Search found 9 matches

by soloekahi
Wed Apr 10, 2019 11:25 pm
Forum: Personal Finance (Not Investing)
Topic: Help with Mortgage Interest Deduction - Buy/Sell Home
Replies: 9
Views: 1389

Re: Help with Mortgage Interest Deduction - Buy/Sell Home

I'm going to revive this topic. I'm in a similar situation and I can't figure out how to calculate the actual deduction properly. Pub 936 is not clear at all but here are my thoughts. If I only owned a home for half the year and bought a new home the second half of the year with a mortgage greater t...
by soloekahi
Mon Oct 15, 2018 9:42 am
Forum: Personal Finance (Not Investing)
Topic: Buy car cash or take low rate loan
Replies: 33
Views: 2238

Re: Buy car cash or take low rate loan

I could argue either way pay cash or take the loan. I would pay cash...if I had enough...because I'm through with borrowing money. Tacomas are great vehicles; I drove one for almost 20 years. The Taco never had to go back to a dealer for anything except maybe an issue with the towing light harness....
by soloekahi
Sun Oct 14, 2018 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Buy car cash or take low rate loan
Replies: 33
Views: 2238

Re: Buy car cash or take low rate loan

Looking to get a double cab TRD off-road 4x4 with long bed. Can’t seem to find that for anything worth the hassle of buying used. I’ve been burned before with a private sale so unless it’s a screaming deal I shy away. If I could find a good deal on that used truck I would check it out but so far not...
by soloekahi
Sun Oct 14, 2018 7:47 pm
Forum: Personal Finance (Not Investing)
Topic: Buy car cash or take low rate loan
Replies: 33
Views: 2238

Re: Buy car cash or take low rate loan

I wouldn’t worry about cash or finance as much as I would worry about spending 38k on a Tacoma. A Tacoma is probably the best vehicle to buy in terms of holding value. You can’t find a used 2 year old Tacoma for 8k less than original MSRP that doesn’t have a salvage title. To each his own... 38k is...
by soloekahi
Sun Oct 14, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Buy car cash or take low rate loan
Replies: 33
Views: 2238

Re: Buy car cash or take low rate loan

Touché on the purchasing a 38k truck and nickel and diming. My current car is closing in on 20 years old and it’s time for something new. Finding a used (<2 years) Tacoma double cab 4x4 that is a big price difference from a brand new truck is very hard to find. I don’t think I’ve heard of increased ...
by soloekahi
Sun Oct 14, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Buy car cash or take low rate loan
Replies: 33
Views: 2238

Re: Buy car cash or take low rate loan

Thanks all. No issues at all with liquidity. It’s a small hassle but $300 a year is still $300 extra. I live my life by nickel and diming everything so every $1 counts.
by soloekahi
Sun Oct 14, 2018 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Buy car cash or take low rate loan
Replies: 33
Views: 2238

Buy car cash or take low rate loan

Alright. This has been asked many times before and it seems the general consensus is to pay cash but I don’t quite understand why. Here’s my scenario... Buying new Tacoma pickup and cost is around 38k. If I get a 2018 then Toyota is offering 1.9% financing on the loan. I can pay cash but with the 1....
by soloekahi
Tue Jul 10, 2018 9:47 am
Forum: Personal Finance (Not Investing)
Topic: Rent or sell first home
Replies: 5
Views: 664

Re: Rent or sell first home

Thanks all! Great input and insight. A few responses to some of the questions. There should no issue with getting second mortgage while carrying this one. As for if I'd buy this home if I was going to start a rental business today.... I live close to a university and in a decent school district so t...
by soloekahi
Mon Jul 09, 2018 10:25 pm
Forum: Personal Finance (Not Investing)
Topic: Rent or sell first home
Replies: 5
Views: 664

Rent or sell first home

Alright...long time reader but first time poster so take it easy on me. This site is awesome for financial info and advice. I'm trying to decide on which path to take on my first home and whether to sell or rent out. I know others may have more insight as in been there and done that so here it goes....