Search found 434 matches

by astrohip
Mon Sep 17, 2018 7:40 am
Forum: Personal Finance (Not Investing)
Topic: Finding an investment for soon-to-be-received large sum
Replies: 10
Views: 1171

Re: Finding an investment for soon-to-be-received large sum

The problem with sweat equity RE is we're not a single person, but a partnership. Living in four states. No way sweat equity can work. Great idea, wrong application. As far as that Mack truck, that's why I want a passive investment. Should I go, a passive investment can continue without much of a hi...
by astrohip
Sun Sep 16, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Finding an investment for soon-to-be-received large sum
Replies: 10
Views: 1171

Re: Finding an investment for soon-to-be-received large sum

We are not looking to buy a property by ourselves, that would be too close to "active". If we do more real estate, which is certainly a possibility, it would be as a passive investor, part of a larger partnership. What I'm hoping to get from the collective wisdom of the BogleVerse is ideas. Real est...
by astrohip
Sun Sep 16, 2018 6:02 pm
Forum: Personal Finance (Not Investing)
Topic: Finding an investment for soon-to-be-received large sum
Replies: 10
Views: 1171

Re: Finding an investment for soon-to-be-received large sum

... But it does need to be passive; we don't have the ability to manage rentals, or whatnot.... If the investment needs to be passive I'd say that the proceeds need to be divided up and let each "partner" go his/her own way. Letting each partner go their own way also gets you "off the hooK' for the...
by astrohip
Sun Sep 16, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Finding an investment for soon-to-be-received large sum
Replies: 10
Views: 1171

Finding an investment for soon-to-be-received large sum

Need feedback on investment options for a partnership that's about to receive a mid-seven figure payment. Background: This is a family partnership, with several members. We have an asset, that if it sells, will bring in mid-seven figures to the partnership, after taxes. None of the partners have any...
by astrohip
Fri Jul 06, 2018 7:25 pm
Forum: Personal Consumer Issues
Topic: Best Pellet Smoker for the money? Rec Tec?
Replies: 8
Views: 1528

Re: Best Pellet Smoker for the money? Rec Tec?

Bumping an old thread... I'm an avid BBQ/smoker. I started on a Weber Smoky Mountain (still love it), and then bought a stickburner (barrel smoker with firebox attached). Harder to control the temp, but amazing flavor with a smoke ring to die for. I just bought a Camp Chef Pellet Grill last week. O....
by astrohip
Sun May 06, 2018 2:30 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to a Condo -- Educate me on Insurance
Replies: 10
Views: 1213

Re: Moving to a Condo -- Educate me on Insurance

...Also, I've seen the projected first year's budget, they plan for $2MM in revenue, and about 10% of that is estimated to be an additional reserve. If this is a new ("projected first year's budget") condo development then there is a lot you don't know. Are the assessments reasonable given the size...
by astrohip
Sun May 06, 2018 7:43 am
Forum: Personal Finance (Not Investing)
Topic: Moving to a Condo -- Educate me on Insurance
Replies: 10
Views: 1213

Re: Moving to a Condo -- Educate me on Insurance

not insurance but take a look at the condo reserves. I have seen some HOA dues very low at the start so buyers aren't put off. The developer controls the HOA at the beginning for a period of time. Condo boards can be susceptible to owners wanting low annual fees. Which of course brings the risk of ...
by astrohip
Sat May 05, 2018 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to a Condo -- Educate me on Insurance
Replies: 10
Views: 1213

Re: Moving to a Condo -- Educate me on Insurance

Presuming you'll still be in Texas (as indicated on your profile) it might be helpful to play around on this webpage. It identifies what risks/losses the various kinds of condo insurance cover http://www.opic.texas.gov/residential-property/compare-policy-coverages/condo-comparison Interesting. Alre...
by astrohip
Sat May 05, 2018 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to a Condo -- Educate me on Insurance
Replies: 10
Views: 1213

Moving to a Condo -- Educate me on Insurance

After living my entire life in a SFH, we are moving to a condo soon. How does homeowner's insurance work? Is it typically more or less than the equivalent SFH insurance?

What do I need to be aware of, as a first time condo owner?

Thanks in advance!
by astrohip
Thu May 03, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Transfer stocks & funds from Fidelity to Vanguard?
Replies: 3
Views: 481

Transfer stocks & funds from Fidelity to Vanguard?

I have a VG account, happy with it. Consolidated all my investments (of this type) to VG years ago, to simplify things, and make it easier on my wife one day. I was recently required to open a Fidelity account to receive some stocks & funds being transferred to me. It was a non-taxable transfer of h...
by astrohip
Sun Feb 04, 2018 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken Premier 5-year subscription $0 (free) on quicken website
Replies: 161
Views: 13601

Re: Quicken Premier 5-year subscription $0 (free) on quicken website

I was too late to the party but who needs it? I'm perfectly happy with my Quicken 2000 CD that I received free from Citibank in 2000. I've used it on half a dozen computers or more. My Quicken is $0 cost every year. Just to be clear, while you can use an older Quicken forever (my sister is using 20...
by astrohip
Sun Jan 07, 2018 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 516
Views: 77712

Re: Quicken's future direction - a cause for concern

I took a break from Quicken in 2017 after 22 years of use. I updated my records once in Feb and again in July otherwise ignored it other than updating some cost basis information. Decided a few weeks ago I needed to invest time in data cleansing or stop all together. Decided to do the data cleansin...
by astrohip
Sat Dec 09, 2017 3:51 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken's future direction - a cause for concern
Replies: 516
Views: 77712

Re: Quicken's future direction - a cause for concern

IIRC what private equity ownership means, is milk and cut the business, for short term gain, then if the slim company can't survive at least they got theirs, goodbye Quicken seems to me, I imagine subscriptions and online could have worked , meanwhile Intuit has a corner of what software still mean...
by astrohip
Thu Nov 16, 2017 12:13 am
Forum: Personal Finance (Not Investing)
Topic: Handling Reinv Divs from Separate Property Stock
Replies: 2
Views: 409

Re: Handling Reinv Divs from Separate Property Stock

I'm no expert... but according to the interwebs it seems to vary by state. Looks like you're in Texas.....I just did a brief googleing and found this: http://www.ondafamilylaw.com/property-division/assets/stocks/ IMHO.... I would think it would be better to keep it as simple as you can and not have...
by astrohip
Tue Nov 14, 2017 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: Handling Reinv Divs from Separate Property Stock
Replies: 2
Views: 409

Handling Reinv Divs from Separate Property Stock

Situation: Married person in a community property state gets a gift* of mutual fund shares from a grandfather. Person sets up a Vanguard account called "Married Person Special Account", to hold the shares, and to make it easy for the transfer to be made (VG to VG account). It will be separate proper...
by astrohip
Sun Aug 20, 2017 7:00 pm
Forum: Personal Finance (Not Investing)
Topic: Adding a 2nd Mortgage vs Combining into one new note
Replies: 7
Views: 832

Re: Adding a 2nd Mortgage vs Combining into one new note

Different issue. If it is 2 notes he can pay off/back the smaller note at higher int separate from the first and improve cash flow at some point but if it is 2 notes unless you allow for recast that isnt possible plus he is permanently paying a higher rate on the first 100k then if he paid off the ...
by astrohip
Sun Aug 20, 2017 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Adding a 2nd Mortgage vs Combining into one new note
Replies: 7
Views: 832

Re: Adding a 2nd Mortgage vs Combining into one new note

Thanks, good info. I was thinking "convenience" factor, but you've given me some other solid reasons to do it.
by astrohip
Sun Aug 20, 2017 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Adding a 2nd Mortgage vs Combining into one new note
Replies: 7
Views: 832

Adding a 2nd Mortgage vs Combining into one new note

I hold an owner finance mortgage, let's call it $100,000 at 4.5% 30 yrs, note is approx $507. Owner wants to take out some cash, $20,000 at 6.5% 30 yrs, 2nd note would be approx $126. Combined payment is $633. Is there any difference between keeping it as two separate notes, or doing a complete refi...
by astrohip
Fri Apr 14, 2017 10:10 pm
Forum: Personal Consumer Issues
Topic: Hearing aids: has anyone used a CROS hearing aid?
Replies: 18
Views: 2680

Re: Hearing aids: has anyone used a CROS hearing aid?

the near-absence of sound at, say, 5,000 Hz can be a usable cue that the source is above you. Interesting info. The advances in all hearing-assisted devices is amazing. One concern: For most of us with late-deafened loss, there is *nothing* left above 5,000. The dropoff at 1K is like a cliff. I'd b...
by astrohip
Fri Apr 14, 2017 8:33 pm
Forum: Personal Consumer Issues
Topic: Hearing aids: has anyone used a CROS hearing aid?
Replies: 18
Views: 2680

Re: Hearing aids: has anyone used a CROS hearing aid?

If you in fact have moderate to severe or greater hearing loss in the one ear, I would investigate cochlear implants. I will second this, as I have a CI. I am a late-deafened adult, now 61, started losing my hearing in my 40s. I got a Cochlear Implant about 7-8 years ago. Was the best decision I ev...
by astrohip
Fri Apr 14, 2017 8:34 am
Forum: Personal Consumer Issues
Topic: Hearing aids: has anyone used a CROS hearing aid?
Replies: 18
Views: 2680

Re: Hearing aids: has anyone used a CROS hearing aid?

If you in fact have moderate to severe or greater hearing loss in the one ear, I would investigate cochlear implants. I will second this, as I have a CI. I am a late-deafened adult, now 61, started losing my hearing in my 40s. I got a Cochlear Implant about 7-8 years ago. Was the best decision I ev...
by astrohip
Fri Oct 07, 2016 9:10 pm
Forum: Personal Consumer Issues
Topic: Laptop ideas
Replies: 41
Views: 4121

Re: Laptop ideas

I've been a Lenovo fan for years, they make a rock-solid, long lasting tank of a laptop. BUT... If you do get a Lenovo, make sure you get one of the business-class ones (Thinkpads). Lenovo has been caught three times in the past year or so intentionally preinstalling things I would consider malware ...
by astrohip
Fri Sep 16, 2016 3:36 pm
Forum: Personal Finance (Not Investing)
Topic: mortgage with ag exemption
Replies: 13
Views: 3742

Re: mortgage with ag exemption

Go to the tax appraisal district web site and click on forms and look for Form 50-129 which is the form you complete to file for Ag Exempt. About the third paragraph down you will find: On or after Jan. 1, 2008, an individual is not entitled to have land designated for agricultural use if the land ...
by astrohip
Fri Sep 16, 2016 8:17 am
Forum: Personal Finance (Not Investing)
Topic: mortgage with ag exemption
Replies: 13
Views: 3742

Re: mortgage with ag exemption

I am going through the same Ag Exempt issue. The problem is you cannot take equity out of property that is Ag Exempt in Texas. (TX50a6). I have looked & googled all over the place, and can't find anything tying TX50a6 to an ag exemption. There are homestead clauses, but nothing specific to an ag ex...
by astrohip
Fri Aug 19, 2016 11:05 am
Forum: Personal Finance (Not Investing)
Topic: Which financial program to get? Quickbooks vs YNAB vs others
Replies: 52
Views: 8297

Re: Which financial program to get? Quickbooks vs YNAB vs others

Next may be setting up bill pay out of the checking account. As an aside, while I am a heavy Quicken user, I do not use their Bill Pay feature. I have -zero- desire to give them my bank account info. Of the four other family members that use Q, only one uses Q BillPay. I do let Q d/l credit card tr...
by astrohip
Tue Aug 02, 2016 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 4201

Re: Gifting partnerships to kids; do they need a pre-nup?

OP and others, referring to this as 'pre-nuptual' or 'post-nuptual' agreements is coloring the discussion with negative connotations. pre-nups are a lightning rod for strong feelings on this forum and in any relationship. and for good reason. i suggest that when OP discusses these matters with the ...
by astrohip
Mon Aug 01, 2016 4:10 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 4201

Re: Gifting partnerships to kids; do they need a pre-nup?

I have seen estates being settled among multiple heirs who disagreed on the disposition of ONE house. It was not pretty. Some heirs felt they should be able to buy it for half price from the other co-owners. Some thought that they should all continue to co-own the beach property as they regarded it...
by astrohip
Mon Aug 01, 2016 2:20 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 4201

Re: Gifting partnerships to kids; do they need a pre-nup?

Again, great feedback. I've come to understand the hard feelings or resentment that may well be generated by certain requests (post-nup in particular), and will make sure to avoid those land mines. It's been enlightening listening to all of you. This entire strategy was designed to help us from an e...
by astrohip
Mon Aug 01, 2016 10:40 am
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 4201

Re: Gifting partnerships to kids; do they need a pre-nup?

You seem to have thought this all out, but I think you're making a rather drastic mistake assuming age has anything to do with maturity level and/or ability to manage a partnership. Obviously you are wanting to use this as a learning experience, but if you keel over tomorrow, do they all automatica...
by astrohip
Mon Aug 01, 2016 9:34 am
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 4201

Re: Gifting partnerships to kids; do they need a pre-nup?

Runner01 wrote:Are your kids okay with this? I know I wouldn't be, however I have the benefit of not being very materialistic so I can put personal values above money.
Are they ok with what, specifically?
by astrohip
Mon Aug 01, 2016 8:15 am
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 4201

Re: Gifting partnerships to kids; do they need a pre-nup?

astro, It is not clear to me if you are trying to gift the income from the partnerships or partnership shares. Your posts seem to say it both ways. Regardless, I see many potential problems: I thought I had made it very clear above. We are gifting them the partnerships. They will own it, and they w...
by astrohip
Sun Jul 31, 2016 8:45 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 4201

Re: Gifting partnerships to kids; do they need a pre-nup?

Thanks again, to all. Very interesting responses. Y'all have convinced me to take a serious look at trusts. I can see how my cold, hard, logical (hello Mr. Spock) POV may not be representative of all parties. :shock: And I get along *very* well with all spouses. I really do. None of this is a reflec...
by astrohip
Sun Jul 31, 2016 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 4201

Re: Gifting partnerships to kids; do they need a pre-nup?

fpr4 wrote:So you don't believe in the institution of marriage?
I must have missed something. How did this come out of my response?
by astrohip
Sun Jul 31, 2016 5:59 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 4201

Re: Gifting partnerships to kids; do they need a pre-nup?

My intent is not to lock in our kids forever, just at the beginning. For example, the buy-sell says if 60% of shareholders want to do something, they can. So if the majority of our kids want to sell it, or change the rules, they can. And in reality, I would expect them to change things as they get o...
by astrohip
Sun Jul 31, 2016 2:00 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 4201

Re: Gifting partnerships to kids; do they need a pre-nup?

What about a deliberate effort by John to turn the assets into community property? How much control are you really willing to give up? How upset would you be if John decides that that's the way he wants to honor his marriage vows? I'm not saying John should do that, but he could, so it's something ...
by astrohip
Sat Jul 30, 2016 8:34 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 4201

Re: Gifting partnerships to kids; do they need a pre-nup?

Thanks, appreciate the advice (and well said). I need to cogitate on this a while.
by astrohip
Sat Jul 30, 2016 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 4201

Re: Gifting partnerships to kids; do they need a pre-nup?

Thanks for the honest and open reply. I consider myself fairly level-headed, but would resent being asked to sign this. Maybe I would do it, but wouldn't forget it and it might color future relationships with in-laws and others. I'm wondering if you would expand upon this. And I ask this with all se...
by astrohip
Sat Jul 30, 2016 6:11 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 4201

Re: Gifting partnerships to kids; do they need a pre-nup?

DFAMAN: Thanks, interesting article, albeit challenging for a layman like me too read. I don't have any issues with 100% of all distributions being comm prop, even returned capital. I just don't want there to be a chance that the core assets could be community prop. So what's your plan if one of the...
by astrohip
Sat Jul 30, 2016 12:10 pm
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 4201

Re: Gifting partnerships to kids; do they need a pre-nup?

Thanks for the replies. Some thoughts: * Do not want to gift cash. The real estate creates cash flow. Plus as Spencer points out, the valuation discount is substantial. We have both a limited partner discount, and a non-partition real estate discount, giving us close to 60% discount to gift value. I...
by astrohip
Sat Jul 30, 2016 11:59 am
Forum: Personal Finance (Not Investing)
Topic: What does a real estate oil bust look like
Replies: 18
Views: 2903

Re: What does a real estate oil bust look like

Tell that to my 47 year old Uber driver who got stung in Katy real estate. He's doing Uber to pay bills. You wouldn't happen to be in real estate would you ? burt I'm not sure what "got stung in Katy real estate" means. If he owned a house, it's unlikely he got "stung". If he was flipping & fixing,...
by astrohip
Sat Jul 30, 2016 8:32 am
Forum: Personal Finance (Not Investing)
Topic: Gifting partnerships to kids; do they need a pre-nup?
Replies: 46
Views: 4201

Gifting partnerships to kids; do they need a pre-nup?

Gifting partnerships to kids; do they need a pre-nup? We (me & siblings) have some family partnerships that own real estate and more, and are getting ready to gift most of our ownership to our kids. Some married, some not, but they live in CA, NY, GA, TX. While it's clearly separate property at thi...
by astrohip
Sat Jul 30, 2016 8:24 am
Forum: Personal Finance (Not Investing)
Topic: What does a real estate oil bust look like
Replies: 18
Views: 2903

Re: What does a real estate oil bust look like

If you want to know what an oil bust (bubble) looks like take a look at Zillow in Katy Texas. Absolutely remarkable. 1000 homes for sale or rent. Equally remarkable is a news black out of the real estate bust. So sorry for the families affected by this. There is no bust in Katy. You should do some ...
by astrohip
Fri Jul 22, 2016 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: How many folks choose to give inheritance to their children in unequal portions?
Replies: 193
Views: 21615

Re: How many folks choose to give inheritance to their children in unequal portions?

Equal, or you will (most likely) create resentment like you can't believe. My wife's mother had three children. My wife and her never got along, although my wife tried her best (her mother was a difficult person, and that's putting it kindly). The other two kids mainly ignored her. Her brother was a...
by astrohip
Sat Jul 09, 2016 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Quicken
Replies: 33
Views: 3261

Re: Quicken

People often talk about how they left Quicken and started using Excel, or Mint, or some online variant, or whatever. I think it's important to look at what YOU use Quicken for. If you need a checkbook register, Quicken 98 will work fine. Forever. As will Excel 98, or any spreadsheet, new or old. Jus...
by astrohip
Fri Jul 08, 2016 11:14 pm
Forum: Personal Consumer Issues
Topic: Internet where there is no (good) internet
Replies: 16
Views: 2088

Re: Internet where there is no (good) internet

Antenna on the roof, feeds the router, and the entire house gets wi-fi. Also, this is not necessarily the case. And even if you are in a supposedly "covered" area, you may not get enough signal inside the house, depending on the building materials. That's why the antenna is on the roof. It is a muc...
by astrohip
Fri Jul 08, 2016 9:08 pm
Forum: Personal Consumer Issues
Topic: Considering Big move to Texas Hill Country (Round Rock/Georgetown area)
Replies: 55
Views: 5043

Re: Considering Big move to Texas Hill Country (Round Rock/Georgetown area)

livesoft wrote:Quick trick question: Texas has the 4th largest city in the US. :) Texas is an extremely diverse state.
It gets better. Three of the ten largest cities are in Texas.
by astrohip
Fri Jul 08, 2016 8:57 pm
Forum: Personal Consumer Issues
Topic: Internet where there is no (good) internet
Replies: 16
Views: 2088

Re: Internet where there is no (good) internet

Been there, doing that. :P I live outside of Brenham TX, with no broadband Internet. Here's what I've been thru: 1) First was Hughes satellite Internet. Please, for the love of everything, do NOT use this service. It's slow, it's buggy, it's laggy, and their cust svc is below zero. Oh, and it costs ...
by astrohip
Fri Jul 08, 2016 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Quicken
Replies: 33
Views: 3261

Re: Quicken

Quicken user since 1993. I cannot find anything that compares to it in the marketplace. Currently using 2016 Deluxe. I have no complaints. :happy Pretty much my case. Quicken works well for what I need. I upgrade every three years, as do most of us. I just upgraded this past April to Q2016, so I'm ...
by astrohip
Tue Jun 28, 2016 5:08 pm
Forum: Personal Consumer Issues
Topic: DirecTV/AT&T Merger - The Kiss of Death of a Once Good Company
Replies: 34
Views: 5027

Re: DirecTV/AT&T Merger - The Kiss of Death of a Once Good Company

Cable & Dish are going away. Once you start streaming you'll wonder why you ever paid so much for them! Once you start streaming, you'll really miss that DVR. Streaming has its place, but nothing beats watching on a DVR (eg, TiVo or Genie), where you can FF/REW/etc with ease. To stick to the thread...