Search found 492 matches

by playtothebeat
Sat Nov 18, 2023 1:25 pm
Forum: Personal Finance (Not Investing)
Topic: HELOC interest deduction
Replies: 4
Views: 594

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...
by playtothebeat
Sun Jul 02, 2023 12:05 am
Forum: Personal Finance (Not Investing)
Topic: senior living
Replies: 32
Views: 5191

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%.
by playtothebeat
Sun Jun 11, 2023 5:21 pm
Forum: Personal Consumer Issues
Topic: London in August - hotel recommendations
Replies: 15
Views: 1363

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...
by playtothebeat
Fri May 19, 2023 9:01 am
Forum: Personal Investments
Topic: ETFs in HSA (California)
Replies: 2
Views: 577

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...
by playtothebeat
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: 5034

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.
by playtothebeat
Tue Apr 11, 2023 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: HSA options
Replies: 2
Views: 324

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...
by playtothebeat
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: 2865

Re: Help me avoid a new car blunder! [How to purchase]

turtlebug wrote: Thu Feb 16, 2023 1:42 pm Is the '86 Honda still drive-able? If so, you may wish to consider holding off on new car purchase for a little while. The car market is still crazy.

Also, I don't know your age, but I personally wouldn't withdraw from retirement funds to purchase a car.
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.
by playtothebeat
Mon Feb 13, 2023 1:47 pm
Forum: Personal Consumer Issues
Topic: Miele washer/dryer
Replies: 14
Views: 2728

Miele washer/dryer

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.
by playtothebeat
Thu Feb 09, 2023 9:46 pm
Forum: Personal Investments
Topic: Transfer HSA from Optum to Fidelity
Replies: 25
Views: 6078

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).
by playtothebeat
Thu Feb 09, 2023 5:38 pm
Forum: Personal Investments
Topic: Can someone help me understand why VGSH is so popular?
Replies: 20
Views: 6173

Re: Can someone help me understand why VGSH is so popular?

etc06 wrote: Thu Feb 09, 2023 3:53 pm Since VGSH invests in treasury bonds, the dividends are exempt from state taxes. So it may be more beneficial to own these in a state with higher tax rates.
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
by playtothebeat
Thu Jan 12, 2023 10:03 am
Forum: Personal Investments
Topic: New to HSA - would please like some advice
Replies: 15
Views: 1710

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
by playtothebeat
Tue Nov 29, 2022 11:16 am
Forum: Personal Finance (Not Investing)
Topic: HSA choices - self directed vs brokerage
Replies: 2
Views: 421

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...
by playtothebeat
Mon May 23, 2022 10:12 am
Forum: Personal Finance (Not Investing)
Topic: How much spend on car? Boglehead Standard
Replies: 169
Views: 14725

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.
by playtothebeat
Fri Mar 25, 2022 1:58 pm
Forum: Personal Finance (Not Investing)
Topic: Can we afford 5M house with ocean view?
Replies: 480
Views: 51519

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 ...
by playtothebeat
Mon Feb 21, 2022 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: HSA tax reporting (California resident)
Replies: 1
Views: 368

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 ...
by playtothebeat
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.
by playtothebeat
Mon Jan 31, 2022 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Do we spend too much in groceries?
Replies: 105
Views: 12103

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.
by playtothebeat
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: 4621

Re: How to evaluate an ultra long term contract offer?

Wade Garrett wrote: Fri Jan 21, 2022 6:37 pm
mdavis6890 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?
No

Yes
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.

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.
by playtothebeat
Thu Jan 20, 2022 9:48 am
Forum: Personal Finance (Not Investing)
Topic: Appropriate Amount of Credit?
Replies: 14
Views: 1425

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.
by playtothebeat
Wed Jan 19, 2022 12:43 am
Forum: Personal Finance (Not Investing)
Topic: my real household budget.
Replies: 102
Views: 9508

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!
by playtothebeat
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

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.
#1 and 2 only matter if the economics are better than what you can get with other lenders.
Have you checked places like better.com, lenderfi.com, etc?
by playtothebeat
Sat Jan 15, 2022 10:29 pm
Forum: Personal Investments
Topic: Fund suggestions for HSA (CA resident)
Replies: 20
Views: 2249

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).
by playtothebeat
Fri Jan 14, 2022 10:09 pm
Forum: Personal Finance (Not Investing)
Topic: Path to UHNW
Replies: 202
Views: 25007

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.
by playtothebeat
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: 5703

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?
by playtothebeat
Sun Jan 09, 2022 10:42 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate - Highrise Condo Pricing
Replies: 18
Views: 2293

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.
by playtothebeat
Tue Jan 04, 2022 10:26 am
Forum: Personal Investments
Topic: Portfolio Review/Reevaluation
Replies: 15
Views: 1340

Re: Portfolio Review/Reevaluation

With $250K combined income and MFJ filing status, your federal margin tax rate should be 24%, not 32%.
by playtothebeat
Mon Jan 03, 2022 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: Increase Salary to get less bonus
Replies: 12
Views: 1411

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)
by playtothebeat
Mon Jan 03, 2022 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: How can I use my HELOC?
Replies: 8
Views: 1202

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...
by playtothebeat
Wed Dec 29, 2021 11:27 am
Forum: Personal Finance (Not Investing)
Topic: another can I afford 100k car thread ..
Replies: 286
Views: 26166

Re: another can I afford 100k car thread ..

new2bogle wrote: Wed Dec 29, 2021 11:06 am No, you can't afford it. I have a higher liquid net worth and higher total income and live in a cheaper location than L.A. I still can't justify myself spending $110k on a car.
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.
by playtothebeat
Sat Dec 11, 2021 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 4273
Views: 1072260

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!
by playtothebeat
Sat Dec 04, 2021 10:31 am
Forum: Personal Investments
Topic: Buying a big building!
Replies: 4
Views: 1293

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.
by playtothebeat
Sat Nov 27, 2021 6:12 pm
Forum: Personal Consumer Issues
Topic: Rent a car at the airport without flying
Replies: 48
Views: 7383

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.
by playtothebeat
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: 2247

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.
by playtothebeat
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: 12491

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)
by playtothebeat
Thu Aug 26, 2021 11:21 pm
Forum: Personal Investments
Topic: Age 35, early retirement age 37? Please critique plan :)
Replies: 175
Views: 27403

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...
by playtothebeat
Thu Aug 19, 2021 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Where to live
Replies: 36
Views: 4779

Re: Where to live

Irvine, CA
by playtothebeat
Mon Aug 16, 2021 6:12 pm
Forum: Personal Investments
Topic: Looking for CRE Investment Advice [Commercial Real Estate]
Replies: 35
Views: 3643

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?
by playtothebeat
Sun Aug 15, 2021 2:42 pm
Forum: Personal Investments
Topic: Looking for CRE Investment Advice [Commercial Real Estate]
Replies: 35
Views: 3643

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?
by playtothebeat
Fri Aug 13, 2021 12:11 am
Forum: Personal Investments
Topic: Age 35, early retirement age 37? Please critique plan :)
Replies: 175
Views: 27403

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.
by playtothebeat
Thu Aug 12, 2021 11:50 pm
Forum: Personal Investments
Topic: Age 35, early retirement age 37? Please critique plan :)
Replies: 175
Views: 27403

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!
by playtothebeat
Sat Aug 07, 2021 11:20 pm
Forum: Personal Investments
Topic: Large rental apartment complexes
Replies: 5
Views: 1987

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.
by playtothebeat
Sun Jul 04, 2021 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Late 30s, when can I retire?
Replies: 52
Views: 7773

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 :)
by playtothebeat
Sun May 16, 2021 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: Making offer well-over asking price?
Replies: 58
Views: 14776

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...
by playtothebeat
Sun May 02, 2021 11:23 pm
Forum: Personal Investments
Topic: Cold feet before dumping 25K into crowdfunding real estate?
Replies: 52
Views: 9881

Re: Cold feet before dumping 25K into crowdfunding real estate?

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?
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.
by playtothebeat
Sat Apr 17, 2021 12:06 pm
Forum: Personal Consumer Issues
Topic: can I get boglehead approval for a 70K truck?
Replies: 112
Views: 10279

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.
by playtothebeat
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: 20345

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.
by playtothebeat
Sun Apr 11, 2021 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Financing to Purchase Law Firm
Replies: 45
Views: 4800

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?
by playtothebeat
Fri Mar 12, 2021 12:09 am
Forum: Personal Finance (Not Investing)
Topic: Moving to Orange County or Poway.
Replies: 25
Views: 2287

Re: Moving to Orange County or Poway.

Irvine, Aliso Viejo, or Mission Viejo.
by playtothebeat
Thu Feb 25, 2021 2:04 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand my LenderFi mortgage offer
Replies: 8
Views: 1118

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.