Search found 1241 matches

by renue74
Fri Jan 18, 2019 4:55 pm
Forum: Personal Consumer Issues
Topic: Myrtle Beach Restaurants
Replies: 15
Views: 1016

Re: Myrtle Beach Restaurants

Dinner at Pirate's Voyage is just OK. I don't think the food is the main attraction.
by renue74
Fri Jan 18, 2019 4:45 pm
Forum: Personal Consumer Issues
Topic: finding a good plumber
Replies: 19
Views: 1301

Re: finding a good plumber

What book did you buy? I bought "Plumbing A House, For Pros by Pros" by Peter Hemp. I started reading it a few nights ago. A lot of the content, I can find online. This rental house I'm going to replumb has old cast iron drains and copper & galvanized supply lines. I can run PEX and PVC drain lines...
by renue74
Fri Jan 18, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Have I Now Become Out of Touch Financially? Aging question...
Replies: 90
Views: 11079

Re: Have I Now Become Out of Touch Financially? Aging question...

livesoft wrote:
Wed Jan 16, 2019 5:02 pm
I use a 2-liter bottle of Dr Pepper as my inflation index. This week they were 88 cents each, so no inflation for past 5 years.
The funny thing....you can buy a 2 liter bottle of Dr. Pepper for 0.88. Or you can over to the cooler and buy a 20 oz. one for $1.80.
by renue74
Fri Jan 18, 2019 12:50 pm
Forum: Personal Consumer Issues
Topic: Airbnb - cleaning fee, service fee, occupancy fee....???
Replies: 105
Views: 9172

Re: Airbnb - cleaning fee, service fee, occupancy fee....???

I like airbnb but its ridiculous now. Im looking for places next weekend. Room cost is 95, total cost for one night is 181?! Cleaning fee of $65?? Might as well make a mess on purpose to be honest. For several years, we had some high-end vacation rental cabins (one was lodge-sized). We charged one ...
by renue74
Wed Jan 16, 2019 2:40 pm
Forum: Investing - Help with Personal Investments
Topic: Why are you NOT buying rental properties?
Replies: 214
Views: 15043

Re: Why are your NOT buying rental properties?

Your "time in" is too short. I own 4 rentals and a full time airbnb. Wait until you've held properties for years and gone through tenant cycles. I have a few landlord friends and it appears after about 10 years for them both, they hated their rentals. Detested them. Both had approximately 15 propert...
by renue74
Wed Jan 16, 2019 11:29 am
Forum: Personal Consumer Issues
Topic: finding a good plumber
Replies: 19
Views: 1301

Re: finding a good plumber

What book did you buy? I bought "Plumbing A House, For Pros by Pros" by Peter Hemp. I started reading it a few nights ago. A lot of the content, I can find online. This rental house I'm going to replumb has old cast iron drains and copper & galvanized supply lines. I can run PEX and PVC drain lines...
by renue74
Tue Jan 15, 2019 7:53 pm
Forum: Personal Consumer Issues
Topic: Are You Dumping Netflix?
Replies: 175
Views: 10203

Re: Are You Dumping Netflix?

All the providers do this. I remember when Playstation VUE was $29. Now it's up to $46. We have Netflix, Hulu, Playstation VUE, and Prime. We share these with a full time airbnb we own, so that is an "expense," to some extent. It's like anything else...we'll continue to pay for it until we absolutel...
by renue74
Tue Jan 15, 2019 7:44 pm
Forum: Personal Consumer Issues
Topic: finding a good plumber
Replies: 19
Views: 1301

Re: finding a good plumber

I hate to say this...but finding good vendors for home reno work, I've found that if you educate yourself on the subject, then you know whether you are getting taken or not. Plus, get multiple quotes. I love DIY stuff and have rental houses and a full time airbnb. So I spend a ton of time on youtube...
by renue74
Tue Jan 15, 2019 3:31 pm
Forum: Personal Consumer Issues
Topic: Hawaii vacation, any recommendations?
Replies: 30
Views: 2564

Re: Hawaii vacation, any recommendations?

I was an Army brat and started school in Oahu (stayed there 2 years). I got married on the North Shore in an eloped wedding and have taken our boys back for Spring Break (once to Oahu and once to Maui). Say what you want, Oahu is not that bad. Definitely don't stay in Waikiki or anywhere in Honolulu...
by renue74
Mon Jan 14, 2019 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: self-employed workers comp insurance
Replies: 2
Views: 183

Re: self-employed workers comp insurance

I have a small website design firm. I have 2 employees and a few years ago I was paying $1800/year for WC through the Hartford. I actually switched to Statefarm and they are about $1000/year. It is dependent on state and profession. You should start with your carrier who have deal with for car/home ...
by renue74
Mon Jan 14, 2019 12:11 pm
Forum: Investing - Help with Personal Investments
Topic: Tool for accurate asset allocation %?
Replies: 1
Views: 247

Tool for accurate asset allocation %?

We have several accounts over various financial institutions. Typically, in the past, I've just used a "stock fund are stocks and bond fund are bonds," for my AA.

What's the best way to get an accurate AA?
by renue74
Mon Jan 14, 2019 9:10 am
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3542

Re: too much college savings

Good problem to have. Why not withdrawal unused and pay tax ? Why not you use, go to any European university and learn simething that interests you or your spouse ? There are tons of language schools throughout Europe. They do immersive language training. I would love to visit Italy for 2 months of...
by renue74
Sun Jan 13, 2019 10:00 pm
Forum: Personal Finance (Not Investing)
Topic: too much college savings
Replies: 40
Views: 3542

Re: too much college savings

Spouse or you can benefit from future education expenses.

You can also save account for grandchildren.
by renue74
Fri Jan 11, 2019 9:32 am
Forum: Investing - Help with Personal Investments
Topic: Biggest Investment Mistake
Replies: 164
Views: 11222

Re: Biggest Investment Mistake

Waiting until my 30s to really start "understanding" investing. Can't get those years back.
by renue74
Thu Jan 10, 2019 4:50 pm
Forum: Personal Consumer Issues
Topic: Short trip to Orlando with my parents and children
Replies: 25
Views: 1530

Re: Short trip to Orlando with my parents and children

Wow. I took our boys to Disney about 10 years ago when they were 7 and 5. We did it over Thanksgiving holiday and we loved it. It was busy, but not really that bad. I think we did Magic Kingdom, Animal Kingdom, and MGM....in 4 days. I remember it being one of our better family vacations when the kid...
by renue74
Thu Jan 10, 2019 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Sold a rental property for an "ordinary loss of $70,719" in 2018 - how will this affect taxes?
Replies: 23
Views: 2027

Re: Sold a rental property for an "ordinary loss of $70,719" in 2018 - how will this affect taxes?

I sold a rental property in 2018 for an ordinary loss of $70,719 . I'm trying to figure out how this loss will be applied to my 2018 taxes. Will 100% of the $70,719 be deducted from my 2018 total income or is there a limit similar to the $3000 max for realized losses in a Vanguard taxable account? ...
by renue74
Wed Jan 09, 2019 2:54 pm
Forum: Personal Consumer Issues
Topic: Advice for moving from urban to rural ~ real estate issues?
Replies: 10
Views: 753

Re: Advice for moving from urban to rural ~ real estate issues?

Rental health can be geographically specific. I have rental houses near Charlotte, NC. and I typically list them on Zillow, Trulia, etc. The service is actually free to list. But...at any one time, there will be about 20-40 rental houses open in my 65,000 person town. When I post on Zillow, I will g...
by renue74
Tue Jan 08, 2019 10:36 am
Forum: Personal Consumer Issues
Topic: Kitchen Sink Gurgles (sometimes with water) with washing machine running
Replies: 12
Views: 1058

Re: Kitchen Sink Gurgles (sometimes with water) with washing machine running

Every drain needs to be vented. If your kitchen sink does not have a vent (white pipe coming out the roof) or an air admittance valve which would be under your sink, then it needs to be vented. A vent is typically a 1 1/2" or 2" white PVC pipe in modern homes that is in the wall cavity and shoots o...
by renue74
Tue Jan 08, 2019 10:01 am
Forum: Personal Consumer Issues
Topic: Kitchen Sink Gurgles (sometimes with water) with washing machine running
Replies: 12
Views: 1058

Re: Kitchen Sink Gurgles (sometimes with water) with washing machine running

Every drain needs to be vented. If your kitchen sink does not have a vent (white pipe coming out the roof) or an air admittance valve which would be under your sink, then it needs to be vented. A vent is typically a 1 1/2" or 2" white PVC pipe in modern homes that is in the wall cavity and shoots ou...
by renue74
Tue Jan 08, 2019 9:47 am
Forum: Personal Consumer Issues
Topic: Thoughts on Buying a Ryan Home?
Replies: 30
Views: 3070

Re: Thoughts on Buying a Ryan Home?

National builders have gotten building science down. The reason they offer X number of plans is because each plan is a pre-packaged "kit." When you go to a job site, the "kit" is delivered based on the plans and it includes all materials to frame, rough-in, etc. a house. Employees are forbidden to u...
by renue74
Mon Jan 07, 2019 3:23 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 7416

Re: Safe withdrawal rate at 38 years old

I was in a similar boat as you when I was 40 (4 years ago). I sold a side gig mobile app business. I still own a very small web design agency with 2 employees. My suggestion is to look for a job that interests you and do that. Live off that $ and then if you want to go on nice vacations, etc. Do it....
by renue74
Mon Jan 07, 2019 2:21 pm
Forum: Investing - Theory, News & General
Topic: Safe withdrawal rate at 38 years old
Replies: 95
Views: 7416

Re: Safe withdrawal rate at 38 years old

3% would be good.

I sold a business in 2013 and have a small business I still work out. The new money allowed me to invest in rental property and some minor flips.

At your age...the next job should be fun for you. Take your time and find a good fit.
by renue74
Fri Jan 04, 2019 4:14 pm
Forum: Investing - Help with Personal Investments
Topic: SIMPLE IRA - Employee Elective Deferral deadline
Replies: 2
Views: 146

Re: SIMPLE IRA - Employee Elective Deferral deadline

Spirit Rider wrote:
Fri Jan 04, 2019 2:06 pm
For a W-2 employee, deduction from payroll with a pay date on or before 12/31. Deposited no later than 1/30.

For a self-employed individual, contributed and deposited no later than 1/30.
Thank you!
by renue74
Fri Jan 04, 2019 12:58 pm
Forum: Personal Finance (Not Investing)
Topic: Wrap investing assets in an LLC
Replies: 19
Views: 1203

Re: Wrap investing assets in an LLC

boglerdude wrote:
Wed Jan 02, 2019 3:39 am
Asset protection:
Umbrella insurance.
Drive less and use dash cams.
"Give your assets away" with a trust. (usually not a good idea)
Dont antagonize anyone including your spouse.
:sharebeer

That goes for asset protection and general life happiness.
by renue74
Fri Jan 04, 2019 12:47 pm
Forum: Investing - Help with Personal Investments
Topic: SIMPLE IRA - Employee Elective Deferral deadline
Replies: 2
Views: 146

SIMPLE IRA - Employee Elective Deferral deadline

Looking for the deadline for employee portion of SIMPLE IRA contribution. Was it December 31st?
by renue74
Thu Jan 03, 2019 5:22 pm
Forum: Personal Consumer Issues
Topic: Hughes internet
Replies: 16
Views: 970

Re: Hughes internet

My in-laws have Hughes. It's painfully slow when I got to visit them. They don't stream anything.

It's amazing how much we rely on internet access.

My office had line of sight access for 2 years. It was faster than the local telcom's cable access. Super fast.
by renue74
Wed Jan 02, 2019 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Time to Sell Rental Property?
Replies: 26
Views: 1657

Re: Time to Sell Rental Property?

I had 2 duplexes we bought in 2014. They were in "C" class neighborhoods and turned a great yearly profit. We had bought them for $35K and $42K and in 3 years doubled in value. We sold them last year. I looked at the fact the net profit from the sale of the duplexes were about 5 or 6 years net incom...
by renue74
Wed Jan 02, 2019 11:02 am
Forum: Personal Consumer Issues
Topic: Your ideal home size
Replies: 130
Views: 8293

Re: Your ideal home size

3 bed/2 1/2 bath, 2800 sq/ft (with walk out basement) 2 adults, 2 kids $205,000 in 2002 (live near Charlotte, NC) We've lived in the same house for 16 years. (Moved in the day before our 16 year old was born.) The house is a magnet for "more stuff." Every closet is full, every drawer is full, the ga...
by renue74
Mon Dec 31, 2018 6:20 pm
Forum: Personal Finance (Not Investing)
Topic: How to choose a rental property?
Replies: 10
Views: 1088

Re: How to choose a rental property?

I love vetting rental property. I agree, biggerpockets will give you more details, but they also have some real nut jobs over there who give some crazy advice. I have 4 rental properties and a full time AirBnB. I've been a landlord for about 5 years now and I self manage. (No prop. managers) So I'm ...
by renue74
Mon Dec 31, 2018 2:28 pm
Forum: Personal Finance (Not Investing)
Topic: Underfunded escrow account
Replies: 11
Views: 493

Re: Underfunded escrow account

I'll pile on and say that's also been our experience as well. But, I will add that our mortgage co., Wells Fargo, will actually adjust our monthly mortgage based on the annual escrow estimate. Used too, in the past, I would get a bill for the extra escrow payment...but now our monthly draft changes ...
by renue74
Sat Dec 29, 2018 9:41 am
Forum: Personal Consumer Issues
Topic: Beach/water sports location between Orlando and Jacksonville?
Replies: 7
Views: 594

Re: Beach/water sports location between Orlando and Jacksonville?

My folks live in St. Augustine. (Actually we just came back from visiting them over Xmas) The town is nice. As far as water sports, there are numerous nice beaches. (Vilano Beach, Anastasia State Park, St. Augustine Beach, Crescent Beach) As far as "active" water sports, there are places that rent p...
by renue74
Fri Dec 28, 2018 8:08 pm
Forum: Investing - Help with Personal Investments
Topic: What do you do with dividends?
Replies: 51
Views: 4436

What do you do with dividends?

Yes...it's that time of year again. Dividends automagically appear in my Vanguard settlement account. This isn't a "what should I do," post. I know what I do. I sweep any dividend income from my various Vanguard funds (small cap fund, int'l funds, etc.) and this year, I buy the Total Market Fund wit...
by renue74
Fri Dec 21, 2018 7:48 pm
Forum: Investing - Theory, News & General
Topic: Bear Market - Mindset Expectations
Replies: 61
Views: 6163

Re: Bear Market - Mindset Expectations

I apologize...I did not read all the other posts. I did post a similar question a couple of weeks ago. I'm about 12 years out from expected retirement. I switched to minding our own portfolio in 2015. I have detailed Google sheets with our portfolio data in it. XIRR calcs, a retirement projection sh...
by renue74
Thu Dec 20, 2018 10:27 am
Forum: Investing - Help with Personal Investments
Topic: Peer to Peer Lending/Investing
Replies: 17
Views: 1020

Re: Peer to Peer Lending/Investing

I put $10K into Lending Club about 3 years ago. (Actually, Lending Robot...which is a service that sits on top of Lending Club and allows for better filtering.) I can't remember how many notes I have lended, but I've had ten of them charged off...where the note becomes non-performing. I think if you...
by renue74
Thu Dec 20, 2018 9:13 am
Forum: Personal Consumer Issues
Topic: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?
Replies: 44
Views: 3883

Re: Making Large Purchases with Credit Card and Immediately Paying Off- Bad for Credit Score?

You only need a good credit score when you are applying for new financing...right? Are you wanting to buy a house, car, or other large purchase that requires a credit check? My credit fluctuates about 50 pts in any given quarter based on credit utilization, paying off a large chunk, and canceling ca...
by renue74
Tue Dec 18, 2018 4:47 pm
Forum: Personal Consumer Issues
Topic: Tips for a cold bedroom above a garage?
Replies: 36
Views: 2689

Re: Tips for a cold bedroom above a garage?

It may be a two way issue. Cold from the garage and from the roof. I have a kid's bedroom above our garage. But it also has vaulted ceilings...so there is only a 2x6 rafter bay with insulation in it...between the roof and ceiling drywall. So...we get cold from that as well. 1.) Insulate the door of ...
by renue74
Tue Dec 18, 2018 2:33 pm
Forum: Personal Finance (Not Investing)
Topic: Small Claims - Auto Dealer Claims No $$ To Pay Judgement
Replies: 40
Views: 3029

Re: Small Claims - Auto Dealer Claims No $$ To Pay Judgement

If somebody owes me $, I don't really care how they come up with it. I have tenants who give me excuses. I have clients who give me excuses. I don't really care. If you can't pay me what you have to, we're going to the next level of me getting my money. I've heard every excuse known to man. This com...
by renue74
Tue Dec 18, 2018 1:04 pm
Forum: Personal Consumer Issues
Topic: Disney/Univ Studio in Spring Break - is it crowded?
Replies: 48
Views: 1888

Re: Disney/Univ Studio in Spring Break - is it crowded?

Many school bands and groups often will take advantage of spring break to go to these parks. My son's school marching band actually goes to Hawaii every spring break. The crowd website noted above is good. I will say that you do get pockets of not busy days. My folks live in St. Augustine and occasi...
by renue74
Tue Dec 18, 2018 8:16 am
Forum: Personal Consumer Issues
Topic: Is Liquid Plumber / Draino bad for the pipes?
Replies: 51
Views: 5948

Re: Is Liquid Plumber / Draino bad for the pipes?

I had a difficult clog at a tenant's home a couple years ago. My usual plumber came in and within 5 minutes used this "Glug" Drain Opener and it worked like a charm. It's crystal material and you pour the crystals into the drain with hot water. He charged me $85 and said...oh, you can't get this. It...
by renue74
Mon Dec 17, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Buy SFH for rental?
Replies: 31
Views: 857

Re: Buy SFH for rental?

1% is quite easy in my town. (Bedroom neighborhood of Charlotte, NC) This year, I've purchased 3 rentals. Below are their rates: 2 bedroom condo - $89K - $970/month 1 bedroom mill house (small house) - $39K - $635/month 3 bedroom mill house - $67K - $950/month It's possible....but you have to be in ...
by renue74
Mon Dec 17, 2018 4:12 pm
Forum: Personal Finance (Not Investing)
Topic: Buy SFH for rental?
Replies: 31
Views: 857

Re: Buy SFH for rental?

Most real estate investors will tell you to focus on houses where the monthly rent is 1% of the purchase price. Appreciation should be a happy accident, but you should not buy a property that you wouldn't be happy to own forever after having paid cash. 1% is the rule of thumb. Biggerpockets.com is ...
by renue74
Mon Dec 17, 2018 3:57 pm
Forum: Personal Finance (Not Investing)
Topic: Buy SFH for rental?
Replies: 31
Views: 857

Re: Buy SFH for rental?

Not a good investment. You're banking on appreciation, which may or may not happen. Most landlords will focus on cash flow.

https://docs.google.com/spreadsheets/d/ ... sp=sharing
by renue74
Mon Dec 17, 2018 3:39 pm
Forum: Personal Consumer Issues
Topic: Gift Ideas for wife
Replies: 76
Views: 5495

Re: Gift Ideas for wife

it's sad that you you think the random people on the internet know your spouse better than you I've thought this in the past...but then I got over it. It's not about random people knowing his spouse. It's about random people sharing creative ideas for gifts that maybe he hasn't thought of. Then he ...
by renue74
Mon Dec 17, 2018 8:41 am
Forum: Personal Finance (Not Investing)
Topic: Airbnb as side gig
Replies: 44
Views: 3036

Re: Airbnb as side gig

I am an Airbnb host. We have a home near a local college that we fully rennovated and get about $110 per night for. We just started in late October and average about $2,000 net per month in revenue. It’s about 10 minutes from our primary home and we always meet our guests and walk them through the ...
by renue74
Sun Dec 16, 2018 11:35 pm
Forum: Personal Finance (Not Investing)
Topic: Airbnb as side gig
Replies: 44
Views: 3036

Re: Airbnb as side gig

I am an Airbnb host. We have a home near a local college that we fully rennovated and get about $110 per night for. We just started in late October and average about $2,000 net per month in revenue. It’s about 10 minutes from our primary home and we always meet our guests and walk them through the h...
by renue74
Sat Dec 15, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: Furnace in rental has issues with out-of-warranty parts, replace or repair?
Replies: 20
Views: 1366

Re: Furnace in rental has issues with out-of-warranty parts, replace or repair?

I own 5 rentals. HVAC companies always make a better margin on new home installs than piece mill repair work. 90% of the time, they will tell you to replace...unless it's an easy fix like a blower motor or capacitor.

Get a 2nd and 3rd HVAC quote.
by renue74
Thu Dec 13, 2018 4:37 pm
Forum: Personal Consumer Issues
Topic: Who else is doing home automation?
Replies: 64
Views: 3711

Re: Who else is doing home automation?

We have a full time AirBnB property that is about 10 minutes from our primary home. I installed CAT6 cable throughout, SamSung SmarThings hub, NEST Thermostat, Alexa (in kitchen), and 2 ReoLink POE wired cameras at each door entrance. Motion detectors in the hallway and kitchen. It's a "selling" fea...
by renue74
Tue Dec 11, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 109
Views: 7939

Re: To each his own ( I guess ) [Opinions of traveling in retirement]

Call us uncultured but neither of us seem to have much interest in Europe. Same probably goes for Asia. I wouldn't mind taking the Canadian rail trip from B.C. to the Banff area. Or re-visiting some things in the Southwest that fascinated me as a child ( Carlsbad Caverns etc ). Are we nuts? I think...
by renue74
Tue Dec 11, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Motley Fools is now for fools only?.....RIP
Replies: 30
Views: 6755

Re: Motley Fools is now for fools only?.....RIP

They've been doing those for a few years now. In marketing, it's called "advertorials." A quiet way to distribute marketing messages via something that looks like objective editorial. I've followed them for a while, but never bought into a MF subscription to anything. The original guys were UNC grad...
by renue74
Mon Dec 10, 2018 3:19 pm
Forum: Personal Consumer Issues
Topic: portable jump starters
Replies: 58
Views: 4158

Re: portable jump starters

I have one and used it 2x on my SUV. Works fine. I think it's a Duracell unit I got at Home Depot. I also used it on my riding lawnmower. My mower's battery sucks. Even after buying a new battery...in the fall when it's cooler and I use the mower less, the battery will die. I used it a couple times ...