Search found 1188 matches

by DVMResident
Fri Apr 13, 2018 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: Could you support family on 1 income?
Replies: 88
Views: 5536

Re: Could you support family on 1 income?

Now, if we had stayed in our old house that we bought back in 2011 in a non-desirable area due to crime (mainly county issue not so much neighborhood), and terrible school system I still don't think we could. Mortgage at the time was a 15 yr ... Our expenses now are total of $4,400 with a more expe...
by DVMResident
Fri Apr 13, 2018 5:05 pm
Forum: Personal Finance (Not Investing)
Topic: Megacorp with shifting management: coast or move on?
Replies: 2
Views: 604

Megacorp with shifting management: coast or move on?

I am young (mid-30’s) in my career and could use outside perspectives. Background : There are serious changes in my management. I was hired into an R&D role ~4 years back into IMO a bad design with questionable productivity and value-add, but unique and without firm bench marks. Management really di...
by DVMResident
Mon Apr 09, 2018 12:02 am
Forum: Personal Finance (Not Investing)
Topic: Hold or sell rental property? Better for taxes to sell during retirement?
Replies: 10
Views: 767

Re: Hold or sell rental property? Better for taxes to sell during retirement?

Like other posters have said, the deferred/pending maintenance couple with a low-income area makes the downside worse than the upside. There will very likely be some tax benefit to delaying the sale. The recapture tax will be what it is, but the LTCG portion will benefit in a zero income year. There...
by DVMResident
Fri Apr 06, 2018 11:15 pm
Forum: Personal Finance (Not Investing)
Topic: Any advice for 1st time landlord
Replies: 42
Views: 3226

Re: Any advice for 1st time landlord

My go-to investing resource for RE is " What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures " Frank Gallinelli. This book will help you draw your own conclusions about renting:selling. My go-to legal and tax resources is NOLO: Every Landlord's Tax Ded...
by DVMResident
Sun Apr 01, 2018 8:02 pm
Forum: Investing - Theory, News & General
Topic: The "American companies I invest in already have international exposure" argument --- valid or not?
Replies: 139
Views: 10025

Re: The "American companies I invest in already have international exposure" argument --- valid or not?

The one angle I find hard to model/answer with math are rare but massive risks. There are a number of conditions (e.g. hot wars, cold wars, trade wars, meteors, etc plus risks yet to be recognized) that may reduce American company competitiveness in other parts of the world. I consider international...
by DVMResident
Fri Mar 30, 2018 10:38 am
Forum: Personal Finance (Not Investing)
Topic: How Do You Value Your Home for Net Worth Purposes?
Replies: 150
Views: 8972

Re: How Do You Value Your Home for Net Worth Purposes?

Cash-on-sale should be included in NW calculations.
by DVMResident
Thu Mar 29, 2018 12:34 pm
Forum: Investing - Help with Personal Investments
Topic: Fidelity 4-in-one
Replies: 9
Views: 1172

Re: Fidelity 4-in-one

Yes now that you mention it, it is interesting. I like Vanguard LifeStrategy Moderate which has the international bond component, and roughly approximates the total stock+bond market. That would be the fund I would compare to as far as performance. FFNOX moves almost lock-in-step with Vanguard Life...
by DVMResident
Wed Mar 28, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: Los Angeles Condo Purchase Advice
Replies: 53
Views: 3574

Re: Los Angeles Condo Purchase Advice

IMO with kids in the plan in a couple years, a West Hollywood condo is not the way to go. I'd just enjoy your youth renting in a cool place and not bother with a purchase. Priorities will change. If you had a huge itch to buy and depending on your commute, I'd be looking at Culver, West Wood (east)/...
by DVMResident
Sat Mar 24, 2018 10:41 pm
Forum: Personal Consumer Issues
Topic: Big time home inspection issues
Replies: 44
Views: 5022

Re: Big time home inspection issues

Everyone getting that inspection results should have second thoughts. #1, #2, #3, #6, #7, +/- #5 +/- #8 sound like gut and rehab. Get estimates and see what the seller is willing to do. You are in a really strong negotiation position now. Buyers willing to deal with these issues will be few and far ...
by DVMResident
Fri Mar 23, 2018 6:34 pm
Forum: Investing - Theory, News & General
Topic: Mega backdoor roth or invest in real estate
Replies: 4
Views: 598

Re: Mega backdoor roth or invest in real estate

Here's my 2 cents: As a landlord, I want to be compensated for the additional risk and work. My personal threshold is 3x RE ROI on cash (cash-flow + equity build + 2% appreciation) over forward looking returns of AA to purchase and 2x to keep an already owned RE. Taxes included. Recalculated at ever...
by DVMResident
Mon Mar 19, 2018 1:53 pm
Forum: Personal Consumer Issues
Topic: 2018 Honda Accord LX ... is this a good deal?
Replies: 44
Views: 3510

Re: 2018 Honda Accord LX ... is this a good deal?

The 2018 Accord Hybrid starts selling this Friday. Maybe playing a role in the pricing. Following up on official fuel economy numbers, Honda has announced when the 2018 Honda Accord Hybrid midsize sedan goes on sale, and how much it will cost. It goes on sale on March 23, and it could cost you far l...
by DVMResident
Fri Mar 16, 2018 9:51 am
Forum: Investing - Help with Personal Investments
Topic: what to do with 1 million in hand..
Replies: 23
Views: 3619

Re: what to do with 1 million in hand..

Simple approach: taxable accounts like gotester2000 suggested. That statement below makes me thinks a Betterment 'set & forget' is a good option for you. VGT- VANGUARD INFORMATION. // Im in IT field, so I bought this one, since March 2017, making good money, VHT- VANGUARD HEALTH CARE ETF. // wife is...
by DVMResident
Sat Mar 10, 2018 8:39 pm
Forum: Personal Finance (Not Investing)
Topic: 3/3 ARM vs 5/5 ARM Decision Analysis
Replies: 15
Views: 1274

Re: 3/3 ARM vs 5/5 ARM Decision Analysis

Love the calculating the range of possibilities.

What are you doing with savings?
Going to principle? Investing (taxable, tax advantaged accounts)?
by DVMResident
Fri Mar 09, 2018 1:09 am
Forum: Personal Finance (Not Investing)
Topic: MD-Phd (Harvard) vs MSTP (School X)
Replies: 44
Views: 3678

Re: MD-Phd (Harvard) vs MSTP (School X)

Regarding length of time in program, I negotiated with my PhD advisor to limit PhD to 4 years. Straight PhD can take from 3-7 years. With med school and residency in the works a PhD > 4 years shouldn't be an option. All the more reason to make this choice based on PhD mentor. He can do his postdoc ...
by DVMResident
Fri Mar 09, 2018 12:56 am
Forum: Personal Finance (Not Investing)
Topic: MD-Phd (Harvard) vs MSTP (School X)
Replies: 44
Views: 3678

Re: MD-Phd (Harvard) vs MSTP (School X)

I would advise your child to pick the school with a mentor that suits him for the MD PhD program since research is his interest. Harvard or whatever, don't get sucked in by the reputation, his job prospects will ultimately depend on his papers in the PhD portion of his training, not where his mento...
by DVMResident
Tue Mar 06, 2018 12:39 pm
Forum: Personal Consumer Issues
Topic: 30 year fixed vs 7 year ARM
Replies: 37
Views: 2656

Re: 30 year fixed vs 7 year ARM

If you can afford the payment on a 15 year, that might be a way to split the difference on the rates and have less risk. I know the others are locked so maybe that isn't an option. You can target to payoff an ARM in 15 years (although the monthly payment/recast will adjusted back to 30 years schedu...
by DVMResident
Tue Mar 06, 2018 11:55 am
Forum: Personal Consumer Issues
Topic: 30 year fixed vs 7 year ARM
Replies: 37
Views: 2656

Re: 30 year fixed vs 7 year ARM

If you can afford the payment on a 15 year, that might be a way to split the difference on the rates and have less risk. I know the others are locked so maybe that isn't an option. You can target to payoff an ARM in 15 years (although the monthly payment/recast will adjusted back to 30 years schedu...
by DVMResident
Tue Mar 06, 2018 10:38 am
Forum: Personal Consumer Issues
Topic: 30 year fixed vs 7 year ARM
Replies: 37
Views: 2656

Re: 30 year fixed vs 7 year ARM

Thank you all for all the responses. I gathered a few more details, and read a little more about the ARMs so I truly understand them. A bit more about our situation: we do and will continue to max out all our tax advantaged accounts (401k, HSA, 529 if/when we have kids) and we save extra in a taxab...
by DVMResident
Mon Mar 05, 2018 12:06 pm
Forum: Personal Consumer Issues
Topic: 30 year fixed vs 7 year ARM
Replies: 37
Views: 2656

Re: 30 year fixed vs 7 year ARM

Would the potential increase really be a hardship? How long do you plan to stay there? I lean towards the 7 ARM and putting the extra $384/month (or more) towards the principle. Most people should do this as the average person only live in their SFH for 9 years and are not well served by 30 years lo...
by DVMResident
Thu Feb 22, 2018 7:14 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 82
Views: 8953

Re: Do you rent even if you can afford to buy?

It's apples to oranges. Homeowner expenses include repairs and maintenance. Not so renting. Examples: replacing our roof cost $8,000, pest control is about $800 per year. You'll have to pay to replace the dead refrigerator, broken dishwasher, and malfunctioning air conditioner. Crack open the walle...
by DVMResident
Thu Feb 22, 2018 1:50 pm
Forum: Personal Finance (Not Investing)
Topic: Do you rent even if you can afford to buy?
Replies: 82
Views: 8953

Re: Do you rent even if you can afford to buy?

We do. The main reason is it's cheaper in our VHCOLA (0.24%/mo rent to market price). A 1%/mo rent to market price makes a very clear 'buy' signal. 0.5~1%/mo is a grey area. OP, I'd be a little careful with the buy vs rent calculators outputs. There are couple assumptions which you can't know in adv...
by DVMResident
Wed Feb 21, 2018 11:33 pm
Forum: Investing - Help with Personal Investments
Topic: Owe IRS $33K, need help with tax planning for 2018
Replies: 24
Views: 4023

Re: OWE IRS $33K, NEED HELP WITH TAX PLANNING FOR 2018

Wow, 2 kids with one on the way, full time work plus side gigs, and a rental. Couple rambling thoughts: -HSA -Rental: too late for your current rental, but I'd seriously consider a mortgage for the future units. To buy cash, you have to use expensive after-tax dollars and the interest is fully deduc...
by DVMResident
Wed Feb 21, 2018 6:42 pm
Forum: Personal Finance (Not Investing)
Topic: Interested on opinions on paying off low-rate ARM
Replies: 23
Views: 948

Re: Interested on opinions on paying off low-rate ARM

It helps me because it derisks my life circumstances... If I don't pay it and instead invest the proceeds, there is an outcome where I say lose 50% in equities, see my income cut dramatically, and now have to service a mortgage note at over double the yearly interest. I disagree. Liquidity reduces ...
by DVMResident
Wed Feb 21, 2018 12:16 am
Forum: Investing - Help with Personal Investments
Topic: Priority of Investments in California?
Replies: 5
Views: 686

Re: Priority of Investments in California?

There is no 25% bracket for 2018. Recommend rechecking brackets with the higher deductions and wider brands to see if you slipped into the 12%. May change priorities a bit.
by DVMResident
Tue Feb 20, 2018 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: condo rental and emotional support animals issues
Replies: 24
Views: 3158

Re: condo rental and emotional support animals issues

Be prepared for people to say the animal is an ESA when it's simply a pet they didn't want to pay extra for. And be prepared for animals other than cats and dogs - apparently things like snakes, turkeys, chickens and hamsters provide emotional support. Also, I'm not sure that ESAs fall under the AD...
by DVMResident
Sat Feb 17, 2018 5:55 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity Check on Primary/Rental Purchase: killing cash-flow
Replies: 24
Views: 1710

Re: Sanity Check on Primary/Rental Purchase: killing cash-flow

I've slept on it and run multiple simulations. I'm really not comfortable with our budget that being that tight without hefty reserves. I've decided to low-ball an offer of $1.1m. If accepted, our (near) cash-reserves will be mid-5 digits (realtor fee is 1%...might be able to recapture some of that ...
by DVMResident
Sat Feb 17, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Sanity Check on Primary/Rental Purchase: killing cash-flow
Replies: 24
Views: 1710

Re: Sanity Check on Primary/Rental Purchase: killing cash-flow

In my opinion this property would not qualify for a rental investment. The monthly rent to purchase price does not pencil out. If the numbers don't work when you buy it, they will never work. It's not an investment. Or, it is to the extent residential homes can be an investment. Whatever side of th...
by DVMResident
Sat Feb 17, 2018 10:51 am
Forum: Personal Finance (Not Investing)
Topic: Sanity Check on Primary/Rental Purchase: killing cash-flow
Replies: 24
Views: 1710

Re: Sanity Check on Primary/Rental Purchase: killing cash-flow

@ riverguy, FBN2014, and Bwlonge: You're both right. This is not a investment property. Investment properties in coastal CA is basically non-existent. It's a mechanism by which to lock in my housing costs in a VHCOLA. There are a couple questions in these posts: Appraisal: nope, haven't gotten there...
by DVMResident
Sat Feb 17, 2018 1:01 am
Forum: Personal Finance (Not Investing)
Topic: Rent or Sell - DC Version
Replies: 15
Views: 1161

Re: Rent or Sell - DC Version

Iorek wrote:
Sat Feb 17, 2018 12:47 am
DVMResident wrote:
Fri Feb 16, 2018 12:27 pm


True, but you just have to live there for 2 of the last 5 years. You can rent for two years, list in spring/summer 2020, and then sell.
Because of DC laws I would be cautious about this approach.
Which DC law(s)?
by DVMResident
Sat Feb 17, 2018 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Sanity Check on Primary/Rental Purchase: killing cash-flow
Replies: 24
Views: 1710

Re: Sanity Check on Primary/Rental Purchase: Killing cash-flow

Great thoughts and questions. Given that you like the location and school district and seem like someone who will do their homework I would offer a few comments. Sounds like you have used a spreadsheet or some form to calculate this idea. I would encourage you to either buy a RE investor app or adju...
by DVMResident
Sat Feb 17, 2018 12:03 am
Forum: Personal Finance (Not Investing)
Topic: Sanity Check on Primary/Rental Purchase: killing cash-flow
Replies: 24
Views: 1710

Sanity Check on Primary/Rental Purchase: killing cash-flow

Stats Age: 35/38 + small kid Income: house hold income ~$200k/yr, split with me $135k + Bonus (bonus targeted at $22k, fairly predictable) and spouse at $47k/yr Debt: $33k car loan @0%, 4.5 years left All accessible funds--including ER: $274k + $15k incoming bonus net of taxes Retirement accounts: ...
by DVMResident
Fri Feb 16, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Rent or Sell - DC Version
Replies: 15
Views: 1161

Re: Rent or Sell - DC Version

What are the associated costs (taxes, HOA, etc.)? Do you have other good uses for the cash, i.e. paying debt down or filling up tax advantaged account? How many other units are rented in building/complex? If close to 25%, I would sell now. The rent:market price and ROI on equity are okay. Not the be...
by DVMResident
Thu Feb 15, 2018 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Did you learn anything from the market correction?
Replies: 160
Views: 11784

Re: Did you learn anything from the market correction?

Reflecting on this last correction, I really enjoying my balanced funds. Work and family life was busy during the correction. Still is. I don't have the mental band width to watch re-balancing bands. Automating the process is really nice during corrections. :sharebeer
by DVMResident
Wed Feb 14, 2018 11:34 pm
Forum: Investing - Theory, News & General
Topic: Can someone help me explain to my wife...?
Replies: 81
Views: 9928

Re: Can someone help me explain to my wife...?

Show this and ask her to promise you won't miss the best days:

Image
by DVMResident
Tue Feb 13, 2018 11:46 pm
Forum: Investing - Help with Personal Investments
Topic: Buy or Rent under new Tax Law
Replies: 20
Views: 1856

Re: Buy or Rent under new Tax Law

Assuming 20% down with a 30 year 4.5% fixed on a $800k house, your PI $3,242/mo plus tax $1,416/mo (assuming my googling if NJ taxes in correct) plus insurance, maintenance, utilities, and the opportunity cost of the down payment. Only <$1,000/mo in principle reduction for the first 5 years (at ~92...
by DVMResident
Tue Feb 13, 2018 11:42 pm
Forum: Personal Consumer Issues
Topic: FLIR Thermal Imaging Camera
Replies: 14
Views: 1455

Re: FLIR Thermal Imaging Camera

The IR camera is going to work by showing you a temperature differential where it is wet. You could try first to use an IR thermometer and see if that gets the job done (just scan the suspected area). Why is something that is wet colder than something right next to it that is dry? Maybe if it just ...
by DVMResident
Tue Feb 13, 2018 11:30 pm
Forum: Personal Consumer Issues
Topic: FLIR Thermal Imaging Camera
Replies: 14
Views: 1455

Re: FLIR Thermal Imaging Camera

Renting a camera is the way to go if you have a one-off application.

The C2 and FLIR ONE have similar resolution/specs. The C2 have a longer battery life (though still not that great), but the FLIR ONE is half the cost.
by DVMResident
Mon Feb 12, 2018 11:40 pm
Forum: Investing - Help with Personal Investments
Topic: Buy or Rent under new Tax Law
Replies: 20
Views: 1856

Re: Buy or Rent under new Tax Law

Assuming 20% down with a 30 year 4.5% fixed on a $800k house, your PI $3,242/mo plus tax $1,416/mo (assuming my googling if NJ taxes in correct) plus insurance, maintenance, utilities, and the opportunity cost of the down payment. Only <$1,000/mo in principle reduction for the first 5 years (at ~92%...
by DVMResident
Mon Feb 12, 2018 11:00 pm
Forum: Investing - Help with Personal Investments
Topic: Buy or Rent under new Tax Law
Replies: 20
Views: 1856

Re: Buy or Rent under new Tax Law

How much is your rent?
How long do you plan to stay in the area? Related, is your job stable?
by DVMResident
Sun Feb 11, 2018 12:32 am
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 9000

Re: Tenants want to break lease early and is pregnant

I don't think some people posting on this thread have had much experience dealing with tenants. I have owned rental property for over 50 years. In my experience, a lease is more beneficial to the tenant than the landlord. With a lease, the tenant locks in the rent rate for the term of the lease. If...
by DVMResident
Sun Feb 11, 2018 12:09 am
Forum: Personal Consumer Issues
Topic: Does it ever make sense to buy a new car?
Replies: 103
Views: 6964

Re: Does it ever make sense to buy a new car?

In my head, perhaps because my father told me “never buy new” I feel like a sucker buying new I thought the same thing until I went to buy 3 months back. The used car pool has shrunk and compressed across the industry (less rip offs, but also less deals in large part due to TrueCar et al. bringing ...
by DVMResident
Fri Feb 09, 2018 7:17 pm
Forum: Personal Finance (Not Investing)
Topic: Tenants want to break lease early and is pregnant
Replies: 105
Views: 9000

Re: Tenants want to break lease early and is pregnant

Personally, I've let good tenant out of year leases a few months early with the following process: (1) Tell them I appreciate their time renting with me and I would like to work together to work something out. (2) Request an inspection (really, not a request, but it's nice to ask). If things are goo...
by DVMResident
Wed Feb 07, 2018 4:30 pm
Forum: Personal Finance (Not Investing)
Topic: 7/1 year ARM loan and additional monthly payments
Replies: 17
Views: 1057

Re: 7/1 year ARM loan and additional monthly payments

As I recall during the 2008 - 09 crisis many people couldn't sell their home. Some of those with an adjustable rate mortgage had planned to sell before the adjustments and instead we stuck in their house and trying to handle an increasingly impossible mortgage rate increase. If you know you want to...
by DVMResident
Wed Feb 07, 2018 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: 7/1 year ARM loan and additional monthly payments
Replies: 17
Views: 1057

Re: 7/1 year ARM loan and additional monthly payments

Short-version: +1 keeping the 7/1 ARM. You're getting a good deal and the interest hike is not a concern. Long-version: With the additional $500/mo principle reduction, the interest adjustment will automatically recast the loan based on the new principle. The recast will reduce the required payment ...
by DVMResident
Thu Feb 01, 2018 10:37 pm
Forum: Personal Finance (Not Investing)
Topic: Beating the 55k IRS limit?
Replies: 23
Views: 2329

Re: Beating the 55k IRS limit?

No reason not to. I did it will working at a university.
As other's have pointed out, the $55k/yr limit is per person. You're not circumventing anything.
by DVMResident
Wed Jan 31, 2018 8:04 pm
Forum: Personal Consumer Issues
Topic: Fidelity Visa fraud protection
Replies: 4
Views: 440

Re: Fidelity Visa fraud protection

Elan system was initially overly trigger happy and denied my charges early in the program. Those issues have antidocatlly gone away for me. Never had false charges. Solid customer service so far.
by DVMResident
Wed Jan 31, 2018 7:19 pm
Forum: Investing - Help with Personal Investments
Topic: Why do many bogleheads feel they can time the housing market but can't time the stock market?
Replies: 63
Views: 4880

Re: Why do many bogleheads feel they can time the housing market but can't time the stock market?

I believe I can time the housing market in the following sense: I can tell if my current rent is more or less than PITI + estimated repairs. The relationship between these numbers is in flux and I will give a different answer for each time period/property. This is a little different than the technic...
by DVMResident
Mon Jan 29, 2018 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Feeling Locked into a Job
Replies: 26
Views: 3083

Re: Feeling Locked into a Job

Question: If I spend the $95k in buying the additional years, do I lock myself into working at my employer for next 16 years (until I reach 30 yrs?). Most pension formula go something like "years of service * _% * highest salary over _ years." Does this $95k just add 5 years of service? If yes, you...
by DVMResident
Sun Jan 28, 2018 7:38 pm
Forum: Personal Finance (Not Investing)
Topic: How much have kids added to your personal finance/expenses?
Replies: 111
Views: 8528

Re: How much have kids added to your personal finance/expenses?

For us the biggest cost was DW's career. The cost was 4 years out of work (<1 year of that was semi-voluntary, combination of some health issues/recovery and a move for my work) and at least 1 promotion. Finally got a new gig at 15% less than prior position not including the promotion cost. Also, yo...
by DVMResident
Sat Jan 27, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Who taught you about financial responsibility?
Replies: 107
Views: 7033

Re: Who taught you about financial responsibility?

1) Parents - they lived below their means. They drove old cars for years and didn't own much. The only thing they spent a lot of money on a regular basis was their children's education. 2) Myself - naturally frugal. I was in residency earning $38k/yr...in LA. Before the 6 month mark, I had 5 digits ...