Search found 328 matches

by MikeZ
Wed Oct 28, 2020 8:15 am
Forum: Personal Consumer Issues
Topic: Economically viable to buy an airplane?
Replies: 29
Views: 3540

Re: Economically viable to buy an airplane?

My two cents: First, I would want to put the first hundred or so hours of training on a rented plane. Second, what's his plan to build hours and how much free time in general does he have? Depending on the second, if I were young and in his shoes I would seriously consider a home build plane like a ...
by MikeZ
Sun Oct 25, 2020 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Paying cash for rental house vs. keeping cash on hand for future primary residence?
Replies: 2
Views: 253

Paying cash for rental house vs. keeping cash on hand for future primary residence?

As some background, my DW and I are temporarily staying in our income property (paid off) for the next couple of years as we fix it up and travel almost full time. Our goal is to buy our long term permanent home when we find it, < 3 years from now. Our total guess is our new home would be $300-$400k...
by MikeZ
Tue Oct 20, 2020 11:02 am
Forum: Personal Finance (Not Investing)
Topic: Moving to Austin
Replies: 35
Views: 2388

Re: Moving to Austin

Also, not sure if your employer would consider a housing allowance to maintain a place in the bay area and a few hours of jet usage.
by MikeZ
Tue Oct 20, 2020 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Moving to Austin
Replies: 35
Views: 2388

Re: Moving to Austin

I looked into Austin. Honestly, did not speak to me. Seems too hot and no real scenery. Lake Travis seemed like the best it got and that was not saying much. Traffic was going to be a major time sink. That said, looks like you can handle a place close to where you work and fly anywhere you want for ...
by MikeZ
Tue Oct 20, 2020 8:48 am
Forum: Personal Consumer Issues
Topic: Security Cameras: Local DVR or Cloud?
Replies: 19
Views: 1064

Security Cameras: Local DVR or Cloud?

I am looking to add some security cameras to our property. Reasons: 1) We have a fence that is close to a road and has been backed over by neighbors cars in the past. We want to capture who did it in the future. 2) To check in on the property when we are away for extended periods of time. The debate...
by MikeZ
Tue Oct 20, 2020 8:43 am
Forum: Personal Finance (Not Investing)
Topic: Tenant modified property and subletting on AirBnB
Replies: 94
Views: 8852

Re: Tenant modified property and subletting on AirBnB

So again, like most, IANAL: What do you think the financial position is of the renter? I know they may not be paying the rent but are they doing that from a cash poor but asset rich position. Where are they living right now? Again, IANAL, but if they are not living here and treating it like a commer...
by MikeZ
Mon Oct 05, 2020 2:02 pm
Forum: Personal Consumer Issues
Topic: How accurate are Zillow on house prices estimates?
Replies: 38
Views: 4950

Re: How accurate are Zillow on house prices estimates?

So I had my home apprised twice and both times they were within less than 1% of the Zillow estimate. I think the key is thinking about how Zillow thinks about things: It's looking for comps in the area and using that as the basis adjusting to attributes it knows. If the comps are easy from a track h...
by MikeZ
Wed Sep 23, 2020 11:26 am
Forum: Personal Consumer Issues
Topic: How big is the used class B RV bubble?
Replies: 8
Views: 1985

Re: How big is the used class B RV bubble?

Ive been thinking of a class B RV. Likely a sprinter based on. I know that prices have gone up and supply is down but I don't know how much on the used market. Im just trying to get a sence for how much I might overpay vs. a year ago. Overpaying is kind of a class B feature, new or used, but what d...
by MikeZ
Tue Sep 22, 2020 11:26 pm
Forum: Personal Consumer Issues
Topic: How big is the used class B RV bubble?
Replies: 8
Views: 1985

How big is the used class B RV bubble?

Ive been thinking of a class B RV. Likely a sprinter based on. I know that prices have gone up and supply is down but I don't know how much on the used market.


Im just trying to get a sence for how much I might overpay vs. a year ago.
by MikeZ
Mon Sep 21, 2020 1:48 pm
Forum: Personal Finance (Not Investing)
Topic: How to discuss with HR that I live in multiple places...
Replies: 28
Views: 4074

Re: How to discuss with HR that I live in multiple places...

Wouldn't it be convenient to get yourself a PO Box at a local post office or UPS store? As a practical matter. I am unsure if I spend 4 weeks somewhere in a short term rental, if I'm going to have to bother to setup a new mailing address, etc. I have no problem using my Florida residency for everyt...
by MikeZ
Mon Sep 21, 2020 1:34 pm
Forum: Personal Finance (Not Investing)
Topic: How to discuss with HR that I live in multiple places...
Replies: 28
Views: 4074

How to discuss with HR that I live in multiple places...

So some backstory. I've worked remote for the past 9 months at my new job. My location at the time of hire was no where near a company office. During the initial interview process my hiring manager was very direct in that 'I could work from anywhere'. Since then I've split my time between two homes ...
by MikeZ
Thu Sep 17, 2020 7:48 pm
Forum: Personal Consumer Issues
Topic: Suggestions on how to spend $300 work exercise equipment credit
Replies: 16
Views: 1298

Suggestions on how to spend $300 work exercise equipment credit

I have a $300 credit from my employer (I can use up to $200 of it towards a fitness tracker).

I was looking for some ideas on some home exercise equipment I should consider purchasing.

I am mostly looking for smaller sized items as we move around a lot.
by MikeZ
Wed Sep 09, 2020 5:50 pm
Forum: Personal Consumer Issues
Topic: Saving on flight schools!
Replies: 20
Views: 1990

Re: Saving on flight schools!

Before you go down the road. I need to ask the question: Why? It's a bucket list item for me too but I'll be the first to say that there are a lot of reasons not to do it and you might want to take those risks off the table before you proceed. 1. Is your goal to get it and keep current? I knew sever...
by MikeZ
Thu Aug 27, 2020 11:32 pm
Forum: Personal Consumer Issues
Topic: "Hobby" Money: Planes, cars, boats etc...
Replies: 113
Views: 7625

Re: Costs to own a plane

Not to sidetrack the discussion, but after seriously looking into the same thing I should add another option: Homebuilt. What got me thinking that way was when I started looking at faster planes that run on mogas and found the RV-10.
by MikeZ
Sun Aug 23, 2020 3:07 pm
Forum: Personal Consumer Issues
Topic: Renting a washer/dryer for a couple of months until I get a deal on a new one?
Replies: 19
Views: 1534

Renting a washer/dryer for a couple of months until I get a deal on a new one?

I wanted to pick everyone's minds. We are going to be spending some time in our second home (it's a rental we are converting to a second home). We are going to be pulling a lot of things our of storage and wanting to wash/dry a lot of stuff right when we get there. That said, we would like to shop a...
by MikeZ
Fri Aug 21, 2020 10:24 pm
Forum: Personal Finance (Not Investing)
Topic: Any way to get actual MCC codes from personal card statements?
Replies: 1
Views: 294

Any way to get actual MCC codes from personal card statements?

I've looked around but not had any luck. Has anyone ever come across a way to pull their personal card statements with the actual merchant MCC codes?
by MikeZ
Wed Aug 05, 2020 9:14 pm
Forum: Personal Consumer Issues
Topic: Snowbirding on the AL/FLA coast?
Replies: 14
Views: 1307

Re: Snowbirding on the AL/FLA coast?

You can, but honestly the winters are cloudy and rainy. I would suggest going further south.
by MikeZ
Mon Aug 03, 2020 10:47 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a vacation home in NC mountains and doing Airbnb. Bad idea?
Replies: 66
Views: 6882

Re: Thinking of buying a vacation home in NC mountains and doing Airbnb. Bad idea?

One thing to remember is that while the mortgage rate is higher, its fully deductible. Except personal usege.
by MikeZ
Mon Aug 03, 2020 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Thinking of buying a vacation home in NC mountains and doing Airbnb. Bad idea?
Replies: 66
Views: 6882

Re: Thinking of buying a vacation home in NC mountains and doing Airbnb. Bad idea?

Unlike others, there is real potential I see here. But I do see one big problem. As someone who literally lives full time in AirBnb's I think that a $600k home should command at least $300-$350/night. I am not sure you are giving indications that you are thinking the market can support that. I often...
by MikeZ
Mon Aug 03, 2020 4:26 pm
Forum: Personal Finance (Not Investing)
Topic: Welp: Going for Bank Account Bonus Gone Wrong
Replies: 16
Views: 2676

Re: Welp: Going for Bank Account Bonus Gone Wrong

I disputed the transactions with Ally saying I am withdrawing my authorization. Not sure that will get me anywhere.
by MikeZ
Mon Aug 03, 2020 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Welp: Going for Bank Account Bonus Gone Wrong
Replies: 16
Views: 2676

Welp: Going for Bank Account Bonus Gone Wrong

So some background. I currently travel full time. That said my residence is in an area served by TD Bank. I currently am about 2,000 miles from the nearest branch. I saw they were running a $500 sign up bonus for a checking and savings account so I signed up. I funded the accounts from my Ally accou...
by MikeZ
Mon Aug 03, 2020 10:30 am
Forum: Personal Consumer Issues
Topic: Any Chase Sapphire Reserve cardholders planning on cancelling?
Replies: 80
Views: 7874

Re: Any Chase Sapphire Reserve cardholders planning on cancelling?

My DW and myself both have CSR's. My AF us due in October. I already zeroed out my UR's. I am really debating cancelling/downgrading mine and just going on my DW's and a AU for $75. I think at $550 AF, it starts to make the Plat additional lounge benefits look better once travel starts again.
by MikeZ
Mon Aug 03, 2020 9:30 am
Forum: Personal Consumer Issues
Topic: Owners of cars with 'autopilot' like features: Do you fly less and drive more for longer trips?
Replies: 31
Views: 2417

Owners of cars with 'autopilot' like features: Do you fly less and drive more for longer trips?

I know this may not be totally applicable for the last few months. For those here that have a car with some sort of auto pilot like feature (Tesla, Cadillac Super Cruise, etc.). Are you finding yourself taking longer road trips to destinations that you would of previously flown to? I am just startin...
by MikeZ
Sun Aug 02, 2020 11:41 pm
Forum: Personal Finance (Not Investing)
Topic: Thoughts on buying a rental and hiring a property management company
Replies: 29
Views: 2608

Re: Thoughts on buying a rental and hiring a property management company

I have had negative experiences with management companies. In generally, investing in real estate is a all about what your goals are. If you shoot for lower end properties, you will make more cash flow but likely not a lot of appreciation and more active management of the tenants. Self-managing vs. ...
by MikeZ
Tue Jul 28, 2020 10:18 pm
Forum: Personal Consumer Issues
Topic: Only tool I've ever used to repair a car is a Visa card: Can I replace a Camry Bumper myself?
Replies: 15
Views: 1536

Only tool I've ever used to repair a car is a Visa card: Can I replace a Camry Bumper myself?

I rubbed a big rock and managed to rip off the bumper of my 2014 Camry XLE. I stuck it back on but some some the clips that hold it on are broken and it's scratched up quite badly. I noticed that it's basically just held on with plastic clips and screws. I also saw online where you can order a repla...
by MikeZ
Mon Jul 27, 2020 10:38 pm
Forum: Personal Finance (Not Investing)
Topic: Creative ways to meet rewards checking transaction requirements?
Replies: 29
Views: 1457

Re: Creative ways to meet rewards checking transaction requirements?

For debit card pin transactions, I have bought gas one gallon at a time.
by MikeZ
Mon Jul 27, 2020 9:45 pm
Forum: Personal Finance (Not Investing)
Topic: At what amount ($) of income does going from Sole Prop to LLC Taxed as S Corp make sense?
Replies: 26
Views: 2239

Re: At what amount ($) of income does going from Sole Prop to LLC Taxed as S Corp make sense?

As a follow-up question: Has anyone found out an online calculator of Sole Proprietor vs. LLC Taxed as an S Corp for a single employee? It seems like you save money on the self-employment tax but don't get the full benefits of QBI. I am just trying to see if there are 'sweet spot' of when it Schedul...
by MikeZ
Mon Jul 27, 2020 7:12 pm
Forum: Personal Finance (Not Investing)
Topic: At what amount ($) of income does going from Sole Prop to LLC Taxed as S Corp make sense?
Replies: 26
Views: 2239

Re: At what amount ($) of income does going from Sole Prop to LLC Taxed as S Corp make sense?

Costs to run an S-Corp are probably in the $2000 a year range or more, with additional cash needed for startup costs. So with back-of-the-envelope math, you're going to need distributions of ~$70,000 to break even under $200k, ~$50,000 above $200k. And the savings are pretty paltry. I run an S-corp...
by MikeZ
Mon Jul 27, 2020 2:50 pm
Forum: Personal Finance (Not Investing)
Topic: At what amount ($) of income does going from Sole Prop to LLC Taxed as S Corp make sense?
Replies: 26
Views: 2239

At what amount ($) of income does going from Sole Prop to LLC Taxed as S Corp make sense?

My DW has been building a business. So far we have been running things as a sole proprietor. Business is very simple accounting wise so Turbotax is doing things just fine for us. In general, I was wondering at what amount of income would the costs and logistics of setting up an LLC taxed as an S-Cor...
by MikeZ
Fri Jul 24, 2020 10:33 pm
Forum: Personal Consumer Issues
Topic: Establishing new PCP Via Telemedicine? Other options for renewing prescriptions?
Replies: 7
Views: 571

Establishing new PCP Via Telemedicine? Other options for renewing prescriptions?

My previous PCP was tied to a medical center associated with my former employer so I have no current PCP. I have a prescription due for renewal in a couple of months but will be moving to a new city at the end of the year so I really don't want to go through the trouble or risk of visiting a doctors...
by MikeZ
Mon Jul 20, 2020 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Where can I go to talk to a CPA for a single tax question?
Replies: 4
Views: 797

Where can I go to talk to a CPA for a single tax question?

Does anyone have recommendations on where I could talk to a CPA online related to a single specific tax question? I normally just use Turbotax, but I am converting a rental home the tenant trashed to a second personal residence and want to talk through how we should handle the expenses associated wi...
by MikeZ
Tue Jul 07, 2020 11:10 pm
Forum: Personal Consumer Issues
Topic: Least Expensive Way to Have a Cellphone for emergency use only?
Replies: 54
Views: 3642

Re: Least Expensive Way to Have a Cellphone for emergency use only?

1. A phone can call 911 even without an active plan.
2. Freedompop. About $15 to sign up and then free for 200 min/200mb month. You have to jump through a ton of hoops to get the free plan though.
by MikeZ
Fri Jun 19, 2020 10:45 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about parking $30k with Morgan Stanley for a free Amex Plat Card
Replies: 18
Views: 3470

Thinking about parking $30k with Morgan Stanley for a free Amex Plat Card

This article has me thinking on this: https://dealspoints.com/amex-morgan-stanley-platinum/?fbclid=IwAR2AOmykknd-w_rX28HYbTDRqM8H-SSR7iugAnAhvy0Vxke04Otqsqcht4c I was thinking the 1.1% I get at Ally for my emergency fund might be better served doing this and also cancel my Chase Reserve. Does anyone...
by MikeZ
Mon Jun 15, 2020 4:23 pm
Forum: Personal Finance (Not Investing)
Topic: Does anything beachfront on the Florida Panhandle ever cashflow?
Replies: 5
Views: 1751

Does anything beachfront on the Florida Panhandle ever cashflow?

We have had family in the past that has owned some condo rental properties in Fort Walton. It was more of a part time residence and slight appreciation play, but the cash flow was bad. My wife and I do love visiting the panhandle and have always mused about buying one but every time I pencil out the...
by MikeZ
Mon Jun 15, 2020 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Market-Linked CD’s – Your opinions?
Replies: 15
Views: 732

Re: Market-Linked CD’s – Your opinions?

My uneducated understanding is basically they just buy options on the S&P 500 to make it 'market linked' So I guess you could just do the same thing sans getting it in a CD product.
by MikeZ
Fri Jun 12, 2020 12:24 pm
Forum: Personal Finance (Not Investing)
Topic: Crazy Times: Should Digital Nomads Live in Their Rental House or Carry On?
Replies: 15
Views: 1664

Re: Crazy Times: Should Digital Nomads Live in Their Rental House or Carry On?

I wouldn’t let the tail of state taxes wag the dog of where you should live. Not saying you should ignore it as a cost of living but moving around 7 months of the year to try to avoid 5% in taxes seems not worth it, even assuming you are corrct that your domicile wouldn’t change. This. Also conside...
by MikeZ
Fri Jun 12, 2020 9:02 am
Forum: Personal Finance (Not Investing)
Topic: Crazy Times: Should Digital Nomads Live in Their Rental House or Carry On?
Replies: 15
Views: 1664

Crazy Times: Should Digital Nomads Live in Their Rental House or Carry On?

So these are not normal times and I have a not-normal problem First some background as this group seems to always want to know it :) I’m 35 and my DW is 32. No kids. We both work fully remotely prior to Covid. I have a W-2 Job at about $145k and she is self-employed. Given the economic conditions, s...
by MikeZ
Sat Jun 06, 2020 11:15 pm
Forum: Personal Consumer Issues
Topic: Anyone have luck with a Goodyear Tire warranty?
Replies: 10
Views: 734

Anyone have luck with a Goodyear Tire warranty?

I purchased 4 Goodyear tires at Sam’s club 38k miles ago for my Toyota Camry. They were $590 (including a $60 installation fee) and the tires came with a 65k mileage warranty. At my last tire rotation at Sam’s about 4k miles ago, they were all noted as being 4/32rd. I just had my car serviced at Toy...
by MikeZ
Fri May 29, 2020 3:39 pm
Forum: Personal Finance (Not Investing)
Topic: FL Snowbirds with Second Homes - Give Me Pros/Cons of Owning Our Own vs Renting Seasonal
Replies: 80
Views: 7979

Re: FL Snowbirds with Second Homes - Give Me Pros/Cons of Owning Our Own vs Renting Seasonal

Speaking from the other side. We have looked at a beach front home in the panhandle and had family own a few condos as income properties: 1. In general as an investment, I have not seen beach front stuff in Florida cash flow as an investment. One way to look at this is that they are subsidizing your...
by MikeZ
Mon May 18, 2020 8:27 pm
Forum: Personal Finance (Not Investing)
Topic: I work remote: Is buying a home away from a major city a major risk?
Replies: 39
Views: 4445

Re: I work remote: Is buying a home away from a major city a major risk?

A couple of more details:

Age 35. My salary is 140k. Honestly, above average. My company has a lot of remote workers, in fact the team I'm on is basically a follow-the-sun shop and no one actually sits in a one location.
by MikeZ
Mon May 18, 2020 12:22 am
Forum: Personal Finance (Not Investing)
Topic: I work remote: Is buying a home away from a major city a major risk?
Replies: 39
Views: 4445

Re: I work remote: Is buying a home away from a major city a major risk?

So we have about $250k in cash at the moment. Price range we are looking at for a home is around $200-$400ish. So how much runway really would depend on whether we decide/can pay cash for a home or if we get a mortgage. The area would likely support a vacation rental more than a long term rental if ...
by MikeZ
Sun May 17, 2020 10:55 pm
Forum: Personal Investments
Topic: Do you Max for 401k then go for mega backdoor or both concurrently?
Replies: 14
Views: 1049

Re: Do you Max for 401k then go for mega backdoor or both concurrently?

For reference my plan is with Fidelity and I can contribute up to 50% Contribution Amount PRE-TAX Current Election 6 % Desired Election 6% (0% to 50% in increments of 1%) ROTH Current Election 0 % Desired Election 0 % (0% to 50% in increments of 1%) Pre-tax and Roth Subtotal Current Election 6 % Des...
by MikeZ
Sun May 17, 2020 10:48 pm
Forum: Personal Finance (Not Investing)
Topic: I work remote: Is buying a home away from a major city a major risk?
Replies: 39
Views: 4445

I work remote: Is buying a home away from a major city a major risk?

Some background: I have been in a current job since January as a remote worker in IT Compliance. My employer (A technology company) has a long history of having a highly remote workforce. We have recently started to really like the Northern, AZ area and have started to seriously think of buying a ho...
by MikeZ
Sun May 17, 2020 10:04 pm
Forum: Personal Investments
Topic: Do you Max for 401k then go for mega backdoor or both concurrently?
Replies: 14
Views: 1049

Do you Max for 401k then go for mega backdoor or both concurrently?

Question: I started a new job in January. As a result of some expenses, I've been only doing the 6% match. Now that is over, I would like to dial up the contributions to the max it and also do a backdoor (though not likely fully to the max depending on some personal factors) Question is, do I just w...
by MikeZ
Thu Apr 30, 2020 8:25 pm
Forum: Personal Investments
Topic: Fun Money Non-Traditional Investing Ideas?
Replies: 4
Views: 368

Fun Money Non-Traditional Investing Ideas?

I'm doing the 3-fund portfolio for my retirement accounts and think I have a solid plan for my savings. And I'm bored! I was thinking about paying around with some fun money (around $5k ish) into some non-security investments and was looking for ideas. I've played around with credit card and sign up...
by MikeZ
Tue Apr 21, 2020 6:32 pm
Forum: Personal Finance (Not Investing)
Topic: Side Biz in '19 to Full Time in '20: PPP?
Replies: 3
Views: 334

Side Biz in '19 to Full Time in '20: PPP?

My DW had a side business in 2019. About $4-5k in income for the year. Sole proprietor Schdule C filer. Beginnning in '20 she decided to go full time in the business and made about $25k in Q1. She is still making sales but they are down about 50%. We are thinking of doing PPP but I'm not sure how th...
by MikeZ
Sun Apr 19, 2020 4:57 pm
Forum: Personal Investments
Topic: Arrrrgh! Can't Repay Retirement Account Withdrawal!
Replies: 3
Views: 833

Re: Arrrrgh! Can't Repay Retirement Account Withdrawal!

I am planning on calling them to discuss but have heard of several hour wait times right now so was hoping to avoid that.
by MikeZ
Sun Apr 19, 2020 3:20 pm
Forum: Personal Investments
Topic: Arrrrgh! Can't Repay Retirement Account Withdrawal!
Replies: 3
Views: 833

Arrrrgh! Can't Repay Retirement Account Withdrawal!

I took a withdrawal from this IRA account as part of an 8915B Qualified 2017 Disaster Retirement Plan Distributions and Repayments plan. I would like to make a repayment to my IRA account this year. I referred to the IRS instructions https://www.irs.gov/pub/irs-pdf/i8915b.pdf You have 3 years from t...