Search found 95 matches

by Oddball
Sun Jan 10, 2021 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: Should I Pull Money (Equity) Out of Rental Properties?
Replies: 39
Views: 2803

Re: Should I Pull Money (Equity) Out of Rental Properties?

What are the terms of your rental houses? Why not do a mortgage or HELOC on your primary? 80% LTV will give you ~$480k to use for more properties, the terms will better than on the investment properties. Have you looked at multi unit (3-4 units) buildings?
by Oddball
Tue Nov 17, 2020 11:51 am
Forum: Personal Finance (Not Investing)
Topic: What % of your Net Worth is Home Equity? What % is total value of RE relative to net worth?
Replies: 124
Views: 6952

Re: What % of your Net Worth is Home Equity? What % is total value of RE relative to net worth?

1) 40% (it is a 2 unit building so both our primary and a rental)
2) 105%

We plan to buy another multi-unit as a new primary in the next year and keep our current 2-unit as 2 rental units, so #2 will likely be closer to 200% then.
by Oddball
Thu Aug 20, 2020 10:55 am
Forum: Personal Consumer Issues
Topic: Google Play Music sunsetting to YouTube Music
Replies: 66
Views: 3914

Re: Google Play Music sunsetting to YouTube Music

This change has really pissed me off. We have 5 Home speakers + Chromecast Ultra to stream music throughout the house. We often use GPM to play music stations and it appears the switch to YouTube Music will take this away. We are a very Google focused house (Pixel phones, Project Fi phone service) b...
by Oddball
Wed Jul 29, 2020 9:15 am
Forum: Personal Consumer Issues
Topic: Don't pay full price for SiriusXM radio
Replies: 370
Views: 47859

Re: Don't pay full price for SiriusXM radio

I just wanted to say thanks for the heads up on the $60/year plan. I had just been auto-renew a couple weeks back for the "mostly music" package which was ~$85 for 6 months after taxes & fees. Went online, selected cancel, and then upgraded to the select package (better than the mostly...
by Oddball
Mon Jul 27, 2020 10:40 am
Forum: Personal Investments
Topic: House hacking - Triplex after divorce?
Replies: 2
Views: 744

Re: House hacking - Triplex after divorce?

Sounds like a solid plan to me. We live in a 2-unit building, renting out the other unit and love the tax breaks and the tenant paying ~75% of the mortgage every month. We pay ~$700 a month out of pocket for a place that would rent for $2300 a month. The only thing I question about your plan is the ...
by Oddball
Wed Jul 22, 2020 10:23 am
Forum: Personal Finance (Not Investing)
Topic: Reapplying for a HELOC
Replies: 5
Views: 484

Re: Reapplying for a HELOC

You have a primary residence and what is the other property? Vacation home or rental will likely have a higher APR than a primary residence for a HELOC. What was your debt to income % last year? Banks are looking at lower than ~50% now, was a bit higher before covid. If you are running up against a ...
by Oddball
Tue Jul 21, 2020 1:19 pm
Forum: Personal Finance (Not Investing)
Topic: Pay credit card with Roth?
Replies: 12
Views: 779

Re: Pay credit card with Roth?

Can she get a new 12 or 15 month 0% APR CC with a 3 or 4% transfer fee? Say she gets a 4% transfer card 15 month 0%, transfer the balance to the new card and set up automatic payments for $700 per month. Balance paid off at 15 months. Or if she can't cash flow $700 a month, pay $5k with the Roth and...
by Oddball
Mon Jul 06, 2020 10:20 am
Forum: Personal Consumer Issues
Topic: YoutubeTV subscription now $64.99/month
Replies: 174
Views: 17653

Re: YoutubeTV subscription now $64.99/month

For cable just do the 2 year swap. My name for 2, spouses name for 2...rinse repeat. Get all the specials this way. Just don't do it if your email addy is tied to the account. You will lose it when you cancel it. That’s what we do. Takes about an hour or 2 every 2 years. And I’m paying less than wh...
by Oddball
Mon Jun 29, 2020 11:24 am
Forum: Personal Finance (Not Investing)
Topic: In COVID-19 Uncertainty - pay off student loan or bolster emergency fund?
Replies: 11
Views: 1118

Re: In COVID-19 Uncertainty - pay off student loan or bolster emergency fund?

I would hold the loans for another year at least. The APR isn't great but isn't crazy either. I would kick myself if I paid off $11k and then (soon) down the road there are some student loan forgiveness law put in place.
by Oddball
Mon Jun 08, 2020 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Considering a HELOC on paid off home
Replies: 6
Views: 772

Re: Considering a HELOC on paid off home

2.) I read that HELOC liens can potentially create a mess on the title, is this something I should be concerned about and what actions should I take aside from checking that the lien is cleared after I close the HELOC through the local government office? The only real complication would be if you h...
by Oddball
Fri Apr 24, 2020 7:54 am
Forum: Personal Finance (Not Investing)
Topic: Refund to HSA, over-limit?
Replies: 1
Views: 165

Refund to HSA, over-limit?

Our HSA is set to be maxed out this year as it has been for the past several years.

In 2018 I paid for some dental work using the HSA (debit card). I am getting a refund posted to my HSA in the week or so. Does the refund count as a contribution for 2020? Thanks!
by Oddball
Fri Apr 10, 2020 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Capital One QuickSilver credit card limit
Replies: 36
Views: 1984

Re: Capital One QuickSilver credit card limit

I got a Quicksilver card about 6 months ago with the sole intent of using it to pay for a semester of grad classes for DW (~$5000). 0% interest for 12 or 15 months plus a sign on bonus of $200 or so is how we are paying for her grad school (also have a discover card for a different semester and will...
by Oddball
Thu Apr 02, 2020 8:39 am
Forum: Personal Investments
Topic: Advice for a 26 year old with $400k cash
Replies: 76
Views: 5051

Re: Advice for a 26 year old with $400k cash

I’m a bit of the opposite approach as the user above me. If this is the city you’ll live in, then I’d get a duplex and rent out the other side. Rest into VTSAX or VFIAX. Both very similar Would you use half of it to buy a duplex and the other half to invest ? Or would you first buy the duplex (even...
by Oddball
Mon Mar 30, 2020 9:43 am
Forum: Personal Finance (Not Investing)
Topic: Help for Landlords in the Stimulus Bills?
Replies: 198
Views: 13808

Re: Help for Landlords in the Stimulus Bills?

"Today, to keep renters in multifamily properties in their home and to support multifamily property owners during the coronavirus national emergency, the Federal Housing Finance Agency (FHFA) is announcing that Fannie Mae and Freddie Mac (the Enterprises) will offer multifamily property owners ...
by Oddball
Sun Mar 29, 2020 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC after refi to pay off 401k loan
Replies: 9
Views: 662

Re: HELOC after refi to pay off 401k loan

We got a HELOC a couple years ago with a LTV of 80%. We could have gone to 90% LTV but with a higher APR. I also have a 401k loan and do not plan to pay it off any faster than required.
by Oddball
Tue Mar 17, 2020 7:45 am
Forum: Personal Finance (Not Investing)
Topic: Roth conversion planning in a bear market
Replies: 63
Views: 4439

Re: Roth conversion planning in a bear market

While we are not in the same situation as we are still ~20 years from retirement but are in a lower tax bracket last year and this year, we are conververting some tIRA over to Roth. This drop will be a good time to move more funds with less tax burden. Our accounts (tIRA and Roth) are at Vanguard. ...
by Oddball
Fri Mar 13, 2020 9:06 am
Forum: Personal Consumer Issues
Topic: Battery powered lawn mower recommendation
Replies: 71
Views: 2606

Re: Battery powered lawn mower recommendation

Have used an EGO self-propelled mower for one year. Purchased Model# LM2102SP at Home Depot in the spring when it was on sale for $100 off. What I like about this mower: 1. No gas! Don’t have to buy gas, store gas, or fill tank. Just charge battery. Mower came with a 7.5 Ah battery. Also purchased ...
by Oddball
Thu Mar 12, 2020 9:58 pm
Forum: Personal Finance (Not Investing)
Topic: Payoff 401k loan with HELOC?
Replies: 15
Views: 715

Re: Payoff 401k loan with HELOC?

If you are paying yourself the interest, isn't the interest rate effectively 0% no matter how much you pay in interest? Just moving the interest payment from your checking account / pay stub into your 401k? With post tax money you get taxed on again later?
by Oddball
Thu Mar 12, 2020 2:19 pm
Forum: Personal Finance (Not Investing)
Topic: Roth conversion planning in a bear market
Replies: 63
Views: 4439

Re: Roth conversion planning in a bear market

While we are not in the same situation as we are still ~20 years from retirement but are in a lower tax bracket last year and this year, we are conververting some tIRA over to Roth. This drop will be a good time to move more funds with less tax burden. Our accounts (tIRA and Roth) are at Vanguard. W...
by Oddball
Thu Mar 12, 2020 8:00 am
Forum: Investing - Theory, News & General
Topic: Is it Possible the Market Closes Permanently
Replies: 43
Views: 4336

Re: Is it Possible the Market Closes Permanently

Things would have to get a thousand time worse than they are currently. In 2018/2019 40 million had the flu and at least 80 thousand died in the US. So, far 40 people have died from the coronavirus in the US. I guess I missed it in 2018/2019 when a major sports league cancelled their season, the US...
by Oddball
Mon Mar 09, 2020 12:18 pm
Forum: Personal Finance (Not Investing)
Topic: 30 year mortgage under 3%
Replies: 301
Views: 47844

Re: 30 year mortgage under 3%

I just did a 2.75 30yr with my current lender (Freedom Mortgage) - streamline refinance, so no cost or hassle. Signed some forms, not even a credit check Hm, this sounds interesting. I have two houses financed by Freedom Mortgage. My mortgages are both 7 year old, 30 year fix at 3.25% and 3.5% resp...
by Oddball
Tue Mar 03, 2020 9:56 am
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 9314
Views: 651161

Re: Refinance Mega Thread

I got 30 year 3.0% with closing costs covered from lenderfi Data point in case it's useful to anyone: the best I can get through lenderfi for a 30 year with no points is 3.625%. Perfect credit, high LTV, etc. Best no points option 15 year is 3.5%! My best guess is strong regional differences. I'm i...
by Oddball
Fri Feb 28, 2020 7:56 am
Forum: Personal Finance (Not Investing)
Topic: 15yr vs 30yr (and invest difference)?
Replies: 19
Views: 1164

Re: 15yr vs 30yr (and invest difference)?

We are looking at doing a refi on 2 properties, a owner occupy duplex and a rental condo. The condo has ~22 years left on a 30 year @ 3.75% and the duplex has 25 years left at 3.875%. We plan to move out of the duplex in a couple of years, keep it and rent both units, and buy a 2-3 unit property wit...
by Oddball
Fri Feb 14, 2020 11:35 am
Forum: Personal Investments
Topic: I bought a house, what is my AA now?
Replies: 152
Views: 8142

Re: I bought a house, what is my AA now?

I agree with the majority that a house is not part of one's portfolio. However, I recently found myself falling into somewhat of that logic: As an alternative to rebalancing by purchasing a CD at 2.4%, I instead paid down an equal amount of my 3% mortgage. Because I will end up with a "gain&qu...
by Oddball
Fri Feb 07, 2020 4:57 pm
Forum: Personal Investments
Topic: I bought a house, what is my AA now?
Replies: 152
Views: 8142

Re: I bought a house, what is my AA now?

If you don't live in it, and you bought in order to collect rent and make a profit when you sell, then it is part of your asset allocation. What if you bought when you were single, lived there 10 years, and then got married and moved to a new location and turned it into a rental? What if you bought...
by Oddball
Tue Jan 28, 2020 2:05 pm
Forum: Personal Investments
Topic: What is the most aggressive Boglehead allocation for a Roth IRA?
Replies: 38
Views: 3846

Re: What is the most aggressive Boglehead allocation for a Roth IRA?

My Roth is 2/3 VFSAX and 1/3 MJ ETF.

But my roth is only 15% of our total market investment and I don't hold these funds in any other accounts.
by Oddball
Fri Jan 24, 2020 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Didn't max out HSA in 2019
Replies: 2
Views: 289

Didn't max out HSA in 2019

For a family account a total of $6200 was contributed in 2019, I have seen that we can still max it out before tax day (15 Apr 2020). I sent an e-mail to both the HSA custodian and also the CPA we use for taxes but haven't heard back from either yet. So, do we can just send $800 post tax money from ...
by Oddball
Wed Jan 22, 2020 12:45 pm
Forum: Personal Finance (Not Investing)
Topic: Cash Back Credit Card Reward Strategy
Replies: 21
Views: 2113

Re: Cash Back Credit Card Reward Strategy

There is a massive thread about CC rewards on this site. https://www.bogleheads.org/forum/viewtopic.php?f=2&t=192008 If your credit scores are already good I wouldn't worry about getting a new CC or 2. What we do (me, DW, and a baby) is the Citi Double Cash for most stuff. Chase Freedom which is...
by Oddball
Wed Jan 22, 2020 9:44 am
Forum: Personal Finance (Not Investing)
Topic: Rental House Investment
Replies: 12
Views: 1615

Re: Rental House Investment

I agree that this is a question for biggerpockets, not this site.

That said, a 3-4 unit building is likely to be a better investment. I would use a bank loan with 25% down and lock in today's low APR.
by Oddball
Mon Jan 13, 2020 10:09 am
Forum: Personal Investments
Topic: Portfolio Review - Leaving Financial Advisor
Replies: 11
Views: 1184

Re: Portfolio Review - Leaving Financial Advisor

Got it. Onward to simplification. Regarding moving from the FA, does anyone know how the annuity account gets handled in this scenario? I had a previous FA who put my old 401k funds into an annuity, all pre-tax money. I ended up rolling it into my tIRA but I did have to pay some fees to get the mon...
by Oddball
Fri Jan 10, 2020 12:43 pm
Forum: Personal Finance (Not Investing)
Topic: New tax law re: 529 and student loans
Replies: 3
Views: 694

Re: New tax law re: 529 and student loans

Has anyone set up to pay their students loans using a 529 yet? Just treat the 529 as a checking account - transfer the payment into the account and then the loan payment is pulled out? I live in IL which has a 5% tax deduction on contributions. I have about $16k in loans locked at 2.75% and am payin...
by Oddball
Thu Dec 19, 2019 5:01 pm
Forum: Personal Investments
Topic: Down Payment on Another Home
Replies: 2
Views: 434

Re: Down Payment on Another Home

1) We also own a 2 unit building and live in one/rent the other. In addition to the 2-unit have a rental condo and a rental single family home. We use the real estate to calculate net worth but do not use it to change/part of our our AA (we are at 80% stock/20% bonds). 2) It really depends on how mu...
by Oddball
Tue Dec 10, 2019 1:01 pm
Forum: Personal Finance (Not Investing)
Topic: Tax Advisors
Replies: 6
Views: 747

Re: Tax Advisors

We use a CPA for our taxes due to the fact that we have 3 rental units. Normally only have to talk with him during tax time but he does answer questions I get during the year as well.
by Oddball
Tue Dec 10, 2019 12:59 pm
Forum: Personal Finance (Not Investing)
Topic: 16 Weeks Paternity Leave
Replies: 124
Views: 9082

Re: 16 Weeks Paternity Leave

I work at a MegaCorp which offers 8 weeks paid leave for new children. Leave had to start within 12 weeks after the birth. My son was was born on a Wednesday (not planned) just over a year ago so I took PTO that day (I sent a text to my boss letting them know the baby was coming when we were at the ...
by Oddball
Mon Sep 16, 2019 9:44 am
Forum: Personal Investments
Topic: Increase short term debt to invest long term
Replies: 1
Views: 225

Increase short term debt to invest long term

Quick version of question: pay 5.25% for 2 years on funds that will be invested in ROTH accounts for 20+ years? DW and I have a 1 year old and DW has left the workforce to stay home at day and go to grad school at night, so we went from DINKs to single income and a baby. We are paying for her grad c...
by Oddball
Wed Jun 19, 2019 9:47 am
Forum: Investing - Theory, News & General
Topic: Utilities - worth another look?
Replies: 192
Views: 21265

Re: Utilities - worth another look?

So, it is a good idea to shift some funds to Utilities? All of this diversification discussion is interesting but not that helpful to me in deciding to make some changes or not. If you have common 3-fund portfolio of 50% US stocks (VTSAX), 25% VTI, and 25% BND, would shifting to 40/25/25/10 VPU (for...
by Oddball
Fri Jun 14, 2019 8:04 am
Forum: Personal Investments
Topic: Purchasing home with less than 20% downpayment experiences?
Replies: 59
Views: 4998

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

I did zero down FHA when I purchased my first home. Lived there for 10 years. Made every payment on time. Refinanced twice, one to remove girlfriend and another to move for 15 year vs 30. Never took any cash out. After ten years walked away with $7000 upon sale. Make $675 payments for 10 years. I p...
by Oddball
Mon Jun 03, 2019 12:36 pm
Forum: Personal Investments
Topic: What percent of your assets do you have in investment property (excluding your personal residence)?
Replies: 73
Views: 3921

Re: What percent of your assets do you have in investment property (excluding your personal residence)?

If you manage RE yourself, you need to impute a management fee as personal income and deduct if from the rental income in order to properly evaluate the return on the actual RE investment as an asset. Many people don't do this and overstate the returns they are seeing on their investment. This! I a...
by Oddball
Fri May 31, 2019 12:56 pm
Forum: Personal Investments
Topic: What percent of your assets do you have in investment property (excluding your personal residence)?
Replies: 73
Views: 3921

Re: What percent of your assets do you have in investment property (excluding your personal residence)?

About 30%. Been a self-managed landlord for the past 5 years and been pretty happy about it, hope to get a couple more units (have 3 now) in the next couple of years.
by Oddball
Mon Apr 29, 2019 9:38 am
Forum: Investing - Theory, News & General
Topic: HSA AA/Location - What you do and Why ?
Replies: 18
Views: 1642

Re: HSA AA/Location - What you do and Why ?

Our HSA is part of our AA with it being part of our US stock funds allocation. We do use it to pay for medical stuff under a $100 (medications, copays, etc.) because I don't want to track a large amount of receipts. Medical bills over $100 we pay out of pocket and track those receipts. Seems like a ...
by Oddball
Fri Apr 19, 2019 10:57 am
Forum: Personal Finance (Not Investing)
Topic: The reality of borrowing from your 401k for home mortgage
Replies: 48
Views: 4246

Re: The reality of borrowing from your 401k for home mortgage

You are 27 years old with $200k in retirement accounts which is very good for that age. You want to borrow 10% of that for a downpayment on a house. Assuming you have been in the area for awhile already and know the area you want to live, I say go for it. You have done a great job saving already and...
by Oddball
Wed Apr 17, 2019 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: Question on compromised credit cards
Replies: 20
Views: 1349

Re: Question on compromised credit cards

Just yesterday I noticed that my Citi card had fraudulent charges on it and so I called Citi and they took care of it. I only use 2 CCs but I have 15+ open CC accounts. I use to do the 0% transfer of balances until I finally got rid of the CC balances, so the majority of these cards were never used ...
by Oddball
Wed Apr 03, 2019 7:38 am
Forum: Personal Investments
Topic: 24 year old making first Roth IRA account. What do you guys think of these portfolios?
Replies: 24
Views: 2028

Re: 24 year old making first Roth IRA account. What do you guys think of these portfolios?

DanEmmy wrote: Tue Apr 02, 2019 10:43 pm Fund 2018 and 2019 if you can. 75% VTSAX and 25% VTIAX
I agree with this and don't worry about bonds until you are at least 30 years old and/or have $100k+ in retirement accounts (Roth, 401ks, etc.)
by Oddball
Thu Mar 28, 2019 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 298
Views: 29335

Re: Paying "early" on mortgage may be unwise

To me the issue is liquidity, and I'd agree that a mortgage pre-payment is illiquid because obviously you cannot turn around and spend that same dollar elsewhere. Of course, the dollar that is alternatively placed in your 401(k) is also relatively illiquid. It isn't easily spendable until retiremen...
by Oddball
Thu Mar 28, 2019 11:31 am
Forum: Personal Finance (Not Investing)
Topic: Maximizing Chase freedom 5%
Replies: 27
Views: 3230

Re: Maximizing Chase freedom 5%

The Freedom never seemed worth it to me with the $1500 limit per quarter on the 5% categories - a lot of extra work for maybe $300/year. Maybe if I was into UR points, but I'm not. Actually it is less than that. Assuming our "baseline" card is doublecash 2%. This strategy only "earns...
by Oddball
Thu Mar 28, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Paying "early" on mortgage may be unwise
Replies: 298
Views: 29335

Re: Paying "early" on mortgage may be unwise

Is there a easy way to find out if extra paid on past payments when to principal or not? Plug in numbers to an online calculator and see where the principal would be at? We have 2 mortgages, 1 condo mortgage which is currently a rental. DW bought the condo and lived there for years before we met and...
by Oddball
Mon Mar 25, 2019 9:15 am
Forum: Personal Finance (Not Investing)
Topic: Illinois State Tax Loophole? What am I missing?
Replies: 54
Views: 6534

Re: Illinois State Tax Loophole? What am I missing?

It is a loophole, you're not missing anything. I just learned about this last year, but wish I had long ago. Now I contribute 2 x $6000 to trad IRA for wife and self, and the next day convert to Roth. This increases my state tax refund by $594. I assume it's a vanguard tIRA? Do you just leave it in...
by Oddball
Wed Mar 20, 2019 12:37 pm
Forum: Personal Investments
Topic: Weed stocks?
Replies: 36
Views: 2858

Re: Weed stocks?

You can check out the MJ ETF
by Oddball
Mon Mar 18, 2019 12:22 pm
Forum: Investing - Theory, News & General
Topic: Real Estate Investing Resources?
Replies: 17
Views: 1958

Re: Real Estate Investing Resources?

Bobby206 wrote: Sun Mar 17, 2019 11:11 am Go to biggerpockets.com It is all about the new real estate investor. Unlimited resources there.
I agree that BiggerPockets is the way to go, but do you have any landlord friends? I would start with them.
by Oddball
Fri Mar 01, 2019 1:46 pm
Forum: Personal Investments
Topic: Personal Capital
Replies: 20
Views: 1737

Re: Personal Capital

I've used Personal Capital for aggregation (not management) for a couple years now. Early on, I did the free consultation as a learning experience. They then called me maybe five or six times over the first year to see if I'm happy managing my money myself, but were never pushy and always were poli...