Search found 189 matches

by Hulu
Thu Aug 22, 2019 9:46 am
Forum: Personal Consumer Issues
Topic: House flooding due to heavy rains, injury and landlord's response
Replies: 34
Views: 2836

Re: House flooding due to heavy rains, injury and landlord's response

Landlord here. I’d read your state provided tenants’ right guidelines if there is one. And contact a contingency-based personal injury attorney with extensive tenant experience. And weigh what you want. If you don’t need the money maybe just get out and concentrate on life and the newborn. In the fu...
by Hulu
Tue Aug 20, 2019 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Are there advantages to being married to a teacher?
Replies: 108
Views: 6257

Re: Are there advantages to being married to a teacher?

In MA, teachers can attend state universities free of charge. If they complete a higher degree, they get an instant raise. I've been in private companies all of my life and have worked to get 3 degrees. Each time, I received no raise whatsoever and my only path to being paid more was to leave and f...
by Hulu
Sun Aug 11, 2019 11:21 am
Forum: Personal Investments
Topic: We should not buy a condo in the Boston area, right?
Replies: 9
Views: 1202

Re: We should not buy a condo in the Boston area, right?

Leveraged real estate in a place you really believe will grow in population/wealth could really jump start or really sink you. If it cash flows well from the start and fits your family than it possibly makes sense. Selling a place is 4-6% of the sales price unless you do it yourself. It really depen...
by Hulu
Wed Aug 07, 2019 10:53 pm
Forum: Personal Consumer Issues
Topic: Boston for a few hours with young kids
Replies: 20
Views: 923

Re: Boston for a few hours with young kids

Duck tours, swan boats, ferry Faneuil Hall if nice outside. Boston Children’s Museum or Boston Aquarium if raining/hot
by Hulu
Wed Jul 31, 2019 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: How do you decide what car to buy for your kid
Replies: 91
Views: 3888

Re: How do you decide what car to buy for your kid

My parents gave me their worst Honda/Toyota and bought themselves a better car. That set a good tone, kept me safe and taught me to appreciate reliable cars. And so for my first car I bought a Chrysler minivan haha. So far so good
by Hulu
Thu Jul 25, 2019 9:36 pm
Forum: Personal Finance (Not Investing)
Topic: Update with Part 2: What would it take for you, the non-landlord, passive-investor, to become a landlord?
Replies: 57
Views: 4261

Re: Update with Part 2: What would it take for you, the non-landlord, passive-investor, to become a landlord?

I’d get neighborhood comps. If it’s just for the land don’t touch it. If someone is much more likely to buy to live in maybe keep it simple and move in ready. Curb appeal. Clean. Freshly painted with neutral contemporary colors. Nothing falling down. If anyone is really capable and interested you co...
by Hulu
Thu Jul 25, 2019 9:24 pm
Forum: Personal Consumer Issues
Topic: Selling A Car
Replies: 19
Views: 1537

Re: Selling A Car

Craigslist fetched $6k for an old RAV4 vs. $4k from CarMax. There are some serious characters so if you don’t like the sound of someone don’t meet them. I’d price it fairly, clean the car and have a full tank. And meet somewhere safe and screen hard. Good luck!
by Hulu
Wed Jul 24, 2019 8:55 pm
Forum: Personal Finance (Not Investing)
Topic: Update with Part 2: What would it take for you, the non-landlord, passive-investor, to become a landlord?
Replies: 57
Views: 4261

Re: What would it take for you, the non-landlord, passive-investor, to become a landlord?

If I’m reading it right timeline is unknown. So you could be getting the $600k twenty years from now. Let’s say it’s worth $150k current value. Say $2.650M worth of equity with this house returns $8500 per month...or $100k. That’s like 4%. AND you have to landlord? I’d sell unless you plan on levera...
by Hulu
Thu Jul 18, 2019 11:21 am
Forum: Personal Consumer Issues
Topic: Has anyone seen the documentary "Playing with FIRE?"
Replies: 214
Views: 17834

Re: Has anyone seen the documentary "Playing with FIRE?"

A bunch of BostonFI and Boston MMM folks went to the screening. Didn’t hear anything amazing or terrible about it. They said the focus was a little bit exaggerated on frugality. I’d like to see it. And yes, people making money from something adds an element of skepticism. But how else would someone ...
by Hulu
Thu Jul 18, 2019 11:21 am
Forum: Personal Consumer Issues
Topic: Has anyone seen the documentary "Playing with FIRE?"
Replies: 214
Views: 17834

Re: Has anyone seen the documentary "Playing with FIRE?"

A bunch of BostonFI and Boston MMM folks went to the screening. Didn’t hear anything amazing or terrible about it. They said the focus was a little bit exaggerated on frugality. I’d like to see it. And yes, people making money from something adds an element of skepticism. But how else would someone ...
by Hulu
Tue Jul 16, 2019 7:40 am
Forum: Personal Finance (Not Investing)
Topic: House not appraising for amount we were offered!
Replies: 137
Views: 13902

Re: House not appraising for amount we were offered!

This happened to my friend earlier this year. First off congrats on the selling price. It’s a great situation to be in. Sorry if it’s stressful for you. My friend’s potential buyer got a second appraisal. And had his realtor walk the appraiser through the home pointing out the good things. And givin...
by Hulu
Mon Jul 08, 2019 7:21 pm
Forum: Personal Finance (Not Investing)
Topic: Invest in rental property while still renting?
Replies: 13
Views: 989

Re: Invest in rental property while still renting?

I did this but with monthly rent to total price ratios of 1% to 1.6%. I wouldn’t recommend lower ratios than that because you could end up paying to be a landlord. It worked out really well for me so far. Curious. What "net" annual CAP rate? j I don’t remember. My first investment reminds me of the...
by Hulu
Mon Jul 08, 2019 4:32 pm
Forum: Personal Finance (Not Investing)
Topic: Invest in rental property while still renting?
Replies: 13
Views: 989

Re: Invest in rental property while still renting?

I did this but with monthly rent to total price ratios of 1% to 1.6%. I wouldn’t recommend lower ratios than that because you could end up paying to be a landlord. It worked out really well for me so far.
by Hulu
Sun Jul 07, 2019 7:47 pm
Forum: Personal Consumer Issues
Topic: Is Grass-fed milk worth it?
Replies: 82
Views: 4274

Re: Is Grass-fed milk worth it?

I give my daughter grass-fed milk. I don’t think it’s great to use cows for their milk so will switch to organic almond milk soon. If you read about the mass produced milk process it’s pretty gruesome and probably unhealthy for humans after a certain age. Hormones and antibiotics don’t seem healthy.
by Hulu
Mon Jul 01, 2019 9:56 am
Forum: Personal Consumer Issues
Topic: Frontier or Spirit Airlines
Replies: 63
Views: 4839

Re: Frontier or Spirit Airlines

Canceled flights are the major drawback because they have so few each day. If cancelation is either unlikely or unimportant I have found both to be great values.
by Hulu
Tue Jun 25, 2019 12:08 am
Forum: Personal Consumer Issues
Topic: Chrysler Pacifica - Yes or No
Replies: 29
Views: 2026

Re: Chrysler Pacifica - Yes or No

I love my Pacifica Hybrid. And my friends love their Pacifica. My sister, friends and other friends love their Odyssey’s. Neighbor loves her Sedona. Friends loathes her Sienna (sliding door keeps breaking). It has a lot to do with luck and reliability though...so too soon to tell. Chrysler service h...
by Hulu
Sat Jun 22, 2019 8:09 pm
Forum: Personal Finance (Not Investing)
Topic: Frugal or cheap?
Replies: 106
Views: 9320

Re: Frugal or cheap?

Sounds like you’d invest if not? So depends how strongly your wife’s preference is. I do not like contractor noise or the distraction of managing one. But I guess moving would be a distraction too. I’d probably do it provided I loved the contractor. That way you get the enjoyment longer
by Hulu
Sat Jun 22, 2019 7:55 pm
Forum: Personal Investments
Topic: Scared about investing large amount of money
Replies: 24
Views: 2603

Re: Scared about investing large amount of money

I usually try and figure out what the fear is. And if it’s helpful or not. Then try to imagine what the clearest and bravest big hearted version of me would do
by Hulu
Sat Jun 22, 2019 2:50 pm
Forum: Personal Investments
Topic: Real Estate investment guidance needed
Replies: 17
Views: 1659

Re: Real Estate investment guidance needed

Kudos to you for having the end in mind. And for being willing to read/research. That puts you ahead. I’d recommend:

The Rich Dad’s big real estate book

Greg Keller or Heller

Coach Carson

Investfourmore
by Hulu
Sat Jun 22, 2019 1:45 pm
Forum: Investing - Theory, News & General
Topic: Study: The Rate of Return on Everything, 1870-2015
Replies: 188
Views: 34906

Re: Study: The Rate of Return on Everything, 1870-2015

I think people miss the time value and leverage explosiveness of real estate. A 22 year old in some place like Columbus could conceivably buy a $400k four-family for $15k. And that property could easily return an average of 20% between appreciation, income and reinvested profits. And she could rinse...
by Hulu
Sat Jun 22, 2019 1:28 pm
Forum: Personal Consumer Issues
Topic: what was your worst major purchase? mine is a 2019 mazda3
Replies: 182
Views: 16574

Re: what was your worst major purchase? mine is a 2019 mazda3

Foolishly paid off some grad school debt (library sciences...yeesh) and funded a Roth IRA for a now ex-girlfriend. Very glad we didn’t get married.
by Hulu
Tue Jun 18, 2019 1:05 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 76
Views: 6586

Re: Buying a "new" car - Advice pls

You’re so young that an extra $10k now could easily be worth $2M-$5M later in life. I’d expand the search to include the 2015+ Kia Forte and buy used. Whatever you buy please inspect it and drive it safely. Good luck! You’re so young that an extra $10k now could easily be worth $2M-$5M later in lif...
by Hulu
Tue Jun 18, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: Verizon to Xfinity Mobile for Cell Services
Replies: 13
Views: 964

Re: Verizon to Xfinity Mobile for Cell Services

$15 a month is good. I’m a few months in and had call drops early on but none anymore.
by Hulu
Tue Jun 18, 2019 9:16 am
Forum: Personal Finance (Not Investing)
Topic: Two comma club members and Community College
Replies: 8
Views: 1261

Re: Two comma club members and Community College

After freshman year I transferred out of a private college to a public one. Less expensive and more my style. Decades later I have great friends from both. And I’m glad to have two experiences. Had I gone to school locally I think I would have more wealth and a smaller perspective but it’s really ha...
by Hulu
Sun Jun 16, 2019 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Teaching a 4 Year old donating with quarters
Replies: 13
Views: 1246

Re: Teaching a 4 Year old donating with quarters

One of the best questions I’ve ever read. I have the same question for my four year old. Tactile and tangible experiences seem to resonate. And money is hard to understand for little kids and adults alike. I’d like to have her buy a homeless person food one day. And she currently packs food at a foo...
by Hulu
Fri Jun 14, 2019 10:41 am
Forum: Personal Consumer Issues
Topic: Buy Mini-Van Tomorrow or No?
Replies: 59
Views: 3483

Re: Buy Mini-Van Tomorrow or No?

Third kids are unfortunately never guaranteed so I’d hold off until you need something. I have a Pacifica Hybrid and love it so far in year two. I would in retrospect buy a used 2017/2018 Kia Sorrento because it’s a simpler car, more reliable and I’ve heard Chrysler’s customer service is poor. It’s ...
by Hulu
Fri Jun 14, 2019 10:30 am
Forum: Personal Consumer Issues
Topic: Alternatives to car rental for three months?
Replies: 57
Views: 4078

Re: Alternatives to car rental for three months?

- Talk with a used car dealership - Buy a used car and sell it - Ask someone selling their used car (or an elderly person) to rent it to you for three months and then give it back to them to sell - Foreign grad student going home for the summer - find groups of people (students, teachers) that might...
by Hulu
Fri Jun 14, 2019 9:15 am
Forum: Personal Consumer Issues
Topic: What would your housing preference be with 4 kids?
Replies: 41
Views: 3075

Re: What would your housing preference be with 4 kids?

I grew up as one of four siblings in a ranch. The kids were split two per floor. I’m much closer to the same-floor sibling. And would try for a layout to encourage the kids to work together and bond. And I’d second the advice that parental harmony and parenting skill/consistency are more important.
by Hulu
Thu Jun 13, 2019 8:54 am
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 11513

Re: Retired at 35 and have no friends :(

It’s hard feeling isolated from the laughter, love and generosity of caring friends. My mentor’s advice was to “give back”. And so I started volunteering, working so I could donate and being a more generous friend. Stuff like asking friends what they love about their spouses. Listening. Showing appr...
by Hulu
Mon Jun 10, 2019 2:18 pm
Forum: Personal Consumer Issues
Topic: Anything you wish you had spent money on when you were younger?
Replies: 73
Views: 7429

Re: Anything you wish you had spent money on when you were younger?

A meditation retreat would have probably been really helpful. Healthier food. A service trip.
by Hulu
Sat Jun 08, 2019 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Paying for rent is throwing away money...myth?
Replies: 302
Views: 19953

Re: Paying for rent is throwing away money...myth?

Renting allowed me to save so much time and money. And only once out of six times did I have to move because the landlord wanted the property for themselves. Only now with kids do I want a stable, suburban, single family that seems easier to find as a purchase.
by Hulu
Sun Jun 02, 2019 5:42 pm
Forum: Personal Investments
Topic: What percent of your assets do you have in investment property (excluding your personal residence)?
Replies: 73
Views: 3283

Re: What percent of your assets do you have in investment property (excluding your personal residence)?

70%. Much higher returns, much more work. I like that I know what I’m dealing with vs. corporations that may be hurting the environment or tolerating sexual harassment. I also like the faster growth vs. stocks so I can donate more. And the options of housing family down the road. And employing peopl...
by Hulu
Sun May 19, 2019 11:14 am
Forum: Personal Finance (Not Investing)
Topic: Very High Net Worth, elite private or “good” public
Replies: 278
Views: 18627

Re: High net worth, elite private or “good” public

I feel like whichever system teaches your children the values you care about. And each kid may have different opportunities. Pros of public for my values: some types of inclusion, $ savings, diversity, humility, less externally competitive, child can more easily stick out, compassionate cons: distra...
by Hulu
Wed May 15, 2019 11:49 pm
Forum: Personal Investments
Topic: If you are already wealthy, what keeps you motivated?
Replies: 101
Views: 12266

Re: If you are already wealthy, what keeps you motivated?

Helped my dad shovel mulch for six hours today. Good company, good weather and we had a laugh when he dropped my already cracked phone and pretended he broke it. That’s my motivation
by Hulu
Tue May 14, 2019 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a "new" car - Advice pls
Replies: 76
Views: 6586

Re: Buying a "new" car - Advice pls

You’re so young that an extra $10k now could easily be worth $2M-$5M later in life. I’d expand the search to include the 2015+ Kia Forte and buy used. Whatever you buy please inspect it and drive it safely. Good luck!
by Hulu
Sun May 12, 2019 10:09 am
Forum: Personal Consumer Issues
Topic: What non frugal things save money?
Replies: 84
Views: 10887

Re: What non frugal things save money?

1. Giving up income to raise kids that are emotionally strong
2. A house that supports my values
3. A safe car
4. A tennis racquet that protects your body
5. Shoes that protect your body
6. A tennis membership that keeps you healthy and broadens your network
7. Books
8. Philanthropy
by Hulu
Fri May 10, 2019 8:51 pm
Forum: Personal Finance (Not Investing)
Topic: Potential Real Estate Rental Investment
Replies: 11
Views: 1124

Re: Potential Real Estate Rental Investment

Your mm and home equity aren’t doing much for you however I’d triple check your assumptions on the future popularity of the location. And ask yourself about your end game. You only listed piti which is only part of the equation. Your time is worth a lot so maybe go forward if you’re buying ten of th...
by Hulu
Thu May 09, 2019 1:01 pm
Forum: Personal Consumer Issues
Topic: Cell Phone Plan/Carrier Recommendation?
Replies: 59
Views: 6257

Re: Cell Phone Plan/Carrier Recommendation?

Just switched to Xfinity Mobile from Republic Wireless. Both around $15 for 1gb however Xfinity works on iPhones and is on Verizon. Now after reading this thread I may switch to Redpocket, love how much prices have gone down!
by Hulu
Mon May 06, 2019 3:46 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house without a realtor
Replies: 49
Views: 4810

Re: Buying a house without a realtor

Pros:

1.). More likely to get the house if bidding war
2.). Potential discount on house
3.). More available times to schedule tours

Cons:

1.). You may overlook something that an experienced person may help discover issues
2.). You may waste time on houses you don’t know aren’t good for you
by Hulu
Sat Apr 27, 2019 9:40 pm
Forum: Personal Consumer Issues
Topic: Minivan alternatives?
Replies: 48
Views: 3340

Re: Minivan alternatives?

I bought the Pacifica Hybrid and it's been great for the first 1 1/2 years. The many pros are the quiet, vision, mpg, comfort, plug-in, state/fed rebates and looks. The cons were it smelled like a new car for many months, low warranty, the brand and reliability is unproven. Though I plan on driving ...
by Hulu
Sat Apr 27, 2019 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: Daughter's First Job
Replies: 45
Views: 3826

Re: Daughter's First Job

I'd congratulate her and advise her to follow her heart, her gut and her head. And perhaps look a couple levels up and do the same. Saving housing money that young is an unbelievable opportunity, good on you for offering.
by Hulu
Mon Apr 22, 2019 3:09 pm
Forum: Personal Finance (Not Investing)
Topic: [2018 tax return - How does it compare to previous years?]
Replies: 441
Views: 32650

Re: How did you feel about your 2018 tax returns?

The past few years I've felt that I should use something other than big tax software. Our taxes should be done automatically for us. We have better things to do!
by Hulu
Thu Apr 18, 2019 11:51 am
Forum: Personal Finance (Not Investing)
Topic: Marriage and Student Loans
Replies: 62
Views: 4327

Re: Marriage and Student Loans

Perhaps moderate your views on debt and just pay off debt you can't easily ourperform? At some interest rate debt is helpful. Different for everyone
by Hulu
Mon Apr 15, 2019 5:03 pm
Forum: Personal Investments
Topic: $1.1 million rental portfolio, but tired of being a landlord
Replies: 87
Views: 11335

Re: $1.1 million rental portfolio, but tired of being a landlord

What would your back up plan be? If it's not significantly better than your current setup maybe don't change. And perhaps breakdown what you don't like about the job and outsource it. Property managers vary in greatly skill and stability. If you can find a 7 out of 10 that's really good. I found exp...
by Hulu
Sun Apr 14, 2019 9:22 am
Forum: Personal Consumer Issues
Topic: Is there a good website(s) or resources for used car reviews?
Replies: 24
Views: 1604

Re: Is there a good website(s) or resources for used car reviews?

It's easy to overthink. Something reliable, with inexpensive repairs and is crashworthy. I like US News and the Lemon Aide guide.
by Hulu
Sat Apr 06, 2019 9:24 am
Forum: Personal Finance (Not Investing)
Topic: Married couples: can you have a team mentality with separate finances?
Replies: 183
Views: 9007

Re: Married couples: can you have a team mentality with separate finances?

So many good ideas including therapy. To answer your stated question to feel like a team each partner "believes in both each other, the marriage, argues constructively and the plan". If your marriage is really a priority to both of you a good therapist or even marriage book would go a long way. I th...
by Hulu
Thu Apr 04, 2019 12:16 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord looking to buy out my lease. Whats a reasonable price?
Replies: 73
Views: 5306

Re: Landlord looking to buy out my lease. Whats a reasonable price?

I'd quickly figure out a happy number and ask nicely for what you think they'll offer. For me I'd want to have a long period to find the right place unless there were tons of good options. If I were $600 under market with four months left I think I'd want a months rent for the trouble. So $5k plus i...
by Hulu
Wed Mar 27, 2019 11:05 pm
Forum: Personal Investments
Topic: Debating renting our house after we move (also, financial assessment?)
Replies: 14
Views: 929

Re: Debating renting our house after we move (also, financial assessment?)

$2500 in rent for a $400k+ property? In 2016 I paid the same for a four family that grossed $5200. I'd sell unless you are forecasting huge rent growth.
by Hulu
Wed Mar 27, 2019 3:17 pm
Forum: Personal Investments
Topic: Ready to FIRE (But Vultures Be Circling)
Replies: 80
Views: 10844

Re: Ready to FIRE (But Vultures Be Circling)

I'd invest heavily in your marriage. And perhaps keep liquid for a year until you're comfortable with your plan.
by Hulu
Tue Mar 26, 2019 9:51 am
Forum: Personal Finance (Not Investing)
Topic: Need buying rental property from family advice
Replies: 16
Views: 1040

Re: Need buying rental property from family advice

Is it the best deal you can find? Working with family aside you lose a lot of leverage by giving $75k in cash over five years. I guess you could refi however you have future interest rate risk. I'd pass unless you have an amazing relationship with your family. And if it's the deal of the century for...