Search found 559 matches

by veindoc
Thu Jul 18, 2019 8:49 pm
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 132
Views: 12294

Re: House not appraising for amount we were offered!

Come to find out, he has to go back to our property because he couldn't get the pole barn door to open!! That said, he maintains that he WILL NOT raise his appraisal upon his findings when he goes back out. Why is he coming back out then? If the inspecting the pole barn adds nothing to the appraisa...
by veindoc
Thu Jul 18, 2019 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: Post Daycare Finances
Replies: 25
Views: 2246

Re: Post Daycare Finances

[quote="Ned Nederlander" post_id=4648014 time=<a href="tel:1563423957">1563423957</a> user_id=148861] ... I said that would free up significant cash flow equivalent to a mortgage payment. ... What am I missing here? What are other people’s experiences? I’m hoping he’s exaggerating. Thanks. We reali...
by veindoc
Wed Jul 17, 2019 9:56 pm
Forum: Personal Consumer Issues
Topic: Garage Organization
Replies: 54
Views: 3459

Re: Garage Organization

Take everything out. All at once. Leave on your driveway. Decide on categories: big garden items, hand tools, paint, supplies like trash bags and cleaning supplies, car stuff, lawn decorations, bikes, snow blower, lawn mower etc. Discard what you don’t want. Put in box to sell or trash. Do not co-mi...
by veindoc
Sun Jul 07, 2019 11:02 pm
Forum: Personal Finance (Not Investing)
Topic: quit second job?
Replies: 14
Views: 1661

Re: quit second job?

Have you looked into long term care insurance? If you can afford the premiums you don’t need to worry so much about having enough cash in hand for possible expenses. You have a nice nest egg already to fund a great lifestyle while healthy. The insurance will fund the lifestyle when not healthy. To m...
by veindoc
Sun Jul 07, 2019 5:35 pm
Forum: Personal Finance (Not Investing)
Topic: quit second job?
Replies: 14
Views: 1661

Re: quit second job?

Additional info needed. How much do you want in retirement? How much equity do you have in your home and in the rentals? Without additional info, first impressions: I’m not sure why you had the part time job in the first place. Was it to accelerate savings, fund splurges, buy rentals what exactly? I...
by veindoc
Thu Jul 04, 2019 10:31 am
Forum: Personal Consumer Issues
Topic: Reservations about purchasing a 16 year old house
Replies: 65
Views: 4711

Re: Reservations about purchasing a 16 year old house

We bought a 17 year old home just as you described. We’ve been here 8 years. Water heater we did one year post purchase. Didn’t want to deal with a flood, so that was done prophylactically. Everything else we waited out. So far furnace is still going. AC was replaced last year. Dishwasher was replac...
by veindoc
Wed Jul 03, 2019 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: House, auto and umbrella insurance increases?
Replies: 10
Views: 606

Re: House, auto and umbrella insurance increases?

Yes, yes and no. I am in the Midwest. My home owners insurance which I have had with the same carrier for 8 years is double what it was 8 years ago. It has been doing the climb every year for 8 years. This is with no claims. I did shop around and found some savings. Auto is slightly up but couldn’t ...
by veindoc
Sat Jun 29, 2019 6:28 pm
Forum: Personal Finance (Not Investing)
Topic: Am I doing well financially?
Replies: 171
Views: 15135

Re: Am I doing well financially?

Update (6/29/19): In the last 8 months, have done the following: Eliminated PMI Roughly maxed out 401k contributions Started backdoor Roth Cut food expenses to average of ~$1050/mo (sorry but don't think this is going to get much lower) Cut overall expenses to around $7700/mo (again, don't think th...
by veindoc
Sat Jun 29, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Shopping for Mortgage - Question re ARMs
Replies: 16
Views: 1211

Re: Shopping for Mortgage - Question re ARMs

I would do the 5/1 ARM. 3 years goes by very fast. We have a 5/1 ARM now. Got it in 2011, re-locked our rate at 4.5 years in for another 5 years at same rate and will likely re-lock again when the time comes. Interest rates will likely be higher but probably not that much higher (I hope). Even thou...
by veindoc
Sat Jun 29, 2019 7:46 am
Forum: Personal Finance (Not Investing)
Topic: Shopping for Mortgage - Question re ARMs
Replies: 16
Views: 1211

Re: Shopping for Mortgage - Question re ARMs

I would do the 5/1 ARM. 3 years goes by very fast. We have a 5/1 ARM now. Got it in 2011, re-locked our rate at 4.5 years in for another 5 years at same rate and will likely re-lock again when the time comes. Interest rates will likely be higher but probably not that much higher (I hope). Even thoug...
by veindoc
Thu Jun 27, 2019 8:23 am
Forum: Personal Consumer Issues
Topic: Hiring landscapers that do a great job
Replies: 18
Views: 1402

Re: Hiring landscapers that do a great job

We had a similar problem. Work declining over time. Now we do most ourselves. But I second the neighbor idea. Two of our neighbors have immaculate landscaping year after year after year and I solicited quotes from their guys. Ultimately it was more than I wanted to pay. I think the issue is that man...
by veindoc
Mon Jun 24, 2019 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: How did you lower your annual expenses?
Replies: 145
Views: 12748

Re: How did you lower your annual expenses?

Don’t go shopping. Amazing how well not looking for things to buy actually works. :oops: This. Every time I went to the store I felt like I found these “gotta have ‘em” things. Items that without a doubt I was convinced I needed. I never considered myself to be much of a shopper but when I went thr...
by veindoc
Mon Jun 24, 2019 6:23 pm
Forum: Personal Consumer Issues
Topic: Chrysler Pacifica - Yes or No
Replies: 29
Views: 1901

Re: Chrysler Pacifica - Yes or No

Thanks for the feedback. Good to hear some positive reviews of the Pacifica. I realize it doesn't have the track record of the Sienna or Odyssey, but it comes with a lot of good options included at a pretty good price. We'd likely opt for something above the base model, so I think we'd still have t...
by veindoc
Sun Jun 23, 2019 6:45 am
Forum: Personal Finance (Not Investing)
Topic: Wife considering returning to work
Replies: 40
Views: 4664

Re: Wife considering returning to work

Maybe you can’t afford kid#2. You didn’t say how old your child is but another option is to have wife stay out of workforce for several more years until your child is school age and then go back to work permanently. You didn’t say what field your spouse was in but I think it would be very difficult ...
by veindoc
Sat Jun 22, 2019 10:08 am
Forum: Personal Consumer Issues
Topic: your experience with tours (National Geographic, Smithsonian, REI, etc.)?
Replies: 11
Views: 1178

Re: your experience with tours (National Geographic, Smithsonian, REI, etc.)?

We took a private tour in Peru. First time doing that and it was so much more preferable than the group tours we took while on cruises. We spent more time doing rather than shopping/eating. With the large tours we always seem to spend hours doing either shopping and eating which neither of us enjoy.
by veindoc
Tue Jun 18, 2019 2:03 pm
Forum: Personal Finance (Not Investing)
Topic: Can someone reassure me - late mortgage payment through no fault of my own
Replies: 9
Views: 1123

Re: Can someone reassure me - late mortgage payment through no fault of my own

My mortgage and my banking are through the same bank. I've had my mortgage on autopay since its inception. Toward the end of last month there was a notice on my landing page that there was going to be some online servicing and mortgage payments would not show as coming out on the 1st of the month b...
by veindoc
Sun Jun 16, 2019 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Should we retire in 4 years?
Replies: 31
Views: 4022

Re: Should we retire in 4 years?

What kind of work do you do? You don’t think you can hire someone to work 9 months of the year? Teachers do it. We jus had someone come out and fix our irrigation system. The company is run by the owner. I say he’s late 60s and he has a 20+ year old helper. If I had to guess that kind of work is sea...
by veindoc
Sat Jun 15, 2019 8:52 pm
Forum: Personal Consumer Issues
Topic: Best way to teach my 4 year old to be fluent in Spanish?
Replies: 53
Views: 3442

Re: Best way to teach my 4 year old to be fluent in Spanish?

Hire a Spanish speaking nanny. Did this with my kid from age 0-6. No nanny now but he still understands everything perfectly. We have videos of him telling stories in Spanish. It does require constant practice because I noticed two years ago or so he doesn’t answer back in Spanish anymore if it req...
by veindoc
Sat Jun 15, 2019 12:37 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26148

Re: Selling home- Demanding Buyer (Repairs)

In future, tighten up the inspection contingency. This back and forth cost you a month or more time. I recall we had 10 days to do inspection, bring up issues, iron them out, and sign.
by veindoc
Fri Jun 14, 2019 7:32 pm
Forum: Personal Finance (Not Investing)
Topic: Should I call it quits?
Replies: 23
Views: 4874

Re: Should I call it quits?

I was driven to work very hard growing up so I think it's a very valuable lesson, but I also think taking advantage of opportunities and living life to the fullest is also something that should be encouraged. So I wouldn't think my kids would think I'm lazy or taking it easy, but trying to enjoy li...
by veindoc
Fri Jun 14, 2019 4:52 pm
Forum: Personal Finance (Not Investing)
Topic: Please help - Planning for Baby #2
Replies: 6
Views: 657

Re: Please help - Planning for Baby #2

When is the baby due?

Take the $200 that you are saving for future baby’s education and deploy that towards debt. How old is the other child that you are saving for? - the $250 that you are putting into the 529.

If you take both those amounts how long before the student loan is paid off?
by veindoc
Fri Jun 14, 2019 2:07 pm
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 52
Views: 3474

Re: Purchasing home with less than 20% downpayment experiences?

We qualified based on first time home buyer status to put 15% down and not pay PMI. This was through third federal. We opted to do this. Yes the mortgage balance was higher but it was hard to fork over so much cash that we had diligently been putting away every month for 5 years and leave just a lit...
by veindoc
Fri Jun 14, 2019 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Should I call it quits?
Replies: 23
Views: 4874

Re: Should I call it quits?

Is there an option B? A consistently low stress job. Sounds like you had no complaints until this new assignment. How long is this assignment anyway? Could you just stick it out? Isn’t this what we try to each our kids- to stick through difficult things. Having said that, I stepped back to raise my ...
by veindoc
Fri Jun 14, 2019 6:25 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26148

Re: Selling home- Demanding Buyer (Repairs)

mbres60 wrote:
Fri Jun 14, 2019 6:22 am
I would not want this locked. I'm waiting to hear the ending to all of this. You can stop reading if you are not interested anymore.
+1
by veindoc
Thu Jun 13, 2019 9:37 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26148

Re: Selling home- Demanding Buyer (Repairs)

I thought the final offer was your previous one. You allowed buyer to attend perc test with understanding that the price would be reduced by the written estimate. Why were they allowed to counter? I find this absurd that this run around is occurring 14 days before closing. Makes me think buyer is no...
by veindoc
Thu Jun 13, 2019 6:38 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26148

Re: Selling home- Demanding Buyer (Repairs)

You are acting like a bird in the hand is worth three in the bush. Let’s examine that. House listed for 450k and contracted for $475k. Minus $5200 for miscellaneous repairs Minus $22,000 for septic and $500 for perc test. Now you are at $447,000 and a lot more gray hairs. Relist the house for $450,0...
by veindoc
Mon Jun 10, 2019 8:31 pm
Forum: Personal Consumer Issues
Topic: Recycling - questions and answers
Replies: 14
Views: 1468

Re: Recycling - questions and answers

My son has been volunteering at ReStore, which is run by Habitat for Humanity. I had never gone in there before but went in recently to pick him up. There are a lot of things in there that would certainly be useful for some people...things that I have seen tossed into the garbage before, so if you ...
by veindoc
Mon Jun 10, 2019 4:51 pm
Forum: Personal Investments
Topic: Receiving windfall and not sure what to do
Replies: 26
Views: 3721

Re: Receiving windfall and not sure what to do

Did you meet with the Valic rep yet? Curious to see what they offer.
The best fund that I see is the nationwide 500 index fund. I would allocate all your contributions to that fund. The target date funds are too expensive.
by veindoc
Mon Jun 10, 2019 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26148

Re: Selling home- Demanding Buyer (Repairs)

Sounds reasonable. Instead of credit you can lower purchase price as previously suggested reducing realtors commission which saves you 6% of the 10k or so and less for buyer to mortgage which they may appreciate.
by veindoc
Mon Jun 10, 2019 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26148

Re: Selling home- Demanding Buyer (Repairs)

Quick update on the septic adventure. Septic perk test was done this morning. Results were excellent- soil was great, dug down 15 feet and still did not hit any water, which I understand now is a good thing. Buyer's spouse was there as well with septic guy and county inspector. Septic guy said that...
by veindoc
Sat Jun 08, 2019 9:43 pm
Forum: Personal Finance (Not Investing)
Topic: How to start outsourcing?
Replies: 21
Views: 2041

Re: How to start outsourcing?

I think your concerns are valid. I’ve utilized the same services at different points in my life. I say yes to cleaning service. Roomba is also good. One thing about a cleaning service is that it forces you to declutter prior to their arrival. They can’t clean if your stuff is covering everything. I ...
by veindoc
Fri Jun 07, 2019 4:28 pm
Forum: Personal Finance (Not Investing)
Topic: Household Assistant/Helper
Replies: 10
Views: 1534

Re: Household Assistant/Helper

What you are describing is pretty much in the realm of what a nanny does and the description won’t seem odd. This will likely attract an empty nester parent rather a recent college grad. The only difference is that a nanny will do light housework. Picking up things and returning them to their homes ...
by veindoc
Fri Jun 07, 2019 6:03 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26148

Re: Selling home- Demanding Buyer (Repairs)

- Would also add in my response: In order to protect sellers interest and maximize opportunity in a strong sellers market, sellers have decided to continue communication with initial losing bidder and open the home up to back up offers until septic amendment is accepted and financing is approved. E...
by veindoc
Fri Jun 07, 2019 5:58 am
Forum: Personal Finance (Not Investing)
Topic: Household Assistant/Helper
Replies: 10
Views: 1534

Re: Household Assistant/Helper

I've been thinking about how helpful it would be to have a helper or assistant around the house. My wife and I both work full time and want to prioritize and maximize time doing things that are important to us including: 1) spending time with our young family, 2) being fully focused on work while w...
by veindoc
Fri Jun 07, 2019 5:50 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26148

Re: Selling home- Demanding Buyer (Repairs)

Three of the best options I think that I have based on advice/guidance received here: 1. Accept offer from buyer as is (credit buyer amount of estimate PLUS $3k in escrow. W/this buyer, I believe buyer would find a way to spend that $3k) 2. Counter offer and credit buyer amount of estimate PLUS $1k...
by veindoc
Fri Jun 07, 2019 5:32 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26148

Re: Selling home- Demanding Buyer (Repairs)

Here is where because buyer is financing it becomes an issue: Because buyer wants to finance, an appraisal is needed. Per my agent, an appraisal cannot be completed until septic amendment is signed. Financing complicates things. And since I'm not sure that licensed septic can schedule out and get t...
by veindoc
Thu Jun 06, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26148

Re: Selling home- Demanding Buyer (Repairs)

The septic repair itself will take one day, two days tops. Your prior posts said the perc test is 6/10, you will have an repair estimate 6/10 or 6/11 and closing is 6/27. If the repair will only take 1-2 days, any chance the repair company can get the repair done, county could inspect and sign off,...
by veindoc
Wed Jun 05, 2019 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26148

Re: Selling home- Demanding Buyer (Repairs)

Aren’t you curious how they came to $3000? The perc test is not done and the estimate is not done. If it costs $5k, they are asking for 60% more in escrow. If it is 10k, 30% more. Unless the estimate runs 30k or more, I think it’s too generous an amount for overage. Don’t most people use a rule of t...
by veindoc
Wed Jun 05, 2019 1:06 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26148

Re: Selling home- Demanding Buyer (Repairs)

Never mind. Saw perc test not done yet.
I would just reject the addendum and see if they accept yours or offer an alternative. Call it a bluff but it would be interesting to see how they react.
by veindoc
Wed Jun 05, 2019 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26148

Re: Selling home- Demanding Buyer (Repairs)

Agree with all above. Obtaining financing makes the no appraisal contingency irrelevant. If the house doesn’t appraise, may not be able to get financing. The bank is not going to loan more than the house is worth. And if the cash for the house was from a HELOC or other questionable source then that ...
by veindoc
Wed Jun 05, 2019 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26148

Re: Selling home- Demanding Buyer (Repairs)

I don't know. Actions speak louder than words. I think if buyer knew I was getting annoyed enough to start taking back up offers, it would influence him to stop the nitpicking. And agreed the septic needs to be fixed or buyer needs to be credited, whether it be this buyer or the next. Keep calling ...
by veindoc
Wed Jun 05, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: Would you buy a house without a garage?
Replies: 95
Views: 6049

Re: Would you buy a house without a garage?

You don’t elaborate in what part of the country you are in. If it snows there, access to the garage is imperative. If it doesn’t snow, not a deal breaker. But seems like you have the answer to your question already. The house has been on the market for awhile, so it seems for resale people do want a...
by veindoc
Tue Jun 04, 2019 3:31 pm
Forum: Personal Finance (Not Investing)
Topic: Is it Wise to Remove Escrow if Bank Allows it?
Replies: 87
Views: 5730

Re: Is it Wise to Remove Escrow if Bank Allows it?

Our property taxes are $15k per year. My escrow account does not pay interest. If my property taxes were low, say 2 to 3,000, I suppose it wouldn’t bother me so much.
by veindoc
Tue Jun 04, 2019 7:55 am
Forum: Personal Finance (Not Investing)
Topic: Selling home- Demanding Buyer (Repairs)
Replies: 337
Views: 26148

Re: Selling home- Demanding Buyer (Repairs)

What do you want out of this? A fast close? The most money? The least hassle? And what are your options? For a fast close, get the estimate and the work done. Least hassle: pull out of the deal, not sure how much money you lose. Is it just losing the earnest deposit and time on the market? Keep in m...
by veindoc
Sun Jun 02, 2019 12:22 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14880

Re: Can we afford to pay for our kid's college (at all)?

Interesting. Based on those links from MtnTraveler he can take online course at community college, which means he doesn’t even need to move. He can live at home. He can work and pay for school. Heck he can pay his gas and possibly car insurance too. 529 the first semester. And his contributions from...
by veindoc
Sun Jun 02, 2019 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14880

Re: Can we afford to pay for our kid's college (at all)?

If this were me, I would have your son move to the city with the closest community college. He would have to move anyway if he went to the state college. Get an apartment and a job and take classes in the evening. You pay for rental deposit (first and last month rent with security deposit), tuition ...
by veindoc
Sat Jun 01, 2019 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford to pay for our kid's college (at all)?
Replies: 234
Views: 14880

Re: Can we afford to pay for our kid's college (at all)?

He would be going in with no major. He just wants credits and to bring up his GPA to go into a program somewhere else. College he is going to does not even offer the major he wants. Also, he will have some college credits from the AP classes he took in HS. He took physics, calc, trig and I think at...