagnant. So I want to clear that up. Second, I left mine in when I finished the basement. A new cold air return w...
by renue74
Mon Apr 24, 2017 11:15 am
Forum: Personal Consumer Issues
Topic: Will cars be autonomous in three years?
Replies: 220
Views: 10586

Re: Will cars be autonomous in three years?

I live about 8 minutes from my office. Basically on the same street.

If I had the option to purchase an autonomous car that was "affordable," I would totally do it. I detest driving.

But that's not going to happen in 3 years.
by renue74
Mon Apr 24, 2017 10:01 am
Forum: Investing - Help with Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 113
Views: 8959

Re: Why is Real-Estate so Bad?

My overall conclusion about real estate is that what makes it "so bad" is that it's us, the little guys, competing with the economy of scale of the big guys. The era where Grandpa could accumulate a fortune buying duplexes is pretty much over. Because with computers and automation, the li...
by renue74
Sun Apr 23, 2017 11:38 pm
Forum: Personal Consumer Issues
Topic: Aftermarket batteries for cordless tools?
Replies: 10
Views: 1133

Re: Aftermarket batteries for cordless tools?

I've bought some chinese Milwaukee M18 knock offs for my Milwaukee circular saw and have been pleasantly surprised. I rehab houses and mainly work on the weekends....all day and will go through these batteries many times in a day. So far, works like a charm and good deal vs. the Milwaukee brand. I j...
by renue74
Fri Apr 21, 2017 1:26 pm
Forum: Personal Consumer Issues
Topic: basement shower options
Replies: 18
Views: 877

Re: basement shower options

I bought a Schulter Shower system and going to tile a shower in a high end rental I'm working on. Bathroom stuff is not cheap. Schulter Shower System ($500) 1/2" Hardie backer ($100) Thinset ($50) Subway Tile ($200) Shower Fixtures ($250) Glass (yet to be determined...but easily can be $400 for...
by renue74
Wed Apr 19, 2017 7:41 am
Forum: Personal Consumer Issues
Topic: iPhone Screen Replacement
Replies: 12
Views: 688

Re: iPhone Screen Replacement

I've gotten my iPhone 6 glass replaced at a place like that. Takes about an hour or so and cost me $110. The first time, the glass started coming off the phone about a month later. But, I took it back in and they replaced it again...and this time it's been fine. I would say it's been a good choice f...
by renue74
Tue Apr 18, 2017 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: Do you have an umbrella policy?
Replies: 129
Views: 12680

Re: Do you have an umbrella policy?

$3M Geico policy is $500/year. We have 3 rental properties on it. Live in S.C.

I feel like $500 is a lot, but I'm assuming the rentals jack it up a little.

All insurance switched to Geico last year. (Home, auto, umbrella)
by renue74
Tue Apr 18, 2017 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: What kind of stuff would you never DIY, assuming you could?
Replies: 75
Views: 6081

Re: What kind of stuff would you never DIY, assuming you could?

Anything to do with heights. I DIY tons of stuff and am in the middle of a 6 month remodel of a old house.

But any roofing or framing over 10 feet, I won't do. Also, I will never clean my gutters. It's worth $90 to have somebody do that.
by renue74
Tue Apr 18, 2017 1:19 pm
Forum: Personal Consumer Issues
Topic: Mens Blue Jeans - What are we buying now?!
Replies: 86
Views: 8099

Re: Mens Blue Jeans - What are we buying now?!

Denizen jeans found at Target. I think they are a private label version of Levi's.

Usually around the holidays they can be purchased for $10...but normally about $25.
by renue74
Mon Apr 17, 2017 5:26 pm
Forum: Investing - Help with Personal Investments
Topic: Real estate rate of return?
Replies: 34
Views: 3196

Re: Real estate rate of return?

Make sure your estimates are rock solid. Check out biggerpockets.com for more real estate info, but the "going rate" for a back of envelope estimate is 1% of total price = rent then it's a feasible rental. But you'll need to confirm the other expenses such as insurance, etc.
by renue74
Mon Apr 17, 2017 4:49 pm
Forum: Personal Consumer Issues
Topic: ROI for Boat Repair Project
Replies: 11
Views: 910

Re: ROI for Boat Repair Project

Most likely you won't get your money for the time put into these projects. From the "H" comments, this is a bad sign. If he's looking for a low interest loan, that would mean you loan him the money and he does the work. If he's looking for investment and manpower...he needs a partner. Most...

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