Search found 834 matches

by jfn111
Mon Jan 15, 2018 11:51 am
Forum: Personal Consumer Issues
Topic: Are land line phones still being supported?
Replies: 60
Views: 3512

Re: Are land line phones still being supported?

For all the folks in poor cell reception areas....why not just use 'wifi calling' on their smart phones? Free and digital quality. I keep a "land line" through the cable company because I can't get wifi calling to work regularly. My office is in the basement but I can get 1 or 2 bars on my ATT serv...
by jfn111
Sun Jan 14, 2018 7:45 am
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 153
Views: 15014

Re: Anyone disenchanted with retirement?

For me, I'm happier with semi-retirement. It's been almost 6 years since I retired from megacorp. Getting away from the 9-5 and the office politics has been wonderful. I've always loved sales and it's so much more fun being my own boss and setting my own schedule. Going from the first meeting with a...
by jfn111
Sun Jan 14, 2018 7:28 am
Forum: Personal Finance (Not Investing)
Topic: Firing real estate agent after offer made?
Replies: 29
Views: 3154

Re: Firing real estate agent after offer made?

Who provided the initial contact offer? If it was your agent's contract form & he presented it to the seller, then your agent will get his share of the commission through his broker once the sale is complete. Regarding a short sale process, usually the Seller's agent is the one that is doing most o...
by jfn111
Sat Jan 13, 2018 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Firing real estate agent after offer made?
Replies: 29
Views: 3154

Re: Firing real estate agent after offer made?

I'll second calling the Broker. The agent is the Procuring Cause, as stated above,but the commission goes to the Broker who's responsible for the agent. The Broker can assign another agent to finish the transaction and probably split the commission with the original agent. (This part is the Brokers ...
by jfn111
Thu Jan 11, 2018 12:50 pm
Forum: Personal Consumer Issues
Topic: anyone else enjoying an afternoon nap in retirement?
Replies: 19
Views: 1762

Re: anyone else enjoying an afternoon nap in retirement?

I take an afternoon nap whenever I can.
by jfn111
Wed Jan 10, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: home inspection on house I already live in?
Replies: 22
Views: 1903

Re: home inspection on house I already live in?

Since OP is the tenant and has access to the house, what does the forum think about OP having the inspector come before making an offer (ie without owner even being involved/aware)? Could that put OP in a position to make a stronger-looking offer, such as by waiving inspection contingency if OP alr...
by jfn111
Wed Jan 10, 2018 3:08 pm
Forum: Personal Finance (Not Investing)
Topic: home inspection on house I already live in?
Replies: 22
Views: 1903

Re: home inspection on house I already live in?

The way it is done- you make the offer with an inspection contingency. (Or with a due diligence period, depending on your state.) When the offer is accepted THEN you hire the inspector. If you're a renter you may not know about all the other things you should put in as contingencies, or inspect for...
by jfn111
Wed Jan 10, 2018 3:01 pm
Forum: Personal Finance (Not Investing)
Topic: Lowball offer on a home
Replies: 82
Views: 6881

Re: Lowball offer on a home

There is nothing wrong with "low ball offers" if there is validity to the offer. A seller can ask anything for a house but that doesn't mean they will get their price. I run comps for my clients and we come up with a reasonable offer and present it. If it happens to be 20% less than the asking price...
by jfn111
Mon Jan 08, 2018 9:22 am
Forum: Forum Issues and Administration
Topic: Help me understand question-less financial status (e.g. "2 comma club") threads.
Replies: 175
Views: 8423

Re: Help me understand question-less financial status (e.g. "2 comma club") threads.

My 2 cents is I like those threads. It's a long slog through years of savings for most of us to get there. 99% of all the financial questions have been answered 50 times and if you want to take Moderation to the ultimate end you could have a Bot that responds to almost every question with "Read the ...
by jfn111
Sun Jan 07, 2018 8:22 am
Forum: Personal Finance (Not Investing)
Topic: How much are you putting in a 529?
Replies: 111
Views: 7359

Re: How much are you putting in a 529?

The wife and I started 529 plans for our 2 grandchildren. Nothing earth shattering, $1000 to start and $100 dollars per month, per kiddo. MN has now instituted a $3000 state deduction so we will make an extra payment to get to $1500 per kid each year. We opened them up when each of the GK's were bor...
by jfn111
Sat Jan 06, 2018 12:57 pm
Forum: Personal Consumer Issues
Topic: How to browse specifically for homes with "mother-in-law suite"?
Replies: 29
Views: 1815

Re: How to browse specifically for homes with "mother-in-law suite"?

My local MLS's public website does not make this easy, you would literally have to read the description of every house listing in the target area. I just double checked my MLS fields and we can't do a search either for Mother In Law Suites. (Or anything close). I would have to do a keyword search i...
by jfn111
Fri Jan 05, 2018 7:20 am
Forum: Investing - Theory, News & General
Topic: Hypothetical question: Will a man who lives forever own the world?
Replies: 23
Views: 1593

Re: Hypothetical question: Will a man who lives forever own the world?

This brought a flashback to college Political Science classes. H.G. Wells- The Sleeper Awakes. A great book! Wikipedia- "The Sleeper Awakes (1910) is a dystopian science fiction novel by H. G. Wells about a man who sleeps for two hundred and three years, waking up in a completely transformed London ...
by jfn111
Tue Jan 02, 2018 4:14 pm
Forum: Forum Issues and Administration
Topic: Slow loading of pages.
Replies: 22
Views: 2015

Re: Slow loading of pages.

Glad to see I'm not alone. I was about to run a virus scan. :shock:
by jfn111
Sun Dec 31, 2017 3:55 pm
Forum: Personal Finance (Not Investing)
Topic: How to take advantage of lowered property value?
Replies: 24
Views: 1553

Re: How to take advantage of lowered property value?

Perhaps you might want to pay for an initial consultation with a real estate attorney if you feel that you overpaid for the property due to a fraudulent lack of disclosure. If "everybody knew" about the tower, that information should have been made available to you prior to making the purchase. Why...
by jfn111
Sat Dec 30, 2017 5:11 pm
Forum: Personal Finance (Not Investing)
Topic: Negotiating Listing Agreement
Replies: 4
Views: 459

Re: Negotiating Listing Agreement

On raw land I wouldn't worry about it. For home sales we don't want people traipsing through the house that aren't qualified buyers.
by jfn111
Sat Dec 30, 2017 4:35 pm
Forum: Personal Consumer Issues
Topic: We bought a house in June, and the ac & furnace system do not work. What should we do?
Replies: 49
Views: 3450

Re: We bought a house in June, and the ac & furnace system do not work. What should we do?

Sadly, Sellers lie all the time. That's why we have the Buyer's get an inspection. The Inspection of course is only as good as the Inspector. A home warranty wouldn't have done any good because the covered items have to be "proven" to be in working order at closing. The first thing the warranty comp...
by jfn111
Tue Dec 26, 2017 2:37 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord vs tenant issue across the country
Replies: 32
Views: 3396

Re: Landlord vs tenant issue across the country

All the stuff about "barely staying there" is nonessential. All the stuff about "medical issues" is also nonessential. And the landlord certainly didn't get "a free month's of rent". OP signed a lease and then broke it within 1 month. Objectively, OP committed the action which led to this issue. No...
by jfn111
Tue Dec 26, 2017 6:54 am
Forum: Personal Finance (Not Investing)
Topic: Landlord vs tenant issue across the country
Replies: 32
Views: 3396

Re: Landlord vs tenant issue across the country

I'm sorry OP but what you posted doesn't make any sense. You signed a lease and now want to get out of it. The $600 charge is probably to cover the landlords costs, plus hassel, in trying to get another tenant in. If they can re-rent the unit then they will let you out of your lease. I used to be a ...
by jfn111
Fri Dec 22, 2017 8:22 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone here purchased a home for cash (no mortgages)?
Replies: 39
Views: 3844

Re: Has anyone here purchased a home for cash (no mortgages)?

I would not advice you to pay cash for home. When you get loan, bank will ask you all sort of document from seller. This will protect you from hidden lien or all sort of mess on that property. When you take loan, seller should provide you some sort of guaranty. you may take loan and paid after sinc...
by jfn111
Thu Dec 21, 2017 1:53 pm
Forum: Personal Consumer Issues
Topic: Toys R Us online order warning
Replies: 21
Views: 1969

Re: Toys R Us online order warning

Pretty obvious BK = Bankruptcy... Were you actually confused? Have never seen "BK" stand for 'Bankruptcy'.....anywhere. Chapter 7 or Chapter 11. I wonder why someone would use the "K" in bankruptcy. "BR" would reflect the phonetics that are inherent to single work abbreviations. Tough crowd. :shock:
by jfn111
Tue Dec 19, 2017 9:01 pm
Forum: Personal Finance (Not Investing)
Topic: Online vs. Local Banks for Mortgage
Replies: 5
Views: 665

Re: Online vs. Local Banks for Mortgage

We've closed a couple of deals where the Buyer's used Quicken. I thought they were very professional and the Buyer's seemed to like them.
by jfn111
Sat Dec 16, 2017 9:55 pm
Forum: Personal Finance (Not Investing)
Topic: Buy home with structural issues
Replies: 51
Views: 3697

Re: Buy home with structural issues

You don't say what your realtor has to say about this? I would ask him /her. This is exactly the sort of thing for which you are paying them. I would not assume that you will be out $100k, at least not without talking to a lawyer. In most case the real estate agents works for the seller and their d...
by jfn111
Sat Dec 16, 2017 11:27 am
Forum: Personal Consumer Issues
Topic: US Postal Service Informed Delivery
Replies: 30
Views: 1886

Re: US Postal Service Informed Delivery

The app and website have not loaded for me all week. I receive the e-mail most days (not every day), but it just says "you have a mailpiece with no picture". I received one of those (mailpiece with no pic messages) yesterday for the first time. For the few days prior to that the email notifications...
by jfn111
Sat Dec 16, 2017 7:02 am
Forum: Personal Consumer Issues
Topic: US Postal Service Informed Delivery
Replies: 30
Views: 1886

Re: US Postal Service Informed Delivery

Same thing here in MN. Either no email or very late after the mail has already come. I went on line yesterday and it said I was getting 4 mail pieces but "scan was unavailable".
by jfn111
Thu Dec 14, 2017 8:34 am
Forum: Investing - Help with Personal Investments
Topic: Reached 50X annual spending. Now what?
Replies: 56
Views: 6227

Re: Reached 50X annual spending. Now what?

I'm 61 with 40X annual spending. I'm comfortable with a 35/65 portfolio.
by jfn111
Wed Dec 13, 2017 10:18 am
Forum: Personal Consumer Issues
Topic: Downsizing - How much to invest in a house before selling?
Replies: 41
Views: 4761

Re: Downsizing - How much to invest in a house before selling?

It really depends on the market you're in. If there are a lot of similar houses that aren't selling fast, that have been updated, then you will need a substantial price reduction to get it sold. Obviously if you're in a market like San Francisco that won't be the case. General rules- Paint and carpe...
by jfn111
Wed Dec 13, 2017 8:43 am
Forum: Investing - Help with Personal Investments
Topic: Anyone own property used solely for Airbnb?
Replies: 9
Views: 1087

Re: Anyone own property used solely for Airbnb?

My kids moved and planned to use their old house for Airbnb. It was a great location 1 block from a lake and about equal distance between downtown and Mall of America. They advertised it and the bookings came fast and furious. The first rental went great but the second group decided to have a party....
by jfn111
Tue Dec 12, 2017 8:36 am
Forum: Personal Consumer Issues
Topic: [Prevent mail theft; sign for USPS Informed Delivery]
Replies: 213
Views: 16876

Re: [Prevent mail theft; sign for USPS Informed Delivery]

When I first signed up for informed delivery I was getting the emails every day at about 8 AM which was pefect timing. Then I started getting them at 10 AM. Now they're coming in the afternoon, yesterday it was at about 3 PM, not long before the actual delivery! You do not have to go to the email. ...
by jfn111
Sat Dec 09, 2017 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Pay taxes on free food?
Replies: 30
Views: 3310

Re: Pay taxes on free food?

I take prospective clients out all the time and I doubt they report it as income. I certainly don't send them a 1099. (I would be a very unpopular Realtor) :shock:
by jfn111
Thu Dec 07, 2017 10:38 am
Forum: Personal Finance (Not Investing)
Topic: House on the market less than a day. Did listing agent commit fraud?
Replies: 56
Views: 7109

Re: House on the market less than a day. Did listing agent commit fraud?

Just a couple of thoughts- Pocket listings have been around for ever. You can sign a listing contract and then have the Seller sign a "withhold". This allows you to quietly market a property without actually putting it in MLS. (This is the only acceptable way to have a "coming soon" sign in MN.) Sel...
by jfn111
Wed Dec 06, 2017 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: Lowering real estate agent costs when selling?
Replies: 34
Views: 2689

Re: Lowering real estate agent costs when selling?

I sold a house FSBO. Realtor lived across the street. I told her that I would pay 3% if she brought a buyer. Folks she was working with wanted to see our house. She refused to show it - told them to call us themselves. They did, we sold it to them, and the realtor across the street got nothing. The...
by jfn111
Tue Dec 05, 2017 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Lowering real estate agent costs when selling?
Replies: 34
Views: 2689

Re: Lowering real estate agent costs when selling?

You can negotiate with any agent/brokerage. Asking is free. They can decline or counter. Just ask, "is it negotiable"? There are a lot of agents and brokerages to work with in most areas. They are salesman competing for your business. How does one offer less to the buyer's agent - put it in the con...
by jfn111
Tue Dec 05, 2017 8:36 pm
Forum: Personal Finance (Not Investing)
Topic: Lowering real estate agent costs when selling?
Replies: 34
Views: 2689

Re: Lowering real estate agent costs when selling?

OP .... irrespective of the cost, do you believe you need a real estate agent to effectively sell your home? Somebody needs to open the door and let them walk through the house. 1% listing agent fee is about $9000. That's fine. 3% buyers agent fee is $27,000, and I think that's too high. Can I just...
by jfn111
Sat Dec 02, 2017 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Should I sell some of my Berkshire stock
Replies: 31
Views: 2919

Re: Should I sell some of my Berkshire stock

I also own Berkshire but it's only 1% of the portfolio. I was also about 15% of portfolio in MO. Having worked there for 33 years I accumulated a lot of stock. Over the last year I've cut that back to 5% and I still feel that's to high. 2018 goal is to get it to 1%. I'll sleep well when MO and BRK a...
by jfn111
Fri Dec 01, 2017 7:44 am
Forum: Personal Consumer Issues
Topic: Price of haircut?
Replies: 194
Views: 10840

Re: Price of haircut?

$17 plus $3 tip here in MN
by jfn111
Mon Nov 27, 2017 8:50 am
Forum: Personal Finance (Not Investing)
Topic: Expecting high income in 2018 ($1m+) looking for advice
Replies: 16
Views: 3234

Re: Expecting high income in 2018 ($1m+) looking for advice

I'm also in the RE business, not commercial though, and we all know the business can be cyclical. I'd work on getting your cash savings up to a point where you can ride out any downturns in the commercial sector.
But, overall congrats. You look like you're doing great. :sharebeer
by jfn111
Mon Nov 20, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Newly built home. sell or rent?
Replies: 29
Views: 1957

Re: Newly built home. sell or rent?

I would sell it. In less you have definite plans to return, trying to be an absentee landlord is probably more hassle than you want.
by jfn111
Fri Nov 17, 2017 8:09 pm
Forum: Investing - Help with Personal Investments
Topic: An enviable problem?
Replies: 33
Views: 4164

Re: An enviable problem?

He was last on the board in Oct. of 2014. I think he moved on.
by jfn111
Thu Nov 16, 2017 1:09 pm
Forum: Personal Consumer Issues
Topic: Basement heating
Replies: 12
Views: 805

Re: Basement heating

I put a small, free standing, gas fireplace in the corner of the basement. The installers had an easy time ducting it to the outside and when I flip the switch it heats up the basement in about 5 minutes.
I had tried the baseboard heaters but never felt warm with them.
by jfn111
Sun Nov 12, 2017 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Getting a home mortgage without spouse?
Replies: 43
Views: 2894

Re: Getting a home mortgage without spouse?

Actually, one spouse buying the property isn't that uncommon. I've had to redo PA's, several times, when the lender calls and tells me to remove one party from the agreement. In MN it takes one signature to buy but two to sell (If married).
by jfn111
Sat Nov 11, 2017 6:45 pm
Forum: Investing - Theory, News & General
Topic: Do you keep anything in your portfolio as a monument to your bad decisions?
Replies: 69
Views: 5268

Re: Do you keep anything in your portfolio as a monument to your bad decisions?

I thought I would play around with Marijuana stocks. :oops: INAR INTERNETARRAY INC 250,000 $0.00017 N/A $25.00 7 N/A $158.95 -$133.95 -84.27% Schwab Equity Rating NC Only $150 bucks worth but a good reminder. sometimes stocks can go up in smoke. you gotta look beyond the weeds to find a good stock ...
by jfn111
Sat Nov 11, 2017 7:21 am
Forum: Personal Finance (Not Investing)
Topic: Isn't it safer to NOT sign Credit card?
Replies: 97
Views: 6860

Re: Isn't it safer to NOT sign Credit card?

I had large four figure fraud on my CC and it turned into a fight between my CC company and the brick and mortar store that actually gave the perp the product, with me caught in the middle. It turned into a ridiculous hassle with the CC company almost being accusatory towards me at one point :annoy...
by jfn111
Fri Nov 10, 2017 8:04 pm
Forum: Investing - Theory, News & General
Topic: Do you keep anything in your portfolio as a monument to your bad decisions?
Replies: 69
Views: 5268

Re: Do you keep anything in your portfolio as a monument to your bad decisions?

I thought I would play around with Marijuana stocks. :oops:
INAR
INTERNETARRAY INC 250,000 $0.00017 N/A $25.00 7 N/A $158.95 -$133.95 -84.27% Schwab Equity Rating NC
Only $150 bucks worth but a good reminder.
by jfn111
Fri Nov 10, 2017 10:46 am
Forum: Personal Finance (Not Investing)
Topic: Personal letters to the sellers of your house can work!!!
Replies: 74
Views: 8553

Re: Personal letters to the sellers of your house can work!!!

Never say never, but I am 99% certain I will never: make an offer above asking price or waive inspection contingency. Those are two things I'm just not comfortable with and I'm willing to miss out on any house that requires it. The pre inspection was literally the same thing as a full inspection ex...
by jfn111
Wed Nov 08, 2017 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Did you tell anyone you paid off your mortgage?
Replies: 338
Views: 38444

Re: Did you tell anyone you paid off your mortgage?

I had the mortgage burning party when I was 53 and then retired from mega corp 2 years latter. I don't regret it a bit, it was a fun party. :sharebeer
by jfn111
Sun Nov 05, 2017 9:45 am
Forum: Personal Consumer Issues
Topic: Contract on Home Question
Replies: 14
Views: 1011

Re: Contract on Home Question

If I'm reading your post correctly it's just a simple Inspection Contingency. In MN we usually give the Buyer's 10 days to complete the Inspection. During that 10 days it's a virtual "get out of jail free card" for the Buyer because they can back out, and get their earnest money back, for any minor...
by jfn111
Sun Nov 05, 2017 8:01 am
Forum: Personal Consumer Issues
Topic: Contract on Home Question
Replies: 14
Views: 1011

Re: Contract on Home Question

If I'm reading your post correctly it's just a simple Inspection Contingency. In MN we usually give the Buyer's 10 days to complete the Inspection. During that 10 days it's a virtual "get out of jail free card" for the Buyer because they can back out, and get their earnest money back, for any minor ...
by jfn111
Sat Nov 04, 2017 9:39 am
Forum: Personal Consumer Issues
Topic: Projector Setup in Basement
Replies: 24
Views: 1578

Re: Projector Setup in Basement

Hi All, My wife and I want to treat each other to a projector setup in the basement for this Christmas. Does anyone have a set up like this? What brands do you recommend? What other cables/accessories will I need to have the optimal setup? We will likely have seating about 8-10 feet from where we w...