Search found 796 matches

by jfn111
Mon Nov 20, 2017 12:47 pm
Forum: Personal Finance (Not Investing)
Topic: Newly built home. sell or rent?
Replies: 29
Views: 1581

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: 4032

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: 735

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: 2617

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: 4750

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: 6256

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: 4750

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: 72
Views: 7256

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: 328
Views: 34787

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: 888

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: 888

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: 1430

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...
by jfn111
Sun Oct 29, 2017 10:59 am
Forum: Personal Consumer Issues
Topic: Worry About Home Title Fraud?
Replies: 23
Views: 2010

Re: Worry About Home Title Fraud?

Title fraud is pretty rare and usually handled through Title Insurance when you bought the house.
by jfn111
Sat Oct 28, 2017 8:31 pm
Forum: Local Chapters and Bogleheads Community
Topic: Minnesota BH Qtrly Meeting 10-28-17
Replies: 15
Views: 1507

Re: Minnesota BH Qtrly Meeting 10-28-17

Excellent meeting today. Thanks to all that organized it and led the discussions. :sharebeer
by jfn111
Fri Oct 27, 2017 2:41 pm
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Products
Replies: 15
Views: 1264

Re: First Time Home Buyer Products

Please note-most Bogleheads would suggest you live in a single wide trailer until you can put 50% down. :oops: Come now. Most are reasonable and at least recommend a double wide. :D I almost wrote double wide but I'm pretty sure a couple of the curmudgeons would think that extravagant. :sharebeer
by jfn111
Fri Oct 27, 2017 7:26 am
Forum: Personal Finance (Not Investing)
Topic: First Time Home Buyer Products
Replies: 15
Views: 1264

Re: First Time Home Buyer Products

I can only speak for Mpls but I'm sure many areas around the country have similar programs. Here we have what are basically neighborhood stabilization funds. Neighborhoods that have a high percentage of renters, where they want to get more owner occupants, have monies available for everything from d...
by jfn111
Wed Oct 25, 2017 7:53 am
Forum: Personal Consumer Issues
Topic: Do I Need a Chimney Cap?
Replies: 28
Views: 1877

Re: Do I Need a Chimney Cap?

Everytime I go out with an inspector for a buyer's inspection he always checks for the chimney cap. They will keep the critters and rain out and cost very little.
Home Depot has them starting at $30 bucks.
Pretty cheap insurance. :beer
by jfn111
Mon Oct 23, 2017 6:31 am
Forum: Personal Finance (Not Investing)
Topic: Mortgage Financing with no Credit Score
Replies: 30
Views: 1581

Re: Mortgage Financing with no Credit Score

I was just talking with one of my local mortgage guys about a customer with a similar problem. He said it wasn't a "big deal" that he can build a score with copies of paid bills and check stubs.
A credit union or an independent mortgage broker might be your best bet.
by jfn111
Sat Oct 21, 2017 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: 2 comma club
Replies: 8
Views: 1523

Re: 2 comma club

Congratulations :sharebeer
by jfn111
Sat Oct 21, 2017 4:30 pm
Forum: Personal Consumer Issues
Topic: What service do you pay for that you could easily do yourself?
Replies: 57
Views: 4810

Re: What service do you pay for that you could easily do yourself?

This year we hired a lawn care service for the first time. This isn't for mowing, just for weed killing and fertilization. I must admit they did a better job then I did so we'll probably contract again for next year.
by jfn111
Mon Oct 02, 2017 9:01 am
Forum: Local Chapters and Bogleheads Community
Topic: Retirement Class of 1998 (Sheepdog's Experience)
Replies: 45
Views: 4292

Re: Retirement Class of 1998 (Sheepdog's Experience)

Great post Sheepdog. This group has been a god send to help plan for retirement.
by jfn111
Sun Oct 01, 2017 6:08 am
Forum: Personal Finance (Not Investing)
Topic: Moving from one paid-for house to another
Replies: 22
Views: 2035

Re: Moving from one paid-for house to another

You sell your house first and negotiate a rent-back from the buyer for while you're looking for the new place. I disagree if the property you are selling is as hot as described, Then find the house your wife wants first so there is no pressure to hurry up. Put in a good offer on property B continge...
by jfn111
Sat Sep 30, 2017 7:54 am
Forum: Investing - Theory, News & General
Topic: 2017 BOGLEHEAD CONTEST -- Third Quarter Leaders
Replies: 13
Views: 1970

Re: 2017 BOGLEHEAD CONTEST -- Third Quarter Leaders

495th place. I suck at guessing the market. :oops:
by jfn111
Fri Sep 29, 2017 12:33 pm
Forum: Personal Finance (Not Investing)
Topic: Two Comma Club
Replies: 17
Views: 4381

Re: Two Comma Club

Wow, all in 4 years. Well done!
by jfn111
Sun Sep 24, 2017 8:46 am
Forum: Personal Finance (Not Investing)
Topic: The right offer on a home
Replies: 10
Views: 1171

Re: The right offer on a home

One bedroom homes are very difficult to sell. (2 bedroom homes aren't a picnic either). Have your Realtor run comps on the land and start from there. If he's into the property for $232,000 then you have a lot of room to play vs a $329,000 asking price.
Don't be afraid to start low and let him counter.
by jfn111
Fri Sep 22, 2017 6:41 am
Forum: Personal Finance (Not Investing)
Topic: Realtor to buy home?
Replies: 36
Views: 3079

Re: Realtor to buy home?

Before we bought a house, we saw one we were interested in before we had an agent. We then engaged an agent with an agreement that she would rebate part of her commission to us if we bought that particular house. She then represented us, arranged a showing, made an offer, etc. We ended up buying th...
by jfn111
Thu Sep 21, 2017 9:05 am
Forum: Personal Finance (Not Investing)
Topic: Realtor to buy home?
Replies: 36
Views: 3079

Re: Realtor to buy home?

I just want to add that the commission is rarely split evenly between listing agent and buyer's agent. The usual rate offered to the buyer's agent is 2.5% - 2.7% (at least here in Minneapolis). Depending on the negotiated rate between the seller and her agent the listing agent is usually making more...
by jfn111
Thu Sep 21, 2017 7:33 am
Forum: Personal Finance (Not Investing)
Topic: Realtor to buy home?
Replies: 36
Views: 3079

Re: Realtor to buy home?

My son is looking to buy a home and I'm just wondering if it's beneficial to work with a Realtor when buying? I do see the value working with a Realtor when selling but unsure when buying. With site's like Trulia and Zillow it's very easy to look for homes. Any help would be appreciated. It's usual...
by jfn111
Fri Sep 01, 2017 8:00 am
Forum: Investing - Theory, News & General
Topic: Larry Swedroe: Active Loser's Game Also A Trap
Replies: 1
Views: 493

Re: Larry Swedroe: Active Loser's Game Also A Trap

Good Article. Thanks for sharing. :beer
by jfn111
Wed Aug 30, 2017 7:26 am
Forum: Personal Finance (Not Investing)
Topic: How do you know you're not being scammed when buying a house?
Replies: 33
Views: 3403

Re: How do you know you're not being scammed when buying a house?

What you need to worry about is wiring your closing proceeds to the right place. https://www.consumerfinance.gov/about-us/blog/buying-home-watch-out-mortgage-closing-scams/ It is a real problem. Your realtor/attorney, escrow company and lender should be talking to you. I'll second this. Verify with...
by jfn111
Tue Aug 29, 2017 9:02 am
Forum: Investing - Theory, News & General
Topic: Learning from loss
Replies: 23
Views: 2932

Re: Learning from loss

I learned to quit doing stupid stuff. I had invested in a small company, much more to the story, but it cost me about $100,000 to untangle myself. :oops:
Those simple 3 fund portfolios look pretty good after that.
by jfn111
Sat Aug 26, 2017 4:52 pm
Forum: Personal Consumer Issues
Topic: Hiring a real estate agent to buy home
Replies: 21
Views: 1806

Re: Hiring a real estate agent to buy home

I prefer to use a discount broker that will rebate a portion of their commission to me. On my last house I got a rebate for 2% of the purchase price. I knew the area and the comps so she was just filling in a form and showing up for the inspection and closing. I'll be a 1% Facilitator all day long ...
by jfn111
Thu Aug 17, 2017 7:41 am
Forum: Personal Finance (Not Investing)
Topic: How to compensate realtor if sold by owner?
Replies: 7
Views: 1298

Re: How to compensate realtor if sold by owner?

Accidental landlord here. Thanks for help with past posts. Situation: Tenant is out. Place is clean. No realtor contract is signed but have one lines up we are happy with. I have two seperate acquaintances I would like to show the property to before the contract is signed and maybe get lucky for a ...
by jfn111
Fri Aug 11, 2017 6:45 am
Forum: Personal Consumer Issues
Topic: First time home seller, advice on FSBO, MLS, etc?
Replies: 7
Views: 786

Re: First time home seller, advice on FSBO, MLS, etc?

The first thing you have to decide is if you're going to offer a commission to the Buyer's Agent (Selling Agent). This is usually somewhere between 2.5-3%. The next step, if you want MLS access, is to shop around for a flat fee limited listing company or agent. You can find companies that will put i...
by jfn111
Wed Jul 26, 2017 9:41 am
Forum: Personal Finance (Not Investing)
Topic: Do people really buy foreclosures unseen?
Replies: 21
Views: 2578

Re: Do people really buy foreclosures unseen?

I work with a number of investors and we avoid these properties like the plague. Often the bank wants to hand off their problems to an investor and let them try to evict the occupants. Sure, they can be good deals when everything goes smoothly but, I have also read about evictions that took 5 years...
by jfn111
Wed Jul 26, 2017 7:34 am
Forum: Personal Finance (Not Investing)
Topic: Do people really buy foreclosures unseen?
Replies: 21
Views: 2578

Re: Do people really buy foreclosures unseen?

I work with a number of investors and we avoid these properties like the plague. Often the bank wants to hand off their problems to an investor and let them try to evict the occupants. Sure, they can be good deals when everything goes smoothly but, I have also read about evictions that took 5 years ...
by jfn111
Mon Jun 19, 2017 3:46 pm
Forum: Personal Consumer Issues
Topic: For Sale By Owner HOUSE- Advice Please
Replies: 26
Views: 3490

Re: For Sale By Owner HOUSE- Advice Please

For a full price offer, with no contingencies, I agree with hiring a RE Attorney.
by jfn111
Sun Jun 04, 2017 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Hire a lawyer to file for SSD?
Replies: 13
Views: 1302

Re: Hire a lawyer to file for SSD?

I can only base this on family that went through this but it seems the first step is to file for SSD. Only if you are rejected do you need to contact an attorney. (Every once in awhile the Gov. gets it right :D )
by jfn111
Mon May 08, 2017 7:29 am
Forum: Personal Consumer Issues
Topic: Issue With Real Estate Agent (Seller)
Replies: 58
Views: 6501

Re: Issue With Real Estate Agent (Seller)

I'm bringing a $449,000 house on the market with a 5% commission. The Brokerage I work for requires that we offer at least 2.7% to the Selling Agent (Buyer's Agent) so that leaves me with 2.3%. I do this for all my investors since I helped them buy the house. It sounds like you have 3 comp sales for...
by jfn111
Wed May 03, 2017 7:51 pm
Forum: Personal Finance (Not Investing)
Topic: Downsizing to Apartment
Replies: 25
Views: 3888

Re: Downsizing to Apartment

Levett wrote:Wow.

For just an instant I thought sscritic was back.

Disappointed, for sure.

Lev
+1
by jfn111
Thu Mar 30, 2017 6:58 am
Forum: Personal Consumer Issues
Topic: Do I need an electrician? If so how much would it cost?
Replies: 32
Views: 2699

Re: Do I need an electrician? If so how much would it cost?

Your best route is probably to get an electrician. If you have a light switch there is usually only a "hot" wire running to the switch. The neutral wire only running to the light fixture. You will need to "fish" the neutral wire down to the switch to have a combination switch and...
by jfn111
Mon Mar 27, 2017 12:49 pm
Forum: Personal Finance (Not Investing)
Topic: Sell our house in hot market?
Replies: 14
Views: 1732

Re: Sell our house in hot market?

I'll throw my 2 cents in since I'm familiar with the Twin Cities market. The market is "hot" right now and who knows if this is sustainable or not. We're getting multiple offers the day some houses go on the market. It's a sellers dream and a buyers nightmare. You have half the battle won ...
by jfn111
Wed Mar 22, 2017 2:25 pm
Forum: Personal Consumer Issues
Topic: Do I need title insurance?
Replies: 37
Views: 3135

Re: Do I need title insurance?

I often wonder myself whether or not it's worthwhile but I don't want to be that RE Agent that tells my client they don't need it and something happens. :shock:
by jfn111
Wed Mar 22, 2017 6:52 am
Forum: Personal Finance (Not Investing)
Topic: Wife wants to get into real-estate
Replies: 29
Views: 5296

Re: Wife wants to get into real-estate

I know some RE Agents that are into rehabbing and flipping or renting out the finished product. Some of them do well while others seem to spend all their time putting out fires. I prefer to work with the investors, helping them find the properties, and then just collect my commission check and move ...
by jfn111
Fri Mar 17, 2017 5:31 am
Forum: Personal Finance (Not Investing)
Topic: Purchase and Sale of home: pearls of advice
Replies: 29
Views: 2943

Re: Purchase and Sale of home: pearls of advice

Up here in snowy MN it's called an Inspection Contingency. It's usually 10-14 days where you have the house inspected and you can back out of the contract and still get your earnest money returned. It's a standard provision we put in almost all contracts to protect the buyers.
by jfn111
Sun Mar 12, 2017 6:24 am
Forum: Investing - Help with Personal Investments
Topic: How Many Of You Listen To The Noise?
Replies: 19
Views: 1656

Re: How Many Of You Listen To The Noise?

I usually have CNBC playing on the tv in the background while I'm working in my office. I enjoy reading Martin Armstrong's blog, as well as others, and sometimes I'll get some ideas for my "play money" account. :shock:
by jfn111
Tue Mar 07, 2017 5:50 pm
Forum: Personal Finance (Not Investing)
Topic: How do you use a trust to buy a house?
Replies: 4
Views: 972

Re: How do you use a trust to buy a house?

Depending on the market contingent offers can be a non starter. Unless he lives in a very slow market or wants to buy an odd ball house he will be better off with a short term rental and then make a cash offer on a house.
by jfn111
Fri Mar 03, 2017 6:50 am
Forum: Personal Finance (Not Investing)
Topic: Buying a Cooperative (co-op) unit - Questions to ask
Replies: 29
Views: 4222

Re: Buying a Cooperative (co-op) unit - Questions to ask

The thing that would concern me is what you said "but the coops for my city (unlike NYC) are rare". They are rare in my area also and the few I've taken clients to look at the clients ultimately felt that the whole process was to confusing and wouldn't pursue the purchase. The eventual res...