Search found 966 matches

by renue74
Mon Sep 04, 2017 7:04 pm
Forum: Personal Consumer Issues
Topic: Service organizations/Dinner clubs?
Replies: 10
Views: 1168

Re: Service organizations/Dinner clubs?

I've read articles about making new friends after you get out of college. It's tough and you really have to actively pursue it. Once you get into a routine, it's difficult for some people to get out. I have thought about joining supper clubs or service orgs, but have not. I do cycle and have ridden ...
by renue74
Thu Aug 31, 2017 8:18 am
Forum: Personal Finance (Not Investing)
Topic: Valuation of Private Business in Net Worth Calcuations
Replies: 18
Views: 964

Re: Valuation of Private Business in Net Worth Calcuations

There's no way to value this by the data you provided. The best practices would be: 1.) Make sure you have documentation stating your wife owns X% of said companies. If there is no documentation, your "likely" statement is all you have...almost like an inheritance. You can't count on inheritance and...
by renue74
Wed Aug 30, 2017 2:51 pm
Forum: Investing - Help with Personal Investments
Topic: Deferred compensation plan? risky?
Replies: 59
Views: 2736

Re: Deffered compensation plan? risky?

We can contribute either 10% or 50% for 1 year This actually made me laugh. I sure hope nobody is loaning them 50% of a year's salary for 4 to 5 years (unless they can actually afford to lose it). This could be a good deal. Or the company could be on shaky ground and trying to shore it up with loan...
by renue74
Wed Aug 30, 2017 2:30 pm
Forum: Investing - Help with Personal Investments
Topic: Deferred compensation plan? risky?
Replies: 59
Views: 2736

Re: Deffered compensation plan? risky?

I think hitching yourself to any employer in hopes of a high return on retirement savings in a long term fashion is too risky. It's why the retirement system created "portable" retirement vehicles. I own a very small business....4 person web design firm. I know my people aren't going to retire at my...
by renue74
Wed Aug 30, 2017 12:56 pm
Forum: Investing - Help with Personal Investments
Topic: Deferred compensation plan? risky?
Replies: 59
Views: 2736

Re: Deffered compensation plan? risky?

How old are you? When do you plan to retire? If within 10 years....maybe it's a good deal. But what happens if you get a bad boss or the projects you start getting you hate? What happens if your parents need you to come home to help with elder care and you have to quit? What happens if meet a wonder...
by renue74
Wed Aug 30, 2017 7:36 am
Forum: Personal Finance (Not Investing)
Topic: How much sooner could you retire with NO property taxes?
Replies: 116
Views: 8289

Re: How much sooner could you retire with NO property taxes?

We live in SC. Our property taxes are $1700 on a $280K house. I've lived in the house since 2002 and it's always floated between $1500 to $2200. A few years ago SC reduced property taxes...I think it had to do with school taxes. Anyways...you always end up paying somewhere else....we have a hospital...
by renue74
Fri Aug 25, 2017 8:25 am
Forum: Personal Consumer Issues
Topic: Buying vegetable seeds for my backyard
Replies: 15
Views: 1187

Re: Buying vegetable seeds for my backyard

Previous poster is probably right. Depending on your gardening zone, you are probably looking at planting leafy greens at this time in the year. Unless you live wayyyy south. Also most vegetable gardens love full sun. Make sure your backyard is properly suited to grown. A few years ago, I created a ...
by renue74
Thu Aug 24, 2017 2:45 pm
Forum: Personal Finance (Not Investing)
Topic: What to do when a parent's money runs out?
Replies: 218
Views: 32833

Re: What to do when a parent's money runs out?

In other cultures, it's the child's duty to take care of their elderly parents. My mom is similar to the above poster. Worked in textiles all her life in the South. Saved nothing and draws $950/month from SS. She's 66 and rents. She sits with older folks and helps them by making meals and taking the...
by renue74
Thu Aug 24, 2017 8:35 am
Forum: Personal Finance (Not Investing)
Topic: Is a Major House Remodel Worth It?
Replies: 21
Views: 2592

Re: Is a Major House Remodel Worth It?

I have decided to not treat my home as an investment. I consider it an expense. So anything I improve or add in my current home, to me, is just another expense. If you love your home, which sounds very reasonably priced although I know nothing about your financial situation, then make the repairs. ...
by renue74
Wed Aug 23, 2017 2:06 pm
Forum: Personal Consumer Issues
Topic: Experience finding gas pump card skimmer?
Replies: 46
Views: 4775

Re: Experience finding gas pump card skimmer?

I just had this discussion a few days ago with a friend. He said that skimmers were rampant in our town according to his police detective brother-in-law. One thing he suggested was to use the Exxon SpeedPass app. You download it, add your credit card and then scan a QR code when you buy gas at Exxon...
by renue74
Wed Aug 23, 2017 7:44 am
Forum: Personal Consumer Issues
Topic: Lowes vs Home Depot
Replies: 62
Views: 8573

Re: Lowes vs Home Depot

I have a few rentals and currently doing a huge rehab on an old rental. Home Depot and Lowes are equidistant from me, but I prefer HD. Most likely because I'm more familiar with the store layout and know exactly where everything is. I'm also an "HD Pro," so I get a few little perks and it seems like...
by renue74
Wed Aug 23, 2017 7:37 am
Forum: Investing - Help with Personal Investments
Topic: Google Finance Slow At Returning #'s
Replies: 0
Views: 345

Google Finance Slow At Returning #'s

I've noticed in the last 6 months or so that my Google sheets formulas using Google Finance are not returning quotes as fast. I know that Google indicates a "20 minute" delay, but my experience recently has been a whole day delay before I get accurate quotes in my formulas. I've tried refreshing the...
by renue74
Tue Aug 22, 2017 2:04 pm
Forum: Investing - Help with Personal Investments
Topic: Landlord - collections
Replies: 13
Views: 1468

Re: Landlord - collections

Welcome to landlording.

Just hope nothing is majorly broken. Collections isn't worth the trouble.
by renue74
Tue Aug 22, 2017 12:50 pm
Forum: Personal Consumer Issues
Topic: Possible January trip to Naples, Italy / Amalfi Coast
Replies: 37
Views: 2930

Re: Possible January trip to Naples, Italy / Amalfi Coast

Sorry your wife had stuff stolen. We've been relatively fortunate in Italy, but I know how bad experiences can color a place. SO almost got his wallet lifted on the metro in Milan. In hindsight, we were an easy target. We stood out as we were preoccupied with a map, trying to figure out how to get ...
by renue74
Sun Aug 20, 2017 7:26 pm
Forum: Personal Consumer Issues
Topic: Possible January trip to Naples, Italy / Amalfi Coast
Replies: 37
Views: 2930

Re: Possible January trip to Naples, Italy / Amalfi Coast

DW and I went to Italy 2 years ago. Venice, Florence, Rome and Pompei. We took a Rick Steves tour for the first 3 cities and then at the end...took the fast train down to Naples and the regional train over to Pompei for a day. We didn't stay in Naples very long....but after our Pompei visit, we took...
by renue74
Sun Aug 20, 2017 7:21 pm
Forum: Personal Consumer Issues
Topic: HVAC scam?
Replies: 10
Views: 1782

Re: HVAC scam?

You know a replacement blower motor & capacitor, DIY, is typically $80-$150? Also, based on your description is sounds like you may only need a new start capacitor (under $15). This usually isn't a very difficult job, and requires little or no specialized HVAC knowledge. Here's an example of what's...
by renue74
Sun Aug 20, 2017 7:05 pm
Forum: Personal Finance (Not Investing)
Topic: Adding a 2nd Mortgage vs Combining into one new note
Replies: 7
Views: 706

Re: Adding a 2nd Mortgage vs Combining into one new note

I have owner financed an office condo I used to own and am going through a similar situation. I'm not sure if the law changes from state to state, but this is what my closing attorney is doing. 1.) I have a note where the buyer has about $25K in equity. 2.) Buyer came to me and wants to borrow $20K ...
by renue74
Sun Aug 20, 2017 11:22 am
Forum: Personal Finance (Not Investing)
Topic: KF's Worst Case Retirement Plan [KlangFool's]
Replies: 265
Views: 26960

Re: KF's Worst Case Retirement Plan [KlangFool's]

Congrats. It seems health insurance is the major wild card for many contemplating retirement.

My wife is 47 and I'm 43. She's a school teacher and I get my insurance through her. I anticipate 55 or so for retirement and always kid with her that we can never get divorced! :D
by renue74
Sat Aug 19, 2017 6:08 pm
Forum: Personal Consumer Issues
Topic: Frozen steaks ordered through the mail
Replies: 29
Views: 3495

Re: Frozen steaks ordered through the mail

We have a few local farms who sell whole beef cuts....various steak cuts...cut, wrapped in paper, and ready to freeze. We don't eat enough red meat to justify that, but we have friends who actually go in together and split the meat. They rave about steaks and roasts. You might want to source locally.
by renue74
Sat Aug 19, 2017 4:42 pm
Forum: Personal Consumer Issues
Topic: Help Painting Wood.
Replies: 15
Views: 1825

Re: Help Painting Wood.

1. Zinnser 1-2-3 primer
2. Let dry and sand with 100 grit sand paper
3. High quality latex paint

Use a paint sprayer if you don't wish to have any brush marks.
by renue74
Thu Aug 17, 2017 3:41 pm
Forum: Personal Consumer Issues
Topic: popcorn ceiling, removal or drywall over it?
Replies: 41
Views: 3971

Re: popcorn ceiling, removal or drywall over it?

Asbestos materials were banned in 1977. If this ceiling was done after that, you're safe.

If you do test it and it has asbestos, you could be looking at thousands of dollars to properly remove it through an abatement company.
by renue74
Thu Aug 17, 2017 7:02 am
Forum: Personal Consumer Issues
Topic: Credit score dropped 100 points overnight
Replies: 31
Views: 3653

Re: Credit score dropped 100 points overnight

I can see my credit score through credit karma, discover card, capital one, my credit union and several other credit cards I can't remember offhand. My score is different by 100 points between them pretty often. I churn credit cards, have no revolving credit but pay everything on time and have no l...
by renue74
Wed Aug 16, 2017 1:13 pm
Forum: Investing - Help with Personal Investments
Topic: Bond Fund in Taxable... ok for me?
Replies: 27
Views: 2255

Re: Bond Fund in Taxable... ok for me?

I actually have this "bond fund in taxable account" problem too. A few years ago, I reallocated everything and over time have set up our Traditional IRAs and 403b to handle only bonds....but my AA still needs some allocation of bonds in our taxable account. From what others said here, being in the 2...
by renue74
Tue Aug 15, 2017 2:07 pm
Forum: Personal Finance (Not Investing)
Topic: Kitchen Remodel Price/Contractor Dispute
Replies: 37
Views: 4364

Re: Kitchen Remodel Price/Contractor Dispute

It's amazing how many projects we go through with $ disputes. I just had a guy quote me $400 to remove building/remodeling debris from a jobsite. He ended up trying to charge me $600 because it "was more than I thought." That was the straw that broke the camels back with me. Now...ANY...project I su...
by renue74
Sun Aug 13, 2017 10:04 pm
Forum: Personal Finance (Not Investing)
Topic: Due to 8 Year Bull Market, Pay Off Rental Now?
Replies: 35
Views: 4301

Re: Due to 8 Year Bull Market, Pay Off Rental Now?

I'm not sure you can predict the market....so why do this?

Let your tenants pay your mortgage...that's the best solution.
by renue74
Sun Aug 13, 2017 9:11 pm
Forum: Investing - Theory, News & General
Topic: It's easy to have an investment plan until you get punched in the face
Replies: 53
Views: 7564

Re: It's easy to have an investment plan until you get punched in the face

TheHouse7 wrote:
Sun Aug 13, 2017 9:02 pm
I sold all my PSX after a 10% drop. Learned a ton early on and haven't stopped since that lock in of loss. (Holding 20% in bonds at 30) :|
Did your plan tell you to do that?
by renue74
Sun Aug 13, 2017 9:07 am
Forum: Personal Consumer Issues
Topic: Paint vs. Stain on fiberglass door
Replies: 11
Views: 1204

Re: Paint vs. Stain on fiberglass door

I actually didn't know you could stain a fiberglass door until I read this. Whenever we paint anything, we typically get 2 or 3 paint samples and paint patches. If the door has some type of graining, it may be worth a test to see if you like it. Choose a small panel on the door and get some gel stai...
by renue74
Fri Aug 11, 2017 1:16 pm
Forum: Investing - Theory, News & General
Topic: Redfin
Replies: 17
Views: 2237

Re: Redfin

Since 2000, I've always said real estate was ripe for disruption on the web. Some folks have tried to change the 6% system...discount brokers, etc. That real estate agent world is very close knit when it comes to protecting their %. I've gone through multiple FSBOs and recently even sold a rental pr...
by renue74
Thu Aug 10, 2017 10:26 am
Forum: Personal Consumer Issues
Topic: Best at Home Safe
Replies: 24
Views: 2167

Re: Best at Home Safe

My father-in-law had a HUGE safe....one like you would see in grocery stores back in the 60s, 70s, 80s. When he passed away we got it. The thing easily weights 3000 lbs. and is on casters. We hired a towing/wrecker company to pick it up and deliver it to our garage. When it's moved, I have to use a...
by renue74
Thu Aug 10, 2017 10:15 am
Forum: Personal Consumer Issues
Topic: Advice on picking a dentist
Replies: 19
Views: 1985

Re: Advice on picking a dentist

If you just want a cleaning and not a dentist, consider either using one of those introductory-price coupons that dentists use to get new patients or see if there is a school for dental hygienists near you. You could also go to a dental school, but you would probably have to have two appointments, ...
by renue74
Thu Aug 10, 2017 10:06 am
Forum: Personal Consumer Issues
Topic: Best at Home Safe
Replies: 24
Views: 2167

Re: Best at Home Safe

My father-in-law had a HUGE safe....one like you would see in grocery stores back in the 60s, 70s, 80s. When he passed away we got it. The thing easily weights 3000 lbs. and is on casters. We hired a towing/wrecker company to pick it up and deliver it to our garage. When it's moved, I have to use a ...
by renue74
Thu Aug 10, 2017 7:56 am
Forum: Personal Consumer Issues
Topic: Delta priority boarding - first timer
Replies: 80
Views: 7143

Re: Delta priority boarding - first timer

Please for Pete's sake...can we get a "this thread has run it's course." :?
by renue74
Tue Aug 08, 2017 8:40 am
Forum: Investing - Theory, News & General
Topic: Deja Vu.. are there too many houses for sale?
Replies: 47
Views: 4872

Re: Deja Vu.. are there too many houses for sale?

I'm not sure where you're located, but in the Charlotte area home inventory is very tight and bidding wars are the norm for some neighborhoods. What's different from 2007? • Home inventory is tight. All the smaller, local builders who were building in the mid-2000s are not building now. Either they...
by renue74
Tue Aug 08, 2017 7:49 am
Forum: Investing - Theory, News & General
Topic: Deja Vu.. are there too many houses for sale?
Replies: 47
Views: 4872

Re: Deja Vu.. are there too many houses for sale?

I'm not sure where you're located, but in the Charlotte area home inventory is very tight and bidding wars are the norm for some neighborhoods. What's different from 2007? • Home inventory is tight. All the smaller, local builders who were building in the mid-2000s are not building now. Either they ...
by renue74
Fri Aug 04, 2017 10:02 am
Forum: Personal Consumer Issues
Topic: Fence Boundary Issue
Replies: 24
Views: 1990

Re: Fence Boundary Issue

In my city before you install a fence, you must get a building permit and they come out and inspect the fence after installation. You're also required to locate utilities through a free locator service that comes out and paints/marks the electric, gas, and water lines before you dig. If you used a f...
by renue74
Fri Aug 04, 2017 8:29 am
Forum: Personal Consumer Issues
Topic: Making a Direct Offer to Purchase a Home
Replies: 28
Views: 2973

Re: Making a Direct Offer to Purchase a Home

I've bought and sold FSBO houses before. If I were the homeowners and wanted top dollar for my home, I would "interview" 3 real estate agents and get their estimate on the listing price for the house.....especially considering it's not a cookie cutter home and does have some custom upgrades. I would...
by renue74
Wed Aug 02, 2017 9:42 pm
Forum: Personal Finance (Not Investing)
Topic: Beach condo investing
Replies: 32
Views: 4820

Re: Beach condo investing

I bought a crack house duplex rental property 2 years ago. Really...you walked in and the walls were smoke stained from cooking...making drugs. Bought it from $25K....put $14K into a rehab....and did a ton of work ourselves. Turned it into a 35% cash on cash ROI in 8 months.....had $39K into the thi...
by renue74
Wed Aug 02, 2017 10:09 am
Forum: Personal Finance (Not Investing)
Topic: Cabins - "investments" or "consumptive purchases"
Replies: 38
Views: 3568

Re: Cabins - "investments" or "consumptive purchases"

I have aunts/uncles who always try to get us to go to their beach condo they never use. I have inlaws who have a permanent camper at the beach and a really nice lake cabin about 90 minutes from us. The running narrative is that everybody we know who has 2nd pieces of leisure property seems to always...
by renue74
Tue Aug 01, 2017 10:15 pm
Forum: Personal Consumer Issues
Topic: Any problem leaving a hole in ceiling of garage?
Replies: 27
Views: 2373

Re: Any problem leaving a hole in ceiling of garage?

I actually have a hole in my garage ceiling from a water leak in the bathroom. I will patch it, but it's not high priority for me. The one thing is the hole could remotely be a place for birds to fly into if you leave your garage open. Also, my ceiling actually has insulation in it....so the drywall...
by renue74
Mon Jul 31, 2017 9:36 pm
Forum: Personal Consumer Issues
Topic: Florence Hotels.......
Replies: 25
Views: 1659

Re: Florence Hotels.......

Hotel Silla. Good amenities and close to everything.
by renue74
Wed Jul 26, 2017 2:02 pm
Forum: Investing - Help with Personal Investments
Topic: Breaking up with my Financial Advisor
Replies: 56
Views: 5516

Re: Breaking up with my Financial Advisor

I broke up in April 2015. I had actually given this advisor 2 other referrals and she was a fine advisor. She was independent and didn't milk my portfolio...but she did charge 1 to 1.5% depending on the size of the portfolio. I simply emailed her because that was our normal mode of communication. We...
by renue74
Tue Jul 25, 2017 1:59 pm
Forum: Personal Finance (Not Investing)
Topic: Rental Property - Best Legal Structure?
Replies: 23
Views: 2228

Re: Rental Property - Best Legal Structure?

Most landlords I know simply pump up their umbrella policy in addition to the insurance on the properties.

That's what I did. Added all my rentals to my umbrella.

Banks hate dealing with LLCs and rental property when mortgages are in play.
by renue74
Tue Jul 25, 2017 8:54 am
Forum: Personal Consumer Issues
Topic: Golfers - need to ramp up ASAP!
Replies: 42
Views: 4228

Re: Golfers - need to ramp up ASAP!

I played golf when I was single and fresh out of college....played 2x to 3x per week. (No wife, girlfriend, in a new town, with days off during the week)...it was a perfect storm. I shot in the low 90s and occasionally 80s......but I also went to the practice range at least 2x per week on top of pla...
by renue74
Mon Jul 24, 2017 3:18 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Rental Property By Ourselves
Replies: 15
Views: 1132

Re: Selling Rental Property By Ourselves

You should also have an agreement as to what type of modifications he can do to the building since he might remodel the building in ways that would be problematic if you get the building back. I also did this with my seller financed deal on an office condo. If the property is foreclosed, the origin...
by renue74
Mon Jul 24, 2017 2:47 pm
Forum: Personal Finance (Not Investing)
Topic: Selling Rental Property By Ourselves
Replies: 15
Views: 1132

Re: Selling Rental Property By Ourselves

I have sold 2 pieces of property with owner financing. One was an office condo and the other a rental property/duplex. One thing you will also need to look at is the loan servicing. Make sure to ask your accountant what you need to supply the buyer for the loan. Will you need to send monthly invoice...
by renue74
Sun Jul 23, 2017 9:39 pm
Forum: Personal Consumer Issues
Topic: Bermuda beach hotel recommendation
Replies: 4
Views: 473

Re: Bermuda beach hotel recommendation

My wife and I took a long weekend vacation there. We stayed at the Fairmont Hamilton...which is in the town...It was a great hotel. We got upgraded to the gold area and had personal 4pm tea time everyday, a private lounge and our own concierge that was apart from the rest of the hotel. The Fairmont ...
by renue74
Sun Jul 23, 2017 8:34 pm
Forum: Investing - Help with Personal Investments
Topic: Advice needed regarding a duplex for sale
Replies: 6
Views: 570

Re: Advice needed regarding a duplex for sale

You don't share enough about your rental.

This is my rental analysis...with sample data.

https://docs.google.com/spreadsheets/d/ ... sp=sharing
by renue74
Fri Jul 21, 2017 11:09 am
Forum: Personal Finance (Not Investing)
Topic: Is there any reason not to? [4% Checking]
Replies: 36
Views: 4364

Re: Is there any reason not to? [4% Checking]

I used a Google sheet and tracked this during the Western Union card promos last year. It was a huge headache and my Ally account was frozen a few times. I don't think I got all the $ benefits I was supposed to. Just a huge pain. I also did this with a TD Bank promo last year. Same deal...in the beg...
by renue74
Thu Jul 20, 2017 7:28 am
Forum: Personal Consumer Issues
Topic: Fun place to stop overnight en route from Florida Keys to Tampa ( not Disney)
Replies: 35
Views: 3605

Re: Fun place to stop overnight en route from Florida Keys to Tampa ( not Disney)

We just spent a week in Sanibel Island. Great beaches, great sea shell hunting (best ever).

With little kids and the heat of Florida....water has to be in play.