Search found 120 matches

by Bogle826
Tue Jan 17, 2023 7:55 am
Forum: Investing - Theory, News & General
Topic: Investing in an HSA
Replies: 3
Views: 648

Investing in an HSA

I invest 401k up to the company match and Roth IRA. Both of these are in target retirement funds. I started an HSA fund this year, and was wondering what's a good approach to invest with this contribution?
by Bogle826
Mon Sep 05, 2022 6:51 am
Forum: Investing - Theory, News & General
Topic: commercial property with elevated taxes compared to peers
Replies: 2
Views: 357

commercial property with elevated taxes compared to peers

We saw a property with 20 residential units and 4 store-fronts that has good free cash flow generation, but annual land tax is much higher than peers. A building half the size of the aforementioned is paying roughly 1/5 to 1/6 in taxes and the same can be said for pretty much any other commercial building within the vicinity. Overall tax dollars per square feet is much higher than peers. This is perplexing as the market assessment which is used to calculate annual taxes has doubled / tripled the last 10 years even though there were no changes to the building. The surrounding commercial buildings did not experience 2x / 3x market value assessment. 1) Can I get this tax potentially lowered? From an economics point of view, getting this tax ba...
by Bogle826
Thu Aug 18, 2022 9:16 pm
Forum: Investing - Theory, News & General
Topic: Which vanguard fund is closest to no-penalty CD 2% yield
Replies: 7
Views: 1337

Re: Which vanguard fund is closest to no-penalty CD 2% yield

UpperNwGuy wrote: Thu Aug 18, 2022 9:07 pm
Bogle826 wrote: Thu Aug 18, 2022 8:20 pm
quietseas wrote: Thu Aug 18, 2022 8:09 pm Vanguard Federal Money Market fund yield is 2.11% (and is rising with higher interest rates).
So the rate (currently 2.11%) is correlated with rising interest rates? Similar to that of the no-penalty CD, but no-penalty CD has a fixed rate of return for 11 months.
Why would you want a fixed rate of return when rates are rising?
If you're referring to the no-penalty CD, the rate is locked for the duration even if rates are declining. If rates go up, all you have to do is exit the current no-penalty CD and invest in a new version that reflects the higher interest rate.
by Bogle826
Thu Aug 18, 2022 8:20 pm
Forum: Investing - Theory, News & General
Topic: Which vanguard fund is closest to no-penalty CD 2% yield
Replies: 7
Views: 1337

Re: Which vanguard fund is closest to no-penalty CD 2% yield

quietseas wrote: Thu Aug 18, 2022 8:09 pm Vanguard Federal Money Market fund yield is 2.11% (and is rising with higher interest rates).
So the rate (currently 2.11%) is correlated with rising interest rates? Similar to that of the no-penalty CD, but no-penalty CD has a fixed rate of return for 11 months.
by Bogle826
Thu Aug 18, 2022 8:06 pm
Forum: Investing - Theory, News & General
Topic: Which vanguard fund is closest to no-penalty CD 2% yield
Replies: 7
Views: 1337

Which vanguard fund is closest to no-penalty CD 2% yield

Looking to park some cash into something like a no-penalty CD, which I can pull from whenever needed. For comparison, no-penalty CD is yielding roughly 2% now.
by Bogle826
Wed Jun 29, 2022 9:04 am
Forum: Investing - Theory, News & General
Topic: Opening up Vanguard account through Real Estate LLC?
Replies: 1
Views: 294

Opening up Vanguard account through Real Estate LLC?

RE portfolio / LLC has been sitting on some cash from revenue generated, but there's no plans to use the funds in the meantime. I use vanguard for my personal investing accounts, so would to know know whether I can do the same with an LLC account.

I'm looking at various mixes, but for example the current bank for my LLC is only offering 5bps on "high-yield CDs" , juxtaposed Vanguard is offering 200bps+ for comparable term CDs.
by Bogle826
Thu Mar 25, 2021 6:36 pm
Forum: Personal Investments
Topic: Eligible to deduct taxes via Traditional IRA?
Replies: 5
Views: 465

Eligible to deduct taxes via Traditional IRA?

My buddy works for a firm that offers 401k, but the 401K does not have company-match nor are the funds attractive.

He recently opened up a vanguard account and contributed $6k to his Traditional IRA. Is he allowed to use his $6k contribution to lower gross income for tax purposes? I read that if you have a retirement program at work, you can't use Traditional IRA contributions to deduct gross income for tax purposes? Salary is less than $65K.
by Bogle826
Sun Jan 17, 2021 9:39 am
Forum: Personal Investments
Topic: Need investment ideas for 5 year horizon / 10 year horizon
Replies: 0
Views: 229

Need investment ideas for 5 year horizon / 10 year horizon

So this money is strictly for taxable investments (all my retirement accounts are taken care of). I'm waiting to deploy capital in commercial real estate but given the circumstance right now I would prefer to wait it out a bit given that cap rates are still demanding a premium. And even then, this money may or may not be earmarked for real estate investments and there is no down payment number that I must preserve.
by Bogle826
Tue Jul 14, 2020 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Commercial mortgage brokers vs banks
Replies: 2
Views: 228

Commercial mortgage brokers vs banks

It's probably case by case scenario, but are net cost usually the same given that you typically have to pay commercial mortgage brokers 1% or 10k (whichever is greater) for their services for finding a competitive quote with favorable terms? Don't banks save money by not paying their employed originators since the mortgage broker is sourcing the business for them? So in return, banks wouldn't have to charge the borrower points for the loan amount.
by Bogle826
Fri Jan 18, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing a home in one state and selling a home in another state. Should he get an Heloc to fund home purchase?
Replies: 7
Views: 588

Purchasing a home in one state and selling a home in another state. Should he get an Heloc to fund home purchase?

Buddy is first looking to purchase his residential home in one state while selling his current home (no longer lives there but currently getting into contract to sell, offer accepted). The issue is that he will have to take on a bigger loan since his proceeds from his current home will not come in time. I’m not familiar with HELOC, but would he be able to borrow against his equity (his current home) so that he can put down a bigger payment on the house he’s buying now? I believe the benefit of this product is that there is low closing cost. That way, there will be less mortgage tax on the home he’s purchasing now. Either way, he plans to pay down his mortgage once he gets the proceeds, but the timing is throwing it off a bit. The idea is to...
by Bogle826
Thu May 17, 2018 9:13 pm
Forum: Personal Finance (Not Investing)
Topic: Anybody familiar with Met Life Guaranteed Advantage Universal Life
Replies: 2
Views: 642

Anybody familiar with Met Life Guaranteed Advantage Universal Life

Face amount - 700K
Cash Value - 120k
Surrender Charge - 20k
Net Cash Surrender Value - 100k

Guaranteed Interest Rate - 3%
Interest Rate - 4%
Interest Crediting Rate on Borrowed Funds - 3%
Cash Value Crediting Rate - 4.8%

The plan has been paid off and no more contribution is required. Here are my questions:

1) If I leave this plan alone, I would be guaranteed the face amount of 700k eventually?
2) If I want the cash now, I would get the 100K amount and not the 120K amount?
3) If I want to borrow money from this insurance policy, I can borrow up to 100K paying 3% annual interest?
4) What is the Cash Value Credit Rate? As in what is that?
by Bogle826
Tue Feb 06, 2018 2:57 pm
Forum: Personal Consumer Issues
Topic: Rolex
Replies: 87
Views: 15795

Re: Rolex

Currently there is a shortage on the stainless steel sport watches and prices are up a couple of thousand dollars over a year ago. Probably has something to do with surge in the world economy and stock market. If you are looking for a ceramic bezel Submariner, ceramic GMT, or ceramic Daytona you wlll have a hard time finding a good deal on a new or used one. I have personally been watching for a Rolex black and blue GMT batman but am having a hard time pulling the trigger on one with prices where they currently stand. Bob's watches and CRM jewelers is where I have been monitoring prices. CRM jewelers has an interesting YouTube channel that I like watching. Good luck in your search. Interesting to know; so how much is a batman these days? d...
by Bogle826
Tue Feb 06, 2018 12:34 pm
Forum: Personal Consumer Issues
Topic: Rolex
Replies: 87
Views: 15795

Re: Rolex

For anyone who has purchased a Rolex at a brick and mortar. Did you try to negotiate price? If so, what did you use for price justification. Were the dealers open to negotiation? I'm sure that most brick and mortar stores have a substantial markup due to overhead / staffing. Online doesn't always have the lowest price - it's based on supply and demand of the overall online market which is vast. A local shop has the supply and demand of a particular area (if business is slow that month, what do you think they would do?). Price justification is actually very simple and you already mentioned why you want to buy online, because it's cheaper. Just let the B&M dealer know what you already know. Look at some prices online and ask B&M rep ...
by Bogle826
Tue Feb 06, 2018 9:29 am
Forum: Personal Consumer Issues
Topic: Rolex
Replies: 87
Views: 15795

Re: Rolex

ADower wrote: Mon Feb 05, 2018 3:43 pm For those who have a Rolex;

I am looking into purchasing my first Rolex and am wondering if you guys can recommend a place to check out online that might be better price wise than a brick and mortar dealer.

Thanks in advance.
If you are buying new, find a few stores near you and check out the piece you want. It's more convenient to get the bracelet sized perfectly in-store and easier to bring it back should any problems arise (such as the watch running faster than +2/-2 per second or you want a tighter / looser fit etc...).
by Bogle826
Thu Jan 04, 2018 3:02 pm
Forum: Personal Finance (Not Investing)
Topic: Two vastly different career considerations...Stability vs. Income
Replies: 67
Views: 6458

Re: Two vastly different career considerations...Stability vs. Income

Hey OP, just to be clear, your base is going to be at least $75k?

The $25k you are projecting is commission?

So we're comparing $75k guaranteed + unlimited commissions from job B vs $70k government position from job A?
by Bogle826
Tue Oct 03, 2017 2:32 pm
Forum: Personal Investments
Topic: Help with private investment opportunity
Replies: 51
Views: 5365

Re: Help with private investment opportunity

I have the opportunity to invest in a new company as a "founder", the founders will be putting in 60 million, and then family/friends will put in 170 million for a total of 230 million. The 170 million from friends and family will be B shares subject to the waterfall provisions, etc. The potential for the company is vast, with estimates that it could IPO in 2020 for 5 billion. The founders who created this company are veterans in this industry with a track record to match. His last 3 companies sold for 4.5 bn, 2.5 bn, and 275 million. He is putting in 20 million of his own money. Other founder worth about 70 million is putting in 5 million. I am definitely going to be placing some money in this investment, but the question is how...
by Bogle826
Thu Sep 28, 2017 3:37 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 273
Views: 23175

Re: The Rolex and The Boglehead

Not all Rolexes retain their value, but some of the popular ones definitely do. Here are some examples for the ones considering a future purchase: 1) Submariner – the most iconic watch by Rolex; this is probably the watch first-time buyers will usually consider. 2) Daytona – a very popular chronograph. Value for older Daytonas are very strong right now; the market value for the new ceramic is $6K-$8K (I believe) above MSRP, but you won’t be able to get one due to limited supply 3) GMT Master II – the batman (black / blue bezel) iteration remains super popular; price has been holding up 4) GMT Master II (pre ceramic) – Pepsi / Coke are highly coveted. They went up in value because Rolex don’t produce these anymore and an identical Pepsi is o...
by Bogle826
Tue Sep 26, 2017 3:59 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 273
Views: 23175

Re: The Rolex and The Boglehead

How many Bogleheads out there own and wear a Rolex (or similar)? Those that do, any regrets? I'd like to one day own a nice watch but for right now I just admire them all. DW might not ever sign off on a watch that expensive but still I'm curious what other Bogleheads have to say. Rolex is probably one of the few watch brands available that would not lead to buyers' remorse. I definitely don't see this particular watch brand (or any watch brand) as an investment, but it does retain its value overtime. So if you were looking to sell, it's not like you would be taking a bath on the resale akin to a vehicle purchase. Of course this is not true across all the model lines - just the most popular ones such as the Submariner, Daytona, GMT etc... ...
by Bogle826
Tue Sep 26, 2017 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: Becoming a Landlord: My Experiences
Replies: 183
Views: 48685

Re: Becoming a Landlord: My Experiences

And the reason anyone would want to do this is?? I'll stick to my two mouse button clicks to give mr Dow jones my money. although it's more arduous to be a landlord but there is more upside as well as downside when you individually select an asset. looks like there is a good understanding of the downside, but here are some upside/benefit scenarios as a landlord. 1) you can leverage your capital - generally speaking, you can acquire $1MM of assets for every $250k you put down. if asset is cash-flow positive, the tenants are basically paying for your asset. 2) tax benefits thru cash interest / depreciation 3) home run plays - over the long term, the city may rezone and all of a sudden, the land that you bought sitting on 2-family is now able...
by Bogle826
Tue Sep 26, 2017 3:22 pm
Forum: Personal Consumer Issues
Topic: The Rolex and The Boglehead
Replies: 273
Views: 23175

Re: The Rolex and The Boglehead

How many Bogleheads out there own and wear a Rolex (or similar)? Those that do, any regrets? I'd like to one day own a nice watch but for right now I just admire them all. DW might not ever sign off on a watch that expensive but still I'm curious what other Bogleheads have to say. Rolex is probably one of the few watch brands available that would not lead to buyers' remorse. I definitely don't see this particular watch brand (or any watch brand) as an investment, but it does retain its value overtime. So if you were looking to sell, it's not like you would be taking a bath on the resale akin to a vehicle purchase. Of course this is not true across all the model lines - just the most popular ones such as the Submariner, Daytona, GMT etc...
by Bogle826
Thu Aug 17, 2017 4:06 pm
Forum: Personal Finance (Not Investing)
Topic: question regarding life insurance purchase: online vs. real-life agent
Replies: 8
Views: 1089

Re: question regarding life insurance purchase: online vs. real-life agent

123 wrote: Thu Aug 17, 2017 3:32 pm You could call the mega insurance company involved and ask them. If you had a blood test there should be an underwriter involved there so they should have some record of the pending policy.

Historically there have been instances of some gaps between independent insurance brokers and the companies they represent, funds not forwarded to the mega insurance company for example. It never hurts to check and its pretty easy.
thanks, a simple call never hurts.
by Bogle826
Thu Aug 17, 2017 4:05 pm
Forum: Personal Finance (Not Investing)
Topic: question regarding life insurance purchase: online vs. real-life agent
Replies: 8
Views: 1089

Re: question regarding life insurance purchase: online vs. real-life agent

Rupert wrote: Thu Aug 17, 2017 3:37 pm Are you sure you have to pay the agent annually? Usually you just give the agent the first year's check, and you pay the insurance company directly in future years.
that...I will have to confirm since the first check is issued to the agent and not the mega insurance company.

thanks for letting me know.
by Bogle826
Thu Aug 17, 2017 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: question regarding life insurance purchase: online vs. real-life agent
Replies: 8
Views: 1089

question regarding life insurance purchase: online vs. real-life agent

I recently went on term4sale and found a policy that suited my needs, however the online agent who serviced me is literary 100 miles away. After a series of paperwork via emails and blood test at a local facility in a span of six weeks, I recently received my congratulatory letter. All I have to do is send in a check (directed to the agent’s office), even though the ultimate insurer is actually a big insurance corporation – think AIG, Met Life etc…

How safe is this? I’m sending in an annual check to a mom-and-pop agency even though the liability is ultimately under the mega insurance corp. level (but I haven’t even spoken to them). Is there any way to verify that this mega insurance corp is indeed covering me?
by Bogle826
Mon Jul 03, 2017 9:37 am
Forum: Personal Finance (Not Investing)
Topic: Another health insurance question - term life
Replies: 8
Views: 819

Re: Another health insurance question - term life

hey folks, so i went on term4life and got some quotes. situation: my goal is buying life insurance to financially protect my newborn until she goes to college (or almost wrap up college and become financially independent). the term is 20 years and is about $415 annually. alternatively, i can extend the policy to 30 years for a total of $715 annually, which is around $300 additional per year. my thought process was, do we really need a longer term life? but then again, $300 dollars additional per year is not THAT much in the grand scheme of things. how do parents gauge this type of thought? financially protecting kids to age 20 vs. age 30. You might want to consider whether you need the same full amount of coverage that entire time. That is...
by Bogle826
Mon Jul 03, 2017 9:21 am
Forum: Personal Finance (Not Investing)
Topic: Another health insurance question - term life
Replies: 8
Views: 819

Another health insurance question - term life

hey folks,

so i went on term4life and got some quotes.

situation: my goal is buying life insurance to financially protect my newborn until she goes to college (or almost wrap up college and become financially independent). the term is 20 years and is about $415 annually. alternatively, i can extend the policy to 30 years for a total of $715 annually, which is around $300 additional per year. my thought process was, do we really need a longer term life? but then again, $300 dollars additional per year is not THAT much in the grand scheme of things.

how do parents gauge this type of thought? financially protecting kids to age 20 vs. age 30.
by Bogle826
Mon Jun 05, 2017 12:27 pm
Forum: Personal Consumer Issues
Topic: Worth it to buy expensive clothes?
Replies: 91
Views: 16385

Re: Worth it to buy expensive clothes?

I haven't really bought new work clothes in the last 8 years, and I've been thinking about completely overhauling my wardrobe. All of my dress shirts and pants have way too much fabric, and look baggy in general. My SO affectionately commented that I dress like I'm wearing a potato sack. I've picked out 3 pairs of shoes from Allen Edmonds, and went to a local haberdasher to have 6 pants and 10 shirts made to measure. The shoes are like $300 each (on sale), the pants range from $250-$300, and the shirts are around $150-$175. The total is going to be close to $5k. I have the money, and can afford it, but this is the most I've ever spent on clothing. I currently max out my tax-advantaged accounts and save 40% of my gross salary. I'm 31, and m...
by Bogle826
Wed May 17, 2017 8:34 am
Forum: Personal Investments
Topic: Why would anyone buy a condo (from an investment standpoint)
Replies: 45
Views: 10692

Re: Why would anyone buy a condo (from an investment standpoint)

With real estate you want 18% of the properties' value in gross rents every year. So a 300k property, you want $54,000/yr in rent. Of that $54,000 you will have expenses of: 5% property value is the opportunity cost of investing in debt/equity (-15,000) 3.5% property value is lost b/c of not collecting rent 20% of the time (-10,500) 3% property value is lost to depreciation (HVAC, roof, foundation) (- 9,000) 1% property value is lost to sewer and water fees (- 3,000) 1.5% property value is lost to local property taxes (- 4,500) 3% property value is lost to management fees. Advertising, paying (- 9,000) a property manager, or just reimbursing yourself for the time spent coordinating the property ------------- So of that 54k in rent, $51k is...
by Bogle826
Mon Apr 24, 2017 9:05 am
Forum: Personal Investments
Topic: Why is Real-Estate so Bad?
Replies: 113
Views: 15283

Re: Why is Real-Estate so Bad?

Hello Boggleheads, I am a fairly young investor and have lurked/posted on these forums for a while now, and have learned a lot! However there is one concept that I just cannot get my head around. I come from a family of Real-Estate investors, and when I told them about my "Bogglehead ideas" they laughed it off and their reasoning was this: "If you invest in stocks you are investing in the value of that stock - for instance the value may go up 5-6% or it may go down, when you own that stock you don't get any benefit from it until you lock in your profits by selling that stock. Where'as when you buy real-estate, or any other business for that matter, not only are you able to profit from that business value appreciating, but yo...
by Bogle826
Fri Apr 21, 2017 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Rent versus Buy in NYC
Replies: 14
Views: 3030

Re: Rent versus Buy in NYC

I'm assuming the property you purchase can be rented out for $4k? 1) What's the purchase price? around $1.1mm? 2) What's the maintenance fee like? around 2 dollars a foot? so between $1200 to $1500 a month? I just priced out a similar property (not NYC) and got about 5% IRR after first 2 years negative and break even cash flow around year 5, which didn't seem too bad, but a lot of assumptions. However, I realized I made a huge error and that got the IRR negative much longer and even if I pushed rent to $5k, the numbers did not recover. Are you buying for cash flow or appreciation? You can buy $1M property and generate $10k/month rent for the cash flow, but pretty much give up any appreciation hopes. I'm not sure 5 years is sufficient for m...
by Bogle826
Fri Apr 21, 2017 1:27 pm
Forum: Personal Finance (Not Investing)
Topic: Rent versus Buy in NYC
Replies: 14
Views: 3030

Re: Rent versus Buy in NYC

I'm assuming the property you purchase can be rented out for $4k?

1) What's the purchase price? around $1.1mm?

2) What's the maintenance fee like? around 2 dollars a foot? so between $1200 to $1500 a month?
by Bogle826
Tue Apr 04, 2017 4:52 pm
Forum: Personal Consumer Issues
Topic: Security deposit issues upon rental move-out. Or, how do I not get ripped off?
Replies: 39
Views: 4329

Re: Security deposit issues upon rental move-out. Or, how do I not get ripped off?

if you tell them that you'll stay for the additional month and maybe longer if they want to drag this out in court if no deposit is returned, i'm sure they'll consider giving you back the deposit asap.
by Bogle826
Mon Apr 03, 2017 9:22 am
Forum: Personal Finance (Not Investing)
Topic: Low-earners- What is your profession?
Replies: 371
Views: 62315

Re: Low-earners- What is your profession?

I just want to give OP some appreciation for making an insightful as well as refreshing thread.

Some posters in this thread stated that they can retire at an early age (less than 50 yrs. old) even though they are categorized as low-income earners. How is this achievable? Is it simply living in the most frugal way possible (bulk cooking, beat-to-death vehicles, lower-end housing etc...), and then saving excess into tax efficient retirement accounts with the residuals into taxable accounts?

Maybe explain on a high level, how low income families can retire before 50 years old.
by Bogle826
Fri Feb 03, 2017 2:32 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing 4 Family House for Rental Income
Replies: 34
Views: 3874

Re: Purchasing 4 Family House for Rental Income

The valuations are the valuations, so just make sure you understand the due diligence and execution aspect of it. These are some things to think about as you form a 4-party partnership: 1) Who makes the final decision? There will be many choices to be made and not every decision will be easy to make. 2) Will there be capital calls? In case the expenses go over the budget 3) Is this a recourse loan? if the bank forecloses on the property, they will most likely go for the party with the the highest net worth. Will you be okay if the bank goes after one party for 75% of the owed balance? 4) With 3% down, it's easier to quit than trek on, especially when things go south and budget blows up. 5) Some of your friends called this "play" m...
by Bogle826
Thu Feb 02, 2017 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: In a real estate partnership, can one party not carry any debt?
Replies: 6
Views: 763

Re: In a real estate partnership, can one party not carry any debt?

Personally I wouldn't want to put myself in a situation where the bank takes the property and I have to sue my partner. I would do this if the mortgage structure you outlined was a must: Property $2MM purchased with $1mm cash and $1mm debt Party 1: 500k in cash Party 2: 500k in cash Party 1 receives 75% of cash after operating expense, 100% of all mortgage expenses are deducted from this partners distributions and any excess they have to pay out of pocket Party 2 receives 25% of cash after operating expense. In the event Party 1 defaults on their obligations to pay the mortgage Party 2 wipes out Party 1 and now owns 100% of the Property. Truthfully, I would eliminate all the mortgage issues and just do a 50/50 split of everything. Edit: Yo...
by Bogle826
Thu Feb 02, 2017 1:33 pm
Forum: Personal Finance (Not Investing)
Topic: In a real estate partnership, can one party not carry any debt?
Replies: 6
Views: 763

Re: In a real estate partnership, can one party not carry any debt?

What about this structure? Assuming it's 50% cash and 50% debt. one party services all the debt payment, while the other party doesn't. Property $2MM Party 1: 500k in cash, $1MM in bank loan with a 3 year ARM (secured by property) Party 2: 500k in cash. Party 1 receives 75% of cash after operating expense Party 2 receives 25% of cash after operating expense. In a distressed scenario - the property is now worth $1MM and property will now be foreclosed because the banks won't refi unless there is more equity. Since valuation is cut in half - party 1 owes Party 2 250K or 25% equity value of the distressed value. Party 1 equity is now wiped out and owes $250K to party 2. Since this is an LLC, Party 1 doesn't owe the bank anymore than the forecl...
by Bogle826
Thu Feb 02, 2017 12:15 pm
Forum: Personal Finance (Not Investing)
Topic: In a real estate partnership, can one party not carry any debt?
Replies: 6
Views: 763

In a real estate partnership, can one party not carry any debt?

so i'm looking to potentially acquire this property. the only problem is this partner (equity holder) would prefer to not hold any debt. the deal would be funded via 50% equity / 50% debt.

can one party hold 25% equity and all of the debt while one party just hold 25% of the equity? one would use the cash after operating expense to pay down the mortgage, whereas the other one would use the cash after operating expense as a dividend for individual use. the partner that pays down the entire mortgage should own 75% of the cash flow, whereas the pure equity holder would own 25% of the cash flow.

is this structure allowed by the banks?
by Bogle826
Fri Jan 27, 2017 9:11 am
Forum: Personal Finance (Not Investing)
Topic: Continue to rent or sell condo
Replies: 21
Views: 2827

Re: Continue to rent or sell condo

LarryAllen wrote:I would 1031 it and buy two or three houses in Memphis, KC, or other cash flow cities. Probably turn a $300k cash investment into almost $4k a month gross so you'll come out way ahead. A lot of info at biggerpockets.com on investing remotely. It's very easy.

I didn't read thru the the previous postings, so I'm not sure whether you're being sarcastic.

Haha, I haven't met one real estate investor that mentioned it's "easy"
by Bogle826
Tue Jan 10, 2017 9:14 am
Forum: Personal Investments
Topic: What would you do with $30k at 30 years old?
Replies: 49
Views: 5654

Re: What would you do with $30k at 30 years old?

flipping will give you the most upside, but how experienced are you with running the entire deal - not just the construction aspect but the regulatory, financing and deal execution aspect.

assuming little to no moderate, I would start slow and invest in the market like the poster above alluded (just to be safer), but eye toward investing in your own talent.
by Bogle826
Mon Jan 09, 2017 12:08 pm
Forum: Personal Investments
Topic: Where to park $250K (for 3 to 18 months)?
Replies: 14
Views: 2365

Re: Where to park $250K (for 3 to 18 months)?

nouveauriche wrote:Where would you park $250K (currently treading water in a 0.5% money market) that you want to keep (relatively) liquid for a project that could start in 6 to 12 months (or maybe 3 to 18 months, or then again maybe never)?

I'm bullish that the markets will respond favorably to the new Trump administration so I wonder about buying into an S&P 500 index fund/share.

Any suggestions? Thanks!
look into the no penalty 11 month Ally CD. The offering is 1.25% per year.

if that is no longer available, 1% online savings account is not bad also.
by Bogle826
Wed Jan 04, 2017 12:20 pm
Forum: Personal Investments
Topic: Possible to backdoor IRA via Vanguard Online?
Replies: 8
Views: 861

Re: Possible to backdoor IRA via Vanguard Online?

Once the money is converted to Roth IRA, I can take out the principal amount ($5,500) in the ROTH IRA with no fees/penalties right?
by Bogle826
Wed Jan 04, 2017 12:15 pm
Forum: Personal Investments
Topic: Possible to backdoor IRA via Vanguard Online?
Replies: 8
Views: 861

Re: Possible to backdoor IRA via Vanguard Online?

Thanks for the help, but can you slow down a bit (not super well-informed when it comes to these things).

so you're saying moving from traditional to ROTH IRA will have a 10% tax penalty?

I was under the assumption that there is no penalty at all during the conversion.

Thanks.
by Bogle826
Wed Jan 04, 2017 11:55 am
Forum: Personal Investments
Topic: Possible to backdoor IRA via Vanguard Online?
Replies: 8
Views: 861

Possible to backdoor IRA via Vanguard Online?

Or is calling them the only option?

Just want to transfer $5,500 from traditional IRA to Rorth IRA. The $5,500 is already in the traditional IRA.
by Bogle826
Sun Jan 01, 2017 4:53 pm
Forum: Personal Consumer Issues
Topic: What I need for sling TV for my old TV?
Replies: 10
Views: 3481

Re: What I need for sling TV for my old TV?

inspector00 wrote:https://www.roku.com/sling

Sling actually has a promo going right now where they'll give you a Roku stick for paying for your first month.
I saw the deal and was thinking about pursing it, but given that my TV doesn't have a USB slot, the stick won't help right?


***UPDATE: looks like the roku stick works with HDMI, which means I should be set, sorry about the previous message. Thanks***
by Bogle826
Sun Jan 01, 2017 4:37 pm
Forum: Personal Consumer Issues
Topic: What I need for sling TV for my old TV?
Replies: 10
Views: 3481

Re: What I need for sling TV for my old TV?

Very helpful.

It looks like some of these are more expensive and some are cheaper. I will look into which one is better for the money, but in a nutshell, is there a reason to spend extra on the Amazon Box for $90 over the Stick for ~$30, if I'm using my plasma 720p TV?

Thanks in advance.
by Bogle826
Sun Jan 01, 2017 3:46 pm
Forum: Personal Consumer Issues
Topic: What I need for sling TV for my old TV?
Replies: 10
Views: 3481

What I need for sling TV for my old TV?

My TV is a bit dated - 720P Plasma screen that doesn't have USB slots but only HDMI slots.

How can I get the SlingBox stick to work on my TV? What device would I need? I already have cable connection for the internet.

Thanks.
by Bogle826
Fri Dec 23, 2016 9:08 am
Forum: Personal Finance (Not Investing)
Topic: depositing checks over the $250k FDIC limit
Replies: 13
Views: 1878

depositing checks over the $250k FDIC limit

Just did a refi and the bank check is higher than that of the $250k FDIC limit.

What are my options? Deposit the entire check and withdraw excess over $250k to another account?
by Bogle826
Thu Dec 22, 2016 2:39 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve Travel Credits, timing issue.
Replies: 4
Views: 911

Re: Chase Sapphire Reserve Travel Credits, timing issue.

gotcha, so this sounds like, the travel expenses should be charged in early December at the latest. If it's charged late December (like now), then we're looking January statements, which means no credit for FY16.
by Bogle826
Thu Dec 22, 2016 2:22 pm
Forum: Personal Finance (Not Investing)
Topic: Chase Sapphire Reserve Travel Credits, timing issue.
Replies: 4
Views: 911

Chase Sapphire Reserve Travel Credits, timing issue.

How does the $300 travel credit work?

So If I charged my card for $300 on travel expenses in December 2016 , it this counted towards FY16? In FY17, I would get another $300 travel credit?
by Bogle826
Fri Dec 16, 2016 10:27 am
Forum: Personal Finance (Not Investing)
Topic: Is it advisable for an infant to have a bank account for 529?
Replies: 3
Views: 923

Re: Is it advisable for an infant to have a bank account for 529?

Okay, so the most simplistic approach is to fund infant's 529 from my bank account. That works also.

I just wanted a bank account for the reserve I didn't want to contribute on an annual basis, because in NY, only up to $10k of contribution is tax deductible (if i understand this correctly). That way, I can use the reserve to fund the following year.
by Bogle826
Fri Dec 16, 2016 9:05 am
Forum: Personal Consumer Issues
Topic: Benefits/longevity of more expensive ($300+) mens dress shoes?
Replies: 75
Views: 13258

Re: Benefits/longevity of more expensive ($300+) mens dress shoes?

While quality dress shoes are more expensive than the Aldo and Cole Haans of the world, they don’t have to obliterate a budget. Many people have alluded to AE seconds, which is typically the most common path for guys who want a better shoe for a slightly higher price. AE typically has two fairly popular semi-annual sales, which offer staples such as single stitched captoes and punched wingtips at a very reasonable price ($199ish). Alden is a good brand also, but mainly known for its highly coveted exotic shell cordovan. In my opinion, the value proposition for its leather shoes is not that good ($500+ for something that is comparable to AE). However, Alden’s shell cordovan is some of the best in the market. Shell is damn tough and it looks ...