Search found 79 matches

by creditdefaultswaps
Thu Oct 10, 2019 10:49 pm
Forum: Personal Consumer Issues
Topic: Multiple Large Home Improvement Project Estimates
Replies: 11
Views: 1521

Re: Multiple Large Home Improvement Project Estimates

Nope - not adding any square footage or changing the building footprint. The exterior is stucco and I have metal casement windows that I want restored. It's 100 year old house so there are many maintenance and cosmetic issues that need to be addressed. I have more than enough in terms of a general p...
by creditdefaultswaps
Tue Oct 08, 2019 4:50 pm
Forum: Personal Consumer Issues
Topic: Multiple Large Home Improvement Project Estimates
Replies: 11
Views: 1521

Re: Multiple Large Home Improvement Project Estimates

I live in a HCOL and want to seek estimates for foundation repairs (few piers, minor leveling), new roof, rehab exterior and upgrade the electric panel. What I usually do for estimate requests is write-up a detailed list of items I want addressed in their estimate and give it to them at our first m...
by creditdefaultswaps
Sun Oct 06, 2019 3:07 pm
Forum: Personal Consumer Issues
Topic: Multiple Large Home Improvement Project Estimates
Replies: 11
Views: 1521

Multiple Large Home Improvement Project Estimates

I live in a HCOL and want to seek estimates for foundation repairs (few piers, minor leveling), new roof, rehab exterior and upgrade the electric panel. What I usually do for estimate requests is write-up a detailed list of items I want addressed in their estimate and give it to them at our first me...
by creditdefaultswaps
Thu Jan 17, 2019 9:35 pm
Forum: Personal Consumer Issues
Topic: Umbrella Coverage for Hired Subcontractors
Replies: 7
Views: 603

Umbrella Coverage for Hired Subcontractors

In general, will a $5M umbrella coverage protect me from any liability caused by an uninsured contractor I hire? I need to have some concrete broken up and hauled away and the folks I want to use are day laborers that almost certainly don't have insurance. * bracing for impact *
by creditdefaultswaps
Thu Dec 20, 2018 6:41 pm
Forum: Personal Consumer Issues
Topic: Saving on Home Improvement Repairs
Replies: 29
Views: 1862

Re: Saving on Home Improvement Repairs

Thanks everyone for your thoughtful opinions and responses. You've given me much to consider and explore. Happy Holidays everyone. :sharebeer
by creditdefaultswaps
Wed Dec 19, 2018 1:22 pm
Forum: Personal Consumer Issues
Topic: Saving on Home Improvement Repairs
Replies: 29
Views: 1862

Re: Saving on Home Improvement Repairs

I actually got the idea from two of the inspectors, one foundation and one HVAC, who recommended that I do parts of the job myself. I figured if they were willing to make that suggestion, they might be willing to be paid to give me just enough to move forward on their advice.
by creditdefaultswaps
Wed Dec 19, 2018 1:06 pm
Forum: Personal Consumer Issues
Topic: Saving on Home Improvement Repairs
Replies: 29
Views: 1862

Re: Saving on Home Improvement Repairs

So you don't think a contractor would accept being paid $100-200/hour to consult? I'm a quick learner and most of what I need is just information and oversight as I reach certain milestones. YouTube videos are great, but they often lack region-specific information or details that are unique to my s...
by creditdefaultswaps
Wed Dec 19, 2018 12:35 pm
Forum: Personal Consumer Issues
Topic: Saving on Home Improvement Repairs
Replies: 29
Views: 1862

Re: Saving on Home Improvement Repairs

So you don't think a contractor would accept being paid $100-200/hour to consult? I'm a quick learner and most of what I need is just information and oversight as I reach certain milestones. YouTube videos are great, but they often lack region-specific information or details that are unique to my si...
by creditdefaultswaps
Wed Dec 19, 2018 12:24 pm
Forum: Personal Consumer Issues
Topic: Saving on Home Improvement Repairs
Replies: 29
Views: 1862

Saving on Home Improvement Repairs

We're closing on a 1920's home that needs a lot of work. We've started gathering quotes from professionals and the quotes are coming in at relatively high prices. We're not in a rush and none of the repairs are urgent. Does anyone have experience with hiring a contractor as a consultant to teach and...
by creditdefaultswaps
Tue Nov 20, 2018 6:17 pm
Forum: Personal Finance (Not Investing)
Topic: Partnership Agreement
Replies: 11
Views: 458

Re: Partnership Agreement

Can you give him the extra 2% equity but structure the company so you have equal say in decisions? Yea, voting rights are separate from equity splits. He did say he's open to equal say in decisions in the beginning. And with two of you, equal in decision making, what happens in a "tie"? That can ge...
by creditdefaultswaps
Tue Nov 20, 2018 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Partnership Agreement
Replies: 11
Views: 458

Re: Partnership Agreement

I was in two partnerships years ago, using partnership agreements based upon the Nolo book. Whether or not you decide to use an attorney for this agreement, I suggest you read the book to understand the issues and implications. One of those partnerships was 50/50 for decision-making. This did encou...
by creditdefaultswaps
Tue Nov 20, 2018 6:04 pm
Forum: Personal Finance (Not Investing)
Topic: Partnership Agreement
Replies: 11
Views: 458

Re: Partnership Agreement

Can you give him the extra 2% equity but structure the company so you have equal say in decisions?
Yea, voting rights are separate from equity splits. He did say he's open to equal say in decisions in the beginning.
by creditdefaultswaps
Tue Nov 20, 2018 5:49 pm
Forum: Personal Finance (Not Investing)
Topic: Partnership Agreement
Replies: 11
Views: 458

Partnership Agreement

My potential partner and I are in considering going into business together and we're in the process of working through our partnership agreement. This person brings a strong complementary skill set and for many reasons, the partnership and the underlying business has a lot of potential. That said, I...
by creditdefaultswaps
Wed Oct 03, 2018 5:51 pm
Forum: US Chapters
Topic: Your USER NAME...what does it mean?
Replies: 471
Views: 61559

Re: Your USER NAME...what does it mean?

Fan of the "The Big Short".
by creditdefaultswaps
Tue Sep 18, 2018 6:44 pm
Forum: Investing - Theory, News & General
Topic: Marijuana ETF's
Replies: 8
Views: 2264

Marijuana ETF's

[OT comment removed by admin LadyGeek] Because none of the major stock indices include mmj stocks, I wonder if it makes sense to consider adding some of these "weed stocks" to the portfolio. The management fees are a bit high for most of the ETF's I've research. Are you exploring this space for inv...
by creditdefaultswaps
Fri Sep 14, 2018 12:15 pm
Forum: Investing - Theory, News & General
Topic: Connecting with Entrepreneurs
Replies: 2
Views: 296

Re: Connecting with Entrepreneurs

smitcat wrote:
Fri Sep 14, 2018 8:27 am
- SCORE
- SBDC in your area and ones in adjacent areas
- Angel investing groups near you
- LinkedIn
- Any larger local funding group(s)
Was not aware of SCORE. Thanks.
by creditdefaultswaps
Thu Sep 13, 2018 10:09 pm
Forum: Investing - Theory, News & General
Topic: Connecting with Entrepreneurs
Replies: 2
Views: 296

Connecting with Entrepreneurs

I'm exploring creating a Search Fund and raising private equity to acquire a boring established business with solid cashflows. I'd like to connect with other entrepreneurs who are either pursuing this path or have already gone through it. How can I find and attempt to connect with folks who are know...
by creditdefaultswaps
Mon Sep 03, 2018 11:19 pm
Forum: Personal Finance (Not Investing)
Topic: Help make me more employable
Replies: 18
Views: 2780

Re: Help make me more employable

I second the Data Science approach. I'd also consider exploring becoming a Machine Learning Engineer. There are plenty of great medical, hardware, and robotics-based companies that would love to hire a ML engineer with your background.
by creditdefaultswaps
Sun Aug 26, 2018 12:48 am
Forum: Personal Consumer Issues
Topic: WiFi Router - Netgear AC750 or something better?
Replies: 24
Views: 1493

Re: WiFi Router - Netgear AC750 or something better?

If you don't mind a seperate router + wifi access point combo and only a slightly more sophisticated setup, I cannot recommend Ubiquiti equipment enough. For a home setup, I would start with the EdgeRouter X router and a Unifi AP:
https://www.ubnt.com/edgemax/edgerouter-x/
by creditdefaultswaps
Fri Aug 24, 2018 12:38 am
Forum: Personal Consumer Issues
Topic: Is SSD PCIe storage suitable for a database?
Replies: 15
Views: 1136

Re: Is SSD PCIe storage suitable for a database?

SSD PCIe is just SSD over a PCI bus, so you can expect reads and writes to be faster than spinning disk. That said, network speed and app inefficiencies are more likely to be limiting factors before you run into disk access bottlenecks. So yes, you can use it for a database. Do you need it? That dep...
by creditdefaultswaps
Thu May 24, 2018 7:25 pm
Forum: Personal Investments
Topic: Small & Community Bank ETF's
Replies: 6
Views: 537

Re: Small & Community Bank ETF's

So is your investment thesis that any change isn't properly priced in now, and these will all do better than expected because people underestimate the effect currently? Anyway, investment rationale aside, one ETF that looks close to what you're asking is SPDR S&P Regional Banking ETF (KRE, ER = 0.3...
by creditdefaultswaps
Thu May 24, 2018 7:18 pm
Forum: Personal Investments
Topic: Small & Community Bank ETF's
Replies: 6
Views: 537

Re: Small & Community Bank ETF's

Probably not since small & community banks were not affected by Dodd-Frank in the first place since they probably had less than $50 billion in assets. https://www.npr.org/sections/thetwo-way/2018/05/22/613390275/congress-to-undo-part-of-dodd-frank-easing-rules-for-mid-sized-smaller-banks I thought ...
by creditdefaultswaps
Thu May 24, 2018 7:01 pm
Forum: Personal Investments
Topic: Small & Community Bank ETF's
Replies: 6
Views: 537

Small & Community Bank ETF's

Are there any ETF's compromised of banks which may benefit from the recent rollbacks in Dodd-Frank?
by creditdefaultswaps
Tue Mar 13, 2018 9:00 pm
Forum: Personal Finance (Not Investing)
Topic: Pay cash or go crazy (and take 2.5% loan and invest
Replies: 30
Views: 3001

Re: Pay cash or go crazy (and take 2.5% loan and invest

Well, I'll give the first unpopular opinion. 2.5% is a pretty good rate and I'd take it over paying all cash. The interest rate almost matches the most recent inflation rates so the true cost is next to zero under current conditions. I am also partial to keeping more of my money to direct however I ...
by creditdefaultswaps
Tue Mar 13, 2018 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Pay cash or go crazy (and take 2.5% loan and invest
Replies: 30
Views: 3001

Re: Pay cash or go crazy (and take 2.5% loan and invest

I've found that if I qualify for the ~2% auto loan, I also usually qualify for the 0% loans offered through the manufacturer. Is that an option for you?
by creditdefaultswaps
Sun Jan 07, 2018 12:34 am
Forum: Personal Investments
Topic: Ripple and Ethereum: Which exchange do you use and do you recommend it?
Replies: 14
Views: 2501

Re: Ripple and Ethereum: Which exchange do you use and do you recommend it?

I've successfully used coinbase.com and gdax.com to buy and sell eth. Both are essentially the same company, but coinbase.com is the simple, no-frills version of gdax which has more serious trader features and lower transaction fees.
by creditdefaultswaps
Wed Dec 13, 2017 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on Crypto Currency Short-Term Profit
Replies: 8
Views: 1440

Re: Taxes on Crypto Currency Short-Term Profit

LAguy818 wrote:
Wed Dec 13, 2017 6:52 pm
There's a free website that can import your information from multiple sites to generate a gain / loss report for your taxes:

https://bitcoin.tax
Nice! Thanks for this.
by creditdefaultswaps
Wed Dec 13, 2017 11:20 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on Crypto Currency Short-Term Profit
Replies: 8
Views: 1440

Re: Taxes on Crypto Currency Short-Term Profit

malbecman wrote:
Wed Dec 13, 2017 7:16 pm
Now if you had only invested $1M! :moneybag :)
I've been tempting to go at it again with more a lot more; but that'd be gambling and I value my sleep.
by creditdefaultswaps
Wed Dec 13, 2017 12:50 pm
Forum: Personal Finance (Not Investing)
Topic: Taxes on Crypto Currency Short-Term Profit
Replies: 8
Views: 1440

Taxes on Crypto Currency Short-Term Profit

I invested $1K in Ethereum a week ago and sold it last night at $1400 using Coinbase. Two questions:

1. Am I obligated to report the gain? (I'm presuming so)
2. If so, what should I set aside for taxes on this gain?
by creditdefaultswaps
Fri Dec 08, 2017 9:23 pm
Forum: Personal Consumer Issues
Topic: I am buying a car: Most/Least Reliable Makes?
Replies: 83
Views: 7846

Re: I am buying a car: Most/Least Reliable Makes?

You can get a fully-loaded Mazda, Kia or Toyota for <= $30K - even a hybrid in some cases. I've had great experiences with all, especially in the > 150K mileage range.
by creditdefaultswaps
Fri Dec 08, 2017 1:52 pm
Forum: Personal Consumer Issues
Topic: Gift Giving Strategy for Married Couples
Replies: 20
Views: 2139

Re: Gift Giving Strategy for Married Couples

Thanks everyone for your replies. It seems everyone does it a little different and that's A-OK with me. I've got another good 35+ Christmases to go (If I'm lucky) to try and each and every one of these out. :sharebeer
by creditdefaultswaps
Thu Dec 07, 2017 8:06 pm
Forum: Personal Consumer Issues
Topic: Gift Giving Strategy for Married Couples
Replies: 20
Views: 2139

Gift Giving Strategy for Married Couples

Every year around this time, my spouse will start pestering for me gift ideas for the holidays and I usually say the same line about how I don't desire any material things much these days and the things that I really want, I want to earn for myself. This is usually returned with eyesrolling because ...
by creditdefaultswaps
Mon Sep 11, 2017 9:28 pm
Forum: Personal Finance (Not Investing)
Topic: Question Re: Max 401K Contribution
Replies: 28
Views: 2734

Re: Question Re: Max 401K Contribution

Well, if you are self-employed which you haven't clarified, your CPA is not correct I answered that in my first post. I have W2 as primary income in addition to 1099 income. Once again what avalpert and I have told you several times is the correct answer. Wait, can you repeat it one more time? /s I...
by creditdefaultswaps
Mon Sep 11, 2017 4:49 pm
Forum: Personal Finance (Not Investing)
Topic: Question Re: Max 401K Contribution
Replies: 28
Views: 2734

Re: Question Re: Max 401K Contribution

I contacted my CPA and here's what she had to say: You cannot contribute any additional employee 401k contribution, since you already reach the max. Employer portion, I guess no one would know. If you don't have expense related to your consulting 1099, you can contribute 15k, 25% of net consulting i...
by creditdefaultswaps
Sat Sep 09, 2017 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Question Re: Max 401K Contribution
Replies: 28
Views: 2734

Re: Question Re: Max 401K Contribution

Per your advice, I will hold off making any more contributions and work with my CPA to determine if I need to make additional contributions.
by creditdefaultswaps
Fri Sep 08, 2017 6:51 pm
Forum: Personal Finance (Not Investing)
Topic: Question Re: Max 401K Contribution
Replies: 28
Views: 2734

Re: Question Re: Max 401K Contribution

FYI, Fidelity has adjusted my employee contributions so that they are denoted as employer contributions. Of my $60K in gross 1090 income, I will have less than $10K in expenses. That would make my maximum employer contribution to the Solo 401(k) ($60k-$10k) * 25% = $12.5K. I've contributed a little ...
by creditdefaultswaps
Fri Sep 08, 2017 4:44 pm
Forum: Personal Finance (Not Investing)
Topic: Question Re: Max 401K Contribution
Replies: 28
Views: 2734

Re: Question Re: Max 401K Contribution

So if I understand correctly, I can only contribute $18K as an employee across all plans, but I may contribute up to $54K as an employer? I'm using Fidelity as the custodian for my Solo 401(k). Can and should I have them adjust my contributions this year to be employer contributions? This is so con...
by creditdefaultswaps
Fri Sep 08, 2017 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Question Re: Max 401K Contribution
Replies: 28
Views: 2734

Re: Question Re: Max 401K Contribution

So if I understand correctly, I can only contribute $18K as an employee across all plans, but I may contribute up to $54K as an employer?

I'm using Fidelity as the custodian for my Solo 401(k). Can and should I have them adjust my contributions this year to be employer contributions?
by creditdefaultswaps
Fri Sep 08, 2017 3:56 pm
Forum: Personal Finance (Not Investing)
Topic: Question Re: Max 401K Contribution
Replies: 28
Views: 2734

Question Re: Max 401K Contribution

This year, I will max my W2 income 401K plan with $18K. I also have a contracting gig and have been making contributions to a Solo 401(k) as employee contributions. Should I continue to contribute to the Solo 401(k) plan using employee contributions or should I be making these contributions as the e...
by creditdefaultswaps
Sun Aug 13, 2017 9:42 pm
Forum: Personal Investments
Topic: Should I sell my rental property?
Replies: 15
Views: 2701

Re: Should I sell my rental property?

@petulant I'll answer what I can for now: Depreciation numbers on house along with other info for tax consequences We bought it in 2012 for $212K. I'd have to check with my accountant for exact numbers. AGI for tax brackets, RE loss rules Not sure about RE loss rules, but our AGI is ~$200K. Prevaili...
by creditdefaultswaps
Thu Aug 10, 2017 2:20 pm
Forum: Personal Investments
Topic: Should I sell my rental property?
Replies: 15
Views: 2701

Re: Should I sell my rental property?

I need to make a correction, as I included debt service in my cashflow. Here's a more accurate depiction: Purchase Price: $212K Estimated Value Today: $400-450K Initial Cash Outlay (Down Payment): $25K Gross Income: $2100/month Vacancy Factor Over Last 5 Years: 0% Property Management: 8% of rent - $...
by creditdefaultswaps
Wed Aug 09, 2017 12:27 pm
Forum: Personal Investments
Topic: Should I sell my rental property?
Replies: 15
Views: 2701

Re: Should I sell my rental property?

Oh, there's no way I'd buy for cashflow in SoCal. I'm not opposed to multi-families in the midwest, but the question is: where? I've had several people try and steer me to the Cleveland, OH area but for many reasons, that seems excessively risky. Any particular cities you recommend exploring?
by creditdefaultswaps
Wed Aug 09, 2017 1:03 am
Forum: Personal Investments
Topic: Should I sell my rental property?
Replies: 15
Views: 2701

Should I sell my rental property?

We own a rental property in a suburb of Boston (out-of-state). It's worth about $400-450K and we owe about $180K. We currently net cashflow approximately $1900 /month, fully managed. We're considering selling and 1031 exchanging a property in our current city in SoCal or rolling the funds into a lar...
by creditdefaultswaps
Mon Jul 24, 2017 6:59 pm
Forum: Personal Finance (Not Investing)
Topic: Where to get mortgage if buying house out of state?
Replies: 2
Views: 386

Re: Where to get mortgage if buying house out of state?

You need to find a lender licensed to lend in the state where you are making the purchase. If you have someone in your local state you like, try calling them and asking them if they lend in the target state.
by creditdefaultswaps
Sun Jul 23, 2017 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Investing Education and Mansplaining
Replies: 128
Views: 12293

Re: Investing Education and Mansplaining

We could argue about whether this is right or wrong, why it's the case, or how widespread it is, but it would be a waste of time. When you argue with reality, you lose, but only 100% of the time. Better to accept it and deal with it than argue against it. When is acceptable to make judgements of fo...
by creditdefaultswaps
Sun Jul 09, 2017 10:28 pm
Forum: Personal Investments
Topic: Should I invest in this business?
Replies: 19
Views: 1970

Should I invest in this business?

I have an opportunity to invest in a Hooka Lounge near a major university. The offer is 49% ownership with a 50/50 profit split for $50K. I've never met the owner but the nature of my consulting permits me access to many investment and business opportunities. Should I even consider this opportunity?...
by creditdefaultswaps
Sun Jun 25, 2017 12:04 am
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for 1099 Income
Replies: 18
Views: 2631

Re: Tax Strategy for 1099 Income

I wanted to post a quick update since my Solo 401(k) is now open with Fidelity. Thank you all, especially @avalpert, for your guidance thus far. Here's how I'm planning to save the 60K I'm forecasted to earn in 1099 income this year: * 20% towards Solo(401k) in a Bogleheads Three-Fund portfolio cons...
by creditdefaultswaps
Sun Jun 18, 2017 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Strategy for 1099 Income
Replies: 18
Views: 2631

Re: Tax Strategy for 1099 Income

With the Solo 401k, you could roll your existing Traditional IRA into it and then be able to make after-tax IRA contributions that you convert to Roth - in essence making Roth contributions every year. With a SEP-IRA you won't be able to do that without creating a significant tax liability. I'm alm...