Search found 1866 matches

by renue74
Tue Jun 16, 2020 8:11 pm
Forum: Personal Finance (Not Investing)
Topic: Parents in a tough situation for retirement
Replies: 117
Views: 13291

Re: Parents in a tough situation for retirement

I have a new Colombian friend. He does a lot with his family and his mother helps him so much in his daily business dealings. He told me that when she is too old to work, they will take her in and take care of her. No strings attached. My mother is 68 and she works as a person who "stays" with older...
by renue74
Wed Jun 03, 2020 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Any 529 abusers here ?
Replies: 38
Views: 4993

Re: Any 529 abusers here ?

I live in SC and have paid in the SC 529 plan for 17 years. The state tax deduction is still available.

I'm not sure that's abuse. It's a selling feature for the FutureScholar 529 fund to use when selling to SC residents.
by renue74
Wed Jun 03, 2020 7:48 am
Forum: Personal Investments
Topic: Umbrella insurance, title mismatch
Replies: 5
Views: 407

Re: Umbrella insurance, title mismatch

Hi: I didn't read the other posts, but I have umbrella insurance on my rentals. I had coverage through Geico and I actually had to call them and add each rental address to my policy. Each new address increased my annual cost marginally. Though, most insurers will make you "max out" your standard ins...
by renue74
Thu May 28, 2020 4:47 pm
Forum: Investing - Theory, News & General
Topic: Dry powder strategy?
Replies: 27
Views: 2728

Re: Dry powder strategy?

No dry powder. I have all my assets in bond or stock funds already. No EF, either. If I need money in an emergency, I can use a credit card and pay back with assets sold. As I obtain more cash from either my W2 income or from my rental property income, I invest monthly (multiple times monthly) into ...
by renue74
Mon May 25, 2020 9:20 am
Forum: Personal Consumer Issues
Topic: Self Isolating Winter Getaway Ideas
Replies: 19
Views: 1820

Re: Self Isolating Winter Getaway Ideas

We've had to cancel a couple trips already due to c19 and being home so much is making daydream about a winter trip someplace. Warm weather (60+ highs) is desirable and something where we can get out in nature is a must. Also avoiding big crowds and big cities would be critical. East Coast would sa...
by renue74
Mon May 18, 2020 6:24 pm
Forum: Personal Finance (Not Investing)
Topic: Rent is increased by 6%, negotiation tips?
Replies: 62
Views: 5844

Re: Rent is increased by 6%, negotiation tips?

OK...so I'm going to take the landlord POV here. I have 10 rental properties and routinely raise rent. Why? Because when I purchase a property, I vet it based on a series of expense metrics: property taxes, insurance, maintenance, cap ex, HOA/condo fees, etc. Then, my spreadsheet returns a % ROI. Ea...
by renue74
Tue Apr 28, 2020 11:11 pm
Forum: Personal Investments
Topic: Payoff investment property => more /less risk tolerance
Replies: 5
Views: 441

Re: Payoff investment property => more /less risk tolerance

I paid off all my rentals. Still make and average 11.4% return and I really only have to worry about insurance and prop taxes now. So if a I have vacancy, or the world comes to an end, it's not as bad as if I were leveraged.
by renue74
Thu Apr 23, 2020 4:56 pm
Forum: Personal Consumer Issues
Topic: Ridiculous HVAC Duct cleaning quote
Replies: 51
Views: 4796

Re: Ridiculous HVAC Duct cleaning quote

I flip the occasional house. Last Q4 2019, I flipped a house and my HVAC charged me $1500 (including materials) to replace all the duct work in a crawlspace and connect to the gas pack. 1200 sq/ft flip house.
by renue74
Thu Apr 23, 2020 11:57 am
Forum: Personal Finance (Not Investing)
Topic: Chase PPP Failure--Part Deux
Replies: 24
Views: 1937

Re: Chase PPP Failure--Part Deux

In early April, I applied through Kabbage.com. I didn't realize they were only a go-between. I had asked my accountant for all my 941s, quarterly wage/earnings reports from ADP, etc. to send to Kabbage. After the "false start" with Kabbage...because they never really did a good job communicating wit...
by renue74
Mon Apr 20, 2020 1:14 pm
Forum: Personal Finance (Not Investing)
Topic: No longer desiring promotion - change career?
Replies: 43
Views: 2899

Re: No longer desiring promotion - change career?

I'm a small business owner and began to "burn out" about 2 or 3 years ago after 21 years of doing the same thing. Look at other job opportunities. Maybe it's just your company's environment that you are not likely any longer. A change of pace, new co-workers, new interesting projects may change your...
by renue74
Fri Apr 17, 2020 9:18 am
Forum: Personal Finance (Not Investing)
Topic: Any One-More-Year FIRE people sticking to their plan?
Replies: 72
Views: 8472

Re: Any One-More-Year FIRE people sticking to their plan?

If FIRE people are changing their minds now, they probably didn't do a good job accessing their ability to weather storms and had ann incorrect asset allocation. I think most FIRE people do a great job at saving and spending within their needs. You never seen a FIRE person talk about saving and buyi...
by renue74
Thu Apr 16, 2020 3:31 pm
Forum: Personal Consumer Issues
Topic: Portable AC keeps tripping breaker
Replies: 26
Views: 1169

Re: Portable AC keeps tripping breaker

Newer breaker boxes contain Arc Fault breakers, which often have more nuisance trips because of their sensitivity. That may be your issue. Or you may need a larger 20 amp circuit...so you would need to reposition the A/C to test. I live in the south and we put all receptacle circuits on 15 amp arc f...
by renue74
Wed Apr 15, 2020 8:52 pm
Forum: Investing - Theory, News & General
Topic: My theory about FIRE
Replies: 419
Views: 31073

Re: My theory about FIRE

What's actionable in the OP's original post?

It's interesting how some threads run forever and others are shut down.

Like the the "convince me to not buy a Tesla..." that thread is "run it's course" and should be a poster child for "running it's course."
by renue74
Tue Apr 14, 2020 1:49 pm
Forum: Personal Finance (Not Investing)
Topic: SBA EIDL Funds
Replies: 30
Views: 1473

Re: SBA EIDL Funds

I applied last Saturday for EIDL and late last week week for PPP. The PPP loan made me jump through hoops. Last 4 quarters of form 941 filings, a year of ADP payroll reports, my last 1120 and any K1 statements.

I've heard nothing from either.
by renue74
Mon Apr 13, 2020 10:10 pm
Forum: Investing - Theory, News & General
Topic: Airbnb getting hit?
Replies: 50
Views: 4749

Re: Airbnb getting hit?

I had a full time Airbnb and switched it to a long term rental back in November.

I have several friends in town and they have been hit with cancellations.

My new tenants are retired downsizers and pay on time. I love them.
by renue74
Mon Apr 13, 2020 10:07 pm
Forum: Personal Consumer Issues
Topic: Lawn tractor not starting
Replies: 35
Views: 1572

Re: Lawn tractor not starting

I have a JD zero turn and went through batteries a lot!

Then last year I did a complete tune up and I also replaced my starter solenoid.

Been starting like a champ since I replaced the solenoid.
by renue74
Sun Apr 12, 2020 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: How to find a side gig (web developer / programmer)?
Replies: 6
Views: 997

Re: How to find a side gig (web developer / programmer)?

I own a small web design firm. I am winding it down after 21 years of work. My few developers often do get side projects from word of mouth, but also they are on gig websites like u
Upwork and Fiverr.
by renue74
Fri Apr 10, 2020 11:23 am
Forum: Personal Investments
Topic: The Coming Baby Boom?
Replies: 48
Views: 2073

Re: Will there be a baby boom in 8 to 10 months?

Yes....but as others have pointed out...only first time parents. Guys...it's called bored sex. You're young, you have no kids and you're locked up in the house together and you've seen season 3 of Ozark, Tiger King, and all the episodes of Friends. What else is there to do? I don't know if there is ...
by renue74
Thu Apr 09, 2020 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Help for Landlords in the Stimulus Bills?
Replies: 198
Views: 13557

Re: Help for Landlords in the Stimulus Bills?

I'm adding this sort of risk (e.g. new laws unfavorable to landlords) to the list of reasons why I am not a landlord. There is always political risk in any investment. I don't know why property owners ever thought they were exempt from this. That's true, though it seems safe to say that certain ent...
by renue74
Thu Apr 09, 2020 11:06 am
Forum: Personal Investments
Topic: Moving some cash back in
Replies: 25
Views: 2038

Re: Moving some cash back in

My allocation was about 60/40 stock/bond on March 1. We are 45 and 50 years old. Today it's 55/45 and any new money we get, I dump into stock funds. Vanguard Total Stock Fund. We have monthly cash flow from rental houses and some seller finance notes I own....so I try to pump cash in monthly. We did...
by renue74
Wed Apr 08, 2020 3:26 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 1134
Views: 116044

Re: Why are you NOT buying rental properties?

I could never buy rental properties because I could never evict a tenant who fell on hard times. I'm not holier than thou, I just know I couldn't do it and it would be a losing proposition for me. I don't think I could ever be a landlord because I could evict a tenant, and I have seen through the e...
by renue74
Tue Apr 07, 2020 8:57 pm
Forum: Personal Consumer Issues
Topic: How do you maximize enjoyment after achieving FI?
Replies: 161
Views: 8677

Re: How do you maximize enjoyment after achieving FI?

This is a confusing way to ask what the meaning of life is. +1. Once you live long enough, most people find little use for material things. People spend a lifetime accumulating "stuff," and then downsize. You can't ask people here how to maximize enjoyment because it's different for each person. Yo...
by renue74
Wed Apr 01, 2020 9:25 pm
Forum: Investing - Theory, News & General
Topic: Investing in stocks in the current market conditions: how and when would you do it?
Replies: 83
Views: 5917

Re: how many Bogleheads cheating..

huh? prohibited by Vanguard for trading stocks i thought you could trade stocks all day long on there i know mutual fund trades have restrictions "free-loading" is when you buy a stock and don't have money in your settlement account....but sell the stock before your money arrives in the account to ...
by renue74
Wed Apr 01, 2020 8:46 pm
Forum: Investing - Theory, News & General
Topic: Investing in stocks in the current market conditions: how and when would you do it?
Replies: 83
Views: 5917

Re: how many Bogleheads cheating..

OK...I'll bite. 2 weeks ago, I bought Carnival at $16.25 on a Friday morning. (200 shares) I was twitchy all day and kept thinking about it.....then I sold it at $17.25 that same Friday afternoon. Caught my hand slapped by Vanguard for "free loading," my stock trading that day and on a 90 day probat...
by renue74
Wed Apr 01, 2020 8:41 pm
Forum: Investing - Theory, News & General
Topic: What is your age/AA during this crisis?
Replies: 138
Views: 6504

Re: What is your age/AA during this crisis?

Age 45 (wife 50). Before 61/39 Now 55/45 Portfolio: $1.175M We've rebalanced some $ back into stocks and have added new $ to stocks. 40% of our net worth is in paid-off rental properties and seller finance notes we own. Any extra $ from operations goes into our portfolio. Estimate part time retireme...
by renue74
Mon Mar 30, 2020 8:32 pm
Forum: Personal Finance (Not Investing)
Topic: Help for Landlords in the Stimulus Bills?
Replies: 198
Views: 13557

Re: Help for Landlords in the Stimulus Bills?

I'm not saying this is appropriate, but in my small window of being a landlord (7 years), I've found that when I have tenants sign the 1st year lease, I used a standard state rental agreement and it auto renews to a month to month lease after the 12 months. Many landlord friends of mine sometimes fo...
by renue74
Thu Mar 26, 2020 7:06 am
Forum: Personal Consumer Issues
Topic: Anyone disenchanted with retirement?
Replies: 326
Views: 50535

Re: Anyone disenchanted with retirement?

I'm 45 and just going through my "next chapter in life," after owning a small business for 21 years. I can't say I'm retired...but just working part time and changing my thinking. I agree...those who tie their existence to their job title might find it difficult, but I look at it this way....over th...
by renue74
Wed Mar 25, 2020 11:07 am
Forum: Investing - Theory, News & General
Topic: P2P lenders
Replies: 3
Views: 282

Re: P2P lenders

I used LendingRobot a few years ago and invested about $5K into it. I stopped the auto re-invest a while ago and slowly have been taking $ back out. I don't like like the idea of it and I have a few seller financed properties that I get $ from that I can actually foreclose on...if needed. I didn't h...
by renue74
Wed Mar 25, 2020 11:04 am
Forum: Investing - Theory, News & General
Topic: So bottom is probably behind us....right?
Replies: 709
Views: 63814

Re: So bottom is probably behind us....right?

Thursday some unemployment numbers come out. Come back and comment after that.
by renue74
Sun Mar 22, 2020 8:01 pm
Forum: Personal Finance (Not Investing)
Topic: New 529 now??
Replies: 7
Views: 483

Re: New 529 now??

Any time is a good time to fund a 529, provided you have saved money in your tax deferred and tax free retirement accounts. I had a son 17 years ago and opened a 529, a month before he was born. His account averaged 7% over the last 17 years. Just make sure you save for yourself before the college s...
by renue74
Wed Mar 18, 2020 8:54 pm
Forum: Personal Finance (Not Investing)
Topic: How many are regretting not investing in real estate
Replies: 55
Views: 5297

Re: How many are regretting not investing in real estate

I'm not sure anybody is...because comparing REI and stock market investing is like comparing a Tesla to a Yugo. (80s fun mobile) About once every few weeks somebody will bring up real estate as an alternative to market investing...but it's not. I take money I earn and buy houses and rent them to peo...
by renue74
Wed Mar 18, 2020 12:07 pm
Forum: Investing - Theory, News & General
Topic: Rental Property Hedge
Replies: 8
Views: 463

Re: Rental Property Hedge

Focus on efficient management, run the business "clean" (minimal debt, expenses, etc), cut costs IE: self manage vs mgt co, treat tenants well to encourage tenancy. Hang on. j :happy Sandtrap....what is your perspective on retired tenants? I have a few retirees who are transitioning into a couple p...
by renue74
Wed Mar 18, 2020 11:57 am
Forum: Personal Consumer Issues
Topic: Cruise cancelled [take refund or future credit?]
Replies: 51
Views: 2719

Re: Cruise cancelled [take refund or future credit?]

I've considered buying CCL stock, but did some research this morning. Almost 40% of their corporate debt is due in 2020 and 2021, which would be a big chunk for a successful cruise line to pay. They will have to end up renegotiated debt terms or filing Ch. 11 and forcing debt negotiations. Take the ...
by renue74
Wed Mar 18, 2020 9:18 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 52326

Re: How Is Your Job Being Impacted By The Current Crisis?

My Amazon FBA sales are through the roof. I sold $8000 in product in 15 days...with a 30-40% margin, but running out of inventory at Amazon. On Amazon, do you sell what would be considered essential goods during a quarantine? I've been wondering whether Amazon was seeing an increase in everything, ...
by renue74
Wed Mar 18, 2020 8:35 am
Forum: US Chapters
Topic: How Is Your Job Being Impacted By The Current Crisis?
Replies: 505
Views: 52326

Re: How Is Your Job Being Impacted By The Current Crisis?

I own a small web design firm. In September 2019, I told my 2 employees to find other jobs and I now work part time...plus, I have 10 rental properties and various seller notes. I also just started Amazon FBA selling in January...just to learn a new thing. My part time web design business has gone q...
by renue74
Wed Mar 18, 2020 8:23 am
Forum: Personal Finance (Not Investing)
Topic: Easiest way to file child's taxes
Replies: 11
Views: 641

Re: Easiest way to file child's taxes

I used TurboTax for my teens return. Did it in about 15 minutes and it was very easy. He got his checks about 2 weeks later.
by renue74
Wed Mar 18, 2020 8:21 am
Forum: Personal Investments
Topic: Landlords how are you handling your renters
Replies: 16
Views: 2002

Re: Landlords how are you handling your renters

In SC the magistrates have stopped evictions until things get better. It’s the middle of the month, so I haven’t had to discuss April rent payments yet. I did send out a text about not flushing paper towels or “flushable” wipes in the toilet as a reminder. I don’t think April will be a problem, but ...
by renue74
Tue Mar 17, 2020 10:37 am
Forum: Personal Consumer Issues
Topic: How to get Toilet Paper ? seriously.
Replies: 684
Views: 56444

Re: How to get Toilet Paper ? seriously.

Online is an option. There are a ton of possible websites to search. I actually bought some last Saturday night at Rite-aid.com, a site I typically don't visit. Websites might include: Home Depot Walgreens Dollar General CVS Rite Aid Lowes Office Depot Staples Walmart.com Menards I know somebody men...
by renue74
Tue Mar 17, 2020 10:29 am
Forum: Personal Finance (Not Investing)
Topic: Need to refinance rental property
Replies: 2
Views: 162

Re: Need to refinance rental property

Cash out refi's for rental property can be very regional to you as far as what banks are investor friendly or not. I would suggest trying your local credit unions first. I've had decent luck with mine for rentals. In my area, First Citizen's bank was very investor friendly on a cash out refi on a sm...
by renue74
Mon Mar 16, 2020 12:26 pm
Forum: Personal Consumer Issues
Topic: Are you in the mood to buy anything?
Replies: 62
Views: 5043

Re: Are you in the mood to buy anything?

I put $100 down on a Tesla Cybertruck this weekend. I met a guy last week and he let me drive his Model 3. I've thought about pulling the trigger on a Tesla before...but I'm not a "car person." I own a 2005 Honda Pilot and it's a workhorse for me...carrying tools, etc. I loved driving the Model 3 an...
by renue74
Sun Mar 15, 2020 7:57 pm
Forum: Investing - Theory, News & General
Topic: IPS and physical Real Estate
Replies: 4
Views: 211

Re: IPS and physical Real Estate

Real estate investing accounts for 30-35% of my net worth....all my rentals are paid for and not leveraged. The only planning that goes across real estate and my mutual fund portfolio is to make sure I stay about 30% in REI. I don’t want to overly invest in real estate, but want to keep it at a cert...
by renue74
Fri Mar 06, 2020 2:48 pm
Forum: Personal Investments
Topic: Young Investor Roth Or Rental Properties
Replies: 23
Views: 1249

Re: Young Investor Roth Or Rental Properties

I started investing in rental properties about 7-8 years ago. Yes it's work. I actually enjoy it. You're on the wrong forum because most folks here are not REI friendly and biggerpockets.com is often too far on the real estate side. I didn't start investing in REI until I had money saved. Every week...
by renue74
Wed Mar 04, 2020 2:18 pm
Forum: Personal Consumer Issues
Topic: House on the market in June, move-out in Oct/Nov?
Replies: 25
Views: 1990

Re: House on the market in June, move-out in Oct/Nov?

If you sell in the summer...people will want to move in soon.

I own an airbnb. I get folks "in between homes" all the time. Last winter, I got a family who booked for Feb-May because the house they were moving into was not ready yet.

You can find housing...just have to look a little.
by renue74
Wed Mar 04, 2020 9:45 am
Forum: Personal Consumer Issues
Topic: Help/Advice with Decluttering
Replies: 37
Views: 2776

Re: Help/Advice with Decluttering

How I declutter (which I need to do again): 1.) Start in room 1. Look around room 1...anything I haven't touched in 1 year? Remove it to 2 piles: pile 1...throw away....pile 2...goodwill. Don't leave room 1 until you have throughly removed what you don't need/touched in 1 year. 2.) Go to room 2 and ...
by renue74
Sun Mar 01, 2020 2:34 pm
Forum: Personal Finance (Not Investing)
Topic: In-law suite plan
Replies: 26
Views: 2338

Re: In-law suite plan

Are the parents actually really on board with this idea? You need to qualify that. I have a mom who is 68 and lives alone about an hour away. I've considered buying a small condo for her near us and she jokes about it, but is stubborn and won't commit. Super wishy-washy. So...for now, I just buy ren...
by renue74
Thu Feb 27, 2020 11:33 am
Forum: Investing - Theory, News & General
Topic: who is worried and feels like selling stocks?
Replies: 254
Views: 18949

Re: who is worried and feels like selling stocks?

This is what I do when I see some bad days in the market. 1.) Don't look at my portfolio for a few days. I haven't looked since Feb. 20th. 2.) When I open my google spreadsheet, I look at my AA %. If they are way out of whack, then I'll reallocate and look at my numbers. I just looked and my AA went...
by renue74
Thu Feb 20, 2020 9:33 am
Forum: Personal Consumer Issues
Topic: Used car purchase - now dreading it
Replies: 117
Views: 8369

Re: Used car purchase - now dreading it

Try the ozone treatment.

I have an ozone machine for my rental properties and it does wonders for smoke and "old" smells. I leave the thing going for 10 hours or so in a property.

It gives off a weird smell at first...but the smell goes away and supposedly the other scents as well.
by renue74
Thu Feb 20, 2020 6:20 am
Forum: Personal Finance (Not Investing)
Topic: Home for Mother In Law
Replies: 10
Views: 1478

Re: Home for Mother In Law

My mom is 68 and lives about and hour away. She's rented her entire life and probably only makes about $1500 to $2000 per month. (SS and senior care income) At some point she will need to move closer to us. We've discussed her moving in, but recently I purchased a small 2 bedroom rental condo in a "...
by renue74
Wed Feb 19, 2020 11:05 am
Forum: Investing - Theory, News & General
Topic: Best way to rebalance
Replies: 5
Views: 477

Re: Best way to rebalance

Read this post: https://www.bogleheads.org/wiki/Tax-efficient_fund_placement Stop automatic dividend reinvestments. Move that money to a new fund that fits your AA you want to have. You can run basic scenarios in a spreadsheet using today's ticker info and estimate how many shares you would need in ...
by renue74
Tue Feb 18, 2020 9:44 pm
Forum: Personal Consumer Issues
Topic: Potential sue - Loss of money
Replies: 128
Views: 12407

Re: Potential sue - Loss of money

Joe, I found the CCnR in my closing paperwork and it says that I must get approval from the Architecture Committee but given, we don't have a HoA - Who enforces CCnR ? Is it the county ? Who do I contact to even get approval for any architecture changes ? The CCnR document doesn't list any company ...