Search found 2289 matches

by Carefreeap
Thu May 03, 2018 6:05 pm
Forum: Personal Consumer Issues
Topic: Need advice on $5M property sale
Replies: 39
Views: 4072

Re: Need advice on $5M property sale

Raw land sales typically have a larger commission, often around 10%. They are a lot more complicated and typically take longer (often years) which is why the commission is higher. That said it sounds like you're in a hot area and probably want an experienced commercial broker, familiar with commerci...
by Carefreeap
Thu May 03, 2018 2:46 pm
Forum: Personal Consumer Issues
Topic: Arghhh! Oven Door Fell Off Again! <Update post 15>
Replies: 15
Views: 1745

Arghhh! Oven Door Fell Off Again! <Update post 15>

We have a Jenn-air Double Convection Oven in our home in AZ. It was installed in 2004 when it was our primary home. DH loves to cook and used it regularly. No problems during those five years other than the probe was defective and it was replaced. We moved out in 2009 and it has been tenant occupied...
by Carefreeap
Wed May 02, 2018 10:40 pm
Forum: Personal Consumer Issues
Topic: Should reliability rankings eliminate Jeep Grand Cherokee?
Replies: 91
Views: 5451

Re: Should reliability rankings eliminate Jeep Grand Cherokee?

My parents had a Jeep Grand Cherokee when I was growing up. It was towed more miles than it was driven. That's why I drive a Toyota Highlander today :) Lol and why I wound up trading mine for "parts" value in 2005 and bought a 4Runner. Still have the 4Runner with 147k miles. My Jeep Grand Cherokee ...
by Carefreeap
Sat Apr 28, 2018 6:12 pm
Forum: Personal Consumer Issues
Topic: Wedding - financial burden on couple and attendees
Replies: 168
Views: 10576

Re: Wedding - financial burden on couple and attendees

Since this is a finance forum, it would be interesting to know how much cash gift is lost due to a destination wedding, both from reduced number of attendees and less cash given due to money spend out of pocket by attending guests. It is gauche to even expect any presents at destination wedding. I ...
by Carefreeap
Sat Apr 28, 2018 5:13 pm
Forum: Personal Consumer Issues
Topic: Lake Tahoe
Replies: 28
Views: 2413

Re: Lake Tahoe

Another vote for staying in Tahoe. While I love SF and Yosemite they deserve their own or a longer trip. There is plenty to do in Tahoe and you've been given some great itineraries. FWIW last September I hiked half of the Tahoe Rim Trail and I had so much fun I'm hiking the other half this year. I'm...
by Carefreeap
Sat Apr 28, 2018 4:54 pm
Forum: Personal Consumer Issues
Topic: New Zealand Accomodations
Replies: 23
Views: 1996

Re: New Zealand Accomodations

Kia or a! Spending our last day in Renwick (pouring buckets unfortunately) but otherwise had great weather. Wound up booking tomorrow's stay at the QT again as the restaurants behind the hotel are plentiful and reasonable. There's always a ready supply of taxis and the ride to the airport isn't that...
by Carefreeap
Tue Apr 17, 2018 10:06 am
Forum: Personal Consumer Issues
Topic: San Diego Safari Zoo
Replies: 13
Views: 1095

Re: San Diego Safari Zoo

PS This is a Big Birthday trip and unfortunately in August. With the hot weather caution, I'm also reconsidering the need to spend 2 days in the park as their site suggests. You BH's rock with your willingness to help :sharebeer Kids? I'd look at booking either a hotel or vacation rental in Oceansi...
by Carefreeap
Mon Apr 16, 2018 5:21 pm
Forum: Personal Consumer Issues
Topic: San Diego Safari Zoo
Replies: 13
Views: 1095

Re: San Diego Safari Zoo

Are you talking about the Wild Animal Park in Escondido? If so, I would just rent a car for the day. I'd plan on four hours or so. Stone Brewery is nearby and a lovely place to have lunch or dinner even if you aren't a big beer fan and/or have kids. Good food and gorgeous grounds. Not a whole lot mo...
by Carefreeap
Mon Apr 16, 2018 4:29 pm
Forum: Personal Finance (Not Investing)
Topic: Rentals and Security Deposits
Replies: 21
Views: 1335

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 Carefreeap
Mon Apr 16, 2018 2:58 pm
Forum: Personal Finance (Not Investing)
Topic: Rentals and Security Deposits
Replies: 21
Views: 1335

Re: Rentals and Security Deposits

One of the many reasons why I wouldn't rent to groups despite the extra money. Deposit issues, constant turn-over in occupancy, and no one accountable for damage. Not worth the hassle in my opinion. Back when I was single (as described in previous post) and was denied rental from you, I would file ...
by Carefreeap
Sun Apr 15, 2018 10:08 am
Forum: Personal Finance (Not Investing)
Topic: Rentals and Security Deposits
Replies: 21
Views: 1335

Re: Rentals and Security Deposits

One of the many reasons why I wouldn't rent to groups despite the extra money.

Deposit issues, constant turn-over in occupancy, and no one accountable for damage.

Not worth the hassle in my opinion.
by Carefreeap
Sat Apr 14, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: When to Cancel Disability Insurance
Replies: 2
Views: 380

Re: When to Cancel Disability Insurance

With your net worth and liquidity, I would.

We dropped supplemental life insurance on DH when we hit $2M and he was 48. At some point you realize you're going to be fine. :D
by Carefreeap
Sat Apr 14, 2018 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: Should we save for our son's college?
Replies: 96
Views: 8615

Re: Should we save for our son's college?

Regardless of what individuals believe - Here in the US - the government kind of assumes the parents, if they can afford to do so, will be helping out. They do? According to whom? Who is "the government"? OP: There is no expectation that you pay for your child's college education. From what I have ...
by Carefreeap
Sat Apr 14, 2018 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Should we save for our son's college?
Replies: 96
Views: 8615

Re: Should we save for our son's college?

Short answer: yes, you should Longer answer: with your income your kid(s) will never qualify for any type of aid. Assuming you want your kids to get a degree, and are grooming them to do so, it would be doing them a disservice to leave them up to their own devices to pay for it, when aid is not an ...
by Carefreeap
Fri Apr 13, 2018 4:48 pm
Forum: Personal Finance (Not Investing)
Topic: realtor wants to show house to buyer, no listing agent for me
Replies: 55
Views: 5019

Re: realtor wants to show house to buyer, no listing agent for me

Carefreeap, Thanks for your input. I checked Zillow.com. There are only 7 houses for sale in my area. All are 600 more feet more than mine and a lot more expensive. In the last 2 months , all houses sold in m area were at asking price. I guess this the the reason the buyer who wanted to see my hous...
by Carefreeap
Fri Apr 13, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: realtor wants to show house to buyer, no listing agent for me
Replies: 55
Views: 5019

Re: realtor wants to show house to buyer, no listing agent for me

Okay, realtor called and left a voice message for suggested date and time for weekend viewing. I just called her back and told her I really don't want to sell my house. I love my house, it has been recently remodeled and I love the location. No problem. Her response was call me when you want to sel...
by Carefreeap
Fri Apr 13, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Family shared real estate purchase - how to best structure?
Replies: 20
Views: 1735

Re: Family shared real estate purchase - how to best structure?

Please post the numbers involved e.g.

House price
Any financing required
Parents income

Are the parents expected to provide childcare for any of their grandchildren. If so is the amount of care proportional to their child's monetary contribution.?
by Carefreeap
Thu Apr 12, 2018 3:11 pm
Forum: Personal Finance (Not Investing)
Topic: States with tax-friendly policies for dividends/LTCG
Replies: 16
Views: 2184

Re: States with tax-friendly policies for dividends/LTCG

The Hall tax in TN is being phased out at a rate of 1% per year and in 2022 TN will join the few other states that have no personal income tax at all. http://www.tennessean.com/story/news/politics/2016/05/20/gov-bill-haslam-signs-hall-income-tax-cut-repeal-into-law/84044810/ https://taxfoundation.o...
by Carefreeap
Tue Apr 10, 2018 8:48 pm
Forum: Personal Finance (Not Investing)
Topic: Power of Attorney real estate sales
Replies: 4
Views: 438

Re: Power of Attorney real estate sales

What state is the property in?

I would contact the title insurance people and see what they need. There are different requirements for different states. For example CA requires a specific POA to execute real estate transactions but doesn't require a real estate attorney for closings.
by Carefreeap
Tue Apr 10, 2018 10:05 am
Forum: Personal Finance (Not Investing)
Topic: Prepay Capital Gains Tax from Home Sale?
Replies: 3
Views: 349

Re: Prepay Capital Gains Tax from Home Sale?

Yes. CA does a mandatory 3% W/H and we mailed a check to the Feds as soon as we got our sales proceeds last July. We still owed another $3,300 in Fed tax but got a $10k+ refund from the State. I sleep easier giving the government an interest free short term loan vs getting hit with a big tax bill an...
by Carefreeap
Tue Apr 10, 2018 9:59 am
Forum: Personal Finance (Not Investing)
Topic: 4runner vs. Highlander?
Replies: 43
Views: 11368

Re: 4runner vs. Highlander?

Yes the Highlander is built on the Camry chassis and I think the 4 runner is the same as the Pre-runner truck chassis. I've heard several folks declare that the 4Runner is built on the Tacoma Chassis. It certainly looks that way and would be easy to assume. I looked it up. According to an article I...
by Carefreeap
Mon Apr 09, 2018 7:29 pm
Forum: Investing - Help with Personal Investments
Topic: Stay on the course or pay the taxes? [Should I stay or go (rental property)]
Replies: 20
Views: 1089

Re: Should I stay or go (rental property)

I posted on your other thread. It would be helpful to see what the % of the net equity of this house is in comparison to the rest of your portfolio.

Would this house make sense as a retirement house?
by Carefreeap
Mon Apr 09, 2018 7:27 pm
Forum: Investing - Help with Personal Investments
Topic: Stay on the course or pay the taxes? [Should I stay or go (rental property)]
Replies: 20
Views: 1089

Re: Stay on the course or pay the taxes?

Hi Scott and welcome to the forum. First, don't let the tax tail wag the dog. I think it's more helpful to look at your actual account balances with the taxable gains as a footnote. Depending on your income, you may not pay any or much on the capital gains. Or you can do what we did and spread them ...
by Carefreeap
Mon Apr 09, 2018 10:01 am
Forum: Personal Finance (Not Investing)
Topic: Hold or sell rental property? Better for taxes to sell during retirement?
Replies: 10
Views: 847

Re: Hold or sell rental property? Better for taxes to sell during retirement?

Like other posters have said, the deferred/pending maintenance couple with a low-income area makes the downside worse than the upside. There will very likely be some tax benefit to delaying the sale. The recapture tax will be what it is, but the LTCG portion will benefit in a zero income year. Ther...
by Carefreeap
Sat Apr 07, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Second home [buy with retirement funds?]
Replies: 51
Views: 3240

Re: Second home [buy with retirement funds?]

Hi everyone, Here us more info about condo we are looking at, it would be managed by the rental company, I think it is Vail resorts. They do take 40%, but handle everything. We just let them know when we want it. It is already nicely furnished and updated. The management checks on it weekly when no...
by Carefreeap
Fri Apr 06, 2018 6:44 pm
Forum: Personal Consumer Issues
Topic: Starting a home search... Late 60s rancher?
Replies: 18
Views: 1613

Re: Starting a home search... Late 60s rancher?

We're mid century fans too and have owned 5 houses built between 1958-1964. Lots of good comments posted and I'll add a couple more. Get a good home inspection. The best inspectors belong to ASHI (American Society of Home Inspectors). The best reports are a combination of checklist and narrative. Th...
by Carefreeap
Fri Apr 06, 2018 6:07 pm
Forum: Personal Finance (Not Investing)
Topic: Second home [buy with retirement funds?]
Replies: 51
Views: 3240

Re: Second home [buy with retirement funds?]

Not sure I would rent it out if I were using it myself significantly. I wouldn’t want strangers using my personal stuff. Gasdoc Agree. Renting a place would reduce the control I so highly value (I’m a bit like that “control freak” in the rental car commercials🤠). Also, we have furnished our places ...
by Carefreeap
Fri Apr 06, 2018 5:38 pm
Forum: Personal Finance (Not Investing)
Topic: Do I need a Quit claim deed?
Replies: 2
Views: 360

Re: Do I need a Quit claim deed?

To sell lot B I think you're going to have to write a new grant deed based on the remaining portion of the property. Call a title company to confirm. They will be the ones to insure a sale.
by Carefreeap
Fri Apr 06, 2018 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Second home [buy with retirement funds?]
Replies: 51
Views: 3240

Re: Second home [buy with retirement funds?]

That is a good point. Our favorite month is February and actually would not want to be there during xmas and New Years, way too crowded,so that would be a good time to rent it. Really appreciate all the different thoughts. Very helpful. We also have explored the time share idea.however in the summe...
by Carefreeap
Wed Apr 04, 2018 4:53 pm
Forum: Personal Finance (Not Investing)
Topic: Travel (Or any other specific) fund - How do you budget and save it?
Replies: 18
Views: 1022

Re: Travel (Or any other specific) fund - How do you budget and save it?

We live well below our means and have our retirement nest egg well above our means, so we actually don't budget for anything until perhaps after the fact. That essentially means that we spend what we want and then look at the credit card bills that show up. If there is not enough cash coming in to ...
by Carefreeap
Wed Apr 04, 2018 4:35 pm
Forum: Personal Finance (Not Investing)
Topic: Would a lender refi parent's house (limited income but lots of equity)?
Replies: 9
Views: 1029

Re: Would a lender refi parent's house (limited income but lots of equity)?

I agree with the others that if your parents can't afford to make the payments on their loan that it's unlikely that a lender will give them a loan. Posting income and expense info would be helpful. A reverse mortgage could be an option if the house they are currently in is suitable for them to age ...
by Carefreeap
Wed Apr 04, 2018 3:12 pm
Forum: Personal Consumer Issues
Topic: VHCOL Home Buying Advice (Bay Area, where else?)
Replies: 65
Views: 5306

Re: VHCOL Home Buying Advice (Bay Area, where else?)

A lot of this is subjective. Obviously the absolute max is going to require spending all your take-home pay less non-rent/mortgage fixed expenses on PITI. Just doing some back of the napkin math here...assuming 60% of $330k is take-home...$198k less other expenses of I dunno...$12k? Leaves you with...
by Carefreeap
Mon Apr 02, 2018 6:41 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage paid off.
Replies: 8
Views: 1857

Re: Mortgage paid off.

:sharebeer
by Carefreeap
Mon Apr 02, 2018 9:49 am
Forum: Personal Finance (Not Investing)
Topic: Applying some of refund to next year
Replies: 13
Views: 933

Re: Applying some of refund to next year

Is there an advantage of applying some of your tax refund to next year, other than not having to remember to not miss the estimated tax payment dates? If I do this when filing my tax return now, is there another paperwork or form to be filed too because of this, or we do nothing else and when doing...
by Carefreeap
Fri Mar 30, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Rent or Buy? Military Doc. What would you do?
Replies: 46
Views: 3381

Re: Rent or Buy? Military Doc. What would you do?

Thank you, everyone. Very helpful. Two suggestions. 1. Rent a better house. 2. Make sure to put real estate in your asset allocation since you're not a homeowner. Good thoughts. I’ve often wondered this - people suggest no more than 10% REIT funds in a portfolio. However, if some take a mortgage in...
by Carefreeap
Thu Mar 29, 2018 4:31 pm
Forum: Personal Finance (Not Investing)
Topic: Rent or Buy? Military Doc. What would you do?
Replies: 46
Views: 3381

Re: Rent or Buy? Military Doc. What would you do?

In retrospect, I should not have purchased a home while I was in the military. Moving every 2-5 years is not conducive to making money owning a home. Sometimes you get lucky, but on average you don't get enough appreciation to overcome your transaction and ownership costs. To follow up on your post...
by Carefreeap
Thu Mar 29, 2018 1:04 pm
Forum: Personal Finance (Not Investing)
Topic: Rent or Buy? Military Doc. What would you do?
Replies: 46
Views: 3381

Re: Rent or Buy? Military Doc. What would you do?

In retrospect, I should not have purchased a home while I was in the military. Moving every 2-5 years is not conducive to making money owning a home. Sometimes you get lucky, but on average you don't get enough appreciation to overcome your transaction and ownership costs. To follow up on your post...
by Carefreeap
Thu Mar 29, 2018 10:03 am
Forum: Personal Consumer Issues
Topic: [Moving out of CA. What city has decent weather?]
Replies: 46
Views: 6443

Re: [Moving out of CA. What city has decent weather?]

You do need to pay attention to the taxes city by city. Scottsdale has some pretty high property taxes due to the Preserve. My city, Carefree, doesn't because it's not part of the Preserve, did a one-time contribution to Spur Cross and Fire and Police are paid via sales and TOT tax not property tax...
by Carefreeap
Wed Mar 28, 2018 6:51 pm
Forum: Personal Consumer Issues
Topic: Lawyer instead of buyer's real estate agent? Experience anyone?
Replies: 54
Views: 4990

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

Not interested in "customer service" for tens of thousands of dollars! You're not paying for it nor do you have a choice in the matter. The commission is paid by the seller. Everybody keeps saying that but its not exactly true. Depends on how you look at it and everything is negotiable. The seller ...
by Carefreeap
Wed Mar 28, 2018 6:30 pm
Forum: Personal Consumer Issues
Topic: [Moving out of CA. What city has decent weather?]
Replies: 46
Views: 6443

Re: [Moving out of CA. What city has decent weather?]

If your primary criteria is weather, then Coastal California is the best choice. People could help if they had more information about what you actually want. Otherwise, this thread is just people trying to justify their own choices, without regard for whatever your criteria might be. If tax is your...
by Carefreeap
Wed Mar 28, 2018 6:24 pm
Forum: Personal Consumer Issues
Topic: [Moving out of CA. What city has decent weather?]
Replies: 46
Views: 6443

Re: [Moving out of CA. What city has decent weather?]

If your primary criteria is weather, then Coastal California is the best choice. People could help if they had more information about what you actually want. Otherwise, this thread is just people trying to justify their own choices, without regard for whatever your criteria might be. If tax is your...
by Carefreeap
Tue Mar 27, 2018 6:03 pm
Forum: Personal Consumer Issues
Topic: [Moving out of CA. What city has decent weather?]
Replies: 46
Views: 6443

Re: [Moving out of CA. What city has decent weather?]

If your primary criteria is weather, then Coastal California is the best choice. People could help if they had more information about what you actually want. Otherwise, this thread is just people trying to justify their own choices, without regard for whatever your criteria might be. If tax is your...
by Carefreeap
Mon Mar 26, 2018 10:06 am
Forum: Personal Finance (Not Investing)
Topic: Thinking about capitulating on house
Replies: 34
Views: 4173

Re: Thinking about capitulating on house

I know the hardcore bogleheads will tell me to sell and go live in a van down by the river. I'd like to live in something that is sized better. Lol, so true. This is a forum that focuses on optimizing your money but not necessarily your life and happiness (which is usually more than just money) :wi...
by Carefreeap
Fri Mar 23, 2018 6:57 pm
Forum: Personal Finance (Not Investing)
Topic: questions re: govt deferred compensation (457)
Replies: 13
Views: 962

Re: questions re: govt deferred compensation (457)

You can leave the deferred comp account alone. But check the cost of account fees. Mine is 1% on top of the normal mutual fund fees. It's likely cheaper to roll over to a Vanguard IRA however the IRA doesn't have the penalty free provision under most circumstances until he reaches 59 1/2. Unfortuna...
by Carefreeap
Thu Mar 22, 2018 1:45 pm
Forum: Personal Finance (Not Investing)
Topic: questions re: govt deferred compensation (457)
Replies: 13
Views: 962

Re: questions re: govt deferred compensation (457)

You can leave the deferred comp account alone. But check the cost of account fees. Mine is 1% on top of the normal mutual fund fees. It's likely cheaper to roll over to a Vanguard IRA however the IRA doesn't have the penalty free provision under most circumstances until he reaches 59 1/2. Unfortuna...
by Carefreeap
Thu Mar 22, 2018 1:35 pm
Forum: Personal Finance (Not Investing)
Topic: questions re: govt deferred compensation (457)
Replies: 13
Views: 962

Re: questions re: govt deferred compensation (457)

You can leave the deferred comp account alone. But check the cost of account fees. Mine is 1% on top of the normal mutual fund fees. It's likely cheaper to roll over to a Vanguard IRA however the IRA doesn't have the penalty free provision under most circumstances until he reaches 59 1/2. Unfortuna...
by Carefreeap
Thu Mar 22, 2018 10:03 am
Forum: Personal Finance (Not Investing)
Topic: questions re: govt deferred compensation (457)
Replies: 13
Views: 962

Re: questions re: govt deferred compensation (457)

No FICA taxes just Fed & State. You can leave the deferred comp account alone. But check the cost of account fees. Mine is 1% on top of the normal mutual fund fees. It's likely cheaper to roll over to a Vanguard IRA however the IRA doesn't have the penalty free provision under most circumstances unt...
by Carefreeap
Wed Mar 21, 2018 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Rent vs Buy Dilemma
Replies: 8
Views: 776

Re: Rent vs Buy Dilemma

I don't know that as a single person that I would be eager to tie myself to a house unless I was buying it as an investment property and was prepared to put it into service as a rental. As Pajamas points out, the oil business is cyclical and as an oil royalty recipient I can verify that! Houston's r...
by Carefreeap
Tue Mar 20, 2018 8:35 pm
Forum: Personal Finance (Not Investing)
Topic: Trust attorney changes firms - does trust “move” too?
Replies: 13
Views: 975

Re: Trust attorney changes firms - does trust “move” too?

You normally don't need a lawyer to execute a trust. It's lots of paperwork, etc. But It's all written out... Lol, but actual execution is another thing! :wink: Both Trusts that I've been involved with required additional attorney guidance. In my mother's case she failed to title a little rental pr...
by Carefreeap
Tue Mar 20, 2018 5:58 pm
Forum: Personal Finance (Not Investing)
Topic: Trust attorney changes firms - does trust “move” too?
Replies: 13
Views: 975

Re: Trust attorney changes firms - does trust “move” too?

My mother is finally starting to hit some scary memory and general health issues at 90. She has been very open about how she has set up her finances and so forth, and she seems to have gotten good advice. She has a living revocable trust and a pour over Will for real estate, personal possessions, e...