Search found 218 matches

by rocket354
Wed Feb 13, 2019 12:44 am
Forum: Personal Consumer Issues
Topic: Best Mattress Close to Original Tempurpedic
Replies: 23
Views: 2292

Re: Best Mattress Close to Original Tempurpedic

I had a Tempurpedic from 2005 that lasted 12 years, but was clearly in need of replacement. However, I did not like the current Tempurpedic prices, so I went through a long list of online bed-in-a-box sellers (Casper, Purple, Tuft and Needle, etc). I kept the Purple. However, if you like firm, I wou...
by rocket354
Sun Jan 27, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate as Passive Income
Replies: 45
Views: 2879

Re: Real Estate as Passive Income

Thanks for the suggestion. I have done this and it would be positive with a 30 year loan, about $500 monthly. Certainly not worth refinancing for since my current loan rate is 3%. I really don't understand the need for positive cash flow while mortgaged. If viewed as a retirement account, nearly al...
by rocket354
Sun Jan 27, 2019 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate as Passive Income
Replies: 45
Views: 2879

Re: Real Estate as Passive Income

1) Being a landlord is not passive. It is active, especially early on for a first-timer as there's a lot you'll need to learn. 2) Your 401k, IRA, etc are not cash-flow negative. If you pay $19,000 into your 401k then you have $19,000 in your account, plus all expected future growth. If your mortgage...
by rocket354
Mon Jan 21, 2019 11:40 am
Forum: Personal Finance (Not Investing)
Topic: Help with Credit card debt planning - advice
Replies: 10
Views: 640

Re: Help with Credit card debt planning - advice

What are the APRs for each CC? Monthly payment? What are your minimum monthly expenses outside of your CC debt? What is your rent?
by rocket354
Mon Jan 21, 2019 12:48 am
Forum: Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 221
Views: 16781

Re: Why are you NOT buying rental properties?

I guess given the title of this thread, it shouldn't be a surprise that people are piling on real estate investment. Much like any other area of life, people focus on the negatives. There are awful tenants out there (and awful landlords!) but I think the stories of druggies and trashed houses are pr...
by rocket354
Sun Jan 13, 2019 11:12 pm
Forum: Personal Consumer Issues
Topic: [Peter Jackson’s “They shall not grow old” - now showing Jan 21]
Replies: 75
Views: 9582

Re: Encore performance Jan. 21: Peter Jackson’s “They shall not grow old”

I've been trying for 2 hours to get a response from website... it won't let me pay online?? Anyone else having these issues? I bought my ticket in December with the Atom app (I had a $7 off discount code). Thanks to this thread, I just bought my ticket. $18, but sounds like it's worth it. In a very...
by rocket354
Sun Jan 13, 2019 11:05 pm
Forum: Personal Consumer Issues
Topic: Recommendations for a 9mm handgun
Replies: 171
Views: 12825

Re: Recommendations for a 9mm handgun

^^^ Let me emphasize the importance of learning fear and respect. A cardinal principal "the gun is always loaded" has been taught to me since I was a kid. A few years ago, a friend of mine wanted to show me her H&K 9 mm. She handed it to me to get a feel for it. This was inside a home. Assuming the...
by rocket354
Thu Dec 20, 2018 10:42 pm
Forum: Personal Finance (Not Investing)
Topic: Buying vs renting - can I afford either?
Replies: 30
Views: 2289

Re: Buying vs renting - can I afford either?

Maybe get a tinyhouse somewhere? Pay cash, rent the land for cheap (or even buy since the houses are so cheap) then you can live by yourself very inexpensively, even with modest SS income. Here's an example of manufactured ones: https://www.tumbleweedhouses.com/ . I don't know anything about that br...
by rocket354
Mon Dec 17, 2018 8:44 pm
Forum: Personal Consumer Issues
Topic: When has being frugal or cheaping out bit you in the rear?
Replies: 109
Views: 8295

Re: When has being frugal or cheating out bit you in the rear?

Let's see. Years ago I was searching out international flights, and found one that left from an airport a 3-4 hour drive away that was cheaper than the one from the airport 20 mins away. It was approximately $100 cheaper after gas+ticket+parking was all added up. Patting myself on the back, I purcha...
by rocket354
Sun Dec 02, 2018 1:57 pm
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 119
Views: 10907

Re: Why is Costco gas so much cheaper

And it's ridiculous to say you're going to burn much gas waiting. Value of your time in waiting is the issue. And it could be a non trivial amount of gas to *get* to Costco. Ours is 11 miles one way from our house, so we only go to Costco for fairly big shopping trips and only get gas there on thos...
by rocket354
Sun Dec 02, 2018 10:56 am
Forum: Personal Consumer Issues
Topic: Why is Costco gas so much cheaper
Replies: 119
Views: 10907

Re: Why is Costco gas so much cheaper

I just checked my nearest Costco (Brentwood, TN) gas prices online. They are $2.07 for regular and $2.45 for premium. The Costco website also lists the prices at six nearby major brand gas stations with their price for regular being $2.75. I did not realize there is such a differential. And you'll ...
by rocket354
Sun Nov 25, 2018 9:13 pm
Forum: Investing - Theory, News & General
Topic: What to track/manage: Spending vs Saving
Replies: 10
Views: 1057

Re: What to track/manage: Spending vs Saving

You are saving more than you are spending each year, which is an extraordinarily good sign. In fact, since you seem to be looking for a benchmark, that might be an appropriate one for your situation: as long as you save at least as much as you spend, you have "passed." You are in fine shape, althoug...
by rocket354
Fri Nov 02, 2018 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Is an MBA worth it these days?
Replies: 53
Views: 6439

Re: Is an MBA worth it these days?

Once you consider forgone salary, $250+k for a top MBA is daunting, perhaps much lower tuition and no loss of salary at a part time program will still get you where you want to go. Holy grail of this approach is finding an employer who offers tuition benefits while you go to school at night. UT's M...
by rocket354
Fri Nov 02, 2018 12:33 pm
Forum: Personal Consumer Issues
Topic: Weight Training After 70
Replies: 33
Views: 2456

Re: Weight Training After 70

Talking about exercise is like talking about diets (as someone above mentioned)...or religion. There's as many opinions as there are people, even amongst the "experts." And sometimes disagreements can get testy. Two things that I think are universal, are that weight training is great for your physic...
by rocket354
Wed Oct 31, 2018 11:29 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth uncertainty
Replies: 4
Views: 319

Re: Backdoor Roth uncertainty

Roth eligibility is determined by adjusted gross, so your traditional 401k contributions would have an effect. We just contribute to IRAs when we do taxes. That outs us over a year behind in contributions from folks who act in January, but it means we are making an informed decision. We have been r...
by rocket354
Wed Oct 31, 2018 10:56 am
Forum: Personal Finance (Not Investing)
Topic: Backdoor Roth uncertainty
Replies: 4
Views: 319

Backdoor Roth uncertainty

I like to do my Roth contribution in full on Jan 2 of each year. However, for 2019, my understanding is that the individual income limit for a full Roth contribution will be around $122k, past which the Roth limit slowly decreases. My problem is that next year I stand a 50/50 chance of surpassing th...
by rocket354
Mon Oct 29, 2018 11:25 am
Forum: Personal Consumer Issues
Topic: When to get a new toilet?
Replies: 52
Views: 3963

Re: When to get a new toilet?

OP here. Just to clarify some: I am an out-of-town landlord, so doing the work myself is not an option. That particular toilet has been repaired frequently. This piece, that piece, etc, one at a time usually at a cost of $100-150. It has been repaired almost annual, probably every 1.5-2 years. The p...
by rocket354
Sun Oct 28, 2018 10:57 am
Forum: Personal Consumer Issues
Topic: When to get a new toilet?
Replies: 52
Views: 3963

When to get a new toilet?

I just had a plumber recommend to me a new toilet. It was always running, and repairing it has become almost an annual affair. He said my options were either $265 to replace all the innards, or $400 to just replace it with a more modern and efficient toilet (current one is 28 years old). This new on...
by rocket354
Sun Oct 21, 2018 7:57 pm
Forum: Personal Investments
Topic: Should I sell or rent out my bay area house?
Replies: 27
Views: 2879

Re: Should I sell or rent out my bay area house?

I don't want to manage rental long distance. ... I will not have positive cash flow. ... Selling is more straight forward I think you've answered your own question. Prices have gone crazy, but that does not mean they will continue to. Enjoy the gains you've probably gotten, and worry about what may...
by rocket354
Sun Oct 21, 2018 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Where would you go for financial guidance if you win the Megamillions?
Replies: 188
Views: 17180

Re: Where would you go for financial guidance if you win the Megamillions?

So, the odds of winning are about 1/302,000,000 and the pot is about $1 Bil. So expected value is between $3 and $4. So, maybe go for 2 tickets this time. I gotta go get another one. That is provided that the pot is not split. Given the higher level of interest, it's more likely to have multiple ti...
by rocket354
Thu Oct 11, 2018 2:07 pm
Forum: Investing - Theory, News & General
Topic: Remembering the Lessons of the 2008 Financial Crisis - Allan Roth
Replies: 3
Views: 1177

Re: Remembering the Lessons of the 2008 Financial Crisis - Allan Roth

I had bought a house at the peak in 2006. I was 92/8 when the crash occurred. My net worth dropped 150% during the GFC. I now own three properties, and I'm 100/0. I am 10 years older with less time to recover, but still plenty of time. If these last couple days are just a prelude to a bigger plunge,...
by rocket354
Wed Oct 10, 2018 12:40 pm
Forum: Personal Consumer Issues
Topic: Grand Canyon (LV) - is $80 ticket price for Sky Walk worth it
Replies: 14
Views: 1404

Re: Grand Canyon (LV) - is $80 ticket price for Sky Walk worth it

I went to the skywalk a few years ago. It was definitely not worth it. The view wasn't nearly as great as advertised, it was very expensive per person, they didn't allow cameras, and after about 15 mins of standing there we just shrugged and left. And that was traveling from Las Vegas, so it was abo...
by rocket354
Mon Oct 08, 2018 10:45 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating properties in your Net Worth?
Replies: 10
Views: 1034

Re: Calculating properties in your Net Worth?

until you sell it, it is a stab in the dark. I own a condo in a complex where all the units are the same floor plan. The last three sales in the complex, of pretty equally renovated units, were 210k, 250k, 230k. So how much is mine? Online estimates for mine range from $240k - $270k (?? -- we've ne...
by rocket354
Mon Oct 08, 2018 10:26 pm
Forum: Personal Finance (Not Investing)
Topic: Calculating properties in your Net Worth?
Replies: 10
Views: 1034

Re: Calculating properties in your Net Worth?

until you sell it, it is a stab in the dark. I own a condo in a complex where all the units are the same floor plan. The last three sales in the complex, of pretty equally renovated units, were 210k, 250k, 230k. So how much is mine? Online estimates for mine range from $240k - $270k (?? -- we've nev...
by rocket354
Wed Sep 26, 2018 10:34 pm
Forum: Personal Consumer Issues
Topic: How to buy a mattress
Replies: 46
Views: 3610

Re: How to buy a mattress

I've tried a number of the bed-in-a-box companies. I thought all sold quality mattresses, although I'm a picky sleeper and so I did go through a few before settling on Purple. Note that memory foam always takes a little while to break in and soften. Purple and Casper were the softest out of the box,...
by rocket354
Sat Sep 22, 2018 9:51 am
Forum: Personal Investments
Topic: Getting Started with Rental Property Investments
Replies: 8
Views: 963

Re: Getting Started with Rental Property Investments

..... I’d also recommend against buying a condo for a rental as the HOA will kill any cash flow opportunity. .... My rental condo balance sheet and net monthly cash flow begs to differ. :D Yeah HOA dues seem to often be misunderstood (the actual HOA is another matter). HOA dues cover the costs of i...
by rocket354
Wed Sep 19, 2018 12:45 pm
Forum: Investing - Theory, News & General
Topic: “Majority of working-age Americans have no retirement savings”
Replies: 73
Views: 4296

Re: “Majority of working-age Americans have no retirement savings”

From the article: Using U.S. Census Bureau data, the institute also found 57% of working-age Americans — more than 100 million people — don't have retirement assets in an employer-sponsored defined contribution plan, pension plan or individual retirement account. and: The NIRS report noted that even...
by rocket354
Sun Sep 16, 2018 5:16 pm
Forum: Personal Investments
Topic: Paying off mortgage with 87K left on it
Replies: 69
Views: 6445

Re: Paying off mortgage with 87K left on it

Congrats to the OP! I just bought a house a few months ago so I'm clear at the other end of the spectrum. But it's nice to live vicariously through others :) Re: recasting mortgages. However you want to slice or dice it, whether you "pay more" interest depends on what you are comparing. My CU, for e...
by rocket354
Tue Sep 04, 2018 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 8108

Re: I still use cash not credit cards should I reconsider?

Just an update. Yesterday got my Capital One QuickSilver card. 1.5% cash back with a $200 bonus if I spend $1000 within 3 months. I'm going to use less cash and use this card for a few months and see how it feels. I admit I'm feeling a bit excited to spend the first $1K. I need to buy a grill and t...
by rocket354
Fri Aug 24, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: I still use cash not credit cards should I reconsider?
Replies: 102
Views: 8108

Re: I still use cash not credit cards should I reconsider?

My points will probably be a collection of previously made points: 1) By going to CC you get free money in the form of sign-up bonuses and cash back. Some of these can be pretty lucrative--from one sign-up bonus, I've gotten airline miles which have translated into about $1000 in what I would have s...
by rocket354
Tue Aug 07, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage question
Replies: 20
Views: 1933

Re: Mortgage question

It depends on what you mean by "better." By how you likely mean it (which pays down the mortgage faster?) then paying the $1000/mo is better. The reason is that every payment you make lowers the principal some and therefore reduces the interest on the next payment, thereby increasing the principal p...
by rocket354
Sun Jul 29, 2018 5:26 pm
Forum: Investing - Theory, News & General
Topic: Buying a home [as a safe investment]
Replies: 42
Views: 3417

Re: Buying a home

These arguments have been going back and forth for a long time and mostly result in people talking past each other. Despite that, I will give some real-life numbers to reflect the true comparison which is not buying a home vs investing, rather it is buying a home vs renting. Don't you have to accou...
by rocket354
Sun Jul 29, 2018 5:18 pm
Forum: Investing - Theory, News & General
Topic: Buying a home [as a safe investment]
Replies: 42
Views: 3417

Re: Buying a home

Since owning vs renting the same apartment is the exact same activity, something exogenous must be accounting for the difference in outcomes. It's not clear to me what these are, and I wonder if you could explain, I don't see anything about tax savings, so I guess that's not it. Is it appreciation ...
by rocket354
Sun Jul 29, 2018 4:42 pm
Forum: Investing - Theory, News & General
Topic: Buying a home [as a safe investment]
Replies: 42
Views: 3417

Re: Buying a home

These arguments have been going back and forth for a long time and mostly result in people talking past each other. Despite that, I will give some real-life numbers to reflect the true comparison which is not buying a home vs investing, rather it is buying a home vs renting. Don't you have to accou...
by rocket354
Sun Jul 29, 2018 2:54 pm
Forum: Investing - Theory, News & General
Topic: Buying a home [as a safe investment]
Replies: 42
Views: 3417

Re: Buying a home

These arguments have been going back and forth for a long time and mostly result in people talking past each other. Despite that, I will give some real-life numbers to reflect the true comparison which is not buying a home vs investing, rather it is buying a home vs renting. I believe the smartest t...
by rocket354
Thu May 31, 2018 11:07 am
Forum: Personal Consumer Issues
Topic: Thoughts on Buying a "Flipped" House?
Replies: 27
Views: 3454

Re: Thoughts on Buying a "Flipped" House?

I live in an area where it's hard not to buy a flip. It's a hot market with tons of houses from the 20's-50's getting bought, renovated, and put back on the market four months later. I agree with others: be very wary. Many houses I saw had obvious corner-cutting to my amateur eye--floors that weren'...
by rocket354
Wed May 02, 2018 11:03 pm
Forum: Personal Investments
Topic: How and when to save for real estate
Replies: 12
Views: 1699

Re: How and when to save for real estate

Thanks any suggestions of books or good blogs? biggerpockets is a great forum for RE investing. I will say that if you plan on buying an investment property, using leverage is the absolute way to go. A 25-30% down payment will get you in with a good rate fixed mortgage. Tying up a bunch of your sav...
by rocket354
Wed May 02, 2018 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Optum HSA Fee Increase Notice
Replies: 16
Views: 2491

Re: Optum HSA Fee Increase Notice

I just checked my account and the fee is for an average balance of $500 :oops: (not $5000 ) You scared me there for a moment. :beer Curiously, my previous employer still pays that fee for me. I re-checked the Optum notice and sure enough it is $5000 (and sadly not $500) for me. I guess this shows t...
by rocket354
Mon Apr 30, 2018 11:20 am
Forum: Personal Consumer Issues
Topic: Las Vegas Restaurants
Replies: 25
Views: 2396

Re: Las Vegas Restaurants

I lived in Las Vegas for years. There's so many restaurants on or near the strip that it would help immensely if you gave a style and/or price range of restaurants. Off the top of my head, a few of my favorites: Pricier Strip Steak (Mandalay Bay) - my personal favorite restaurant in Vegas Prime (Bel...
by rocket354
Thu Apr 26, 2018 6:25 pm
Forum: Personal Finance (Not Investing)
Topic: Who benefits from "best and final offer" on condo?
Replies: 107
Views: 7718

Re: Who benefits from "best and final offer" on condo?

I'm surprised at how many people think "best and final" always means "best and final" from the seller's perspective. I think that's naive. When we bought our house we were told "best and final", and we submitted an offer. The next day the seller's agent came back to us saying that we were competing...
by rocket354
Wed Apr 25, 2018 6:51 pm
Forum: Investing - Theory, News & General
Topic: What happened to the Dow Jones between 1966-1982?
Replies: 72
Views: 5607

Re: What happened to the Dow Jones between 1966-1982?

This information is from a S&P 500 return calculator (annual returns) https://dqydj.com/sp-500-return-calculator/ 1966 to 1982 1.39% return, 5.49% with dividends reinvested 1966 to 1995 6.09% return, 10.18% with dividends reinvested 1982 to 1995 12.17% return, 16.24% with dividends reinvested Those...
by rocket354
Sun Apr 22, 2018 12:08 pm
Forum: Personal Investments
Topic: Rental Property - Keep or Sell?
Replies: 4
Views: 622

Re: Rental Property - Keep or Sell?

I currently own a condo, in a highly desirable neighborhood in Seattle which I have been renting out. Given where the prices have gone, I am debating if its time to lock in profits. and divest into more real estates in cheaper areas. Value - 600K equity - 70% rent 2300/mo I am cash flow positive, a...
by rocket354
Sat Apr 21, 2018 9:27 am
Forum: Personal Finance (Not Investing)
Topic: Learning about buying a home for complete beginner
Replies: 12
Views: 1663

Re: Learning about buying a home for complete beginner

Piggybacking off of previous posters... Talk to a lender. Ask them how expensive a house you could afford with your current income and debts. Then take whatever number they give you and cut it in half, and look for houses in that ballpark. There are a variety of programs for first-time buyers that y...
by rocket354
Tue Apr 17, 2018 6:08 pm
Forum: Personal Finance (Not Investing)
Topic: Bargaining with Lenders--whom do I choose?
Replies: 8
Views: 1387

Re: Bargaining with Lenders--whom do I choose?

Thanks, did just that. Showed the CU the other offer and they matched on rate, and came close on costs, saying they could beat the costs with a formal offer (which would require lots of documentation and a credit check to the other lender). So I accepted their revised offer, figuring the credit pull...
by rocket354
Tue Apr 17, 2018 7:53 am
Forum: Personal Finance (Not Investing)
Topic: Bargaining with Lenders--whom do I choose?
Replies: 8
Views: 1387

Re: Bargaining with Lenders--whom do I choose?

Thanks, guys. I've read reviews, but every place has good reviews and bad reviews. I currently own a home I've owned for the last 12 years. My plan would be to own this one for a long time--it's a great place both for me to live and for me to convert to a rental if/when I move next. If it matters fo...
by rocket354
Mon Apr 16, 2018 7:50 pm
Forum: Personal Finance (Not Investing)
Topic: Bargaining with Lenders--whom do I choose?
Replies: 8
Views: 1387

Bargaining with Lenders--whom do I choose?

I just went under contract to purchase a house. I originally planned to go through my credit union for the loan, and have watched interest rates rise pretty steeply over the last 8 months or so. I talked with my CU and it sounds like my two options are 4.625% 30-year fixed, or pay a quarter-point to...
by rocket354
Thu Apr 12, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: realtor wants to show house to buyer, no listing agent for me
Replies: 55
Views: 5639

Re: realtor wants to show house to buyer, no listing agent for me

No one has mentioned the worst part of this: you're likely to receive less than the market value for your home if you go with this buyer. This is more or less acknowledged by the realtor who told you that this buyer lost out on other homes in the area, ie, the buyer didn't offer the highest bid. Th...
by rocket354
Sat Apr 07, 2018 11:03 pm
Forum: Personal Finance (Not Investing)
Topic: How do you estimate your home's market value?
Replies: 53
Views: 4240

Re: How do you estimate your home's market value?

Anyone using Zillow or Redfin or any other of these algorithmic valuation estimates is taking a risk. Sometimes the estimates are pretty spot on. Sometimes they're in the ballpark. But just as often they can be way off. I'm house shopping at the moment. One home I looked at had a Z-estimate of $480k...
by rocket354
Sat Apr 07, 2018 11:07 am
Forum: Investing - Theory, News & General
Topic: What is your AA, given your age? and, Why?
Replies: 163
Views: 16368

Re: What is your AA, given your age? and, Why?

39yo. 100/0. I was 92/8 heading into the GFC, survived that then watched the rebound and realized I should/could be rebounding more. Went to 100/0 in 2012 and haven't yet looked back. My reasoning is that I am saving for retirement by, say 65. Has any other portfolio other than 100/0 beat 100/0 over...