Search found 1749 matches

by renue74
Fri Nov 15, 2019 10:52 am
Forum: Investing - Theory, News & General
Topic: Is the FIRE Movement Responsible for this Historic Bull Market Run
Replies: 74
Views: 5310

Re: Is the FIRE Movement Responsible for this Historic Bull Market Run

Everybody I know doesn't even know what FIRE means.

I'm pretty sure it's a small % of the population. Or maybe I don't hang out with millennials who are skipping avocado toast so they can retire by 29.
by renue74
Wed Nov 13, 2019 4:55 pm
Forum: Personal Finance (Not Investing)
Topic: What happens if you go over 529 max?
Replies: 4
Views: 313

Re: What happens if you go over 529 max?

529s have a max contribution amount. I think it's set by the state.

It doesn't count growth of the account. It just counts your contribution amount.
by renue74
Wed Nov 13, 2019 4:14 pm
Forum: Personal Consumer Issues
Topic: Productizing an idea
Replies: 28
Views: 1509

Re: Productizing an idea

Depending on how complicated your ideas are, you may be able to get them designed locally and have them 3D printed for prototyping. As with anything like this, you'll get people who say..."make anybody you deal with sign NDAs. Get a patent attorney, etc." But, even if you do that, you may not be pre...
by renue74
Wed Nov 13, 2019 11:18 am
Forum: Investing - Theory, News & General
Topic: Money Revealed
Replies: 8
Views: 1581

Re: Money Revealed

You have to be cynical. I recently met a real estate investor in my town at a REA meeting. This guy was all over Robert Kiyosaki and RALs. I personally didn't know what RALs were...and went home and researched them. Apparently a lot of the folks over at Biggerpockets.com, Robert Kiyosaki, and some o...
by renue74
Tue Nov 12, 2019 5:09 pm
Forum: Personal Finance (Not Investing)
Topic: What is "VC Potential?"
Replies: 1
Views: 329

What is "VC Potential?"

I've owned a business for 20+ years...and recently decided to start interviewing at larger firms. So, I've been out of the interview process game for a long time. Wow...back in the day, one interview and you were in our out. Now...it's a phone interview, 2 onsite interviews, and a couple personality...
by renue74
Tue Nov 12, 2019 5:00 pm
Forum: Personal Consumer Issues
Topic: Anyone had their house repiped?
Replies: 32
Views: 3283

Re: Anyone had their house repiped?

I have rental houses and do a lot of my on remodels. Earlier this year I repiped a house....drain and water supply lines. I used PEX A and Uponor ProPex Expander fittings. It's a special kind of PEX. Instead of using a coper crimp ring on the PEX tube, this uses an expanding plastic and it closes on...
by renue74
Tue Nov 12, 2019 9:04 am
Forum: Personal Investments
Topic: New Construction Home Purchase
Replies: 17
Views: 1180

Re: New Construction Home Purchase

New homes have traditionally had a very large markup. I wish! As a long time home builder I find markups to be quite a bit lower than what people think they are. In my area small homebuilders get about 20-25% on new builds. I've flipped a couple older homes and made 50-82% returns. There's a large ...
by renue74
Tue Nov 12, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: Should I buy the family cottage?
Replies: 90
Views: 7243

Re: Should I buy the family cottage?

I bought the "family beach house" for a "steep discount" and ended up spending a lot of time and money on renovations. The work was enjoyable, but it's been 10 years and every trip there ends up with at least a day of work just maintaining it, much less finishing up the final touches. The family lo...
by renue74
Mon Nov 11, 2019 4:00 pm
Forum: Personal Investments
Topic: New Construction Home Purchase
Replies: 17
Views: 1180

Re: New Construction Home Purchase

New homes have traditionally had a very large markup. I also suggest living in the area by renting before you decide to invest in buying a home. It also gives you time to hunt around in the areas of the city that you would like to live. Maybe you will find a neighborhood you fall in love with or may...
by renue74
Sat Nov 09, 2019 8:10 am
Forum: Personal Investments
Topic: Umbrella Policy - when does it NOT cover something?
Replies: 25
Views: 2852

Re: Umbrella Policy - when does it NOT cover something?

You should call and ask them to remove the rental properties from the policy, since you are paying for them but effectively getting no coverage. I did yesterday. They actually removed them when I told them I just deeded them into my LLC. Did you at the same time make sure to get a business/commerci...
by renue74
Fri Nov 08, 2019 7:21 pm
Forum: Personal Investments
Topic: Umbrella Policy - when does it NOT cover something?
Replies: 25
Views: 2852

Re: Umbrella Policy - when does it NOT cover something?

The properties did drive up the cost a little. But, last year I was paying $750 for $3M coverage and when my kid started driving it went to $1500. All other things were constant (rental property numbers) You should call and ask them to remove the rental properties from the policy, since you are pay...
by renue74
Fri Nov 08, 2019 3:02 pm
Forum: Personal Consumer Issues
Topic: How bad business travel is?
Replies: 61
Views: 4693

Re: How bad business travel is?

I own a small website/marketing firm and when I first started it, I would travel 10-20%. It's not that bad. Most companies will throw in something small like that to justify asking you to go somewhere a few times per year like a trade show or something. I wouldn't worry about that. I would be more w...
by renue74
Fri Nov 08, 2019 2:56 pm
Forum: Personal Investments
Topic: Umbrella Policy - when does it NOT cover something?
Replies: 25
Views: 2852

Re: Umbrella Policy - when does it NOT cover something?

The properties did drive up the cost a little. But, last year I was paying $750 for $3M coverage and when my kid started driving it went to $1500. All other things were constant (rental property numbers) You should call and ask them to remove the rental properties from the policy, since you are pay...
by renue74
Fri Nov 08, 2019 11:56 am
Forum: Personal Investments
Topic: Umbrella Policy - when does it NOT cover something?
Replies: 25
Views: 2852

Re: Umbrella Policy - when does it NOT cover something?

We paid much less for the same coverage with boy driver's. Much less. Are you sure your 9 properties didn't drive that cost? The properties did drive up the cost a little. But, last year I was paying $750 for $3M coverage and when my kid started driving it went to $1500. All other things were const...
by renue74
Fri Nov 08, 2019 11:54 am
Forum: Personal Investments
Topic: Umbrella Policy - when does it NOT cover something?
Replies: 25
Views: 2852

Re: Umbrella Policy - when does it NOT cover something?

I own nine rental properties and have a $3M Personal Umbrella policy with Geico. ($1500/year...because I have a 17 year new driver) Back in the summer, I deeded all my rentals from my personal name to my LLC. I completely forgot about the Umbrella policy and called Geico yesterday to make sure they...
by renue74
Thu Nov 07, 2019 6:58 pm
Forum: Personal Investments
Topic: Umbrella Policy - when does it NOT cover something?
Replies: 25
Views: 2852

Re: Umbrella Policy - when does it NOT cover something?

I own nine rental properties and have a $3M Personal Umbrella policy with Geico. ($1500/year...because I have a 17 year new driver) Back in the summer, I deeded all my rentals from my personal name to my LLC. I completely forgot about the Umbrella policy and called Geico yesterday to make sure they...
by renue74
Thu Nov 07, 2019 6:37 pm
Forum: Personal Investments
Topic: Umbrella Policy - when does it NOT cover something?
Replies: 25
Views: 2852

Umbrella Policy - when does it NOT cover something?

I own nine rental properties and have a $3M Personal Umbrella policy with Geico. ($1500/year...because I have a 17 year new driver) Back in the summer, I deeded all my rentals from my personal name to my LLC. I completely forgot about the Umbrella policy and called Geico yesterday to make sure they ...
by renue74
Wed Nov 06, 2019 8:26 pm
Forum: Personal Consumer Issues
Topic: Weddings - The good? The bad?
Replies: 47
Views: 4282

Re: Weddings - The good? The bad?

We eloped to Hawaii 20 years ago. I think our all in price for our wedding for $7,000....which included the honeymoon. We rented a Bed & Breakfast on the north shore of Oahu. Had a ceremony in the garden, had a tux and real wedding dress (no t-shirt wedding). A few hours before the ceremony, we actu...
by renue74
Mon Nov 04, 2019 10:50 pm
Forum: Personal Finance (Not Investing)
Topic: Permit Pulled Without My Knowledge
Replies: 14
Views: 2160

Re: Permit Pulled Without My Knowledge

My town use the Evolve building permit system. It's very rigid. When your buyer requested the HVAC company pull the permit, the evolve software found the Tax Map ID number and parcel owner was still you because the closing hasn't occurred. It's pretty much nothing to worry about. In my town, the HVA...
by renue74
Mon Nov 04, 2019 9:35 pm
Forum: Personal Consumer Issues
Topic: Airbnb - Guide a beginner
Replies: 64
Views: 6241

Re: Airbnb - Guide a beginner

I am an airbnb host....since Nov. 2018. The review system for Airbnb is a double blind. As a host, I can review a guest and as a guest they can review the host....but neither can see each other's review until both have written their reviews. Unlike amazon...all the reviews are written by real people...
by renue74
Tue Oct 29, 2019 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4127

Re: California Fires: Landlord/Tenant Question

LL not responsible for power grid. In my state landlord IS responsible for: "The landlord must provide running water, reasonable amounts of hot water and reasonable heat. landlord must keep in reasonably good and safe working order and condition all electrical, gas, plumbing, sanitary, heating, ven...
by renue74
Tue Oct 29, 2019 1:07 pm
Forum: Personal Finance (Not Investing)
Topic: California Fires: Landlord/Tenant Question
Replies: 71
Views: 4127

Re: California Fires: Landlord/Tenant Question

LL not responsible for power grid. In my state landlord IS responsible for: "The landlord must provide running water, reasonable amounts of hot water and reasonable heat. landlord must keep in reasonably good and safe working order and condition all electrical, gas, plumbing, sanitary, heating, vent...
by renue74
Mon Oct 28, 2019 6:35 pm
Forum: Personal Consumer Issues
Topic: How much do you plan to spend on your children's weddings?
Replies: 182
Views: 8820

Re: How much do you plan to spend on your children's weddings?

I have 2 sons.

So...how much would Taco Bell cost for 20ish people at their rehearsal dinner? That’s my number.
by renue74
Thu Oct 24, 2019 7:42 pm
Forum: Personal Consumer Issues
Topic: Does the Average Homeowner Need a Water Shut Off Valve?
Replies: 56
Views: 5466

Re: Does the Average Homeowner Need a Water Shut Off Valve?

I have first hand experience on this. I have seen floods in previous buildings so I had Phyn water monitor installed. Cost about $1200ish total w/ install. It connects to the main line before enters the house. It learns the usage over a couple weeks and test for slow leaks with pressure once a day....
by renue74
Thu Oct 24, 2019 10:05 am
Forum: Personal Consumer Issues
Topic: Rebrand to a new career...
Replies: 19
Views: 2304

Re: Rebrand to a new career...

I feel your pain. I'm 45 and have owned a marketing/advertising/web design firm for 20 years. I'm burned out...hate my clients, hated my employees and hated doing what I've done for 2 decades. In the summer, I told my few remaining employees to leave (in a nice way). They found new jobs and I've bee...
by renue74
Thu Oct 24, 2019 9:36 am
Forum: Personal Finance (Not Investing)
Topic: Part time job (20h/wk) - how to shield income from taxes?
Replies: 36
Views: 2297

Re: Part time job (20h/wk) - how to shield income from taxes?

OP, Is she on 1099? If yes, you could start an individual/solo 401K for her. https://www.bogleheads.org/wiki/Solo_401(k)_plan KlangFool +1. And Vanguard provides a solo 401(k) for fairly cheap fees. I got rid of my employees in 2019 and will be switching from a Simple IRA to a solo 401(k) in January.
by renue74
Wed Oct 23, 2019 10:59 am
Forum: Personal Finance (Not Investing)
Topic: Spending Money - Surprising Low Fun Return
Replies: 58
Views: 6246

Re: Spending Money - Surprising Low Fun Return

instead of stuff for you--try stuff for someone else. We started with 2 now do 3 smallish scholarships to the local U (2k each) One of the best days of the year is when we meet the recipients at the fall banquet. +1. This is a great idea. When I went to college, I was a poor kid from a single famil...
by renue74
Wed Oct 23, 2019 10:53 am
Forum: Personal Consumer Issues
Topic: Possible Structural Issues in a House
Replies: 21
Views: 1639

Re: Possible Structural Issues in a House

Foundation issues around my area typically cost a lot of money. I looked at a $79K rental house last month and the floors were sloped. Upon inspection, I noticed all the piers under the house were angled/tilted....indicating the house had shifted. As a homeowner, I don't mind living in a house with ...
by renue74
Tue Oct 22, 2019 2:06 pm
Forum: Personal Consumer Issues
Topic: are laser distance measurers /rulers worth it
Replies: 8
Views: 893

Re: are laser distance measurers /rulers worth it

I also work alone a lot. I rehab rentals and do some occasional flip houses. I have a Bosch laser measurement tool and it works great. I can't recall the accuracy, but I think it's down to 1/16". It's this one: Bosch GLM 50 CX. I actually use it a lot when I install crown moulding or run base board....
by renue74
Tue Oct 22, 2019 8:37 am
Forum: Investing - Theory, News & General
Topic: Yahoo: The Downsides of 401(k)s That You’ve Never Heard Of
Replies: 18
Views: 3225

Re: Yahoo: The Downsides of 401(k)s That You’ve Never Heard Of

Why is Yahoo still viable. I thought the Melissa Mayer CEO screwed it up so much and it was acquired. Can we not moth ball it now?
by renue74
Tue Oct 22, 2019 8:36 am
Forum: Personal Finance (Not Investing)
Topic: What do Bogleheads think about House Hacking?
Replies: 51
Views: 6048

Re: What do Bogleheads think about House Hacking?

The Boglehead community tends to skew to an older demographic...where they have already established a home, with children. You'll get various comments about house hacking here, but it's really up to you. It's particularly a young endeavor where one tends to take more financial chances. Personally, i...
by renue74
Mon Oct 21, 2019 7:58 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord Question
Replies: 16
Views: 2216

Re: Landlord Question

My tenants expect an an annual increase of 2-3% and I have never had a tenant leave for this reason. My properties are well maintained and my rents are market comparable. +1 My insurance and prop taxes go up each year. I don’t wish to decrease my ROI each year. I often vet potential new rentals whe...
by renue74
Sun Oct 20, 2019 8:13 pm
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 141
Views: 10321

Re: What percent of net worth should a persons house be?

I always love the "can I afford this $1M house?" In my mind, I'm thinking, who in their right mind would want a $1M house? I don't necessarily want a million dollar house, but I'd love to have a $300,000 house on $700,000 of land. Haha....good. I'm with you there. $700K of land with the house right...
by renue74
Thu Oct 17, 2019 9:15 am
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 141
Views: 10321

Re: What percent of net worth should a persons house be?

I always love the "can I afford this $1M house?" In my mind, I'm thinking, who in their right mind would want a $1M house? I don't necessarily want a million dollar house, but I'd love to have a $300,000 house on $700,000 of land. Haha....good. I'm with you there. $700K of land with the house right...
by renue74
Thu Oct 17, 2019 9:07 am
Forum: Personal Finance (Not Investing)
Topic: What percent of net worth should a persons house be?
Replies: 141
Views: 10321

Re: What percent of net worth should a persons house be?

I'm surprised on a BH forum so many people are saying it doesn't matter or that it matters little. that is, in my mind, insane. this is a forum founded essentially on two axioms 1) diversify 2) cut costs. from that, you should have as small a percentage of your net worth in your home as you find co...
by renue74
Wed Oct 16, 2019 9:15 pm
Forum: Personal Consumer Issues
Topic: Where to stay in Maui?
Replies: 24
Views: 2005

Re: Where to stay in Maui?

Last summer we vacationed in Maui. Stayed at the Grand Wailea on points for a few nights. Great, great, great pools. Then had a vrbo in Kihei. I liked Kihei. It was nice and quiet. There's a great pizza trailer in one of the parking lots that was featured on Guy's DDD. We took surfing lessons across...
by renue74
Wed Oct 16, 2019 6:56 am
Forum: Investing - Theory, News & General
Topic: REITs or investment property?
Replies: 70
Views: 5061

Re: REITs or investment property?

These arguments are funny. Yes owning rentals is more work, yes it brings in more. Anyone who says otherwise needs to rethink themselves. Would you rather own Apple stock, or be a VP at Apple? One involves work, one doesn’t. I disagree with your premise. You are in effect saying "because rentals is...
by renue74
Tue Oct 15, 2019 12:54 pm
Forum: Investing - Theory, News & General
Topic: REITs or investment property?
Replies: 70
Views: 5061

Re: REITs or investment property?

For those who have direct interest in properties, what do you estimate your unlevered and levered returns to be? TIA Packer Without leverage, I fail to see the point of investing in real estate. I also don't believe in paying down mortgages early. What's the levered/unlevered return of your private...
by renue74
Mon Oct 14, 2019 9:18 pm
Forum: Investing - Theory, News & General
Topic: REITs or investment property?
Replies: 70
Views: 5061

Re: REITs or investment property?

Maybe your first question should be: "do I really need real estate in my portfolio?" What are you trying to achieve that a classic 3-fund portfolio can't give you? #justsayin Stability of cashflows. To have some sort of semi stability, you must have multiple rental properties....to offset capital e...
by renue74
Mon Oct 14, 2019 6:00 pm
Forum: Personal Consumer Issues
Topic: How much do you spend on dry cleaning?
Replies: 27
Views: 1515

Re: How much do you spend on dry cleaning?

I usually get my t-shirts and shorts at Goodwill. I don't think any of them require dry cleaning.
by renue74
Mon Oct 14, 2019 2:50 pm
Forum: Investing - Theory, News & General
Topic: REITs or investment property?
Replies: 70
Views: 5061

Re: REITs or investment property?

This question comes up every few months. It's like comparing Apple to Oranges. About 5 years ago I started investing in rental properties in my town because I always wanted to and had the $ to do it finally. I can buy houses for $45K and rent them for $900 to $1200 per month in town. I have about 10...
by renue74
Mon Oct 14, 2019 11:28 am
Forum: Investing - Theory, News & General
Topic: REIT to Invest in Short Term Rental Market
Replies: 2
Views: 391

Re: REIT to Invest in Short Term Rental Market

I don't think so. There was a push for Airbnb to partner with some of the larger landlords in the country, but it appears to not be going so well. I own a full time airbnb house and have read a lot about airbnb arbitrage happening in larger cities with apartment availability. Some articles: https://...
by renue74
Mon Oct 14, 2019 8:42 am
Forum: Personal Investments
Topic: How much to hold in cash?
Replies: 54
Views: 8072

Re: How much to hold in cash?

I don't hold cash because I consider everything but my home accessible. My credit card can handle any emergency and I can convert my taxable funds within 1-2 days. +1 This. I can liquidate bond funds in 2 days if I needed a huge amount of cash. These days, nobody really expects you to cough up a lo...
by renue74
Sun Oct 13, 2019 7:29 pm
Forum: Personal Finance (Not Investing)
Topic: Should I invest in a ski in / ski out condo?
Replies: 50
Views: 5301

Re: Should I invest in a ski in / ski out condo?

Its a choice...not an investment. We all think about taking money out of our accounts and paying for things like kitchen remodels, etc. If you want it, buy it. It's basically the same question as.."should I buy a 2nd vacation home," and you'll never get a definitive answer here. Folks love their 2nd...
by renue74
Sun Oct 13, 2019 9:17 am
Forum: Non-US Investing
Topic: Global Child Brokerage Accounts - Non US
Replies: 6
Views: 609

Re: Child Brokerage Accounts

I've set up custodial account for my kids. Any money the make and wish to invest goes into their accounts. There are some minor tax advantages. Earnings are taxed at their rate. But, please know that upon 18, the child's account is owned by them. They can make bad choices and remove all $, if they w...
by renue74
Sat Oct 12, 2019 7:58 pm
Forum: Investing - Theory, News & General
Topic: Prominent financial adviser fined $1M
Replies: 24
Views: 4213

Re: Prominent financial adviser fined $1M

I'm in the Charlotte market and have heard this guy before. There's always a market for greed. A way for us to "beat the market," or to find alternative investments. We can say "one must do their due diligence," but many folks are not savvy enough and rely on their financial advisor to steer them in...
by renue74
Fri Oct 11, 2019 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone used Solo401k.com?
Replies: 6
Views: 510

Re: Has anyone used Solo401k.com?

I just researched a solo 401k.

Vanguard offers it and waives the fees if you have X amount in accounts with them.

In Jan. 2020, I will choose to open with them.
by renue74
Fri Oct 11, 2019 2:38 pm
Forum: Personal Finance (Not Investing)
Topic: Purchasing an old home 100yrs +
Replies: 33
Views: 2317

Re: Purchasing an old home 100yrs +

I renovated a 95 year old craftsman bungalow a couple years ago. I got it at a good deal, and did about 80% of the work myself. It's not "those stupid previous owners sucked at rehabbing," for me. It was the house had never really been renovated and a lot of the building practices from 1935 don't w...
by renue74
Fri Oct 11, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Purchasing an old home 100yrs +
Replies: 33
Views: 2317

Re: Purchasing an old home 100yrs +

I renovated a 95 year old craftsman bungalow a couple years ago. I got it at a good deal, and did about 80% of the work myself. It's not "those stupid previous owners sucked at rehabbing," for me. It was the house had never really been renovated and a lot of the building practices from 1935 don't wo...
by renue74
Fri Oct 11, 2019 11:00 am
Forum: Non-US Investing
Topic: Just started with P2P lending (Mintos). How risky is it?
Replies: 27
Views: 2412

Re: Just started with P2P lending (Mintos). How risky is it?

I used Lending Robot and invested about $10K a few years ago. The advertised rates of return are higher than expected. But, I will say, I have not had a lot of loan collection issues. But...as one said here before....these types of loans are the last to get paid in a bad economy. Unsecured debt. I'm...