Search found 10 matches

by nacious
Sun May 12, 2019 8:42 pm
Forum: Personal Finance (Not Investing)
Topic: Can we really afford $1.25M house?
Replies: 44
Views: 5798

Re: Can we really afford $1.25M house?

We have 3 and we feed them natural food and they get walked by a dog walker once a week lol. Toys, bones, vets. Not that hard when you add it all up. We love them though, they are well worth it.
by nacious
Sun May 12, 2019 7:16 pm
Forum: Personal Finance (Not Investing)
Topic: Can we really afford $1.25M house?
Replies: 44
Views: 5798

Re: Can we really afford $1.25M house?

OK thanks everyone for your advice. Here’s the real question: The house we want is actually listed at $860k but we are prequalified for $1.25M. The house is underpriced and we expect multiple offers. Homes usually go 20%+ over asking around here. If you don’t believe we can afford $1.25M, what do yo...
by nacious
Sun May 12, 2019 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Can we really afford $1.25M house?
Replies: 44
Views: 5798

Re: Can we really afford $1.25M house?

Assuming property tax is 1.4%. Schools are good for elementary at least. The student debt is my wife’s but the investment property is hers as well, and there’s is about $100k of equity in the home. I am paying it off in exchange for being added to the title. This is why we have the high interest deb...
by nacious
Sun May 12, 2019 1:44 pm
Forum: Personal Finance (Not Investing)
Topic: Can we really afford $1.25M house?
Replies: 44
Views: 5798

Re: Can we really afford $1.25M house?

Unfortunately don’t have the ability to do that...definitely wish the retirement account was stronger though. Alas primarily due to my age and work experience in startups without 401ks, most of my NW is in taxables.
by nacious
Sun May 12, 2019 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Can we really afford $1.25M house?
Replies: 44
Views: 5798

Re: Can we really afford $1.25M house?

Car loan interest is also in the 3% range. I’m going to pay off the student loan in full imminently. Agree that we could stand to reduce spending. I drive my cars into the ground FWIW.
by nacious
Sun May 12, 2019 12:34 pm
Forum: Personal Finance (Not Investing)
Topic: Can we really afford $1.25M house?
Replies: 44
Views: 5798

Re: Can we really afford $1.25M house?

Given my wife’s income will be incremental, I’m not expecting to have to eliminate anything from the budget. To the prior person, I’m a sr manager of a tech company.
by nacious
Sun May 12, 2019 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Can we really afford $1.25M house?
Replies: 44
Views: 5798

Can we really afford $1.25M house?

Hi all, My wife and I were prequalified for a $1M loan with $250k down at a 3.89% rate. We live in a very HCOL area with an extremely competitive housing market, and are currently renting at a $4700/mo cost. We were hoping to keep the house hunt to a budget of $1M total in order to have a similar mo...
by nacious
Mon Oct 09, 2017 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Sell or keep shares of a private company?
Replies: 46
Views: 3943

Re: Sell or keep shares of a private company?

I run sales and go to market strategy, so commissions and cash bonuses are about 40% of total on target earnings. Pulling it in as a salary must be nice though!
by nacious
Mon Oct 09, 2017 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Sell or keep shares of a private company?
Replies: 46
Views: 3943

Re: Sell or keep shares of a private company?

You need to get familiar with Section 1202 of the tax code. Very complex, but if you meet all the tests, your Federal tax rate can be greatly reduced. I suggest talking to the person handling the taxes for the company, or perhaps the tax pros used personally by the CEO, CFO etc. Whoa. I have been r...
by nacious
Thu Jun 30, 2016 11:03 pm
Forum: Personal Investments
Topic: Startup Early Exercise / Net Exercise question
Replies: 0
Views: 823

Startup Early Exercise / Net Exercise question

Hi, I have searched the web far and wide and without finding a good answer, have decided to ask for your help. I am an early employee of a venture-backed startup (now Series A/B) who was given ISO stock options that have increased meaningfully in value. Let's use the following numbers for example: -...