Search found 2316 matches

by Carefreeap
Sun Jul 15, 2018 3:33 pm
Forum: Personal Consumer Issues
Topic: Kitchen Remodel
Replies: 23
Views: 1535

Re: Kitchen Remodel

7. Cabinetry with rolling shelves and other features to save the "back" is worth a million ice packs. 8. The corners of a range hood or cooktop hood should never ever be below the tallest person in the house. :shock: 7. What is a rolling shelf? It's a flat drawer behind a door. Just get drawers in ...
by Carefreeap
Sun Jul 15, 2018 10:37 am
Forum: Personal Consumer Issues
Topic: Kitchen Remodel
Replies: 23
Views: 1535

Re: Kitchen Remodel

7. Cabinetry with rolling shelves and other features to save the "back" is worth a million ice packs. 8. The corners of a range hood or cooktop hood should never ever be below the tallest person in the house. :shock: 7. What is a rolling shelf? It's a flat drawer behind a door. Just get drawers in ...
by Carefreeap
Sun Jul 15, 2018 10:32 am
Forum: Personal Consumer Issues
Topic: Kitchen Remodel
Replies: 23
Views: 1535

Re: Kitchen Remodel

Thoughts. 1 Buy a range hood that is powerful, but "quiet". 2. Upsize the range hood duct to exterior wall. 3. Heat generating appliances with the digital control board near the heat need more repairs. 4. Buy appliances per a history of long term reliability and function vs "name" and cosmetics. 5....
by Carefreeap
Fri Jul 13, 2018 2:44 pm
Forum: Personal Finance (Not Investing)
Topic: Life Estate Deed/Life Tenancy deal at steep discount--too good to be true?
Replies: 23
Views: 1032

Re: Life Estate Deed/Life Tenancy deal at steep discount--too good to be true?

So many unrealistic expectations. A real lesson to those who think they are going inherit a fortune! Yes, but that story would make a great novel and television miniseries and might be worth more than the house would have been. Unrealistic Expectations might be an appropriate title for it. LOL, I'd...
by Carefreeap
Fri Jul 13, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Life Estate Deed/Life Tenancy deal at steep discount--too good to be true?
Replies: 23
Views: 1032

Re: Life Estate Deed/Life Tenancy deal at steep discount--too good to be true?

... I'm trying to wrap my head around a scenario whereby a life estate tenant would/could put up their interest as collateral. ... Have you actually seen something like this in real life? Life estates are awkward, so we try to avoid them. What happens when the property needs major repairs? If the r...
by Carefreeap
Thu Jul 12, 2018 6:13 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?
Replies: 24
Views: 3731

Re: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?

We have a property management company but I'll you why I would specify no sublets in the lease. As mentioned, you haven't screened the other 2 occupants. There will be additional wear and tear on your rental. These other 2 will have cars and likely overnight guests. If you want to tick off all your...
by Carefreeap
Thu Jul 12, 2018 5:57 pm
Forum: Personal Finance (Not Investing)
Topic: Life Estate Deed/Life Tenancy deal at steep discount--too good to be true?
Replies: 23
Views: 1032

Re: Life Estate Deed/Life Tenancy deal at steep discount--too good to be true?

That sounds way more complicated than it needed to be. Yikes. Lol, they usually are! I'm sure B. Steiner has examples of where they worked out. But I don't think that most do. Often people stay in houses longer than they really should and the house falls into ruin because they don't have the abilit...
by Carefreeap
Thu Jul 12, 2018 5:45 pm
Forum: Personal Finance (Not Investing)
Topic: Life Estate Deed/Life Tenancy deal at steep discount--too good to be true?
Replies: 23
Views: 1032

Re: Life Estate Deed/Life Tenancy deal at steep discount--too good to be true?

Ultimately the one my FIL created for his third wife failed. She couldn't afford to make the payments on the existing mortgage which was financed via a family trust. Although it destroyed the relationship between DH and her I figure we dodged a bullet. She's still alive 17 years later. I cannot ima...
by Carefreeap
Thu Jul 12, 2018 5:12 pm
Forum: Personal Finance (Not Investing)
Topic: Life Estate Deed/Life Tenancy deal at steep discount--too good to be true?
Replies: 23
Views: 1032

Re: Life Estate Deed/Life Tenancy deal at steep discount--too good to be true?

It's similar to buying a building where there's a tenant with a lease at a rent that's less than what the rent would be for a new tenant, except in this case you don't know how long she'll live. So there's the risk that she could live longer than average (and the possibility that she could die soon...
by Carefreeap
Thu Jul 12, 2018 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?
Replies: 24
Views: 3731

Re: Anyone experienced landlords here? Caught some of my tenants renting out rooms. Anything I should do?

I am a new real estate investor and just bought a rental property in the Houston Texas area. One of my tenants rented the 2 bedroom townhouse themselves and I found is now sleeping in the living room and renting out the other 2 rooms to other people and did not inform me about this. The main tenant...
by Carefreeap
Thu Jul 12, 2018 1:49 pm
Forum: Personal Consumer Issues
Topic: kayaking!
Replies: 13
Views: 1058

Re: kayaking!

My recommendation would be to take a class at some nearby kayaking school. They often have many types of kayaks you can try out to see which one best fits you and you get some basic instruction. Another option would be to rent several different ones and try them on for size before investing in one....
by Carefreeap
Thu Jul 12, 2018 10:20 am
Forum: Personal Finance (Not Investing)
Topic: Deciding how much to spend on home remodeling
Replies: 22
Views: 1826

Re: !

Remodeling is hugely stressful, messy, complicated, disruptive and did I say stressful? For that reason if you have the means, I advise doing everything you want/can afford to do as one major project rather than tackling something now, something in a few years etc. Agree with others' advice to try ...
by Carefreeap
Wed Jul 11, 2018 7:37 pm
Forum: Personal Finance (Not Investing)
Topic: Life Estate Deed/Life Tenancy deal at steep discount--too good to be true?
Replies: 23
Views: 1032

Re: Life Estate Deed/Life Tenancy deal at steep discount--too good to be true?

These are pretty common in France but not that common for strangers here in the U.S. They are usually used here to keep a remaining (second) spouse in place. The biggest problem is it sounds like your friend is speculating that the property will continue to appreciate. It might not. Anything can be ...
by Carefreeap
Wed Jul 11, 2018 7:13 pm
Forum: Personal Finance (Not Investing)
Topic: Deciding how much to spend on home remodeling
Replies: 22
Views: 1826

Re: Deciding how much to spend on home remodeling

I generally shoot for mid-range. I like durable materials (Silestone, good cabinets) but will go for a mid-range appliances, inexpensive field tile with a little accent for flooring and so on. One problem with higher end materials is that they often require higher maintenance and aren't as durable. ...
by Carefreeap
Tue Jul 10, 2018 5:54 pm
Forum: Personal Finance (Not Investing)
Topic: Grandmas Living Trust... Need Advice
Replies: 22
Views: 1357

Re: Grandmas Living Trust... Need Advice

Thank you all again for the input. So right now I’m leaning towards: Taking the “liquid” accounts and moving them to a bank account (or two for FDIC) and leaving her IRA alone but moving it out of NYL and into a different firm to help it grow a bit and make it easier to pay out to the beneficiaries...
by Carefreeap
Fri Jul 06, 2018 6:03 pm
Forum: Personal Finance (Not Investing)
Topic: How do normal people afford the Bay Area?
Replies: 48
Views: 4997

Re: How do normal people afford the Bay Area?

As someone said, you make trade-offs. And if you read most threads here on BH the Bay Area is not Boglehead approved. :annoyed We bought in 1990, a 3/2 dump for about $240k in a SF Peninsula City about 10 miles from SF City Hall. My husband's salary was 50k. Therefore we were at nearly 5x his salary...
by Carefreeap
Wed Jul 04, 2018 4:01 pm
Forum: Personal Consumer Issues
Topic: Rodents ate my car!
Replies: 60
Views: 5057

Re: Rodents ate my car!

Ha, well at about $5k in 2004 I can problem out cost the lot of you. :oops: I was on a cycle trip to Western Ireland with my mother and had to park my car outside because we were in the process of doing a kitchen remodel and the new cabinets were worth more than my then 12 year old Jeep Grand Cherok...
by Carefreeap
Wed Jul 04, 2018 3:42 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 15067

Re: Retirement Destination - are you happy with your choice?

I love our house with it's great outdoor spaces and fantastic ocean view. Unfortunately it does have stairs so I'm resigned to the fact that it's not a forever house. I've told DH that we're going to have a decision to make in 10 years when he turns 70. For a place that wonderful that you already o...
by Carefreeap
Wed Jul 04, 2018 2:24 pm
Forum: Personal Finance (Not Investing)
Topic: Retirement Destination - are you happy with your choice?
Replies: 127
Views: 15067

Re: Retirement Destination - are you happy with your choice?

We're an anomaly in that unlike most people who move to a LCOLA area we moved back to our old house in VHCOLA SF Bay Area. We moved away for nine years; six years in AZ and 3 in Bonn Germany. I didn't want to sell the house when we first to AZ because if it didn't work out I didn't think we could af...
by Carefreeap
Fri Jun 29, 2018 10:18 pm
Forum: Personal Finance (Not Investing)
Topic: Deed of Trust on Condo, how can borrower get a release if lender dies?
Replies: 26
Views: 1294

Re: Deed of Trust on Condo, how can borrower get a release if lender dies?

I've searched and searched with google to find the answer to the original question about who has the authority to sign a release to remove the Deed of Trust on a property if the grantor is deceased. No luck. Was hoping someone would know. Probably have to talk to an attorney. B. Steiner (4th post) ...
by Carefreeap
Fri Jun 29, 2018 7:02 pm
Forum: Personal Consumer Issues
Topic: Determining "Fair Market Value" for a home
Replies: 14
Views: 1046

Re: Determining "Fair Market Value" for a home

An appraisal from a licensed appraiser would not be a bad idea. +1. This is the best way. The appraiser gives you a FMV based upon his assessment of the property and comparable sales in the area. I'd like to believe a single appraisal will give you fair market value. But I don't. My experience with...
by Carefreeap
Fri Jun 29, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Deed of Trust on Condo, how can borrower get a release if lender dies?
Replies: 26
Views: 1294

Re: Deed of Trust on Condo, how can borrower get a release if lender dies?

In this case the stream of payments from the condo sale will only last for two years. She has no other resources now, and the value of her condo makes up about two years worth of assisted living costs. Past that point, she will be eligible for Medicaid based on having no remaining assets. Our inten...
by Carefreeap
Fri Jun 29, 2018 4:42 pm
Forum: Personal Finance (Not Investing)
Topic: Investment Property With Father
Replies: 12
Views: 1099

Re: Investment Property With Father

I would pass. As someone pointed out he's been at this for 20 years and he can't retire at age 61. You would not enter into a deal like this on your own. Dealing with a family member will make it worse. My father and brother have just started speaking again after 10 years due to a real estate deal g...
by Carefreeap
Fri Jun 29, 2018 4:25 pm
Forum: Personal Finance (Not Investing)
Topic: Deed of Trust on Condo, how can borrower get a release if lender dies?
Replies: 26
Views: 1294

Re: Deed of Trust on Condo, how can borrower get a release if lender dies?

Is there a reason why you don't just get a mortgage to buy the property? Basically didn't consider this because we were figuring to buy on payments via the carry back loan, and this would be a cheaper and less complicated approach. You mean less complicated for you, rather than her. Not being judgm...
by Carefreeap
Fri Jun 29, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Deed of Trust on Condo, how can borrower get a release if lender dies?
Replies: 26
Views: 1294

Re: Deed of Trust on Condo, how can borrower get a release if lender dies?

Sure. The executor/Trustee issues a quitclaim deed or Release of Lien. The title company can help you with the documents to get the wording correct. You can also use a lawyer to prepare the deed but it's not that difficult of a task. Looking at the wording of a Deed of Release, it looks like it has...
by Carefreeap
Fri Jun 29, 2018 11:06 am
Forum: Personal Finance (Not Investing)
Topic: Deed of Trust on Condo, how can borrower get a release if lender dies?
Replies: 26
Views: 1294

Re: Deed of Trust on Condo, how can borrower get a release if lender dies?

Sure. The executor/Trustee issues a quitclaim deed or Release of Lien. The title company can help you with the documents to get the wording correct. You can also use a lawyer to prepare the deed but it's not that difficult of a task.
by Carefreeap
Wed Jun 20, 2018 12:16 pm
Forum: Personal Consumer Issues
Topic: Drive from Phoenix to San Diego
Replies: 42
Views: 2693

Re: Drive from Phoenix to San Diego

Update: Going to Sequoia and Kings Canyon for 2 nights, Yosemite 2 nights. Was luckily able to find lodging within the parks last minute. We plan to exit Yosemite from the East Side and drive down 395 after checking out Toulumne Meadows, and Mono Lake. Are we better of spending the night in Mammoth...
by Carefreeap
Wed Jun 20, 2018 12:12 pm
Forum: Personal Consumer Issues
Topic: Home Sellers - do you read Buyer inspection reports?
Replies: 25
Views: 2215

Re: Home Sellers - do you read Buyer inspection reports?

I have gotten my own inspection reports prior to selling, using a highly respected local person. Then I fix most of the issues on the report and disclose it to prospective buyers. They of course are free to get their own inspection, but I feel my downside risk is known. By disclosing this before of...
by Carefreeap
Sat Jun 16, 2018 10:18 am
Forum: Personal Consumer Issues
Topic: Drive from Phoenix to San Diego
Replies: 42
Views: 2693

Re: Drive from Phoenix to San Diego

;-) the reason I suggested Mammoth is that there's plenty of cheap/nice lodging there this time of year (vs trying to get a place "in" Yosemite). You should be able to find a nice ski condo for $150 a night or less. Plus it would require you to drive out of Yosemite on the backside, which is frankl...
by Carefreeap
Sat Jun 16, 2018 10:09 am
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 191
Views: 16701

Re: Top Shelf Liquor Overrated?

...As far as beer goes, I only drink Bud Light. All these new craft beers are just too bitter and heavy for me. *sigh* (from a committed IPA consumer...) But you'll ruin your palate! This from my local wine dealer (who also sells craft beer). And she was right. My husband kept going for hoppier and...
by Carefreeap
Fri Jun 15, 2018 9:16 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 191
Views: 16701

Re: Top Shelf Liquor Overrated?

...As far as beer goes, I only drink Bud Light. All these new craft beers are just too bitter and heavy for me. *sigh* (from a committed IPA consumer...) But you'll ruin your palate! This from my local wine dealer (who also sells craft beer). And she was right. My husband kept going for hoppier and...
by Carefreeap
Fri Jun 15, 2018 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: House that was in trust is actually in estate
Replies: 22
Views: 2298

Re: House that was in trust is actually in estate

Such a common problem. Everybody that has a trust should double check their assets while they are alive and especially if they did a re-fi as banks used to always take houses out of trusts and often the title company didn't put it back in. In California there is a law called a "Heggstad petition" f...
by Carefreeap
Fri Jun 15, 2018 5:23 pm
Forum: Personal Consumer Issues
Topic: Home Sellers - do you read Buyer inspection reports?
Replies: 25
Views: 2215

Re: Home Sellers - do you read Buyer inspection reports?

I have gotten my own inspection reports prior to selling, using a highly respected local person. Then I fix most of the issues on the report and disclose it to prospective buyers. They of course are free to get their own inspection, but I feel my downside risk is known. By disclosing this before of...
by Carefreeap
Fri Jun 15, 2018 5:13 pm
Forum: Personal Consumer Issues
Topic: Drive from Phoenix to San Diego
Replies: 42
Views: 2693

Re: Drive from Phoenix to San Diego

If Yosemite is indeed an option, it is far, far better to go there than Sequoia. Still a huge drive back down to San Diego. In the West, distances are vast and, worse of all, the scenery between the good parts is boring at 60-80 mph. And as mentioned a couple of times above, very hot in Summer. I'd...
by Carefreeap
Tue Jun 12, 2018 5:47 pm
Forum: Personal Consumer Issues
Topic: Top Shelf Liquor Overrated?
Replies: 191
Views: 16701

Re: Top Shelf Liquor Overrated?

Thought this article about Aldi's $17.50 whisky was appropriate:
http://www.msn.com/en-us/foodanddrink/b ... li=BBnb7Kz
by Carefreeap
Mon Jun 11, 2018 10:02 am
Forum: Personal Finance (Not Investing)
Topic: Pre 65 Retirees - Healthcare
Replies: 21
Views: 2097

Re: Pre 65 Retirees - Healthcare

2k is probably about right. We're less than that right now but fortunately other than a couple of generic meds (and what seems like an annual PT session!) we don't have much out of pocket besides the premiums. I think we're at about $725 for him (59) and about $675 for me (56). I expect those premiu...
by Carefreeap
Sat Jun 09, 2018 7:55 pm
Forum: Personal Finance (Not Investing)
Topic: Merrill edge closing expat accounts
Replies: 10
Views: 1101

Re: Merrill edge closing expat accounts

There are 100s of threads on this topics. Expats have their accounts locked. Pretty much no US broker allows you to reside overseas and maintain an active account. Check your sources. The only way to get around this is to us a VPN and lie by using a relatives address in the US. USAA took our accoun...
by Carefreeap
Sat Jun 09, 2018 6:33 pm
Forum: Personal Consumer Issues
Topic: Found an FSBO home for sale. How to avoid Realtor?
Replies: 42
Views: 3530

Re: Found an FSBO home for sale. How to avoid Realtor?

You might want to talk to a local RE agent to find out what the local/state laws require when a house is sold. In California, for example, the seller is required to tell you how close you are to an earthquake fault, nearby environment factors, and noises (some of which you will not hear on a weeken...
by Carefreeap
Thu Jun 07, 2018 4:57 pm
Forum: Personal Finance (Not Investing)
Topic: Guidance About New Spouse's IRS Issues
Replies: 61
Views: 5540

Re: Guidance About New Spouse's IRS Issues

He was a contractor for a few years just before and just after the divorce (this stopped the same year we got married). There were a number of factors: He had just gotten rid of his CPA because they increased fees (this cost us soooo much more than the little fees!!!) He was a 1099 and wasn't payin...
by Carefreeap
Wed May 30, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property To Future House?
Replies: 18
Views: 1434

Re: Rental Property To Future House?

I tend to agree with this scenario. My friend's family home just went on the market in Carmichael, listed for $649kish. Nice home, great area near the river. But it's a move-up and they generally don't make the best rental. FWIW they had it rented until Mom passed and even though Sac isn't that far...
by Carefreeap
Wed May 30, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property To Future House?
Replies: 18
Views: 1434

Re: Rental Property To Future House?

#3 variation. Move now? Cut expenses, save, etc. Sell existing home? (delete renting/landlording) j I tend to agree with this scenario. My friend's family home just went on the market in Carmichael, listed for $649kish. Nice home, great area near the river. But it's a move-up and they generally don...
by Carefreeap
Wed May 30, 2018 10:52 am
Forum: Personal Finance (Not Investing)
Topic: Rental Property To Future House?
Replies: 18
Views: 1434

Re: Rental Property To Future House?

#3 variation. Move now? Cut expenses, save, etc. Sell existing home? (delete renting/landlording) j I tend to agree with this scenario. My friend's family home just went on the market in Carmichael, listed for $649kish. Nice home, great area near the river. But it's a move-up and they generally don...
by Carefreeap
Sun May 27, 2018 5:29 pm
Forum: Personal Consumer Issues
Topic: Retirement in Arizona - Seeking Advice
Replies: 79
Views: 11639

Re: Retirement in Arizona - Seeking Advice

Bump for Tucson, Prescott, Sedona, Flagstaff... Most of Tucson is going to be around 2500' so summers are similar to what we experienced in Carefree, 100+ degree days starting in May through September. Night temps will be in the 80s depending on how "citified" your area is based on the Heat Island ...
by Carefreeap
Fri May 25, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: New(ish) attending physicians in the Bay Area: Housing
Replies: 150
Views: 12623

Re: New(ish) attending physicians in the Bay Area: Housing

Good question... I wonder about that myself. I think it's a combination of things. In housing developments, there are units which are reserved as "affordable housing", so some live there. Some commute from really far away. Some live in areas that haven't been "gentrified". Some live in shared housi...
by Carefreeap
Wed May 23, 2018 5:48 pm
Forum: Personal Consumer Issues
Topic: Winter Home - issues/costs?
Replies: 33
Views: 2304

Re: Winter Home - issues/costs?

The snowbird season in the Phoenix area lasts from September to April -- give or take. The early birds show up in September to get the good spots even though it's still hot. Of course there are areas of Arizona with less extreme weather than the Phoenix metro area. . That's interesting. Our experie...
by Carefreeap
Tue May 22, 2018 3:06 pm
Forum: Personal Finance (Not Investing)
Topic: General question for someone with knowledge of real estate law
Replies: 8
Views: 664

Re: General question for someone with knowledge of real estate law

Thanks for the replies. To make this a little more complicated. The realtor has sent husband listing which was received today but husband is leery of signing until language added to listing that both husband and wife receive separate checks . The wife also knows the prospective buyer who is ready t...
by Carefreeap
Tue May 22, 2018 3:00 pm
Forum: Personal Finance (Not Investing)
Topic: General question for someone with knowledge of real estate law
Replies: 8
Views: 664

Re: General question for someone with knowledge of real estate law

I suppose a listing agent can solicit offers for anything, but any buyer won't be able to acquire good title without the consent of both joint owners. Gill If one spouse is opposed to selling the property, there could be a problem when the RE agent delivers a buyer who is ready, willing, and able t...
by Carefreeap
Tue May 22, 2018 12:02 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a Vacation Rental Property as an Investment
Replies: 53
Views: 4558

Re: Buying a Vacation Rental Property as an Investment

Thanks for the info lot of good replies. You're all right in that I/my parents likely don't need the headache or the risk. But someone out there is making money on these type of things. Well you could short the market in anticipation of the next Black Swan event. :wink: Forgive me, I'm reading Nass...
by Carefreeap
Mon May 21, 2018 5:29 pm
Forum: Personal Consumer Issues
Topic: Coachella concert
Replies: 8
Views: 988

Re: Coachella concert

Reserve hotel rooms now with free cancellation. I stayed at the Best Western. Prepare to pay big $$. Have they announced dates yet (not to mention artists)? At least it's two weekends now. Since you are older skewing, pay up for the VIP tix. Take a bandana or surgical mask- the dust is horrendous. ...