Yes.
https://www.irs.gov/faqs/itemized-deduc ... expenses-2
https://time.com/personal-finance/artic ... eductible/
Search found 492 matches
- Sat Nov 18, 2023 2:56 pm
- Forum: Personal Finance (Not Investing)
- Topic: HELOC interest deduction
- Replies: 4
- Views: 598
- Sat Nov 18, 2023 1:25 pm
- Forum: Personal Finance (Not Investing)
- Topic: HELOC interest deduction
- Replies: 4
- Views: 598
HELOC interest deduction
As I understand, mortgage interest is deductible (with a 750k debt amount cap), and that HELOC interest qualifies as well if used for home improvements (within that cap overall). We did a pretty extensive remodel this year which we paid for with a HELOC, so will have quite a bit of HELOC interest which will be part of our tax reporting at the end of the year. I’m looking at refinancing the HELOC with a new one (more availability, same lender - they just can’t increase the existing and have to book it as a refi, effectively). I can’t find enough clarity on the IRS website whether that would somehow make the future interest (which will be accruing on the new heloc since current one would be paid off) ineligible for deductibility in future yea...
- Sun Jul 02, 2023 12:05 am
- Forum: Personal Finance (Not Investing)
- Topic: senior living
- Replies: 32
- Views: 5204
Re: senior living
I provide financing to senior living facilities on a regular basis so have a pretty good look into operations, costs, etc. I can tell you margins are NOT good and senior living doesn’t make nearly the profits you would assume given the (usually) high cost of rent + services. COVID really impacted labor as well, leading to a significant increase in operating costs. Couple that with cost of debt service in today’s interest rate environment, and it’s very common for facilities to not have positive cash flow after debt service until occupancy is close to 90% range, whereas previously that was around 70-75%.
- Sun Jun 11, 2023 5:21 pm
- Forum: Personal Consumer Issues
- Topic: London in August - hotel recommendations
- Replies: 15
- Views: 1382
London in August - hotel recommendations
Planning a family trip (with a 9-year old) to London in August for about 8 days, flying from the west coast. Flights are already booked, and we’re now trying to figure out a good place to stay. My wife has been there a few times but over 13 years ago, whereas I’ve never been. We plan to do some of the typical touristy things, and hopefully try to catch a couple EPL matches if we can (I hear getting tickets is a pain, but I’m looking into that). There is so much information online that it’s a bit overwhelming to figure out the right neighborhoods, areas, etc, so thought I’d turn to this board for input. Let me know if you have any general - or specific - recommendation. I’m paying for the hotel with my Chase points so have a little flexibili...
- Fri May 19, 2023 9:01 am
- Forum: Personal Investments
- Topic: ETFs in HSA (California)
- Replies: 2
- Views: 580
ETFs in HSA (California)
I have about $70k in an HSA which is currently sitting in cash. It was previously invested but liquidated by the custodian when the custodian changed from one to another. This created quite a bit of pain unfortunately as I’m in CA and thus had to pay capital gain tax on that transaction, but what’s done is done. The new custodian offers a decent selection of funds and ETFs. Unfortunately it’s not an open platform like Fidelity, so I’m limited in my options at the end of the day. There are several Treasury ETFs which I think would be a good fit for my overall allocation (I want to view the HSA as a long term IRA and fixed portion of my portfolio). I like the treasury exposure route to avoid CA tax on earnings. One example is SCHO (Schwab sho...
- Sat May 13, 2023 10:02 am
- Forum: Personal Investments
- Topic: Is VMFXX now better than VUSXX for 35% Fed tax rate
- Replies: 27
- Views: 5067
Re: Is VMFXX now better than VUSXX for 35% Fed tax rate
I think I’m missing something.
Is there tax benefit of VMFXX? I’m in CA and realize the tax benefit of VUSXX (assuming 50%+ non-repo). At a 9.3% marginal tax rate seems that VUSXX is a hair better, assuming federal taxes are the same under both.
Is there tax benefit of VMFXX? I’m in CA and realize the tax benefit of VUSXX (assuming 50%+ non-repo). At a 9.3% marginal tax rate seems that VUSXX is a hair better, assuming federal taxes are the same under both.
- Tue Apr 11, 2023 12:27 pm
- Forum: Personal Finance (Not Investing)
- Topic: HSA options
- Replies: 2
- Views: 325
HSA options
I have about $60k sitting in an HSA cash account, which i'd like to invest. The funds were previously invested but with transfer of custodian/administrator last year, all holdings were liquidated around August of last year. WealthSaver is now my administrator. I'm in CA (and had to pay tax on that liquidation, heh), and think the most efficient way for me to invest these funds is to consider them part of my overall fixed rate allocation. I have access to various ETFs. It looks like VGSH, which is on the list, would qualify for being tax exempt in CA, but i'm not entirely sure. Hoping the boglehead brains can help! Alternatively, is now the best time to transfer holdings to Fidelity in order to get access to a broader suite of funds/stocks/e...
- Thu Feb 16, 2023 1:57 pm
- Forum: Personal Finance (Not Investing)
- Topic: Help me avoid a new car blunder! [How to purchase]
- Replies: 40
- Views: 2886
Re: Help me avoid a new car blunder! [How to purchase]
To each their own, but I would personally say cost of safety features of a 2023 vs a 1986 far outweighs the slight markup of cars in today’s market (which may or may not stay in place for a long time or perpetual, who knows - we may just be buying cars at or slightly above MSRP for the next X years or longer).
It sounds like the OP drives cars for extended periods of time - the few K extra is irrelevant at that point.
- Mon Feb 13, 2023 1:47 pm
- Forum: Personal Consumer Issues
- Topic: Miele washer/dryer
- Replies: 17
- Views: 3127
Miele washer/dryer
[Thread bumped in March 2024 by new member kwash with a related question - moderator ClaycordJCA]
Curious if anyone on this board has a Miele washer/dryer. We're remodeling our house and are quite limited on the space in the laundry room, thus considering going to Miele's "compact" models. Would love to hear from those who have one.
Curious if anyone on this board has a Miele washer/dryer. We're remodeling our house and are quite limited on the space in the laundry room, thus considering going to Miele's "compact" models. Would love to hear from those who have one.
- Thu Feb 09, 2023 9:46 pm
- Forum: Personal Investments
- Topic: Transfer HSA from Optum to Fidelity
- Replies: 33
- Views: 7124
Re: Transfer HSA from Optum to Fidelity
If you’re in CA, this gets really difficult since you can’t transfer in-mind and have to liquidate, thus paying state tax on gains (if applicable).
- Thu Feb 09, 2023 5:38 pm
- Forum: Personal Investments
- Topic: Can someone help me understand why VGSH is so popular?
- Replies: 20
- Views: 6265
Re: Can someone help me understand why VGSH is so popular?
This seems like a big benefit.
I'm in CA, and my HSA offers VGSH as an investment option (i know i can move my HSA to Fidelity to get more options, but have not done that so a bit limited). I was hoping i'd see some funds like VUSXX, but looks like all i get are ETFs. Seems like investing my HSA in VGSH could be a good way to avoid dealing with CA HSA tax issues
- Thu Jan 12, 2023 10:03 am
- Forum: Personal Investments
- Topic: New to HSA - would please like some advice
- Replies: 15
- Views: 1714
Re: New to HSA - would please like some advice
One thing to consider is if you’re in NJ or CA, as mutual funds may not be ideal for tax reasons in an HSA in those states
- Tue Nov 29, 2022 11:16 am
- Forum: Personal Finance (Not Investing)
- Topic: HSA choices - self directed vs brokerage
- Replies: 2
- Views: 424
HSA choices - self directed vs brokerage
My HSA investment custodian recently transferred to WealthCare, and i need to re-enroll in investment options (currently the full $55k balance is sitting in cash within the HSA, and not being invested). WealthCare offers a "self-directed" and a "brokerage" account. Both have the same fee structure (0.03%, or about $3 per $10k). Self-directed option consists of about 15 different funds (mostly Vanguard and iShares), whereas the Brokerage option offers access to the individual stocks within the S&P 100, plus about 500 ETFs (at a quick glance, looks like a number of iShare, Vanguard, SPDR, and Invesco ETFs). I assume the Brokerage option is the better way to go, but I've never owned any ETFs (only funds) and so don't re...
- Mon May 23, 2022 10:12 am
- Forum: Personal Finance (Not Investing)
- Topic: How much spend on car? Boglehead Standard
- Replies: 169
- Views: 14863
Re: How much spend on car? Boglehead Standard
I never quite understood the “$5000 car” view unless money is exceptionally tight. Just safety etc alone makes me question that.
To each his own.
Spend what you’re comfortable with, whether talking about cars, houses, watches, vacation, etc.
To each his own.
Spend what you’re comfortable with, whether talking about cars, houses, watches, vacation, etc.
- Fri Mar 25, 2022 1:58 pm
- Forum: Personal Finance (Not Investing)
- Topic: Can we afford 5M house with ocean view?
- Replies: 480
- Views: 52023
Re: Can we afford 5M house with ocean view?
How long have you been earning 750 to nearly a million/yr? And how much longer do you expect to be earning that much per year? this is our expected income going forward, at least till the end of the 10 year ARM. could be another 20 years knock on wood. it's hard work ~140 hours per week combined but we enjoy our jobs 70 hours each per week?? You'll never see the $5M home with those hours. i don't quite follow that. A week is 168 hours. Let's assume he sleeps 8 hours. And commutes 1 hour each day. Even then - that's 5 hours each day to "fill". We don't know what the OP's other hobbies are. Perhaps he's someone who loves siting on a patio overlooking the ocean for an hour in the evening. Or playing guitar in his office. Or working ...
- Mon Feb 21, 2022 10:13 pm
- Forum: Personal Finance (Not Investing)
- Topic: HSA tax reporting (California resident)
- Replies: 1
- Views: 372
HSA tax reporting (California resident)
I have an HSA (two separate accounts, actually) and am in California so I get to deal with the intricacies of reporting earnings within the HSA on state taxes. I think my math is correct, but hoping someone can spot check and advise if I’m doing this right! Account #1, via HSAInvestments.com: - This account receives all my contributions (family plan, max out every year). - I have approx $15k in cash, plus $35k invested. The investments are (1) $30k in a Vanguard Target 2050 fund (VFIFX) and (2) $5k in a Pimco Gov't Money Markets fund (PGYXX). I realize now that having a Target date mutual fund is not ideal in an HSA, but here I am.. - All new contributions are just held in cash at this point, and i have not moved any new contributions over ...
- Sun Feb 20, 2022 10:45 am
- Forum: Personal Finance (Not Investing)
- Topic: Inflation is real and 7% seems like lowballing it
- Replies: 36
- Views: 3083
Re: Inflation is real and 7% seems like lowballing it
$3.50 gas - lucky you, I paid $4.99 for regular yesterday
Inflation hits people differently.
Inflation hits people differently.
- Mon Jan 31, 2022 10:45 am
- Forum: Personal Finance (Not Investing)
- Topic: Do we spend too much in groceries?
- Replies: 105
- Views: 12174
Re: Do we spend too much in groceries?
We spend about $1600/month for a family of 3 (including an 8 year old). We can certainly cut that down, and maybe even should, but generally don’t really worry about it.
That includes probably $300/month on eating out, whether that’s fast food, fast casual, or a sit down place. Also includes toiletries and some random things thrown in I’m sure.
That includes probably $300/month on eating out, whether that’s fast food, fast casual, or a sit down place. Also includes toiletries and some random things thrown in I’m sure.
- Fri Jan 21, 2022 6:46 pm
- Forum: Personal Finance (Not Investing)
- Topic: How to evaluate an ultra long term contract offer?
- Replies: 60
- Views: 4709
Re: How to evaluate an ultra long term contract offer?
The first point is surprising to me. You should be able to sell your property, subject to existing contracts (including this one) even during the DD period.Wade Garrett wrote: ↑Fri Jan 21, 2022 6:37 pmNomdavis6890 wrote: ↑Fri Jan 21, 2022 5:31 pm Are you able to cancel this agreement and sell or lease the property to someone else instead if you want to, prior to the start of the 40-year lease (during the due-diligence period)?
Can the prospective tenant cancel during the due-diligence period?
Yes
Sounds like a ground lease proposal. I see these a lot. I’ve seen many different economic structures - $1 rent in exchange for other consideration, 3% annual increases, flat amounts, CPI increases, FMV adjustments every X years. You name it.
- Thu Jan 20, 2022 9:48 am
- Forum: Personal Finance (Not Investing)
- Topic: Appropriate Amount of Credit?
- Replies: 14
- Views: 1427
Re: Appropriate Amount of Credit?
My opinion is the more the merrier (to some degree, I suppose). As long as you don’t have problems with using credit in a prudent way and paying off your cards when you do so.. but to me, if there was a significant emergency that extends beyond my emergency fund, it’s nice to know that I have ability to access large amounts with unsecured borrowings.
- Wed Jan 19, 2022 12:43 am
- Forum: Personal Finance (Not Investing)
- Topic: my real household budget.
- Replies: 102
- Views: 9639
Re: my real household budget.
Not sure why people are telling you your car payments or your alcohol budget are too high. Both seem entirely reasonable to me. And hey $270/month on alcohol to you may bring as much joy as someone who spends that money on a nice dinner instead, or a hobby, etc. to each their own, and a nice bottle of wine can easily cost 60-70 (one a week, and you’re at $270 right there). Cheers!
- Mon Jan 17, 2022 10:32 am
- Forum: Personal Finance (Not Investing)
- Topic: The mortgage rate discount and negotiation suggestions
- Replies: 13
- Views: 1417
Re: The mortgage rate discount and negotiation suggestions
#1 and 2 only matter if the economics are better than what you can get with other lenders.proudowner333 wrote: ↑Mon Jan 17, 2022 9:29 am Thank you for your responses. I am working with them for that following reasons:
1. I can get relationship discount.
2. They are ready to do long term rate lock without any fees and I can get discount as per point 1.
I absolutely like to work with my local credit union but they do not offer long term rate lock and that is my challenge in this volatile market.
Have you checked places like better.com, lenderfi.com, etc?
- Sat Jan 15, 2022 10:29 pm
- Forum: Personal Investments
- Topic: Fund suggestions for HSA (CA resident)
- Replies: 20
- Views: 2257
Re: Fund suggestions for HSA (CA resident)
I would avoid Target Date Funds, as I understand those to not be very tax efficient. I hold some in my HSA (also in CA), and had quite a bit of cap gains/dividends that I’ll have to pay tax on this year (it was an outlier relative to prior years though).
- Fri Jan 14, 2022 10:09 pm
- Forum: Personal Finance (Not Investing)
- Topic: Path to UHNW
- Replies: 202
- Views: 25150
Re: Path to UHNW
I work with many clients who have net worth in excess of $100M. All are commercial real estate developers and investors and have been for a long time, starting out with a small apartment building or a duplex, or a small industrial building, to now own 3000+’multi family units, or several Million SF of industrial product, etc.
- Tue Jan 11, 2022 11:30 pm
- Forum: Personal Investments
- Topic: Wanted: Best Roth IRA bank or CU recommendation please. Which understand the Roth rules properly?
- Replies: 71
- Views: 5799
Re: Wanted: Best Roth IRA bank or CU recommendation please. Which understand the Roth rules properly?
For our benefit, can you share the names of the banks/CUs which you said had inaccurate information, so that others here can keep an eye out for that to the extent they’re currently banking with such bank/CU or were considering it?
- Sun Jan 09, 2022 10:42 am
- Forum: Personal Finance (Not Investing)
- Topic: Real Estate - Highrise Condo Pricing
- Replies: 18
- Views: 2299
Re: Real Estate - Highrise Condo Pricing
Portland has had a massive influx of apartment units in the downtown area, including the Pearl. In many ways, that may be a more desirable alternative to a prospective buyer right now, particularly when most of the places offer 2-3 months of free rent on a 12 month lease right now. Although this level of concessions and supply isn’t likely to continue long term, it certainly has an impact on today’s condo market in my opinion.
- Tue Jan 04, 2022 10:26 am
- Forum: Personal Investments
- Topic: Portfolio Review/Reevaluation
- Replies: 15
- Views: 1343
Re: Portfolio Review/Reevaluation
With $250K combined income and MFJ filing status, your federal margin tax rate should be 24%, not 32%.
- Mon Jan 03, 2022 8:06 pm
- Forum: Personal Finance (Not Investing)
- Topic: Increase Salary to get less bonus
- Replies: 12
- Views: 1414
Re: Increase Salary to get less bonus
Your taxes are the same regardless. Your bonus may be withholding higher taxes but it calculates out when you file your returns in April..
I’m a big believer that guaranteed salary is better than discretionary bonus, but doesn’t seem like your salary would necessarily be guaranteed if I understand correctly? In that instance I might be more inclined to just keep the larger bonus, provided your annual salary is sufficient for monthly expenses, and that the bonus doesn’t have discretion to it (I.e. it’s purely formulaic based on revenue etc)
I’m a big believer that guaranteed salary is better than discretionary bonus, but doesn’t seem like your salary would necessarily be guaranteed if I understand correctly? In that instance I might be more inclined to just keep the larger bonus, provided your annual salary is sufficient for monthly expenses, and that the bonus doesn’t have discretion to it (I.e. it’s purely formulaic based on revenue etc)
- Mon Jan 03, 2022 4:57 pm
- Forum: Personal Finance (Not Investing)
- Topic: How can I use my HELOC?
- Replies: 8
- Views: 1212
Re: How can I use my HELOC?
Hi all, My credit union gave my wife (age 35) and I (32) a $100,000 HELOC at 4.00% interest on our primary and only residence. The property was appraised for $595,000 and our mortgage is $390,000 (30-year fixed, 2.625% interest). It only cost about $300 for the HELOC (something about Virginia state taxes) so I figured might as well, but I'm not sure what to do with it. I'm tempted to use the HELOC for a home renovation, but we don't plan on selling any time soon so that would just be a financial drain. We also have no other debt so no help there. I'm thinking the HELOC at least gives us the ability to access cash without having to sell our cryptocurrency or stocks to avoid capital gains. It could also be a good financial safety net. I've r...
- Wed Dec 29, 2021 11:27 am
- Forum: Personal Finance (Not Investing)
- Topic: another can I afford 100k car thread ..
- Replies: 286
- Views: 26351
Re: another can I afford 100k car thread ..
that's a very personal statement, in my opinion. have you "justified" spending large sums on other items? vacations? home remodels? etc? to the OP, a car may very well take place of those items.
yes, you can afford it. whether or not you should be buying it is a different statement. a $100k car is quite common on the freeway between LA and OC.
- Sat Dec 11, 2021 10:45 am
- Forum: Personal Finance (Not Investing)
- Topic: Share your net worth progression
- Replies: 4288
- Views: 1081898
Re: Share your net worth progression
Yes, you can’t retire at 45 if you want to maintain the current lifestyle. And that’s totally fine, that’s a choice. Your lifestyle is above 99% of the population. but again that’s nothing to be ashamed of - you and your wife work hard, from what I can tell, and should enjoy your earnings however you see fit. You just won’t be able to convince anyone that earning 800k is anything but very high income…
My NW progression (married, 1 child, now singe income in a HCOL area).
2017: didn’t track closely prior to then
2018: 500k
2019: 700
2020: 900
2021: will be above 1mm finally!
My NW progression (married, 1 child, now singe income in a HCOL area).
2017: didn’t track closely prior to then
2018: 500k
2019: 700
2020: 900
2021: will be above 1mm finally!
- Sat Dec 04, 2021 10:31 am
- Forum: Personal Investments
- Topic: Buying a big building!
- Replies: 4
- Views: 1296
Re: Buying a big building!
Separate LLC, typically.
If you’re financing, your lender may even require it so that they have a single purpose entity as the Borrower.
If you’re financing, your lender may even require it so that they have a single purpose entity as the Borrower.
- Sat Nov 27, 2021 6:12 pm
- Forum: Personal Consumer Issues
- Topic: Rent a car at the airport without flying
- Replies: 48
- Views: 7591
Re: Rent a car at the airport without flying
Shouldn't be a problem. I've done it. it's more expensive than non-airport locations however.
- Sun Nov 07, 2021 11:02 am
- Forum: Personal Finance (Not Investing)
- Topic: Tell me it’s okay to spend on some experiences
- Replies: 23
- Views: 2276
Re: Tell me it’s okay to spend on some experiences
Is this a humble brag? You’re saving more per year than many people on this board make. Come on now.
No don’t spend your hard earned money… save every penny. Drive a Corolla. Eat ramen. /end sarcasm.
No don’t spend your hard earned money… save every penny. Drive a Corolla. Eat ramen. /end sarcasm.
- Thu Oct 07, 2021 9:22 am
- Forum: Personal Finance (Not Investing)
- Topic: Anxiety over home purchase - Am I buying too much house?
- Replies: 113
- Views: 12606
Re: Anxiety over home purchase - Am I buying too much house?
My friend did something similar, with similar numbers/income/etc. same plan - start a family soon, so need a bigger home. They were never able to have kids, however. So they had a massive 4K SF house for the two of them, and never seemed happy about it. But then again they just sold it and are moving to building another, bigger house, for the two of them. So I guess to each his own.
My point is it’s hard to plan around having kids when that may or may not happen (due to issues outside of our direct control, I.e. medical or genetics)
My point is it’s hard to plan around having kids when that may or may not happen (due to issues outside of our direct control, I.e. medical or genetics)
- Thu Aug 26, 2021 11:21 pm
- Forum: Personal Investments
- Topic: Age 35, early retirement age 37? Please critique plan :)
- Replies: 175
- Views: 27524
Re: Age 35, early retirement age 37? Please critique plan :)
His expenses aren't impossible, to the people doubting them. I've been living on my own, averaging $25,000 in yearly expenses, for the last 10 years. I own a modest house, a recent year car, recent cell phone, high speed internet, nice computer, eat high-quality food and take trips overseas. Yes but kids aren’t free. Neither is food for a second adult. I can’t understand that budget at all.. my utility bills in Southern California are $300, and that’s with a small 1500sf house. Another $300 for gas and I’m not even commuting to work - it’s just running errands, shuttling my kid to soccer etc. What about life insurance? Gifts for birthdays etc (surprised how much that adds up with a kid going to birthday parties seemingly on a monthly basis...
- Thu Aug 19, 2021 4:42 pm
- Forum: Personal Finance (Not Investing)
- Topic: Where to live
- Replies: 36
- Views: 4787
Re: Where to live
Irvine, CA
- Mon Aug 16, 2021 6:12 pm
- Forum: Personal Investments
- Topic: Looking for CRE Investment Advice [Commercial Real Estate]
- Replies: 35
- Views: 3709
Re: Looking for CRE Investment Advice [Commercial Real Estate]
Read the franchise/licensing agreement carefully.. Does Choice Hotels have an out for lack of performance, etc?
- Sun Aug 15, 2021 2:42 pm
- Forum: Personal Investments
- Topic: Looking for CRE Investment Advice [Commercial Real Estate]
- Replies: 35
- Views: 3709
Re: Looking for CRE Investment Advice [Commercial Real Estate]
Is this a flag/brand hotel? Or self managed? If self managed, who will manage it for you? If flag/franchise, how many years left in the agreement?
- Fri Aug 13, 2021 12:11 am
- Forum: Personal Investments
- Topic: Age 35, early retirement age 37? Please critique plan :)
- Replies: 175
- Views: 27524
Re: Age 35, early retirement age 37? Please critique plan :)
I’m by no means judging. I’m genuinely impressed if someone can be completely happy spending only 2-3K a month on “life” I.e. shelter, food and hobbies.
My hobbies are expensive. I spend probably $400/month on hockey alone. I like driving places. I’m not one to sit down and read a book for 6 hours. I like good coffee. I like restaurants (nothing fancy, but I enjoy my in n out burger or on occasional sushi roll). I like taking my wife and kid to sporting events. I can’t imagine giving all that up just to “retire”. But it’s just such a personality mismatch relative to my life, and it’s really fascinating to me.
My hobbies are expensive. I spend probably $400/month on hockey alone. I like driving places. I’m not one to sit down and read a book for 6 hours. I like good coffee. I like restaurants (nothing fancy, but I enjoy my in n out burger or on occasional sushi roll). I like taking my wife and kid to sporting events. I can’t imagine giving all that up just to “retire”. But it’s just such a personality mismatch relative to my life, and it’s really fascinating to me.
- Thu Aug 12, 2021 11:50 pm
- Forum: Personal Investments
- Topic: Age 35, early retirement age 37? Please critique plan :)
- Replies: 175
- Views: 27524
Re: Age 35, early retirement age 37? Please critique plan :)
I can’t imagine doing what you’re suggesting, but I’m in a different mindset altogether.
I suspect if needed you’d be able to get a retail job or similar to supplement income.. what will you do with all the time? Hope your hobbies are cheap..
On a side note I don’t understand how someone can have such a low budget, but maybe I spend too much!
I suspect if needed you’d be able to get a retail job or similar to supplement income.. what will you do with all the time? Hope your hobbies are cheap..
On a side note I don’t understand how someone can have such a low budget, but maybe I spend too much!
- Sat Aug 07, 2021 11:20 pm
- Forum: Personal Investments
- Topic: Large rental apartment complexes
- Replies: 5
- Views: 1988
Re: Large rental apartment complexes
Sure, just invest via CrowdStreet and similar platforms. Lots of reputable names on there. I saw Greystar with an offering a few months ago - they’re one of the largest multi-family managers in the world.
- Sun Jul 04, 2021 12:07 pm
- Forum: Personal Finance (Not Investing)
- Topic: Late 30s, when can I retire?
- Replies: 52
- Views: 7788
Re: Late 30s, when can I retire?
You could retire now if you moved to a low cost of living area..
or in a few more Millions if you want to stay in a HCOL.
Only you can make that choice
or in a few more Millions if you want to stay in a HCOL.
Only you can make that choice
- Sun May 16, 2021 2:40 pm
- Forum: Personal Finance (Not Investing)
- Topic: Making offer well-over asking price?
- Replies: 58
- Views: 14878
Re: Making offer well-over asking price?
The concept of “above market” is nonsense. Home buying is a relatively transparent process, with multiple offers etc. The price you pay is in fact market. It might be higher than you want to pay, or higher than you would have paid a year ago. But it’s still market. “Below market” is something you would see if the house never came to market and was sold in a non-public process. I.e. someone may have sold to a family member or in a quick-close scenario and left money on the table. You can argue that on an open market, that house would have received a higher market-drive price. I’m always bothered by people saying that homes are suddenly above market... they’re not, it’s just that the market values have gone up, driven by low inventory and eas...
- Sun May 02, 2021 11:23 pm
- Forum: Personal Investments
- Topic: Cold feet before dumping 25K into crowdfunding real estate?
- Replies: 52
- Views: 9889
Re: Cold feet before dumping 25K into crowdfunding real estate?
There are many benefits to physical real estate over REIT or ETF. There are also many disadvantages. One needs to ver both sides and determine what’s best for their portfolio.Northern Flicker wrote: ↑Sun May 02, 2021 9:29 pm What regulatory protections are in play? Why is this better than a REIT mutual fund or ETF?
- Sat Apr 17, 2021 12:06 pm
- Forum: Personal Consumer Issues
- Topic: can I get boglehead approval for a 70K truck?
- Replies: 112
- Views: 10326
Re: can I get boglehead approval for a 70K truck?
A few months ago the OP posted about his dad having $1mil in Tesla stock and how he really wanted his dad to diversify. Now he himself is all in also.
My my how quickly things change when you’re on a hot streak
Buy any car you want, you make good money.
My my how quickly things change when you’re on a hot streak
Buy any car you want, you make good money.
- Sat Apr 17, 2021 10:05 am
- Forum: Personal Consumer Issues
- Topic: How to make strong coffee equivalent to Starbucks for cheaper?
- Replies: 149
- Views: 20560
Re: How to make strong coffee equivalent to Starbucks for cheaper?
If you want more caffeine, use a lighter roast.
If you want less acidity, use a darker roast.
If you want less acidity, use a darker roast.
- Sun Apr 11, 2021 11:32 am
- Forum: Personal Finance (Not Investing)
- Topic: Financing to Purchase Law Firm
- Replies: 45
- Views: 4852
Re: Financing to Purchase Law Firm
I looked at your prior posts. Looks like you had income of about 400k, with a mortgage, student loans, and 4 kids. So I suspect you don’t have a ton of cash sitting around or marketable securities which you can take a line out against..
are you purchasing solo? With partners? Are your partners putting in capital? Are you buying real estate or just the business operation?
are you purchasing solo? With partners? Are your partners putting in capital? Are you buying real estate or just the business operation?
- Fri Mar 12, 2021 12:09 am
- Forum: Personal Finance (Not Investing)
- Topic: Moving to Orange County or Poway.
- Replies: 25
- Views: 2301
Re: Moving to Orange County or Poway.
Irvine, Aliso Viejo, or Mission Viejo.
- Thu Feb 25, 2021 2:04 pm
- Forum: Personal Finance (Not Investing)
- Topic: Help me understand my LenderFi mortgage offer
- Replies: 8
- Views: 1119
Re: Help me understand my LenderFi mortgage offer
Rates in the market have moved up a good 50bps or so in the past 7-10 days, so this is nothing surprising.. I’ve been tracking LendeeFi rates daily, more or less, for a potential refinance and see the same increases over the time period.