Search found 1006 matches

by renue74
Fri Apr 20, 2018 11:02 am
Forum: Personal Consumer Issues
Topic: Rinnai vs Rheem vs other tankless water heaters
Replies: 2
Views: 286

Re: Rinnai vs Rheem vs other tankless water heaters

I'm considering a tankless for a rental house property I own. I'm 99% we will do it. My neighbor works at the local natural gas company and they only sell Rinnai. He had one and a few other neighbors. Everybody loves it. He said the only issue he ever had out of it is during a prolonged freeze, it s...
by renue74
Thu Apr 19, 2018 1:20 pm
Forum: Personal Consumer Issues
Topic: Master Bath remodel price?
Replies: 20
Views: 1744

Re: Master Bath remodel price?

This would be a common quote range for a master remodel. You can save money by waiting until it's off season for building work/winter and working it in stages directly with laborers. Relative received a quote for low 30s for a similar job to yours, got them down to high 20s, then decided to wait an...
by renue74
Mon Apr 16, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: Rentals and Security Deposits
Replies: 21
Views: 1123

Re: Rentals and Security Deposits

There's a college rental company who bought up a ton of housing around a small 6,000 student college in my town. The rent by the room and have the parents guarantee the lease. Each tenant gets one bedroom in the lease and I think the company paid for the utilities up to X amount. In my rentals, I a...
by renue74
Mon Apr 16, 2018 3:14 pm
Forum: Personal Finance (Not Investing)
Topic: Rentals and Security Deposits
Replies: 21
Views: 1123

Re: Rentals and Security Deposits

There's a college rental company who bought up a ton of housing around a small 6,000 student college in my town. The rent by the room and have the parents guarantee the lease. Each tenant gets one bedroom in the lease and I think the company paid for the utilities up to X amount. In my rentals, I al...
by renue74
Mon Apr 16, 2018 12:27 pm
Forum: Personal Finance (Not Investing)
Topic: Can I retire at age 40?
Replies: 129
Views: 10976

Re: Can I retire at age 40?

Mid-life crisis. I'm there too.

Find another position or scale back.

Thank goodness your wife works for the school system? She should have a group health policy? My wife is a teacher and we do.
by renue74
Wed Apr 11, 2018 10:09 pm
Forum: Personal Consumer Issues
Topic: Should I prewire my home network myself?
Replies: 40
Views: 2270

Re: Should I prewire my home network myself?

I just did this for a 1935 bungalow. Coax and cat6 drops in each bedroom and 2 in the living room, plus 2 drops for wired security cameras on front and back doors. I ran everything back to a small Leviton structured wiring cabinet. Took about 1/2 day by myself to do all the drops and organize the ca...
by renue74
Wed Apr 11, 2018 7:43 am
Forum: Personal Consumer Issues
Topic: Mini Air Compressor
Replies: 22
Views: 1521

Re: Mini Air Compressor

There's a small, red Porter Cable job site pancake compressor that seems to be the "go to" for most DIY and sub contractors. I bought one about 10 years ago and use it quiet often. It's $99 at HD. Never failed me except one time where the compressor plug where you drain the air finally ended up rust...
by renue74
Tue Apr 10, 2018 3:29 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property...Tips/Learning for Newbie
Replies: 16
Views: 1071

Re: Rental Property...Tips/Learning for Newbie

Watch out for biggerpockets. Some of the folks on that forum are into alternative financing that could be pretty risky. I bought rental properties about 4 years ago and have made decent money from them. I recently sold 3 of them because the market is so hot. I used a testing worksheet that makes my ...
by renue74
Tue Apr 10, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: Parents have zero savings. What can I do?
Replies: 168
Views: 13856

Re: Parents have zero savings. What can I do?

Somehow this thread has jumped the rails. Where are the moderators on this!??!? Anyways, my insight: #1: You asked how can you get them to open up about finances. If they aren't telling you now, you can't change them. They are secretive for a reason...whether being ashamed or what. #2: "Mitigating" ...
by renue74
Mon Apr 09, 2018 1:41 pm
Forum: Personal Consumer Issues
Topic: Cruise or other vaca ideas for Dad w/13yr old twin boys?
Replies: 36
Views: 2279

Re: Cruise or other vaca ideas for Dad w/13yr old twin boys?

I have 2 sons (13 and 15). Here are the things we've done before: Kid enjoyment level (1-10) • Visit Orlando and do the water parks. Disney has a 2 and they are great. We also hit EPCOT during the same visit. Kid enjoyment level: 9 • Fly to Sanibel Island (Near Sarasota) and spend a week. Shell coll...
by renue74
Fri Apr 06, 2018 8:23 pm
Forum: Personal Finance (Not Investing)
Topic: Closing on house...Signed before educating myself :(
Replies: 8
Views: 1438

Re: Closing on house...Signed before educationing myself :(

In your offer to purchase, did you do a typical 10 day inspection period? Did you get an inspection at all? How much earnest money did you pay? Do you have a buyers agent? if so, did they suggest you do this? Is the offer considering the CO issue in writing? You need to add more information to your ...
by renue74
Fri Apr 06, 2018 8:37 am
Forum: Personal Consumer Issues
Topic: How to re-wire an antique lamp
Replies: 15
Views: 851

Re: How to re-wire an antique lamp

Amazon and Youtube are your friends. You can pick up a rewiring kit for about $15 on Amazon: https://www.amazon.com/dp/B00RQVUK9C/ref=asc_df_B00RQVUK9C5429997/?tag=hyprod-20&creative=395033&creativeASIN=B00RQVUK9C&linkCode=df0&hvadid=216516247812&hvpos=1o3&hvnetw=g&hvrand=5462800501065004938&hvpone=...
by renue74
Wed Apr 04, 2018 3:18 pm
Forum: Investing - Help with Personal Investments
Topic: LLC for rental property?
Replies: 20
Views: 1441

Re: LLC for rental property?

Even LLC members can take monthly draws. It all passes through to your personal income taxes anyways. I have several residential rental properties and attempted to set up an LLC in the beginning, but I would do cash out refi's and no bank would loan the LLC money. So, I gave up and hold all property...
by renue74
Wed Apr 04, 2018 3:11 pm
Forum: Personal Consumer Issues
Topic: Want/need some income in semi-retirement
Replies: 90
Views: 6288

Re: Want/need some income in semi-retirement

Home grocery delivery companies look for shoppers in my area.

Instacart and Shipt are the two I see looking.

Pay $25/hour.

If you like to grocery shop, it may be a good, part time gig.
by renue74
Wed Apr 04, 2018 8:23 am
Forum: Personal Finance (Not Investing)
Topic: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-
Replies: 136
Views: 10355

Re: This-millennial-couple-is-saving-150000-a-year-and-plans-to-retire-by-2029-heres-how-they-

From the outside looking in, we think..."oh goodness, how can they make due. How can they live like that?" But we all make our own lifestyles and to them, the lifestyles they made are their normal. It's not, "we're missing out on so much to save for retirement." In our own ways, we all have this. Fo...
by renue74
Wed Apr 04, 2018 8:11 am
Forum: Investing - Help with Personal Investments
Topic: How do Bogleheads Take Advantage of Dips When Fully Invested?
Replies: 55
Views: 7006

Re: How do Bogleheads Take Advantage of Dips When Fully Invested?

We are 65/35 stock/bond AA. With a 5% band before rebalancing. Even with the extreme changes lately, we haven't hit our rebalance number yet. If we do, we'll do what others indicate....sell bond funds, buy stock funds, etc. Any new money that we put in, continues to go into our preselected funds (to...
by renue74
Tue Apr 03, 2018 4:21 pm
Forum: Personal Consumer Issues
Topic: Health club memberships
Replies: 34
Views: 2880

Re: Health club memberships

That BCBS was a very good deal. I have many, many YMCA clients and they average $50-$70 per month for a single adult membership (visiting different locations). If I were you, maybe search out a club that is near your work or home and get pricing. There are multi-access memberships such as ClassPass...
by renue74
Tue Apr 03, 2018 3:14 pm
Forum: Personal Consumer Issues
Topic: Health club memberships
Replies: 34
Views: 2880

Re: Health club memberships

That BCBS was a very good deal. I have many, many YMCA clients and they average $50-$70 per month for a single adult membership (visiting different locations). If I were you, maybe search out a club that is near your work or home and get pricing. There are multi-access memberships such as ClassPass,...
by renue74
Tue Apr 03, 2018 12:45 pm
Forum: Personal Consumer Issues
Topic: Experience selling car to Carmax?
Replies: 103
Views: 116745

Re: Experience selling car to Carmax?

Just bought a car from CarMax in Nov. 2017. Wife had a 2005 Nissan Quest. 145K miles. I had just put about $1500 of work into it. Timing chain, new radiator. CarMax offered $1000 for it. I sold it for $2900 on craigslist. I showed it to one person at a common meeting point about 5 miles from my hous...
by renue74
Thu Mar 29, 2018 10:54 am
Forum: Personal Consumer Issues
Topic: Venice Suggestions
Replies: 14
Views: 896

Re: Venice Suggestions

Wife and I were there a couple summers ago. We did all the touristy things you mention. Some other ideas: • Cicchetti Tour - Venice is known for their small appetizer/bite size cicchetti. A tour will take you around to various bars and let you sample the best. • Torcello - island near Burano that no...
by renue74
Wed Mar 28, 2018 9:37 am
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent. Experience anyone?
Replies: 27
Views: 1849

Re: Lawyer instead of buyer's real estate agent. Experience anyone?

Our state requires a closing attorney. I've bought homes before without a buyers agent. Really...all an agent does is push paper to the closing attorney. The attorney seems to do all the major leg work. Our state has a standard offer to purchase document that I use and it covers all the bases...term...
by renue74
Wed Mar 28, 2018 9:32 am
Forum: Personal Finance (Not Investing)
Topic: Local Credit Union will not do a Cash Out Refi.
Replies: 19
Views: 1563

Re: Local Credit Union will not do a Cash Out Refi.

Try different banks. I buy rental property for cash and then later do cash out refis. I've found some banks just don't like to deal with them.

I found First Citizens is very friendly to these types of loans.
by renue74
Tue Mar 27, 2018 2:53 pm
Forum: Personal Consumer Issues
Topic: Purchasing an instrument
Replies: 25
Views: 1199

Re: Purchasing an instrument

My youngest (13 year old) decided percussion was going to be his thing in middle school band last year. The price of an xylophone was crazy and we actually ended up going to a few local pawn shops and found a great deal on a lightly used one for 1/6th the cost of a new one. So...you may want to try ...
by renue74
Tue Mar 27, 2018 10:33 am
Forum: Personal Consumer Issues
Topic: Knob and Tube rewire cost
Replies: 28
Views: 2690

Re: Knob and Tube rewire cost

I just did a rewire in an 80 year old house with K&T. We were pulling the walls down and putting up drywall....so we had easy access to the wall studs to put the switches/boxes/wiring in. I did a ton of work myself....buying the 14/2 and 12/2 wire, plus all the switches, boxes, staples, light/ceilin...
by renue74
Mon Mar 26, 2018 6:53 pm
Forum: Personal Consumer Issues
Topic: Savannah or Charleston?
Replies: 49
Views: 4049

Re: Savannah or Charleston?

I live in SC. Been to both towns many, many, many times.

Charleston...hands down is better to visit. So much to do, so much to eat.

Take a ghost tour, go on a horse drawn carriage ride, go out drinking, eat, and eat some more.
by renue74
Mon Mar 26, 2018 3:39 pm
Forum: Investing - Theory, News & General
Topic: More bad news for Wealthfront
Replies: 30
Views: 6919

Re: More bad news for Wealthfront

I actually found Wealthfront in 2014....after reading about a Silicon Valley founder who sold his business and was touting he had put some of his funds into WF. Back then, I had a FA and considered moving part of our portfolio to WF and self managing the rest in Vanguard, getting rid of the FA. The ...
by renue74
Mon Mar 26, 2018 3:24 pm
Forum: Personal Consumer Issues
Topic: St. Augustine long weekend...rental car needed?
Replies: 11
Views: 1115

Re: St. Augustine long weekend...rental car needed?

My folks used to live in St. Augustine. The downtown area really has 98% of anything you would want to see. As others said, the Lighthouse and Alligator Farm are about 1 mile from downtown on a slightly busy A1A road. I would get the cheap rental car. You may want to drive down to Marineland, etc. T...
by renue74
Fri Mar 23, 2018 9:36 am
Forum: Personal Consumer Issues
Topic: One month summer vacation with kids age 10 & 12
Replies: 7
Views: 490

Re: One month summer vacation with kids age 10 & 12

I agree...AirBnb would be easier. With a camper, you have to worry about breakdowns, driving it, finding camper appropriate places, parking it, theft, etc. Estes Park, CO is nice. It sounds like you are looking for an active vacation. Maybe a potential whitewater raft trip...longer term. Raft & camp...
by renue74
Thu Mar 22, 2018 8:25 am
Forum: Personal Consumer Issues
Topic: Your favorite Florida beach??
Replies: 45
Views: 3795

Re: Your favorite Florida beach??

Sanibel Island I took my kids there last July 4th week. Great beaches for shell hunting and not very crowded. We found shells like we've never seen before. Nice bike lanes, good food venues, close to Ft. Myers, etc. But, I wouldn't call it a lively night life place. There are plenty of restaurants a...
by renue74
Wed Mar 21, 2018 10:50 am
Forum: Personal Finance (Not Investing)
Topic: Home equity as part of retirement plan
Replies: 59
Views: 3586

Re: Home equity as part of retirement plan

We're easily 12-15 years from retirement. I'm 43. I count the primary home in my retirement projections because we are a few years from paying it off now and plan to not move (upgrade or downgrade) any time in our working careers. At retirement, we have some other downsize worthy property that we wo...
by renue74
Wed Mar 21, 2018 8:17 am
Forum: Personal Consumer Issues
Topic: Drink package on Royal Caribbean, worth it?
Replies: 73
Views: 6601

Re: Drink package on Royal Caribbean, worth it?

We went on a Carnival cruise last summer. We are not big drinkers, either...but I think it worked out well for us. Glass of wine at dinner, 2 or 3 frozen drinks by the pool, meet friends at the bar before dinner, visit the casino after dinner or go to a comedy show....all of a sudden, you've had 5 o...
by renue74
Thu Mar 15, 2018 3:32 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property Financial Calculator Advice
Replies: 3
Views: 309

Re: Rental Property Financial Calculator Advice

Rentals vs. investing....you haven't supplied enough data on your location, etc. to estimate whether you are in a good rental market. But, the underlying comments you made indicate you don't wish to buy any additional rental properties....you should listen to yourself. Sure...if you move, you could ...
by renue74
Thu Mar 15, 2018 11:04 am
Forum: Personal Consumer Issues
Topic: Thoughts on Myrtle Beach
Replies: 26
Views: 2729

Re: Thoughts on Myrtle Beach

I've lived in the Carolinas for 35 years. Near Charlotte. As a child, my family would take summer vacations to MB and Garden City (about 20 min south of MB)...back when you all got into the station wagon, drove to MB and drove by the hotels to see if the "Vacancy" neon light was on. My dad, retired ...
by renue74
Mon Mar 12, 2018 4:03 pm
Forum: Personal Consumer Issues
Topic: Building a website-Looking for advice
Replies: 6
Views: 334

Re: Building a website-Looking for advice

I own a small web design firm...but we cater to larger businesses who need customized web apps.

For a starter site, you might want to look at wix.com or squarespace.com.

Both offer really nice looking templates that you can customize to your needs. I've never been a fan of Godaddy.

Thx
by renue74
Mon Mar 12, 2018 2:15 pm
Forum: Personal Finance (Not Investing)
Topic: College costs not covered by 529
Replies: 30
Views: 2390

Re: College costs not covered by 529

I would think that having a student responsible for his/her own cell phone bill after high school graduation would be a good start on the march toward financial independence from parents. Offhand I'm not seeing exactly why a parent would need to fund a college student's cell phone bill.... Heh, off...
by renue74
Fri Mar 02, 2018 10:14 am
Forum: Personal Consumer Issues
Topic: New construction woes
Replies: 30
Views: 2937

Re: New construction woes

I don't see why you would hire an inspector when you already know whats wrong. Like others have said, write up a punch list and the conversation with the builder should be about what they are going to do to get these items resolved and when. Get timelines in writing and if they don't follow through...
by renue74
Thu Mar 01, 2018 3:34 pm
Forum: Personal Finance (Not Investing)
Topic: Move or renovate?
Replies: 19
Views: 1305

Re: Move or renovate?

I live in a home built in 1995. We moved into it August 2002. When we first moved in, we did replace the living room carpet with real hardwoods, but that was about it. Over the years, I've done little things...like replace some of the sink faucets with newer ones, etc. I have some rental property an...
by renue74
Tue Feb 27, 2018 8:35 am
Forum: Personal Consumer Issues
Topic: Duke University TIP Program Questions
Replies: 15
Views: 1321

Re: Duke University TIP Program Questions

My 7th grader qualified. We did it only so he could take the SAT and see how it worked. We have no intentions of sending him to any TIPs camps. There are other summer programs he's interested in where his friends will go as well or he has more interest in. He's a normal kid, has friends, is semi-soc...
by renue74
Wed Feb 21, 2018 11:53 am
Forum: Personal Consumer Issues
Topic: Multiple Offer situation/should we pull our offer?
Replies: 72
Views: 5703

Re: Multiple Offer situation/should we pull our offer?

If you feel the offer was in bad faith and possibly above the market level, I would pass. First rule in home buying, never get attached to the property. Look at the comps, if the house is on the high end vs. the last 6 month comps, why not pass and move on. There will be others. Nobody ever went hom...
by renue74
Wed Feb 21, 2018 10:53 am
Forum: Personal Finance (Not Investing)
Topic: House rewiring - cost of copper
Replies: 29
Views: 2078

Re: House rewiring - cost of copper

I rewired a 1600 sq/ft 1935 house last summer. I bought most of the wire myself and ran it with a buddy. 1000' ft of 14/2 (white) romex wire cost about $200 at HD. The kitchen and bathrooms GFCIs, and the washer require 12/2 (yellow) wire. Dryer 10/3 (black) and stove 6/3. Some 14/3 for 2way switche...
by renue74
Tue Feb 20, 2018 4:54 pm
Forum: Investing - Help with Personal Investments
Topic: How do I unwind this Wealthfront mess?
Replies: 73
Views: 8530

Re: How do I unwind this Wealthfront mess?

It amazes me that folks have portfolios like this in taxable accounts and buck the suggestions of others when it comes to capital gains/paying taxes on their earnings to unwind positions. There aren't that many options to do what you're looking for. "Wait, I made tons of money on stocks, but now I'v...
by renue74
Mon Feb 19, 2018 9:18 am
Forum: Personal Finance (Not Investing)
Topic: To refi or not to refi?
Replies: 10
Views: 595

Re: To refi or not to refi?

You're all over the place with your post. If you had bullet pointed your compensation and liabilities and then asked pointed questions, you probably would get more answers. It looks like you have $218K in loans, but they are all at good, low interest rates. • Refi the mortgage sounds fine to me. I'm...
by renue74
Fri Feb 16, 2018 12:36 pm
Forum: Investing - Help with Personal Investments
Topic: Does the absence of need for a legacy affect your AA or SWR?
Replies: 24
Views: 1853

Re: Does the absence of need for a legacy affect your AA or SWR?

This may sound coarse, but even if there are children/grand children, I'm not planning my retirement/AA around them. We've invested in our children, saved 100% for their college tuition and will help them along through life, but I'm not changing the way I live in order to share a legacy with them. T...
by renue74
Tue Feb 13, 2018 12:25 am
Forum: Personal Finance (Not Investing)
Topic: Selling a rental property
Replies: 15
Views: 1142

Re: Selling a rental property

Check recently sold properties within your area that are comparable to your house. Zillow has that and also most county websites have recently sold info in their GIS area. (My county does) Zillow can be even wrong on the recently sold stuff....so don't put a lot of stock in them. Sell the property A...
by renue74
Mon Feb 12, 2018 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Is Rental Property/Income Same as Bonds
Replies: 38
Views: 2148

Re: Is Rental Property/Income Same as Bonds

I've asked this before on here, and folks usually say no. However, I have literally been smiling all month as the equity and crypto markets are dropping, while the rent checks keep flowing in. It makes me feel good in some perverse way. I'm honestly not sure why I hold any bonds! 8-) Do you always ...
by renue74
Mon Feb 12, 2018 4:40 pm
Forum: Investing - Help with Personal Investments
Topic: Is Rental Property/Income Same as Bonds
Replies: 38
Views: 2148

Re: Is Rental Property/Income Same as Bonds

I've asked this before on here, and folks usually say no. However, I have literally been smiling all month as the equity and crypto markets are dropping, while the rent checks keep flowing in. It makes me feel good in some perverse way. I'm honestly not sure why I hold any bonds! 8-) Do you always ...
by renue74
Mon Feb 12, 2018 4:00 pm
Forum: Personal Finance (Not Investing)
Topic: Accountant not doing taxes while you are there
Replies: 53
Views: 6160

Re: Accountant not doing taxes while you are there

I haven't seen my accountant in 6 or 7 years.

I send her all the documents electronically and she sends me a review copy of my return and then I digitally sign. Could be weeks before she does them.
by renue74
Mon Feb 12, 2018 3:44 pm
Forum: Investing - Help with Personal Investments
Topic: Help me NOT pay for a financial planner!
Replies: 15
Views: 1883

Re: Help me NOT pay for a financial planner!

Your wife is looking to outside guidance simply for the "are we doing things the right way?" Every few years my wife does the same thing. We left our FA in 2015 after reading this wiki and forum. Knowing how to save and manage your money is way more important than relying on an FA to manage it. Mayb...
by renue74
Mon Feb 12, 2018 2:09 pm
Forum: Personal Finance (Not Investing)
Topic: Going Paperless Issues
Replies: 68
Views: 4313

Re: Going Paperless Issues

I have all my monthly bills set up to be paid automatically either from a credit card or from my checking account. I've read of people who had similar configurations. They drop dead and no one knows until they drain their accounts... months, possibly years later. I do most everything manually. Ummm...
by renue74
Mon Feb 12, 2018 1:48 pm
Forum: Personal Consumer Issues
Topic: Home buying: how to send postcards to neighborhood we want to live in?
Replies: 38
Views: 3926

Re: Home buying: how to send postcards to neighborhood we want to live in?

This type of stuff happens all the the time. It's sort of an offshoot of "driving for dollars," where investors drive around neighborhoods and look for aging homes and find the owners in public tax records. I don't feel like this is an exceptional use of your time. Zillow has the "make me move" opti...