Search found 119 matches

by redrocker
Mon Jan 20, 2020 11:46 am
Forum: Personal Finance (Not Investing)
Topic: to pre-nup or not?
Replies: 92
Views: 6964

Re: to pre-nup or not?

There is an author of a popular book that was made into a movie a few years ago. No one ever gave me a good reason to read the popular book or watch the movie, but her follow up book about marriage intrigued me. In there, she views a pre nup as a means of insuring that you treat each other with res...
by redrocker
Thu Dec 05, 2019 5:39 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing out RE appreciation or keeping the rental cash flow?
Replies: 44
Views: 3519

Re: Cashing out RE appreciation or keeping the rental cash flow?

As for the response asking whether tenant demands are worth the $30k/yr, ... I was just asked to notify the 2nd floor tenant that they need to keep the bedroom noises down, but in a way that the 1st floor tenants wouldn't know they complained. I told them unless the violation constitutes calling th...
by redrocker
Wed Dec 04, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Cashing out RE appreciation or keeping the rental cash flow?
Replies: 44
Views: 3519

Re: Cashing out RE appreciation or keeping the rental cash flow?

Yeah, but I don't have a mortgage, so thats 380k of illiquidity. On days my tennants make demands of me, I want to sell. A few weeks later, I think... This is totally passive. Then they make additional demands of me, and I want to sell again. In the long run I can generally expect like 7% from equi...
by redrocker
Mon Dec 02, 2019 3:52 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing out RE appreciation or keeping the rental cash flow?
Replies: 44
Views: 3519

Re: Cashing out RE appreciation or keeping the rental cash flow?

I don't know all the rules, but you should work with a RE, and do a like kind transfer to another property, and from what someone told me is that it doesn't have to be another rental, he claims the rules are "very loose" for like kind transfers and you can but a retirement house and using the like ...
by redrocker
Mon Dec 02, 2019 3:40 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing out RE appreciation or keeping the rental cash flow?
Replies: 44
Views: 3519

Re: Cashing out RE appreciation or keeping the rental cash flow?

Wanted to update this thread as I heard an interesting idea (that I'm not sure is valid for what I would want to achieve). I read about the tactic of getting the house appraised prior to converting from partial residential to 100% rental, thus essentially locking in the appreciation and presumably l...
by redrocker
Wed Nov 27, 2019 9:18 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to depreciation and cap gains here?
Replies: 3
Views: 471

Re: What happens to depreciation and cap gains here?

The transfer of the rental property to your ex-spouse as part of a divorce settlement will be a nontaxable event for both you and him/her. Your ex will take over your adjusted basis and any other tax attributes. You will have a responsibility to provide your ex with documentation that supports your...
by redrocker
Wed Nov 27, 2019 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to depreciation and cap gains here?
Replies: 3
Views: 471

Re: What happens to depreciation and cap gains here?

Thought I'd bump this with it being the holiday and more eyes on the forum. Any help appreciated.
by redrocker
Sat Nov 23, 2019 12:20 pm
Forum: Personal Finance (Not Investing)
Topic: What happens to depreciation and cap gains here?
Replies: 3
Views: 471

What happens to depreciation and cap gains here?

As part of a divorce settlement, I signed over the rights of an investment rental property to my ex. It was previously in my name only The consent judgement has language that addresses the timing for her to refinance and some directive on what happens if she is unsuccessful on the first attempt. So ...
by redrocker
Mon Nov 11, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Seller's agent not letting us use a buyer's agent
Replies: 122
Views: 11178

Re: Seller's agent not letting us use a buyer's agent

jks1985 wrote:
Fri Nov 08, 2019 10:10 pm
How can he truly represent both parties? (Not to mention that this seller's agent, by his own admission, is long-term friends with the owner.)
That clinches it for me. You can not (and should not) expect your interests to be fairly represented by the seller's agent here.
by redrocker
Mon Nov 11, 2019 1:58 pm
Forum: Personal Consumer Issues
Topic: Saving seats on Southwest
Replies: 210
Views: 12023

Re: Saving seats on Southwest

I have to smirk when I see a post on Bogleheads that uses "cheapskate" like it's a bad word. On a forum dedicated to the principles of a man who's crowning achievement was "keeping costs low." I had a Companion Pass this year so I took many more flights than I usually do. Almost 100% of flights were...
by redrocker
Sun Nov 10, 2019 10:30 am
Forum: Personal Consumer Issues
Topic: House for Sale--How Much to Tell Potential Buyer
Replies: 35
Views: 2932

Re: House for Sale--How Much to Tell Potential Buyer

"Noise ordinances are meaningless when police can't be bothered with even more serious offenses like assault or worse." If your local police cannot be bothered with assault or worse you would be best to move out ASAP. Agreed. Only personal circumstances keep me here. But I suspect this city isn't t...
by redrocker
Sun Nov 10, 2019 10:26 am
Forum: Non-US Investing
Topic: Advantages for US persons abroad
Replies: 42
Views: 3662

Re: Advantages for US persons abroad

What are other advantages of being a US person overseas? Not personal experience but I know of several US citizens who live abroad and have access to much cheaper health insurance. In the absence of that, in some countries (S Korea for example) health insurance may even be eschewed by ex pats in mo...
by redrocker
Sun Nov 10, 2019 7:06 am
Forum: Personal Consumer Issues
Topic: House for Sale--How Much to Tell Potential Buyer
Replies: 35
Views: 2932

Re: House for Sale--How Much to Tell Potential Buyer

.......my neighborhood has very early trash pick up twice a week at 5am and it is LOUD. ..... Maybe it's different by state? OMG. I can't believe what I am reading here. 5 am? Why are you putting up with this abuse? Do you live in some unincorporated area, i.e., no local regs or ordinances within y...
by redrocker
Sat Nov 09, 2019 8:13 pm
Forum: Personal Consumer Issues
Topic: House for Sale--How Much to Tell Potential Buyer
Replies: 35
Views: 2932

Re: House for Sale--How Much to Tell Potential Buyer

... one has to assume the seller did not disclose the daily very loud leaf blower noise (which is required by on the seller disclosure form or else seller could be sued) Is that really a legal requirement though? I mean, for instance my neighborhood has very early trash pick up twice a week at 5am ...
by redrocker
Mon Oct 28, 2019 12:41 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 802
Views: 83022

Re: Why are you NOT buying rental properties?

Other silly discussions of how rental property takes tons of extra time or is a second job. This is far, far from true. There's a reason it's called passive income. Rental property is a business. Like all other non-sole proprietors the decision is made to add employees, to add consultants and subs,...
by redrocker
Thu Oct 17, 2019 2:12 pm
Forum: Personal Consumer Issues
Topic: SodaStream: a good replacement for Costco Kirkland sparkling water?
Replies: 25
Views: 3074

Re: SodaStream: a good replacement for Costco Kirkland sparkling water?

If you really want a lot of carbonated water at the cheapest price, get a homebrew CO2 bottle/regulator (~$200?) and a soda bottle adapter for it. keep the whole thing in the fridge or find a way to route the CO2 tube in to the fridge. I've gone this route and while cost effective, it isn't as simp...
by redrocker
Fri Oct 11, 2019 4:56 pm
Forum: Personal Consumer Issues
Topic: Replace water heater just because it's old?
Replies: 73
Views: 6330

Re: Replace water heater just because it's old?

Do you have gas? Tankless is the way to go if you feel like spending money I tried to convince myself to go tankless. I have gas and the install would be on an exterior wall so the extra venting considerations (which can be significantly costly to install) weren't an issue. However, the increased m...
by redrocker
Mon Sep 30, 2019 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Laid off, but going to be OK! A thank you post.
Replies: 16
Views: 4325

Re: Laid off, but going to be OK! A thank you post.

Last week I was laid off from my company, at age 29. I've been there since college and I had a great experience there, advancing to upper-middle management. Will be interesting to hear where you end up... if it's the same industry/similar role or if there's something else that sparks your passion t...
by redrocker
Mon Sep 30, 2019 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing out RE appreciation or keeping the rental cash flow?
Replies: 44
Views: 3519

Re: Cashing out RE appreciation or keeping the rental cash flow?

How are you losing money on the depreciation? You should be making money off the depreciation. The depreciation should increase your net. I understand that I'm not "losing money on depreciation," those two different numbers from my Schedule E were roughly Line 21 and Line 21 with Line 18 added back...
by redrocker
Sun Sep 29, 2019 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing out RE appreciation or keeping the rental cash flow?
Replies: 44
Views: 3519

Re: Cashing out RE appreciation or keeping the rental cash flow?

I'd check with a tax professional since 2/3 was used as a rental property. I have a feeling you're only get a proportion of the exemption and only if you're married. Yes, only a portion of the gain will be eligible for the principal residence exclusion. Both sales proceeds and basis must be allocat...
by redrocker
Fri Sep 27, 2019 4:47 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing out RE appreciation or keeping the rental cash flow?
Replies: 44
Views: 3519

Re: Cashing out RE appreciation or keeping the rental cash flow?

Also consider doing a 1031 exchange for a property that would be easier to manage. I need to do a little digging to confirm but I don't believe a 1031 is applicable when I'm selling my primary residence. However, that might be a complicated answer since 2/3s of the property has been used as rental.
by redrocker
Fri Sep 27, 2019 10:44 am
Forum: Personal Finance (Not Investing)
Topic: Cashing out RE appreciation or keeping the rental cash flow?
Replies: 44
Views: 3519

Re: Cashing out RE appreciation or keeping the rental cash flow?

Take your stack of money, pay your cap gains taxes and enjoy your profit! :beer Your situation does sound similar. As for cap gains, I've claimed a homestead exemption on this particular property and lived in one of its units since purchase so my understanding is that I'm exempt from the first 500k...
by redrocker
Fri Sep 27, 2019 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Cashing out RE appreciation or keeping the rental cash flow?
Replies: 44
Views: 3519

Re: Cashing out RE appreciation or keeping the rental cash flow?

Sounds to me like you’re just trying to justify something you’ve already decided to do. That's just it, I haven't committed to a decision yet. I've been occasionally prone to making emotional decisions in the past and I've found the counsel of others helpful in avoiding mistakes. That said, in retr...
by redrocker
Thu Sep 26, 2019 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Cashing out RE appreciation or keeping the rental cash flow?
Replies: 44
Views: 3519

Cashing out RE appreciation or keeping the rental cash flow?

I'm seriously considering selling my largest rental property (a large triplex) to cash on on the appreciation, reduce my real estate exposure, and reduce my personal stress/anxiety levels. My thinking has shifted gradually regarding the long term plans for this house. I bought it in 2010 and for yea...
by redrocker
Tue Sep 24, 2019 11:00 pm
Forum: Personal Consumer Issues
Topic: Buying a home with unpermitted addition
Replies: 59
Views: 6597

Re: Buying a home with unpermitted addition

I asked that the sellers take care of getting everything legitimized with the city but their Realtor is saying they are unwilling to do this and want to sell it as is. After all, they bought it as is. They want to sell quickly because they're buying another house and don't want to deal with it. App...
by redrocker
Sat Sep 21, 2019 8:39 pm
Forum: Personal Consumer Issues
Topic: eBay Doesn't match Description or Photos or Missing Parts
Replies: 52
Views: 2811

Re: eBay Doesn't match Description or Photos or Missing Parts

Seller should not have closed case in his own and issued refund, thereby cancelling any prepaid shipping label if he really wanted item back. As an eBay seller myself, and a not quite perfect human being to boot, when I read things like this it just reinforces my growing conviction to move all my d...
by redrocker
Sun Sep 08, 2019 11:51 am
Forum: Personal Consumer Issues
Topic: semi-DIY solar panels
Replies: 39
Views: 3436

Re: semi-DIY solar panels

Yesterday, I stumbled on this guy's experience with a DIY solar project (yeah, I know he & his blog are a bit controversial here). https://www.mrmoneymustache.com/2018/02/07/diy-solar-power/ He claims he built a 3600 watt system for $3,900. Which, at his estimate of $732/yr in electrical savings put...
by redrocker
Mon Sep 02, 2019 10:27 am
Forum: Personal Consumer Issues
Topic: semi-DIY solar panels
Replies: 39
Views: 3436

Re: semi-DIY solar panels

IMO the biggest risk is changes to the regulatory structure affecting compensation rates. Will your system still pay for itself if you only get paid the wholesale rate for electricity you put back into the grid? Can this problem be addressed by "undersizing" the system so that it never generates mo...
by redrocker
Sun Aug 04, 2019 6:05 pm
Forum: Personal Finance (Not Investing)
Topic: The middle of this feels... odd
Replies: 16
Views: 3610

Re: The middle of this feels... odd

I'm asking for advice for a feeling I can't quite put my finger on... Perhaps someone can help me verbalize these feelings and give some clarify from someone who's been here before. Not sure where you are in terms of reaching your "number", your age, your current income, etc... With the caveat that...
by redrocker
Mon Feb 18, 2019 9:02 am
Forum: Personal Consumer Issues
Topic: First thing(s) you'd do when you achieve financial independence?
Replies: 73
Views: 6366

Re: First thing(s) you'd do when you achieve financial independence?

You work hard for a purpose. The moment you cross the finish line, what are the first things you would do? 1) increase spending by doing presumably the same things just in a fancier manner. 2) increase spending (and possibly mental/emotional strain) with increased exposure in personal real estate 3...
by redrocker
Wed Feb 13, 2019 1:37 pm
Forum: Personal Finance (Not Investing)
Topic: Child & Dependent Care Credit when not both simultaneously working
Replies: 3
Views: 261

Re: Child & Dependent Care Credit when not both simultaneously working

I have been under the impression that the rules are primarily concerned with whether both parents (assuming not a single parent household) had earned income within the calendar year. Granted, I personally will file with a W2 and a 1099 so it won't be apparent to the IRS within which months the incom...
by redrocker
Thu Dec 20, 2018 12:44 pm
Forum: Personal Finance (Not Investing)
Topic: Mr. Money Mustache, SWR, and equity allocation
Replies: 524
Views: 43346

Re: Mr. Money Mustache, SWR, and equity allocation

Then he quickly brushes off the risk of a health plan with a $15k deductible for a family of four living on $40k/year. Sure, no sweat! He's a Canadian citizen and back in the early days of the blog admitted that was his fallback if/when the US Healthcare situation becomes untenable. It's yet anothe...
by redrocker
Mon Dec 17, 2018 12:29 am
Forum: Personal Finance (Not Investing)
Topic: Airbnb as side gig
Replies: 44
Views: 3259

Re: Airbnb as side gig

-Free $1M protection for property damage -Free $1M liability insurance One thing to keep in mind is how frequently I've seen headlines of extensive damage left behind by airbnb guests. These are usually for large parties that get out of control. What I find interesting is that virtually ever story ...
by redrocker
Fri Nov 23, 2018 1:04 pm
Forum: Personal Investments
Topic: Stock market performance impact on dividends?
Replies: 2
Views: 569

Re: Stock market performance impact on dividends?

Alexa9 wrote:
Thu Nov 22, 2018 10:43 am
VTSAX dividend history:

https://www.dividendinvestor.com/divide ... ail/vtsax/
This was a little more what I was looking for:
https://www.brightscope.com/financial-p ... -Payments/
by redrocker
Thu Nov 22, 2018 10:39 am
Forum: Personal Investments
Topic: Stock market performance impact on dividends?
Replies: 2
Views: 569

Stock market performance impact on dividends?

Happy Thanksgiving to any forum members actively (or passively) avoiding family members in favor of financial forum time like I am. I'm trying to estimate my income for 2018 and for ACA eligibility when I reconcile for the whole year. With the market currently in correction territory I found myself ...
by redrocker
Sat Jul 28, 2018 8:10 pm
Forum: Personal Consumer Issues
Topic: Wood Tile Floor vs Luxury Vinyl Plank
Replies: 7
Views: 841

Re: Wood Tile Floor vs Luxury Vinyl Plank

I've done both. I prefer the cost and relative ease of install of the LVP. I don't like the feel of the particular tile I used and I don't look forward to maintaining that grout. I posted pictures in a past thread on a similar topic here: https://www.bogleheads.org/forum/viewtopic.php?f=11&t=210412#...
by redrocker
Thu Jun 28, 2018 12:02 pm
Forum: Personal Consumer Issues
Topic: Tequila and Magaritas
Replies: 122
Views: 15489

Re: Tequila and Magaritas

Any new thoughts from the hosting crowd as we move into the hottest time of the year? Surprised not to see it mentioned in this thread yet but I enjoy subbing in mezcal for about 1/3 of the tequila in whichever recipe you use. Gives it a nice smokiness without being overpowering (say if you used ju...
by redrocker
Fri Mar 16, 2018 10:06 pm
Forum: Personal Consumer Issues
Topic: What is your favorite reasonably priced Rum?
Replies: 48
Views: 5329

Re: What is your favorite reasonably priced Rum?

If you can find it, Don Q Anejo is what I'd consider a good rum for a reasonable cost (~$18/btl).
El Dorado 12 year or older is also good but has a lot of sweetness, I'm guessing some sugar is added at the end. And it's in the $30/btl range.
by redrocker
Wed Dec 27, 2017 1:12 pm
Forum: Personal Investments
Topic: Tax gain harvesting w/ Vanguard & getting that money reinvested
Replies: 14
Views: 2272

Re: Tax gain harvesting w/ Vanguard & getting that money reinvested

Tuesday came and went without a notification or email about the scheduled sale, although I could see the "P" for pending under my VTSAX current holdings. Got an email at 11am today saying my transaction confirmation was ready and I wasn't sure whether it was for the sale or if Vanguard had attempted...
by redrocker
Sat Dec 23, 2017 7:37 pm
Forum: Personal Investments
Topic: Tax gain harvesting w/ Vanguard & getting that money reinvested
Replies: 14
Views: 2272

Re: Tax gain harvesting w/ Vanguard & getting that money reinvested

Thanks y'all. Making the sale Tuesday. I've set up an automatic investment for Wednesday. I didn't realize (since I hadn't done this before) that if the specified amount isn't available that Vanguard would attempt to make the investment with whatever funds are available. If I hit a snag, I'll post a...
by redrocker
Fri Dec 22, 2017 7:45 pm
Forum: Personal Investments
Topic: Tax gain harvesting w/ Vanguard & getting that money reinvested
Replies: 14
Views: 2272

Re: Tax gain harvesting w/ Vanguard & getting that money reinvested

I bought more shares of VTIAX in the exact same account by automatic investing. Maybe I'm missing it but I've read the thread and I don't see an explanation for how you set up the automatic investing portion of the action. To clarify, I'm looking to sell about $85,000 of VTSAX out of the 94,000 tha...
by redrocker
Fri Dec 22, 2017 10:15 am
Forum: Personal Investments
Topic: Tax gain harvesting w/ Vanguard & getting that money reinvested
Replies: 14
Views: 2272

Re: Tax gain harvesting w/ Vanguard & getting that money reinvested

livesoft wrote:
Fri Dec 22, 2017 10:13 am
Perhaps you are simply gobsmacked at how easy it is and that is throwing you off.
As a general rule I try to never rule out that possibility.
by redrocker
Fri Dec 22, 2017 10:09 am
Forum: Personal Investments
Topic: Tax gain harvesting w/ Vanguard & getting that money reinvested
Replies: 14
Views: 2272

Tax gain harvesting w/ Vanguard & getting that money reinvested

I have $94,000 in VTSAX in my brokerage account, a long term gain of $24,700. Due to lower than predicted income from rental properties, I have about $22k of additional income I could report without exceeding the income I estimated for ACA purposes (and tax purposes). I'd like to harvest the gains p...
by redrocker
Wed Nov 22, 2017 9:29 pm
Forum: Personal Consumer Issues
Topic: Your favorite Costco wines?
Replies: 40
Views: 5917

Re: Your favorite Costco wines?

sco wrote:
Mon Nov 20, 2017 4:39 pm
You can also go in anytime, with a gift card purchased by a member.
This loophole does *not* allow you to buy alcohol and some other items such as glasses/contacts. At least, that's what my Costco told me multiple times.
by redrocker
Fri Sep 15, 2017 10:42 am
Forum: Personal Consumer Issues
Topic: Should I upgrade an old but functional vanity?
Replies: 23
Views: 1977

Re: Should I upgrade an old but functional vanity?

If it's solid wood, I'd bear in mind that every single vanity at the big box stores has a significant amount of MDF in its construction.
by redrocker
Mon Sep 11, 2017 8:43 am
Forum: Personal Investments
Topic: Financial Independence Mindset
Replies: 83
Views: 8467

Re: Financial Independence Mindset

Always have been a huge Root of Good fan, Mr. MM comes to mind as well. The Doc deliberately had a very specific/narrow example he was looking for to make his inaccurate point: show me someone who didn't diversify at all in real estate, used index investing on less than 6 figures (ya know, "average...
by redrocker
Mon Sep 11, 2017 8:26 am
Forum: Personal Investments
Topic: Financial Independence Mindset
Replies: 83
Views: 8467

Re: Financial Independence Mindset

Focus on how you could invest in index funds and retire in under 30 years. The math just doesn't work out. The idealistic example presented above it took about 33 years. I do wish you'd quit suggesting that something you personally didn't try isn't possible. Logical fallacy. Show me a scenario wher...
by redrocker
Sun Sep 10, 2017 9:27 pm
Forum: Personal Finance (Not Investing)
Topic: AirBnB Hosting - In lieu of traditional rentals
Replies: 13
Views: 2630

Re: AirBnB Hosting - In lieu of traditional rentals

Have your friend show you his numbers. Keep in mind you'll pay all utilities, which will knock a chunk off your net compared to traditional rental. If you're in a city that has legalized and levies taxes, that affects your profitability. If you're in a city that hasn't legalized, fines could potenti...
by redrocker
Sun Sep 10, 2017 9:14 pm
Forum: Personal Investments
Topic: Financial Independence Mindset
Replies: 83
Views: 8467

Re: Financial Independence Mindset

By the way, to save "one year of annual expense every year" like you mentioned above, you would need to save 50% of your income. Since the average American saves $0, I would consider a 20% savings rate very sizable and respectable. What the average American does isn't all that relevant in a forum m...
by redrocker
Sat Sep 09, 2017 12:28 pm
Forum: Personal Investments
Topic: Financial Independence Mindset
Replies: 83
Views: 8467

Re: Financial Independence Mindset

My question is I hear of people that take a year off to travel the world etc. If I am 35 and have a 400k dollar net worth I only feel like I have 10k in my checking to live off of because I would be afraid to access other accounts like Roth contributions. Do I need to be saving more money into my B...