Search found 1511 matches

by renue74
Tue Jun 18, 2019 2:48 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 420
Views: 35937

Re: Why are you NOT buying rental properties?

I just read through this thread thinking every new post from the OP would be the one that he seemed to be building up in in his very first post: I Made Millions Investing In Real Estate and You Can To!! Ask me how! Three easy payments of $49.99 +s/h. I've rarely seen someone try to sell something S...
by renue74
Tue Jun 18, 2019 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Any way to get out of daycare 6 week notice?
Replies: 23
Views: 1356

Re: Any way to get out of daycare 6 week notice?

Look at your agreement.

It depends also on how large the company is. If a smaller company, they are probably more lenient on this.
by renue74
Mon Jun 17, 2019 4:33 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 420
Views: 35937

Re: Why are you NOT buying rental properties?

There are two reasons that I am not buying rental properties: liability estate planning Liability ... Estate planning I have a friend whose parents were doctors, and owned one rental property. When they passed, it was up to my friend and his siblings to learn how to manage the property and decide w...
by renue74
Mon Jun 17, 2019 2:35 pm
Forum: Personal Finance (Not Investing)
Topic: Traffic ticket: Anyone use ticket Ninja or similar service?
Replies: 5
Views: 659

Re: Traffic ticket: Anyone use ticket Ninja or similar service?

I got a ticket in Charlotte about 5 years ago. 70 in a 55. (55 is the speed limit for I-77 throughout CLT)

I gave an attorney $200 and he got it down to 59 in a 55. No ramifications on insurance. No traffic school.

I didn't even show up in court. The guy just took care of it.
by renue74
Mon Jun 17, 2019 11:07 am
Forum: Personal Finance (Not Investing)
Topic: Posponing FIRE to go back to School
Replies: 16
Views: 1300

Re: Posponing FIRE to go back to School

Do your due diligence. The grass is always greener on the other side of the fence. Before pulling the trigger on an almost $50K expense to change careers, could you possibly find international work w/o an MBA? My wife switched careers in her mid-30s. She became a school teacher. (Math teacher, high ...
by renue74
Mon Jun 17, 2019 10:55 am
Forum: Personal Investments
Topic: What percentage of total portfolio in REIT's do you have? Why?
Replies: 93
Views: 3966

Re: What percentage of total portfolio in REIT's do you have? Why?

3% as a part of my total stock market fund. No additional REIT exposure.

About 35% of our overall portfolio is ownership in single family rental properties we manage. So, we don't want any additional real estate exposure.
by renue74
Mon Jun 17, 2019 9:25 am
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4027

Re: Selling Business for 2.5 Million - Where to go NEXT?

Why are people saying get a job? They can live off of interest and dividends if needed. A part time job isn’t going to give full time benefits and I doubt they want to work at Home Depot 40 hours a week just for benefits at their net worth.. I’d: -put 300k in a high yield account -get a couple of r...
by renue74
Mon Jun 17, 2019 7:29 am
Forum: Personal Consumer Issues
Topic: User reviews - How do you use them?
Replies: 33
Views: 1141

Re: User reviews - How do you use them?

I just had this conversation with a friend last week. The user review system has to be ripe for disruption by now. I don't know what the fix is....but as time goes on, the internet user review system has to change. Firstly, they are subjective. Any time you involve humans in a process, you'll get s...
by renue74
Sun Jun 16, 2019 8:33 pm
Forum: Personal Consumer Issues
Topic: User reviews - How do you use them?
Replies: 33
Views: 1141

Re: User reviews - How do you use them?

I just had this conversation with a friend last week. The user review system has to be ripe for disruption by now. I don't know what the fix is....but as time goes on, the internet user review system has to change. Firstly, they are subjective. Any time you involve humans in a process, you'll get su...
by renue74
Sun Jun 16, 2019 8:26 pm
Forum: Personal Investments
Topic: Opportunity Zone Funds
Replies: 9
Views: 700

Re: Opportunity Zone Funds

We looked at this for a real estate developer some of whose projects are in an opportunity zone, but it didn't seem practical to take advantage of it. +1 . We looked at it in real estate as well. I'm not remembering the exact details, but basically if you bought properties for rehab, you had to mat...
by renue74
Sun Jun 16, 2019 8:14 pm
Forum: Personal Investments
Topic: Opportunity Zone Funds
Replies: 9
Views: 700

Re: Opportunity Zone Funds

We looked at this for a real estate developer some of whose projects are in an opportunity zone, but it didn't seem practical to take advantage of it. +1 . We looked at it in real estate as well. I'm not remembering the exact details, but basically if you bought properties for rehab, you had to mat...
by renue74
Sun Jun 16, 2019 6:10 pm
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4027

Re: Selling Business for 2.5 Million - Where to go NEXT?

There are a lots of threads (a recent one too) about the merits of income rentals. The consensus is that it isn't risk-free (or work-free) income and that most people showing outsized returns have not been in the game long enough to hit a left-tail (rough patch). If it were "free money" then large ...
by renue74
Sun Jun 16, 2019 2:06 pm
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4027

Re: Selling Business for 2.5 Million - Where to go NEXT?

We are very close to your net worth....and have 10 rental properties (9 rentals and 1 full time Airbnb). Over the last 5 years, we bought all our property, which is worth about $800k. Our EBITA is about $100k annually from rentals and a couple seller financed deals I did a few years ago. I agree wi...
by renue74
Sun Jun 16, 2019 10:58 am
Forum: Personal Finance (Not Investing)
Topic: Job opportunity - KSA/Bahrain
Replies: 66
Views: 5258

Re: Job opportunity - KSA/Bahrain

You live in the greatest country in the world with the most freedoms. You would think Bogleheads are above pure propaganda, but it seems not... :D Ha. It was a little patriotic. I’ve heard good things about living in the Nordic countries, but I don’t like cold weather. So, I stand with my statement...
by renue74
Sun Jun 16, 2019 10:55 am
Forum: Personal Investments
Topic: Selling Business for 2.5 Million - Where to go NEXT?
Replies: 61
Views: 4027

Re: Selling Business for 2.5 Million - Where to go NEXT?

We are very close to your net worth....and have 10 rental properties (9 rentals and 1 full time Airbnb). Over the last 5 years, we bought all our property, which is worth about $800k. Our EBITA is about $100k annually from rentals and a couple seller financed deals I did a few years ago. I agree wit...
by renue74
Fri Jun 14, 2019 9:08 pm
Forum: Personal Consumer Issues
Topic: Anyone buy Security Cams from Costco?
Replies: 57
Views: 4080

Re: Anyone buy Security Cams from Costco?

I am not sure what other folks are utilizing their security cameras for. When we reached out to our local PD and their support group about these cameras they recommended to go with wired cameras if at all possible. That and many other tips on how to do the install, viewing options, and placement of...
by renue74
Fri Jun 14, 2019 12:10 pm
Forum: Personal Consumer Issues
Topic: For those who have a revenue generating website.
Replies: 29
Views: 2838

Re: For those who have a revenue generating website.

Thanks for your reply renue74. Appreciate the info and encouragement. The fresh content will also increase your organic Google/search engine ranking. I'm assuming "fresh" means regular intervals of additional content, or is it more the "latest (hot topic) content" that counts? Fresh content means r...
by renue74
Fri Jun 14, 2019 12:07 pm
Forum: Personal Consumer Issues
Topic: Anyone buy Security Cams from Costco?
Replies: 57
Views: 4080

Re: Anyone buy Security Cams from Costco?

I am not sure what other folks are utilizing their security cameras for. When we reached out to our local PD and their support group about these cameras they recommended to go with wired cameras if at all possible. That and many other tips on how to do the install, viewing options, and placement of...
by renue74
Fri Jun 14, 2019 11:21 am
Forum: Personal Consumer Issues
Topic: For those who have a revenue generating website.
Replies: 29
Views: 2838

Re: For those who have a revenue generating website.

Presintense wrote:
Fri Jun 14, 2019 11:19 am
Thanks for your reply renue74. Appreciate the info and encouragement.
The fresh content will also increase your organic Google/search engine ranking.
by renue74
Fri Jun 14, 2019 11:19 am
Forum: Personal Finance (Not Investing)
Topic: Side hustle: car rentals via turo
Replies: 16
Views: 1738

Re: Side hustle: car rentals via turo

We have a full time airbnb. I rehabbed the home completely myself...installed everything. I know every inch of that house because I finished it. When I finished it in November 2018....we airbnb'ed it. I think about 25 guests have come through since then...and I can walk through the house and see sma...
by renue74
Fri Jun 14, 2019 11:11 am
Forum: Personal Consumer Issues
Topic: For those who have a revenue generating website.
Replies: 29
Views: 2838

Re: For those who have a revenue generating website.

I own a small web design firm and will give you some info. 1) Is this a reasonable DIY starter project or does it pretty much require the use of a professional design agency from the beginning? These days, you can get fairly nice looking WP themes that focus on your business interest. Some are free,...
by renue74
Thu Jun 13, 2019 8:44 pm
Forum: Personal Finance (Not Investing)
Topic: Why are you NOT buying rental properties?
Replies: 420
Views: 35937

Re: Why are you NOT buying rental properties?

I'm tired of the responsibility that comes with rental units. I've already told my current tenants (great tenants BTW) this is the last year. Next year it's going up for sale. I believe I will experience the feeling of freedom when that is gone. This is true. It always is. Every REI has to have an ...
by renue74
Thu Jun 13, 2019 2:55 pm
Forum: Personal Consumer Issues
Topic: Why is this cabin so inexpensive?
Replies: 15
Views: 1509

Re: Why is this cabin so inexpensive?

You gotta watch people. I was looking at an investment property through Facebook Marketplace in my town. Most likely the guy was a wholesaler and didn't even own the house. He wanted $42000 for a small crappy rental house. About 3 weeks later, I drove by and the city was demolishing the house and pl...
by renue74
Thu Jun 13, 2019 9:22 am
Forum: Personal Consumer Issues
Topic: Do you repair your own appliances?
Replies: 65
Views: 3269

Re: Do you repair your own appliances?

Over the years I've taken apart our Samsung washer and mostly the dryer to replace sensors, belts, and heating elements. The parts for these are fairly cheap....I can replace all the sensors and the heating element in my dryer for about $30. Sometimes it's for the challenge. I have rental property a...
by renue74
Thu Jun 13, 2019 7:36 am
Forum: Personal Finance (Not Investing)
Topic: HVAC Installation Cost
Replies: 11
Views: 1176

Re: HVAC Installation Cost

Some of you folks got some real nice pricing. The Charlotte and Arizona contractors were reputable? $5700 is very low. Yes. My HVAC guy was a company with service techs. They came out and did a Manual J load calculation and got the building permits through the city. The $5700 one in Phoenix was def...
by renue74
Thu Jun 13, 2019 7:30 am
Forum: Personal Consumer Issues
Topic: Retired at 35 and have no friends :(
Replies: 113
Views: 10669

Re: Retired at 35 and have no friends :(

I'll give you the "other end of the spectrum." I own a small web design firm. I have 2 employees. Plus, I have 10 rental properties that I self manage. At any time, I'm always rehabbing at least one rental....like taking it down to the studs and starting over rehabs. So, I work 6 to 7 days per week ...
by renue74
Wed Jun 12, 2019 4:03 pm
Forum: Personal Consumer Issues
Topic: Careers that combine art/design and science?
Replies: 36
Views: 1505

Re: Careers that combine art/design and science?

1. User Experience Design . (UX) . or User Interface Design. (UI) where a designer creates user interfaces for mobile, web, kiosks, etc. The designer must also have a valid understanding of what can and can not be accomplished in code. The designer may also have a small background in coding, plus th...
by renue74
Wed Jun 12, 2019 9:00 am
Forum: Personal Finance (Not Investing)
Topic: HVAC Installation Cost
Replies: 11
Views: 1176

Re: HVAC Installation Cost

Last summer, I installed a Trane XR16 AC and gas furnace. Compressor outside and airhandler in attic. Also added new flexible ductwork.

The total install cost was $7200. Located near Charlotte, NC.

So your $8K is probably not far off. But you should get at least 3 quotes.
by renue74
Wed Jun 12, 2019 8:05 am
Forum: Personal Finance (Not Investing)
Topic: Additional inspections other than general inspection for new construction home in Orange County, FL area?
Replies: 26
Views: 982

Re: Additional inspections other than general inspection for new construction home in Orange County, FL area?

In SC, a home inspection costs about $400 to $500. I used them early on when I bought rental property, but soon found their recommendations to be worthless for my needs...but that was buying 40 year old basic property. In the course of new construction there are about 6 inspections the county does h...
by renue74
Wed Jun 12, 2019 7:50 am
Forum: Investing - Theory, News & General
Topic: The impact of Baby Boomers on the Future of U.S. Stocks
Replies: 41
Views: 5183

Re: The impact of Baby Boomers on the Future of U.S. Stocks

I've never understood the line of thinking that baby boomers retiring will have any impact on the stock market. For starters, about 40% of baby boomers are already retired. Second, most of them don't have any significant amount of money invested in the stock market anyways. Third, the ones with lar...
by renue74
Tue Jun 11, 2019 3:08 pm
Forum: Personal Consumer Issues
Topic: Hot Water Tank
Replies: 14
Views: 1479

Re: Hot Water Tank

Bradford is a brand sold to the trade. It's touted as better, but I think the only benefit is to the plumbing company who purchase them at discounts and resale. If you are not happy with the possible Bradford unit, then I would spec another. I don't think there are a ton of differences among the usu...
by renue74
Tue Jun 11, 2019 2:59 pm
Forum: Personal Finance (Not Investing)
Topic: Job opportunity - KSA/Bahrain
Replies: 66
Views: 5258

Re: Job opportunity - KSA/Bahrain

You live in the greatest country in the world with the most freedoms. Is $ that important to leave your wife and children, who you will not see grow up in their "best" years......to live/work in a somewhat oppressive country? Turn the table around...and put yourself in your wife's situation. As a fe...
by renue74
Tue Jun 11, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Transfer bonuses --- worth the hassle?
Replies: 13
Views: 1620

Re: Transfer bonuses --- worth the hassle?

I admit, I've only played with credit card rewards and banking bonuses a few times...but not a lot. Maybe about 6 or 7 years ago, I racked up 1 million airline miles in about a year of hard core credit card bonuses. I remember going to CVS and buying $3,000 in vanilla visa cards for loading. But, I...
by renue74
Tue Jun 11, 2019 7:50 am
Forum: Personal Finance (Not Investing)
Topic: Transfer bonuses --- worth the hassle?
Replies: 13
Views: 1620

Re: Transfer bonuses --- worth the hassle?

I recommend: The Final, Definitive Thread on Brokerage Transfer Bonuses I use ETFs to make my assets easy to move around. No need to worry about being able to transfer or buy a particular mutual fund. Naive question....but if all my portfolio is in mutual funds....can I convert to ETF without reali...
by renue74
Mon Jun 10, 2019 4:05 pm
Forum: Personal Investments
Topic: Work hard, saved hard, retired....now what :)
Replies: 22
Views: 4962

Re: Work hard, saved hard, retired....now what :)

Also....it hasn't been said, but I would reach out to an estate attorney and get a plan to together. Over and beyond the normal will, you may find trust strategies, transfer of real estate strategies or other ways to ensure the generational wealth transfer with minimal tax liability. I think in our ...
by renue74
Mon Jun 10, 2019 3:44 pm
Forum: Personal Investments
Topic: Work hard, saved hard, retired....now what :)
Replies: 22
Views: 4962

Re: Work hard, saved hard, retired....now what :)

I don't know the size of your family or their financial health, but I will say that my inlaws have "helped" my wife's siblings tremendously over the last 15 years financially. Unfortunately, it's been more of the "pay $30K to help them get out of foreclosure," type spending instead of help with coll...
by renue74
Mon Jun 10, 2019 2:32 pm
Forum: Personal Consumer Issues
Topic: Anything you wish you had spent money on when you were younger?
Replies: 71
Views: 6456

Re: Anything you wish you had spent money on when you were younger?

I've always lived weirdly cheap my whole life. Cheap 10 year old cars (i'm not a car person), casual wardrobe (clothes from goodwill, target, etc.), and we settled into a house that fit our needs but didn't strain our finances. Never have I had FOMO of anything. But the one thing I have issues with ...
by renue74
Sun Jun 09, 2019 10:28 pm
Forum: Personal Consumer Issues
Topic: Personal Experience with SCORE Business Counseling?
Replies: 5
Views: 430

Re: Personal Experience with SCORE Business Counseling?

My old business partner volunteers with SCORE. He is 71.

I think they are good for general business setup....but if you are looking for mind blowing marketing campaign help, you will be disappointed.

If you want to learn if you should be a C CORP or S CORP, they can help. 8-)
by renue74
Sun Jun 09, 2019 10:25 pm
Forum: Personal Investments
Topic: Do any teachers here use Aspire for 457 or 403(b) plans
Replies: 6
Views: 510

Re: Do any teachers here use Aspire for 457 or 403(b) plans

My wife has aspire 403b. She’s a teacher in SC.

I set it up and uses the self service option. Never have to deal with an advisor.

We use it for our total bond fund allocation...as part of our overall AA.
by renue74
Sun Jun 09, 2019 7:30 pm
Forum: Personal Finance (Not Investing)
Topic: Transfer bonuses --- worth the hassle?
Replies: 13
Views: 1620

Transfer bonuses --- worth the hassle?

I admit, I've only played with credit card rewards and banking bonuses a few times...but not a lot. Maybe about 6 or 7 years ago, I racked up 1 million airline miles in about a year of hard core credit card bonuses. I remember going to CVS and buying $3,000 in vanilla visa cards for loading. But, I'...
by renue74
Thu Jun 06, 2019 8:08 am
Forum: Personal Consumer Issues
Topic: How to pay electrician
Replies: 38
Views: 3455

Re: How to pay electrician

I'm in the process of roughing in electrical on a gut job rental house I bought in Feb. Just yesterday, I ran out of 12/2 wire for the kitchen home runs and 14/3 wire for the hard wired smoke detectors. After a trip to Lowes, I dropped $130 on wire. I didn't expect to buy more materials, but I had t...
by renue74
Wed Jun 05, 2019 6:55 am
Forum: Personal Consumer Issues
Topic: Are we downsizing too much?
Replies: 63
Views: 4684

Re: Are we downsizing too much?

1. Most people use a house far less for visitors than they thought. Don't let the tail wag the dog. Children may be perfectly happy sleeping on a mattress on the floor. 2. You will enjoy a larger master bedroom with attached bath. A house for two with three small bedrooms makes no sense. 3. Spare b...
by renue74
Wed Jun 05, 2019 6:51 am
Forum: Personal Finance (Not Investing)
Topic: Tell us your side hustle success stories.
Replies: 68
Views: 6843

Re: Tell us your side hustle success stories.

I was a ad agency creative for Fortune 500 clients, did freelance work for local/smaller clients for 20+ years. It bring in additional 20-30% income. When I was layoff after 25 years at the agency, I was able to use my skills and connections from running my freelance business to launched a full tim...
by renue74
Wed Jun 05, 2019 6:44 am
Forum: Personal Consumer Issues
Topic: Buying Burial Plot in advance
Replies: 53
Views: 2696

Re: Buying Burial Plot in advance

My dad and step mother (step mother #3), bought plots a few years ago. They lived on the SC coast at that time. He ended up moving again inland and the plots they bought were part of a national system where you can "move your plot to a different location easily." Well....the "easily" part was mis re...
by renue74
Tue Jun 04, 2019 2:20 pm
Forum: Non-US Investing
Topic: SWR on rentals
Replies: 5
Views: 368

Re: SWR on rentals

As with any retirement plan, perhaps a rental property is "one," leg of your retirement stool. The other savings vehicles that you properly diversify in such as retirement accounts (401k, 403b, IRA, etc.) and social security could be your other tools. Don't put all your eggs in one basket. As far as...
by renue74
Tue Jun 04, 2019 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Tell us your side hustle success stories.
Replies: 68
Views: 6843

Re: Tell us your side hustle success stories.

I'll give a side-hustle failure story. General carpentry is a terrible side hustle IMO. I tried it for a while and wasted so many hours trying to properly price jobs that I wouldn't get anyway, loading up and setting up/taking down tools for odd jobs, running to the hardware store for that one thin...
by renue74
Mon Jun 03, 2019 8:49 pm
Forum: Personal Investments
Topic: House Rental
Replies: 9
Views: 918

Re: House Rental

4. Possibly consider airbnb'ing the apartment. Perhaps you will make more if you are an airbnb host. Neighborhood sounds appealing. I don't mean to hijack the thread. My question: which one is better? long-term rent or airbnb/vrbo type? In some locations such as cabins near National Park, beach hou...
by renue74
Mon Jun 03, 2019 3:49 pm
Forum: Personal Investments
Topic: House Rental
Replies: 9
Views: 918

Re: House Rental

1.No LLC. 2. Make sure you have good home insurance and I would require the renters to have renter insurance. Maybe also check on umbrella policy. 3. If you are not comfortable finding tenants, chasing money, etc. Then by all means gets a property manager. A PM will do all that for you...at 10%. 4. ...
by renue74
Mon Jun 03, 2019 12:53 pm
Forum: Personal Finance (Not Investing)
Topic: Should All Grandkids Be Treated as Equal Members of Same Class?
Replies: 104
Views: 8007

Re: Should All Grandkids Be Treated as Equal Members of Same Class?

We have teenagers at the moment....16 and 13.

Just this past weekend, I asked my wife if we could give all our estate to a good non-profit. :annoyed
by renue74
Mon Jun 03, 2019 11:10 am
Forum: Personal Finance (Not Investing)
Topic: Invited to vacation house then surprised with expenses—what now?
Replies: 64
Views: 3685

Re: Invited to vacation house then surprised with expenses—what now?

Pay it and move on. The experience you endure will be memorable. We used to go on family vacations to the Carolina beach....but I found them more work than vacation. I'm also not a crowd person. So we started branching off and doing our own vacations, which are on our time, where we want to go, and ...