Search found 118 matches

by Oddball
Tue Aug 03, 2021 2:40 pm
Forum: Personal Investments
Topic: What is your percentage of debt to NW?
Replies: 183
Views: 12688

Re: What is your percentage of debt to NW?

orange12 wrote: Tue Aug 03, 2021 9:10 am Just because everyone else is posting zeros, figured I’d put my numbers in to break the trend :D
$1.1 million net worth
$2.350 million debt (~65% LTV rentals plus primary mortgage)
So….. 213% right?
$2.0 mil in assets
$1.2 mil in debt
NW of ~$800k
And I sleep very well at night.
by Oddball
Fri Jul 30, 2021 11:29 am
Forum: Investing - Theory, News & General
Topic: The Atlantic: A Major New Index Fund Should Unnerve Climate-Skeptical CEOs
Replies: 106
Views: 12344

Re: The Atlantic: A Major New Index Fund Should Unnerve Climate-Skeptical CEOs

Here is a link to an episode of the podcast "The Daily" which talks about Engine #1 and Exxon, interesting listen.

https://www.nytimes.com/2021/07/25/podc ... g-oil.html
by Oddball
Thu Jul 29, 2021 8:56 am
Forum: Personal Finance (Not Investing)
Topic: Major home renovation - financing options?
Replies: 18
Views: 1613

Re: Major home renovation - financing options?

HELOC for the construction. Once complete get a new mortgage with the higher value/appraisal, rolling the current mortgage + HELOC into a locked lower rate. Depending on the numbers, might be at 70% LTV or even lower, which should push APR down a bit. Biggest gamble is if interest rates go up you mi...
by Oddball
Wed Jul 28, 2021 12:55 pm
Forum: Investing - Theory, News & General
Topic: How do you factor Rental Asset in Asset Allocation
Replies: 67
Views: 5004

Re: How do you factor Rental Asset in Asset Allocation

When we first set up our AA we were at 80/20, but given the amount of mortgages we have (3, one on each property) it didn't seem to make much sense to have a large bond portion. You seem to have associated moving from 80/20 to 90/10 because you had the mortgages -- as in if you had even more debt, ...
by Oddball
Thu Jul 22, 2021 9:19 am
Forum: Investing - Theory, News & General
Topic: How do you factor Rental Asset in Asset Allocation
Replies: 67
Views: 5004

Re: How do you factor Rental Asset in Asset Allocation

since we have good amount of equity in RE we are more risky with our stocks/bonds, at 90/10 now in our early 40's and have no plans to change that as we get older. Curious, what would your asset allocation be if you had no RE, and would it also not glide? We were landlords before we took over our i...
by Oddball
Mon Jul 19, 2021 1:16 pm
Forum: Personal Consumer Issues
Topic: Wireless Router Recommendations for House?
Replies: 59
Views: 3568

Re: Wireless Router Recommendations for House?

We have the older version Google Mesh system. It works very well with almost no issues. I can't see ever going away from a mesh system.
by Oddball
Mon Jul 19, 2021 12:35 pm
Forum: Investing - Theory, News & General
Topic: How do you factor Rental Asset in Asset Allocation
Replies: 67
Views: 5004

Re: How do you factor Rental Asset in Asset Allocation

Our RE equity is ~50% of our net worth but I don't include it in our stock/bond AA, nor do I do any type of re-balancing between RE and stocks/bonds. RE for us is used for monthly cash flow i.e. after rental income - mortgage/expenses, we pay ~$500 a month out of pocket for our unit which would rent...
by Oddball
Mon Jul 12, 2021 2:43 pm
Forum: Personal Finance (Not Investing)
Topic: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth
Replies: 170
Views: 22281

Re: Buy, Borrow, Die: How Rich Americans Live Off Their Paper Wealth

I did read the article and also there is an episode of the podcast The Daily (~30 mins long) which covers this topic. https://www.nytimes.com/2021/06/15/podcasts/the-daily/jeff-bezos-elon-musk-billionaires-taxes.html? Taking a low interest loan, some of which can be a tax write-off, against your ass...
by Oddball
Thu Jun 10, 2021 11:34 am
Forum: Personal Investments
Topic: Pulled money from Roth, borrow to put it back?
Replies: 3
Views: 375

Pulled money from Roth, borrow to put it back?

I pulled $35k from a Roth account to help with a down payment for a property with the plan of opening an HELOC on a different property to pay back the Roth, basically the Roth funds were going to be used as a bridge loan. Due to timing of closing on the new house and change in status for the HELOC p...
by Oddball
Thu May 27, 2021 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Remodel for sure: Refinance house and HELOC, or just HELOC?
Replies: 15
Views: 793

Re: Remodel for sure: Refinance house and HELOC, or just HELOC?

What is the LTV? We are doing a cash-out refi at 70% LTV to get the best rate on the mortgage, and then doing a HELOC to 83% LTV to use more equity. This is to purchase another property. How much higher is the payment for the 20 year @ 2.625% compared to your current payment? It has to be pretty clo...
by Oddball
Wed May 26, 2021 11:23 am
Forum: Personal Finance (Not Investing)
Topic: Rent or buy -- and how much house should I afford?
Replies: 19
Views: 3033

Re: Rent or buy -- and how much house should I afford?

With an income of $275k + bonus per year, saving $200k per year, you should be able to spend 1 million + pretty easy. $6k a month mortgage would be $72k a year. Add in HOA, subtract your current rent. You would still be saving $125k a year which is more than most Americans save their whole life! I w...
by Oddball
Thu May 13, 2021 4:16 pm
Forum: Personal Finance (Not Investing)
Topic: Borrow From a Roth IRA to Buy a House
Replies: 12
Views: 1371

Re: Borrow From a Roth IRA to Buy a House

Thanks for the response retiredjg! But I am still not 100% sure. I am not over 59.5 years old or have any of the other reasons to pull money out early. As I mentioned I rolled my Roth from one custodian to another 3 years ago, the original account was made over 10 years. I am not worried that I can'...
by Oddball
Thu May 13, 2021 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Borrow From a Roth IRA to Buy a House
Replies: 12
Views: 1371

Re: Borrow From a Roth IRA to Buy a House

Question on this same subject: I rolled my Roth account from NW Mutual to Vanguard 3 years ago. I know one of the rules is "a withdrawal counts as qualified if the account is at least five years old". The Roth itself is at least 10 years old but the Vanguard account is only 3. Would I qual...
by Oddball
Wed Apr 28, 2021 11:28 am
Forum: Personal Finance (Not Investing)
Topic: Should we buy a condo?
Replies: 16
Views: 2601

Re: Should we buy a condo?

For the down payment you may be able to tap into your tax advantage space. I know my 401k plan allows for loans ($4.25% APR which you pay back to the account) up to 50% of the value with a max $50k draw. Doesn't seem like the worst way to get some of the funds needed.
by Oddball
Tue Apr 27, 2021 8:50 am
Forum: Personal Investments
Topic: What Do You Count in Your "Non-Equity" Asset Allocation?
Replies: 17
Views: 1537

Re: What Do You Count in Your "Non-Equity" Asset Allocation?

I think it might depend how far you are from retirement. I am still 15-20 years away, and don't include anything outside of my retire accounts (Roth, 401k, etc.) in my AA. i) I have rentals. They help with monthly cash flow and the property equity counts towards my net worth. ii) I have a pension. B...
by Oddball
Mon Apr 19, 2021 9:18 am
Forum: Investing - Theory, News & General
Topic: "Mortgage is a negative bond" - please help me understand
Replies: 336
Views: 18966

Re: "Mortage is a negative bond" - please help me understand

Good to know my portfolio is 80% Stocks 20% negative mortgage.
by Oddball
Tue Mar 30, 2021 1:21 pm
Forum: Investing - Theory, News & General
Topic: Questions about Mortgage as Negative Bonds
Replies: 13
Views: 1186

Re: Questions about Mortgage as Negative Bonds

We have 2 kids (toddler and infant). We were 80/20 before they were born. We are 80/20 now. We also have 2 mortgages. Mortgages are monthly expense, they affect monthly cash flow. We owe about $350k in mortgages, and have ~$350k in home equity. Our mortgages and home equity affect our net worth, not...
by Oddball
Fri Mar 12, 2021 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?
Replies: 126
Views: 13883

Re: Skip $10.5k Dependent Care FSA to get $8k Child Care Tax Credit @ 50% daycare expenses in 2021?

I am hoping to get a little guidance from you wise folks. I actually just signed up for $5k/year DCFSA a few weeks ago as my 2 year just started day care this year. I don't totally understand the child tax credits and how they interact with DCFSA, I just figured $5k tax free month for day care sound...
by Oddball
Wed Mar 10, 2021 3:28 pm
Forum: Investing - Theory, News & General
Topic: Any diversifiers for a younger accumulator?
Replies: 15
Views: 1357

Re: Any diversifiers for a younger accumulator?

House Hack - buy a multi unit (2-4) unit building, live in one unit and rent out the others. Lowers/eliminates your housing cost. Once you get some more money saved up or have enough equity in the property, do it again with another multi-unit building. All of these will be purchased using a owner-oc...
by Oddball
Tue Mar 09, 2021 1:51 pm
Forum: Personal Finance (Not Investing)
Topic: Child Tax Credit - 2021
Replies: 5
Views: 740

Re: Child Tax Credit - 2021

Hello All, With the new bill that was passed, there will be payments made from July-December for all children. I believe it will be around $300 per month. I couldn't find any information, but if we have a child in April, will be qualify for those payments and also the other half of the credit at th...
by Oddball
Tue Mar 02, 2021 11:38 pm
Forum: Investing - Theory, News & General
Topic: Does anyone have "fun" ETFs?
Replies: 62
Views: 3719

Re: Does anyone have "fun" ETFs?

This probably isn't in the "fun" category, but I was curious if there was an "anti-ESG" factor ETF that contained stocks typically excluded by other funds due to common ESG rules/thresholds, socks that deal with: Tobacco, Oil, Detention Center RIETs, Guns, Fastfood, etc? There a...
by Oddball
Tue Feb 23, 2021 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: 2020 Tax filing tips
Replies: 30
Views: 3628

Re: 2020 Tax filing tips

Related to the covid stimulus payments, if you had a child anytime in 2020 you will get $1100 ($500 from the spring 2020 round and $600 from Jan 2021) for the child. If you file your 2020 taxes before any more payments are sent out, the IRS will know about the child and they will be included in the ...
by Oddball
Tue Feb 09, 2021 10:30 am
Forum: Personal Investments
Topic: retiring - multiple 401k's
Replies: 17
Views: 1536

Re: retiring - multiple 401k's

I would do option #3, combine them both into one tIRA and be done with the 401ks.
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: 45
Views: 3587

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: 7290

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: 4282

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: 437
Views: 57417

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: 771

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: 498

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: 791

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: 18306

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: 1153

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: 871

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: 171

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: 2116

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: 5213

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: 14453

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: 683

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: 4488

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: 93
Views: 5222

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: 726

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: 4488

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: 4355

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: 48874

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: 11561
Views: 883706

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: 1231

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: 11648

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: 11648

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: 4002

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: 302

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 ...