Search found 1583 matches

by AerialWombat
Fri Aug 07, 2020 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing impacting additional mortgages
Replies: 2
Views: 231

Re: Refinancing impacting additional mortgages

Does refinancing my existing mortgage affect my ability to obtain additional mortgages (for 2nd/3rd properties) in the future? Other than from a debt/income ratio I don't see why not right? edit: Just thought of another one: Credit Check/Report hit if I am applying too soon after a refinance reques...
by AerialWombat
Thu Aug 06, 2020 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4579
Views: 313388

Re: Refinance Mega Thread

Quick update on my 3-at-once refi with Movement Mortgage. It took two full weeks, but all three loan files finished front-end loan processing this morning and were sent to underwriting. Doing multiple loans, and being self-employed, plus with all my rentals, it makes for long loan processing. All th...
by AerialWombat
Wed Aug 05, 2020 5:53 pm
Forum: Personal Finance (Not Investing)
Topic: 2.25% refi... low enough to not pay off?
Replies: 21
Views: 2663

Re: 2.25% refi... low enough to not pay off?

I’m currently doing three simultaneous refis, two of which are VA IRRRL. I’m locked at 2.75% on all three.

Talk to your lender about going to 2.5 or 2.75 to get a lender credit. That could absorb a significant portion of your VA funding fee, cutting the payback period.
by AerialWombat
Wed Aug 05, 2020 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: In retirement, a $100 monthly expense needs $30,000 in your portfolio
Replies: 162
Views: 19443

Re: In retirement, a $100 monthly expense needs $30,000 in your portfolio

sailaway wrote:
Mon Aug 03, 2020 4:47 pm
corn18 wrote:
Mon Aug 03, 2020 4:42 pm
This chart helps me decide whether I should keep working or not. Fat FIRE is my plan as of today.
Your lean FIRE is our fat FIRE if I am reading that chart correctly.
Their leanFIRE is 3X my normal FIRE.
by AerialWombat
Wed Aug 05, 2020 9:08 am
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a rental and hiring a property management company
Replies: 29
Views: 2470

Re: Thoughts on buying a rental and hiring a property management company

I self-managed my first two units for a couple years, then hired PM. Property management is a brutal game to be in. The PM gets screamed at by both landlords and tenants. It’s high touch, low margin. High liability. Not a business I would ever start. But I’m glad they are there. There aren’t many in...
by AerialWombat
Wed Aug 05, 2020 8:53 am
Forum: Investing - Theory, News & General
Topic: Anyone else hoarding cash right now?
Replies: 133
Views: 10295

Re: Anyone else hoarding cash right now?

I’m holding the same ratio of cash to not-cash as before the pandemic. Which happens to be a much higher ratio of cash than most Bogleheads. My behavior hasn’t changed one iota.
by AerialWombat
Wed Aug 05, 2020 1:39 am
Forum: Personal Investments
Topic: High yield Savings account yields falling, where to park emergency funds?
Replies: 16
Views: 1795

Re: High yield Savings account yields falling, where to park emergency funds?

Don’t yield chase with your EF. It belongs in HYS or a no penalty CD. Park it, leave it, don’t fret it.
by AerialWombat
Tue Aug 04, 2020 1:56 pm
Forum: Investing - Theory, News & General
Topic: Marcus lowers savings APY from 1.05% to 0.8%
Replies: 27
Views: 2172

Re: Marcus lowers savings APY from 1.05% to 0.8%

This means Discover isn’t far behind, I guess. Glad I opened a CD ladder, but at this rate, I might just direct all new cash into muni bond funds.
by AerialWombat
Sat Aug 01, 2020 5:56 pm
Forum: Personal Finance (Not Investing)
Topic: I was looking at getting the 1% cash back discover card. How many of you use debit cards all the time?
Replies: 79
Views: 3721

Re: I was looking at getting the 1% cash back discover card. How many of you use debit cards all the time?

One more reason to use a credit card: the $1.98 balance from the two vending machine purchases I made with my Discover Card was waived. Apparently that’s too small of a balance for the bank to bother collecting. That’s two free cans of soda, people. :greedy This is one of the credit card strategies...
by AerialWombat
Sat Aug 01, 2020 5:47 pm
Forum: Personal Consumer Issues
Topic: Replacing appliances--buy dumb
Replies: 53
Views: 4230

Re: Replacing appliances--buy dumb

I wish it were easier to find dumb TVs.... At this point, all I want is the viewing panel, the speakers, and an HDMI input. I don't need or want any apps on the TV, or firmware to update, etc. Don't need it to be wifi connected, etc. But I don't think TVs like that are available anymore.... I haven...
by AerialWombat
Sat Aug 01, 2020 4:38 pm
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 273
Views: 12471

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

whodidntante wrote:
Sat Aug 01, 2020 3:54 pm
This thread reminds of me what happens when you post "wearing masks reduces the spread of COVID-19" on social media. :happy
But if I wear a mask, bond yields will go negative! Negative, man, negative! :mrgreen:
by AerialWombat
Sat Aug 01, 2020 4:27 pm
Forum: Investing - Theory, News & General
Topic: Is entrepreneurship anti-Boglehead?
Replies: 41
Views: 2429

Re: Is entrepreneurship anti-Boglehead?

I don’t see how they are at odds. They are very different endeavors. About 45% of my accounting net worth is tied up in a tech startup I co-founded and provided all the working capital to for nearly two years before some VC money trickled in. Over 25% of my paper net worth is tied up in rental prope...
by AerialWombat
Sat Aug 01, 2020 4:14 pm
Forum: Personal Finance (Not Investing)
Topic: Unmotivated daughter and son in law.
Replies: 115
Views: 9499

Re: Unmotivated daughter and son in law.

I have already poured about 20k of my money into grad school for this daughter which was basically pissed away. To buy something would be 400k or so, so out of my 1.3M portfolio, not an insignificant chunk. Ex has about 2.8M, but I have a pension and he does not. I'm 67, he is 68. Any thoughts? Eve...
by AerialWombat
Sat Aug 01, 2020 2:48 pm
Forum: Investing - Theory, News & General
Topic: Ray Dalio: Is He Saying Bonds Are Done?
Replies: 67
Views: 6564

Re: Ray Dalio: Is He Saying Bonds Are Done?

I hold fixed income securities for capital preservation. you won't preserve your capital with bonds; after taxes and inflation it's pretty clear that you'll lose some of your capital. You are speculating. You have absolutely ZERO way of knowing that, unless you have a time machine. In which case, I...
by AerialWombat
Sat Aug 01, 2020 2:44 pm
Forum: Investing - Theory, News & General
Topic: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!
Replies: 273
Views: 12471

Re: Dr. Wade Pfau is my guest on the "Bogleheads on Investing" podcast!

I read this thread first, and then (just now) listened to the podcast episode. To me, the inflammatory rhetoric on this thread is completely unwarranted. The episode was very informative, like all of them are. I feel that Rick adequately challenged Dr. Pfau without making it a "hit piece", which isn...
by AerialWombat
Sat Aug 01, 2020 8:26 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio: Is He Saying Bonds Are Done?
Replies: 67
Views: 6564

Re: Ray Dalio: Is He Saying Bonds Are Done?

I hold fixed income securities for capital preservation. That’s their role in a portfolio. I can neither afford nor psychologically withstand the potential of losing 50% or more in a stock market crash. Bonds are for safety. Yield is just honey on the toast. Yes, but why do you hold bonds for safet...
by AerialWombat
Sat Aug 01, 2020 7:47 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio: Is He Saying Bonds Are Done?
Replies: 67
Views: 6564

Re: Ray Dalio: Is He Saying Bonds Are Done?

Bond yields could be zero for a decade just as easily as equity returns could be zero for a decade. For all the posters saying they won’t hold bonds anymore because yield is going to be zero forever... Well, you don’t know that. Nobody does. if you think yields will go up, why hold bonds now? They ...
by AerialWombat
Sat Aug 01, 2020 4:28 am
Forum: Investing - Theory, News & General
Topic: Disappointed with Fidelity's Online Interface
Replies: 69
Views: 6052

Re: Disappointed with Fidelity's Online Interface

That said, many of us find the regular Fidelity brokerage interface to be very user friendly. I've only used VG and Fidelity, and I would take Fidelity over VG any day of the week. To each their own. 8-) Too funny. I am the polar opposite. As somebody upthread said, “hot garbage” is what I would ca...
by AerialWombat
Sat Aug 01, 2020 3:58 am
Forum: Investing - Theory, News & General
Topic: Ray Dalio: Is He Saying Bonds Are Done?
Replies: 67
Views: 6564

Re: Ray Dalio: Is He Saying Bonds Are Done?

Bond yields could be zero for a decade just as easily as equity returns could be zero for a decade. For all the posters saying they won’t hold bonds anymore because yield is going to be zero forever... Well, you don’t know that. Nobody does. Just as you don’t know if the S&P500 will be up, down, or ...
by AerialWombat
Fri Jul 31, 2020 12:01 pm
Forum: Personal Investments
Topic: more rentals or etfs?
Replies: 26
Views: 1580

Re: more rentals or etfs?

I own multiple rentals across multiple states. Real estate is the core of my retirement plan. However, I aim for a 1:1 ratio between real estate equity and cash/securities. Sage advice. It’s just my version of “I dunno know which will do better, so 50/50 it be.” How do calculate the real estate sid...
by AerialWombat
Fri Jul 31, 2020 11:58 am
Forum: Personal Investments
Topic: Considering switch from Vanguard to eTrade...pros, cons and other input?
Replies: 124
Views: 10842

Re: Considering switch from Vanguard to eTrade...pros, cons and other input?

simplesimon wrote:
Fri Jul 31, 2020 7:40 am
Wow, any idea why they did this?
No idea. :(
by AerialWombat
Thu Jul 30, 2020 11:26 pm
Forum: Personal Investments
Topic: more rentals or etfs?
Replies: 26
Views: 1580

Re: more rentals or etfs?

unclescrooge wrote:
Thu Jul 30, 2020 11:14 pm
AerialWombat wrote:
Thu Jul 30, 2020 8:40 am

I own multiple rentals across multiple states. Real estate is the core of my retirement plan. However, I aim for a 1:1 ratio between real estate equity and cash/securities.
Sage advice.
It’s just my version of “I dunno know which will do better, so 50/50 it be.”
by AerialWombat
Thu Jul 30, 2020 11:19 pm
Forum: Personal Investments
Topic: 28 year old with $1.4 million in cash investing for the first time. My thoughts.
Replies: 65
Views: 7882

Re: 28 year old with $1,4 million in cash investing for the first time. My thoughts.

Have you considered the ultimate in simplicity, such as a 1-fund portfolio? You sound like a good candidate for something such as the LifeStrategy conservative fund, the Vanguard Retirement Income Fund (VTINX), or Wellesley (VWINX). Tax Managed Balanced Fund, perhaps. Here’s what I noticed: You’ve d...
by AerialWombat
Thu Jul 30, 2020 10:03 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing for INVESTMENT property
Replies: 17
Views: 1320

Re: Refinancing for INVESTMENT property

What about the 30yr investment property? Any companies with good fixed rates? I just refid last year to a 7/1 ARM and paid closing costs but now I'm thinking I should lock this in before rates go back up when my Fix period is up in 6 years. I'm going to call around but would be nice to get a 3% dea...
by AerialWombat
Thu Jul 30, 2020 9:55 pm
Forum: Personal Investments
Topic: Secured Income Group - 12M 7.15% Fixed Rate Return
Replies: 9
Views: 2204

Re: Secured Income Group - 12M 7.15% Fixed Rate Return

I wouldn’t touch this with a 20m pole, and I’m the mammal around here that invests in Groundfloor notes!

:beer
by AerialWombat
Thu Jul 30, 2020 9:47 pm
Forum: Personal Finance (Not Investing)
Topic: I was looking at getting the 1% cash back discover card. How many of you use debit cards all the time?
Replies: 79
Views: 3721

Re: I was looking at getting the 1% cash back discover card. How many of you use debit cards all the time?

Thought I would ask others. Easy answer: We *never* use a debit card. Charge/credit cards only. Period. We also have charge/credit cards that have perks. I really have no idea why we'd want to use a debit card, given the extra hassles involved if there is some breach. (I suppose if someone has a se...
by AerialWombat
Thu Jul 30, 2020 9:45 pm
Forum: Personal Investments
Topic: Considering switch from Vanguard to eTrade...pros, cons and other input?
Replies: 124
Views: 10842

Re: Considering switch from Vanguard to eTrade...pros, cons and other input?

I'm currently having an issue with E*Trade's solo 401k where the $19,500 employee contribution limit's been reached, but I cannot add any more beyond that at least through online transfers. Anybody having the same issue and have a workaround? This is a new restriction as of 2020. I did not have thi...
by AerialWombat
Thu Jul 30, 2020 9:35 pm
Forum: Personal Consumer Issues
Topic: Gardening 2020
Replies: 206
Views: 14941

Re: Gardening 2020

kacang wrote:
Sun Jul 26, 2020 3:49 pm
My 2 tomato plants are planted in an earthbox, the water reservoir is topped up once every few days. This is working out well.
Do you like the EarthBox system?
by AerialWombat
Thu Jul 30, 2020 9:25 pm
Forum: Personal Finance (Not Investing)
Topic: I was looking at getting the 1% cash back discover card. How many of you use debit cards all the time?
Replies: 79
Views: 3721

Re: I was looking at getting the 1% cash back discover card. How many of you use debit cards all the time?

I used debit cards regularly back when I was bankrupt. Banks kinda take away your credit cards when you screw them over in chapter 7.

No way I’d ever go back, though. No fraud protection. I don’t even have a debit card on any accounts.
by AerialWombat
Thu Jul 30, 2020 8:40 am
Forum: Personal Investments
Topic: more rentals or etfs?
Replies: 26
Views: 1580

Re: more rentals or etfs?

Though a boglehead at heart, I do invest a disproportionate amount of money into real estate...currently I have around 65k in vanguard and own around 800,000 worth of real estate with around 275,000 equity...I have hustled to make more money flipping real estate and purchasing rentals so I'm at a p...
by AerialWombat
Mon Jul 27, 2020 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4579
Views: 313388

Re: Refinance Mega Thread

Does anyone know who better.com usually sells their loans to and how long it takes them to sell the mortgage after funding it? I closed on a refi with Ally (which is basically Better.com - as the loan documentation listed Better), my loan was sold within a week of funding to Fannie Mae, and servici...
by AerialWombat
Mon Jul 27, 2020 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Way out of financial catastrophe?
Replies: 94
Views: 15651

Re: Way out of financial catastrophe?

Thanks for the post-mortem. I was very curious how this would end up when you first posted.

Congratulations on it being done, and best wishes on a more stable footing (bad joke, couldn't resist). :sharebeer
by AerialWombat
Mon Jul 27, 2020 7:33 pm
Forum: Personal Finance (Not Investing)
Topic: My LenderFi refinance is going well
Replies: 743
Views: 69111

Re: My LenderFi refinance is going well

I've decided to go with another lender, but here is what LenderFI offered to lock me on today just as a data point for the thread:

$252k loan, 80% LTV, 740+ FICO, appraisal required. 2.875%, 20 year term. A+B+C exactly equal to lender credit ($1820), so a true no-cost refi.
by AerialWombat
Mon Jul 27, 2020 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4579
Views: 313388

Re: Refinance Mega Thread

For anybody waiting to hear from LenderFI that used one of the "back door" links posted on this thread to submit an application: It took 6 business days for them to get back to me. I submitted a full application using one of the links posted upthread last week. Over the weekend, I was offered a pack...
by AerialWombat
Mon Jul 27, 2020 3:28 pm
Forum: Investing - Theory, News & General
Topic: Managing sequence of returns risk
Replies: 74
Views: 4430

Re: Managing sequence of returns risk

My plan for this (planned retirement before 45) is to have 3 years worth of expenses in cash, +1,000. KlangFool Only 3 years??? Pshaw! 8-) This is my solution, also, but I've likely taken it to an egregious extreme. I hold about 10 years personal expenses in cash, near-cash, and muni bond funds (wh...
by AerialWombat
Mon Jul 27, 2020 8:01 am
Forum: Investing - Theory, News & General
Topic: Are you adjusting your REIT Allocation?
Replies: 69
Views: 5538

Re: Are you adjusting your REIT Allocation?

My Roth IRA is 100% Fidelity REIT Index. It’s only two years of contributions, so not a huge chunk of my portfolio. On Jan 1, 2021, I will add the full 2021 contribution in the same fund, regardless of NAV.
by AerialWombat
Sun Jul 26, 2020 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: struggling to get a mortgage
Replies: 85
Views: 7306

Re: struggling to get a mortgage

chipperd wrote:
Sun Jul 26, 2020 5:41 pm
This is going nowhere. The first time I've ever wanted a thread locked.
Ditto.

OP, it’s really simple: Know income, know mortgage. No income, no mortgage.

Do what you will, and good luck.
by AerialWombat
Sun Jul 26, 2020 12:02 pm
Forum: Personal Consumer Issues
Topic: Door options for detached workshop
Replies: 4
Views: 291

Re: Door options for detached workshop

If you're in a snowy climate a roll up door is probably better than a swing door or sliding door since it wouldn't require clearing snow and ice to open. It might not go with the "Tiny House" aesthetic though. It rarely snows here. And when it does, it's effectively zero accumulation. A few of the ...
by AerialWombat
Sun Jul 26, 2020 12:00 pm
Forum: Personal Consumer Issues
Topic: Door options for detached workshop
Replies: 4
Views: 291

Re: Door options for detached workshop

rterickson wrote:
Sun Jul 26, 2020 10:48 am
Take a look at some pre-hung double doors at Home Depot or similar.

Easy to frame, looks pretty good, and easily accommodates the occasional large item.
You mean like French doors?
by AerialWombat
Sun Jul 26, 2020 10:45 am
Forum: Personal Investments
Topic: Bonds worth it?
Replies: 137
Views: 8565

Re: Bonds worth it?

All these recent threads questioning cash and bonds is kind of confusing to me. When I first came to BH in 2018, I read much of the Wiki, and read many other threads about asset allocation and portfolio design. Everything said that "bonds are for safety", and that one should critically assess their ...
by AerialWombat
Sun Jul 26, 2020 10:12 am
Forum: Personal Consumer Issues
Topic: Door options for detached workshop
Replies: 4
Views: 291

Door options for detached workshop

My next home improvement project is to upgrade a medium-sized workshop/shed in my side yard. It’s not huge, about the size of a 1-car garage. Due to it’s orientation and presence of several trees, it’s not really accessible from the driveway, so it will never be used for car parking. The building it...
by AerialWombat
Sun Jul 26, 2020 1:41 am
Forum: Personal Finance (Not Investing)
Topic: struggling to get a mortgage
Replies: 85
Views: 7306

Re: struggling to get a mortgage

i want to get in to real estate. i have assets good credit and no debt, but no w2 or 1099. my 2018 tax return was six figures. my 2019 was just 15K from dividends and interest. the banks aren't liking my no employment and inconsistent cash flow. i've looked in to hard money, but the rates from thes...
by AerialWombat
Sat Jul 25, 2020 9:52 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4579
Views: 313388

Re: Refinance Mega Thread

How did you get loan depot to send you the rate sheets? It’s been like pulling teeth to get any updated quotes let alone the full sheet I didn’t even ask, he just started sending them. I think part of it had to do with all the questions I had already been peppering him with, he may have realized it...
by AerialWombat
Sat Jul 25, 2020 7:11 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4579
Views: 313388

Re: Refinance Mega Thread

They sent me ALL the rate sheets — 30, 20, 15, 10. Would you be willing to show the 30 and 20 sheets? Feel free to PM me. I am currently locked with them but REALLY curious to see what these look like! Loan assumptions: 75% LTV, $252k loan, 740 middle FICO (so Tier II pricing, not the Tier I pricin...
by AerialWombat
Sat Jul 25, 2020 7:07 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4579
Views: 313388

Re: Refinance Mega Thread

I have a rental property where I have an offer for 2.625% on a 15 year with $672 of points, 2.75% with a $672 credit, or 30 years at 2.875% with $672 of points. Thoughts? Thanks Take one of the latter two. Whichever aligns better with your financial situation, which likely will be the 30-year. Less...
by AerialWombat
Sat Jul 25, 2020 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4579
Views: 313388

Re: Refinance Mega Thread

They sent me ALL the rate sheets — 30, 20, 15, 10. Would you be willing to show the 30 and 20 sheets? Feel free to PM me. I am currently locked with them but REALLY curious to see what these look like! Loan assumptions: 75% LTV, $252k loan, 740 middle FICO (so Tier II pricing, not the Tier I pricin...
by AerialWombat
Sat Jul 25, 2020 2:31 pm
Forum: Personal Finance (Not Investing)
Topic: struggling to get a mortgage
Replies: 85
Views: 7306

Re: struggling to get a mortgage

Op You need a LLC or LP as a construction company to flip houses and a business plan to show that you can generate income. Once you been established for several years then you can get mortgages, it is that simple. Anything else is a pipe dream. I deal with real estate developers all the time, they ...
by AerialWombat
Sat Jul 25, 2020 2:26 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4579
Views: 313388

Re: Refinance Mega Thread

I apologize if this is a repeat question, however, in the process of shopping around for lowest fees, I am being todl by Quicken that a credit check is mandatory. I am not concerned about my credit as it is 815 and my wife's is higher, but If I am to shop multiple places such as Loandepot etc I do ...
by AerialWombat
Sat Jul 25, 2020 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance Mega Thread
Replies: 4579
Views: 313388

Re: Refinance Mega Thread

I have a rental property where I have an offer for 2.625% on a 15 year with $672 of points, 2.75% with a $672 credit, or 30 years at 2.875% with $672 of points. Thoughts? Thanks Take one of the latter two. Whichever aligns better with your financial situation, which likely will be the 30-year. Less...
by AerialWombat
Sat Jul 25, 2020 12:56 am
Forum: Personal Consumer Issues
Topic: Retirement Relocation - Permaculture - Western and Southern Cities
Replies: 49
Views: 3461

Re: Retirement Relocation - Permaculture - Western and Southern Cities

I will third the PNW suggestion, west of the Cascades. Either OR or WA. There is a very robust permaculture culture up here. On my acre of dirt, I have mature fruit trees, plenty of water, could be close to self-sufficient if I weren’t a lazy slacker. In my specific location, homes with a little bit...