Search found 72 matches

by BillyK
Fri Nov 13, 2020 5:52 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Triplex?
Replies: 38
Views: 2415

Re: Buying a Triplex?

If you are thinking of using property management, it may not be that easy to find someone willing to handle three units with such low rent amounts and short lease periods. It can be a lot of work for them without much inducement. That is more of a owner’s hands on type of property and 2.5 hours is a...
by BillyK
Sun Oct 25, 2020 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: House Purchase with a Single Agent
Replies: 19
Views: 1375

Re: House Purchase with a Single Agent

Not knowing your state, various types of agency relationships exist throughout the states. Unless they have already disclosed the relationship to you, I am certain the agent will at your first substantive contact with them. Many people confuse the various types of state dependent relationships that ...
by BillyK
Thu Oct 08, 2020 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Family Land Sale - 120 Acres Austin, TX Area
Replies: 51
Views: 5494

Re: Potential Family Land Sale - 120 Acres Austin, TX Area

icdafs wrote: Thank you for your response. We will definitely consider approaching the development/zoning board(s) for Pflugerville. I live locally so could (and I'm sure should) attend public meetings. To this point I've relied on word of mouth which is how I recently discovered that Pflugerville'...
by BillyK
Fri Oct 02, 2020 7:57 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Family Land Sale - 120 Acres Austin, TX Area
Replies: 51
Views: 5494

Re: Potential Family Land Sale - 120 Acres Austin, TX

Eff wrote: That price is not a typo, that land was sold on Toll 130 for a large commercial development. It is 3-5 miles from our land, and we are not on 130 of course. But yes, those type of numbers make us weary to want to sell currently. Do you have any recommendations as to the type of professio...
by BillyK
Fri Sep 11, 2020 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: How to interview a buyer's agent?
Replies: 22
Views: 1274

Re: How to interview a buyer's agent?

You want to have a clear understanding of the type of agency relationship that exists between you and the agent/brokerage. They usually will need to disclose it to you, but anymore the various relationships that may exist depending on the state can be quite confusing. Ideally, you want someone that ...
by BillyK
Fri Sep 04, 2020 10:16 pm
Forum: Personal Finance (Not Investing)
Topic: Suggestions for Buying a House When You Already Own a Home
Replies: 12
Views: 1114

Re: Suggestions for Buying a House When You Already Own a Home

Contingency purchases are common in most real estate markets. The reality for many buyers is that it is a necessity. First you make sure you have a strong buyer, deposit and contract on your subject property to pitch to the sellers of the home you wish to purchase. Then make sure you have ample time...
by BillyK
Fri Jul 10, 2020 1:46 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising to sale price
Replies: 51
Views: 7148

Re: House not appraising to sale price

ianferrel wrote: The purpose of an appraisal is to provide an independent analysis of the value of a property to determine if the offer is reasonable. The only thing that giving the appraiser information about the offer does is weaken the independence of that analysis. Either the appraiser can find...
by BillyK
Mon Jul 06, 2020 10:13 am
Forum: Personal Finance (Not Investing)
Topic: Solar land lease
Replies: 11
Views: 1053

Re: Solar land lease

If the solar company needs the property badly enough, they will sometimes acquire the land in fee simple by deed rather than by lease. That is something to ask them whether they will consider if you don't want to tie the property up long term due to the complications of family which can snow ball ov...
by BillyK
Tue Jun 23, 2020 9:24 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising to sale price
Replies: 51
Views: 7148

Re: House not appraising to sale price

ianferrel wrote: If anyone wanted an honest appraisal, the appraiser would not know how much the offer was made for. The appraiser is appraising for the subject's market value. Part of the definition for market value includes how much a buyer would pay for the subject property. The offer amount is ...
by BillyK
Sat Jun 20, 2020 7:11 pm
Forum: Personal Consumer Issues
Topic: How do appraisal values increase?
Replies: 10
Views: 838

Re: How do appraisal values increase?

Appraisal reflect market conditions. Appraisers will perform a market analysis and perform time adjustments if necessary. For example - If market conditions reflect a yearly 6% upward market adjustment for price increases, the appraiser will make a +2% upward market condition adjustment to the compa...
by BillyK
Sun May 24, 2020 12:20 am
Forum: Personal Finance (Not Investing)
Topic: Refinance appraisal issue
Replies: 16
Views: 1381

Re: Refinance appraisal issue

Unfortunately, you often get what you pay for with the limited appraisal reports used for residential loans. Unless the appraiser is well familiar with the subject market, not a lot of time is spent in the important informational gathering process needed for accurate appraisals. It is often hit or m...
by BillyK
Wed May 20, 2020 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate/trust
Replies: 3
Views: 375

Re: Real Estate/trust

Have you looked at the actual vesting deed? There is often an after recording return to address which is usually either the grantee's or the title company if they used one. I am sure you have likely already done one, but if not a simple Google search in both the name of the grantor and grantee on th...
by BillyK
Mon May 11, 2020 5:14 pm
Forum: Personal Finance (Not Investing)
Topic: Appraiser is asking for more money in the middle of refinance process, legal?
Replies: 36
Views: 3400

Re: Appraiser is asking for more money in the middle of refinance process, legal?

I am not so sure I would be too keen on potentially ticking off the appraiser for $105 bucks. You want a happy appraiser that lands on the number you need.
by BillyK
Tue May 05, 2020 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Title guy when buying a house
Replies: 17
Views: 1474

Re: Title guy when buying a house

Title companies will throw in all kinds of title exceptions when it comes to their title commitments. Many buyers think just because they are obtaining title insurance that they are covered for all potential title problems. However, particularly depending on the type of property, you need someone su...
by BillyK
Fri May 01, 2020 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: New Grad's Housing Question
Replies: 15
Views: 669

Re: New Grad's Housing Question

I have spent decades living on the road moving from project to project throughout the country. Moving from apartment to apartment gets old in a hurry and expensive. Depending where you will be located, it is hard to beat Extended Stay types of hotel suites with a full size refrigerator and kitchenet...
by BillyK
Thu Apr 30, 2020 10:52 pm
Forum: Personal Consumer Issues
Topic: Florida HOA complaining of Weeds in Lawn
Replies: 101
Views: 8922

Re: Florida HOA complaining of Weeds in Lawn

Your pictures look like a totally normal yard for many areas of Florida where there St. Augustine grass isn’t common. Where my mother lives in southwest Florida, Charlotte County in particular, only the very upscale neighborhoods have mostly good grass without a lot of weeds. It takes a lot of year ...
by BillyK
Thu Apr 30, 2020 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Lease Enforceability for Mother-In-Law Unit
Replies: 8
Views: 952

Re: Lease Enforceability for Mother-In-Law Unit

Personally, I would try to keep it real simple and rent it month to month which is a tenancy at will. Don't make it complicated unless you particularly wish to lock into a longer term lease or the lessor is requiring that you sign a longer term one. That way you just pay a month at a time and you do...
by BillyK
Thu Apr 16, 2020 10:53 pm
Forum: Personal Finance (Not Investing)
Topic: Approved for mortgage but spouse just got furloughed
Replies: 11
Views: 1795

Re: Approved for mortgage but spouse just got furloughed

I have a buddy who is a mortgage broker, and he told me the other day lenders are now requesting verification of employment as of the day of the closing due to current shaky employment circumstances.
by BillyK
Fri Apr 10, 2020 12:36 pm
Forum: Investing - Theory, News & General
Topic: Why do investors say stock picking is risky?
Replies: 79
Views: 4548

Re: Why do investors say stock picking is risky?

I have held individual shares of so called good companies drop down to $0.00 which isn’t going to occur by holding the market unless there is Armageddon. I haven’t owned an individual stock in well more than a decade which is a great feeling. I think back through the years of hearing friends, family...
by BillyK
Wed Apr 01, 2020 10:04 am
Forum: Personal Finance (Not Investing)
Topic: Utah Remote Job, where will you relocate ?
Replies: 35
Views: 2006

Re: Utah Remote Job, where will you relocate ?

If you are looking for warm weather, Southwest Utah starting at St. George and the surrounding towns is a good place to look. Winters in Utah are nothing like the Midwest. You have blue skies and sunshine with your snow and not the long drab gray winters like the Midwest. Cedar City, also known as F...
by BillyK
Sun Mar 22, 2020 11:05 pm
Forum: Personal Consumer Issues
Topic: Is living near power lines ok or bad?
Replies: 60
Views: 3282

Re: Is living near power lines ok or bad?

I would be more worried about EMFs from household appliances including computer screens/monitors and overhead lights than from nearby electric transmission lines. The sun and earth produce EMFs. I have worked more than several major high voltage transmission line projects, and I have heard electric ...
by BillyK
Sun Mar 22, 2020 9:27 pm
Forum: Investing - Theory, News & General
Topic: Why are the same investors who said they wanted another 2008 now unwilling to buy into the market?
Replies: 31
Views: 2853

Re: Why are the same investors who said they wanted another 2008 now unwilling to buy into the market?

There is always a lot of big talk after a crash, but many investors are humbled and not so confident during one.
by BillyK
Sat Mar 21, 2020 3:26 pm
Forum: Investing - Theory, News & General
Topic: I cant "Stay the Course" - Rebalance/IPS
Replies: 56
Views: 4673

Re: I cant "Stay the Course" - Rebalance/IPS

micho911 wrote: Yes but cash is even safer than bonds during this crash. So why are you willing to invest new cash in equities while you don't accept to sell bonds to buy equity and rebalance. I am not criticizing, just trying to understand as i always have this dilemma Each investor's circumstance...
by BillyK
Fri Mar 20, 2020 3:09 pm
Forum: Investing - Theory, News & General
Topic: I cant "Stay the Course" - Rebalance/IPS
Replies: 56
Views: 4673

Re: I cant "Stay the Course" - Rebalance/IPS

My IPS includes a statement not to rebalance by selling fixed income during a market crash. Past crashes have driven home the point to me that the market bottoms can be a long way down. An overweighting in fixed income assets is less disconcerting to me than an overweighting in equities. Ultimately,...
by BillyK
Thu Mar 19, 2020 4:02 pm
Forum: Investing - Theory, News & General
Topic: Munis getting slaughtered!
Replies: 194
Views: 18838

Re: Munis getting slaughtered!

I have held for quite a while VWITX (Intermediate Term Tax Exempt) as a 2nd or third tier emergency fund along with iBonds. My first tier emergency fund is a money market account. However, I have always known there a bit of downside risk with munis which is usually the case for the extra return over...
by BillyK
Thu Mar 19, 2020 10:33 am
Forum: Investing - Theory, News & General
Topic: Bond Funds don't work in a crisis
Replies: 179
Views: 13247

Re: Bond Funds don't work in a crisis

Bonds may not be holding up real well, but they are holding up better than equities which is better than a kick in the teeth in these current market conditions. They still provide a source for rebalancing into equities and soften the fall somewhat.
by BillyK
Thu Mar 12, 2020 11:12 am
Forum: Personal Investments
Topic: Who is staying course and how are you dealing with net worth going down?
Replies: 359
Views: 26959

Re: Who is staying course and how are you dealing with net worth going down?

I am completely staying the course. When the smoke clears and the markets settle eventually settle down, I will rebalance as my bond percentages are increasing. However, I am buying all equities with new monies in my 401K, IRA and non retirement account. The only time I haven't stayed the course dur...
by BillyK
Tue Mar 10, 2020 3:33 pm
Forum: Investing - Theory, News & General
Topic: Why 5% Rebalancing Bands Are Wrong
Replies: 65
Views: 5295

Re: Why 5% Rebalancing Bands Are Wrong

I think if you tighten your bands too much for rebalancing, you may potentially lose some momentum in equities.
by BillyK
Mon Mar 09, 2020 12:04 pm
Forum: Investing - Theory, News & General
Topic: How often do you re-balance during these times?
Replies: 42
Views: 3718

Re: How often do you re-balance during these times?

OpenMinded1 wrote:

If you have target date funds they rebalance very frequently, so you don't have to bother.
That is arguably one of the downsides of target funds in a major crash which is a consideration for holding instead a 3 or 4 fund (international bonds).
by BillyK
Mon Mar 09, 2020 10:55 am
Forum: Investing - Theory, News & General
Topic: How often do you re-balance during these times?
Replies: 42
Views: 3718

Re: How often do you re-balance during these times?

I don't pay attention to my balancing bands when both the U.S. and global markets are all taking a major dump. My fixed income may become higher than my allocated percentage, but I don't find that to be the least bit disconcerting. I rebalance out of equities into fixed income as a means for risk co...
by BillyK
Fri Mar 06, 2020 2:54 pm
Forum: Investing - Theory, News & General
Topic: Risk tolerance and asset allocation with mathematics
Replies: 107
Views: 7852

Re: Risk tolerance and asset allocation with mathematics

Larry Swedroe's stomach-acid test and the ability to sleep well at night tests makes the most sense to me for determining risk tolerance. You can try to mathematically quantify it all you want, but when it comes right down to it as an investor, how much of a loss can you stomach while still sleeping...
by BillyK
Thu Mar 05, 2020 12:44 pm
Forum: Personal Investments
Topic: Rebalancing in a turbulent market
Replies: 29
Views: 1229

Re: Rebalancing in a turbulent market

I have it written into my ISP not to sell fixed income to buy into equities during a volatile and turbulent market such as the one occurring now. A very worthwhile diary that I read after seeing it recommended on this forum is one that was written by Ohio Lawyer Benjamin Roth during the Great Depres...
by BillyK
Sun Mar 01, 2020 1:16 am
Forum: Investing - Theory, News & General
Topic: [Why aren't forum members following the "Stay the course" approach?]
Replies: 379
Views: 27356

Re: [Why aren't forum members following the "Stay the course" approach?]

A common quote on this forum that has become less frequent as the markets were setting highs is one from Mike Tyson. “Everyone has a plan until they get punched in the mouth”. Now we are seeing what happens to some investors with a plan when they figuratively get punched. It is a natural tendency fo...
by BillyK
Sat Feb 29, 2020 5:46 pm
Forum: Personal Investments
Topic: I bet the house. [Rebalanced portfolio to a 10/90 asset allocation]
Replies: 255
Views: 10263

Re: I bet the house.

I would never consider selling stocks to buy bonds betting the house. It is more of a case of losing your nerve and folding. I wish you luck on timing your re-entry back into the market. Not sure why you are so keen on holding a 100% equity portfolio in the future when it looks like you have a tende...
by BillyK
Sat Feb 29, 2020 4:07 pm
Forum: Personal Consumer Issues
Topic: Coffee roasting question - spotting second crack when using popcorn popper
Replies: 12
Views: 785

Re: Coffee roasting question - spotting second crack when using popcorn popper

You have to be patient when waiting for the second crack. They aren’t as loud as the first. There will be a few that crack early, but the majority will start cracking around the same time as a more rapid staccato type crack than the louder slower first cracks. I usually like to go about 30 seconds i...
by BillyK
Sat Feb 29, 2020 12:30 am
Forum: Investing - Theory, News & General
Topic: Why is Vanguard's REIT doing so poorly?
Replies: 41
Views: 4463

Re: Why is Vanguard's REIT doing so poorly?

I have held it for 20 years or so and it has always been volatile. It is probably one of the least bond like equity funds I have held. I am not a real strict adherent to rebalancing, but it is the one fund I do keep a close eye on and rebalance more often than with other funds.
by BillyK
Fri Feb 28, 2020 4:23 pm
Forum: Investing - Theory, News & General
Topic: Clements: Don't Lose It. (On Controlling Emotions in Market Turmoil)
Replies: 5
Views: 973

Re: Clements: Don't Lose It. (On Controlling Emotions in Market Turmoil)

A very good article. I really like “Illusion of Control”. You see it so often where investors are anxious to take some type of action whether selling or buying to the point that they are jittery rather than just being patient and doing nothing.
by BillyK
Thu Feb 27, 2020 7:00 pm
Forum: Investing - Theory, News & General
Topic: Rebalancing strategy during a market drawdown
Replies: 58
Views: 4180

Re: Rebalancing strategy during a market drawdown

My rebalancing strategy in a tumbling market has always been to sit back and do nothing. That is also spelled out in my IPS. If my bond to equity ratio becomes disproportionate, it isn’t going to cause me to lose sleep at night being overweighted in bonds for a period of time. I have seen it a lot i...
by BillyK
Thu Feb 27, 2020 1:43 pm
Forum: Personal Finance (Not Investing)
Topic: Best way to sell raw land in another state?
Replies: 17
Views: 1300

Re: Best way to sell raw land in another state?

Raw land is often a hard sale. Financing is tough unless you have a cash buyer or are willing to offer owner financing. I would list it with a local a Realtor familiar with the area. Commission is typically higher on land sales such as 10%. It is often a harder sale that takes longer. If it were me,...
by BillyK
Mon Feb 17, 2020 3:16 am
Forum: Investing - Theory, News & General
Topic: At what age did you begin adding bonds?
Replies: 138
Views: 7632

Re: At what age did you begin adding bonds?

As soon as I started investing in my mid 20s during the 1980s I added bonds minimally 20 to 30%. Don’t regret it one bit. My first experience of a market crash was Black Monday in 1987 which was quite eye opening at the time. So often I see recommendations for younger investors to invest 100% in equ...
by BillyK
Sun Feb 09, 2020 12:36 am
Forum: Personal Finance (Not Investing)
Topic: Owner's Title Insurance?
Replies: 13
Views: 1092

Re: Owner's Title Insurance?

The loss ratio for title insurance claims is not reflective of the benefit of carrying title insurance. If you have title insurance and there later turns out to be a title problem, the title company and their underwriter is going to do everything in their power to cure the problem without ever makin...
by BillyK
Sun Dec 29, 2019 11:51 pm
Forum: Personal Finance (Not Investing)
Topic: Purchase of real estate without broker - who should get theoretical savings
Replies: 22
Views: 1163

Re: Purchase of real estate without broker - who should get theoretical savings

Fair market value is not a value less real estate commission. Theoretically, since the majority of properties, particularly single family ones sell through Realtors, real estate commissions are reflected in the home’s market value. When the bank’s appraiser comes in and appraises the property, they ...
by BillyK
Sat Dec 21, 2019 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: putting a house in a trust instead of selling it
Replies: 16
Views: 904

Re: putting a house in a trust instead of selling it

Even if it were a good deal which it doesn’t appear, you can’t just go out and deed the property into into the name of a trust without first going through the lender. It can trigger the notes due on sale clause.
by BillyK
Thu Dec 19, 2019 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: first time buying/selling same time - recast mortgage?
Replies: 20
Views: 1201

Re: first time buying/selling same time - recast mortgage?

Unless all the buyers in your market are first time buyers or possibly purchasing 2nd homes, buying with a contingency shouldn’t make you non- competitive with a solid offer. Contingencies are fairly typical in most residential markets. You are making it more complicated by avoiding a contingency. S...
by BillyK
Mon Dec 16, 2019 1:47 pm
Forum: Personal Investments
Topic: Give Land Back [Bought land from friend, he wants to buy it back]
Replies: 83
Views: 5339

Re: Give Land Back

I can understand your friend changing his mind and deciding he would like to have the lot next to it too. My parents always regretted not buying a vacant lot next to their house that later sold and was developed. They complained about it for years afterwards! If he is a good friend, you are doing hi...
by BillyK
Thu Dec 12, 2019 1:12 am
Forum: Personal Finance (Not Investing)
Topic: Most estates don't go through probate [*]
Replies: 39
Views: 5017

Re: Most estates don't go through probate [*]

Florida is a "Tenancy by the Entirety" state which can preclude the need for probate in many instances including quite large estates.
by BillyK
Thu Dec 05, 2019 2:12 pm
Forum: Investing - Theory, News & General
Topic: I don’t think I am a good Boglehead
Replies: 80
Views: 6402

Re: I don’t think I am a good Boglehead

I think bogleheads are too conservative, if you can retire At 50 and have an 80% chance of not running out of money It’s Probably worth it considering there’s a decent chance you’ll die before retirement or shortly after I have been following Bogleheads for +20 years going back to the Morningstar f...
by BillyK
Thu Dec 05, 2019 11:21 am
Forum: Personal Finance (Not Investing)
Topic: How to Give A House To My Wife
Replies: 14
Views: 1920

Re: How to Give A House To My Wife

You definitely want to speak with an attorney. People often use quitclaim deeds when there are better choices such as a bargain and sale deed or even better various warranty deeds. States such as Texas, title companies don't like quitclaim deeds. They are often used for clearing minor clouds on titl...
by BillyK
Thu Dec 05, 2019 12:37 am
Forum: Personal Finance (Not Investing)
Topic: Month-to-Month lease nearing a year
Replies: 10
Views: 1094

Re: Month-to-Month lease nearing a year

I work in a profession where I have been constantly moving and leasing for decades when not staying in hotels. Most major property management companies will agree to escape clauses if you ask. A typical escape clause may require a 60 day vacate notice with a standard one month penalty for breaking t...
by BillyK
Tue Nov 26, 2019 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: We have a prenup, now buying a house.
Replies: 117
Views: 7704

Re: We have a prenup, now buying a house.

As others have mentioned, you need to speak with an attorney. However, in many states if the home is your marital homestead where you both live in it together as your domicile, it doesn't matter whether her name is on the deed or whether you are using separate monies to purchase it. A lot of states ...