Search found 445 matches

by playtothebeat
Sun Apr 11, 2021 11:32 am
Forum: Personal Finance (Not Investing)
Topic: Financing to Purchase Law Firm
Replies: 45
Views: 3688

Re: Financing to Purchase Law Firm

I looked at your prior posts. Looks like you had income of about 400k, with a mortgage, student loans, and 4 kids. So I suspect you don’t have a ton of cash sitting around or marketable securities which you can take a line out against.. are you purchasing solo? With partners? Are your partners putti...
by playtothebeat
Fri Mar 12, 2021 1:09 am
Forum: Personal Finance (Not Investing)
Topic: Moving to Orange County or Poway.
Replies: 25
Views: 1705

Re: Moving to Orange County or Poway.

Irvine, Aliso Viejo, or Mission Viejo.
by playtothebeat
Thu Feb 25, 2021 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Help me understand my LenderFi mortgage offer
Replies: 8
Views: 789

Re: Help me understand my LenderFi mortgage offer

Rates in the market have moved up a good 50bps or so in the past 7-10 days, so this is nothing surprising.. I’ve been tracking LendeeFi rates daily, more or less, for a potential refinance and see the same increases over the time period.
by playtothebeat
Thu Feb 18, 2021 11:45 am
Forum: Personal Investments
Topic: Cold feet before dumping 25K into crowdfunding real estate?
Replies: 40
Views: 4557

Re: Cold feet before dumping 25K into crowdfunding real estate?

Commercial real estate is getting slammed now as businesses try to downsize their space as they implement permanent WFH policies. It's all in a state of flux but a week doesn't go by that I don't get a call from a commercial realtor asking if we need any more space. We're in a business that will al...
by playtothebeat
Thu Feb 18, 2021 12:22 am
Forum: Personal Investments
Topic: Cold feet before dumping 25K into crowdfunding real estate?
Replies: 40
Views: 4557

Re: Cold feet before dumping 25K into crowdfunding real estate?

You do get some benefits such as depreciation etc (of course you still have to pay tax later, unless you do a 1031 or similar). I disagree with the comments that crowdfunding means that the developer couldn’t raise equity otherwise or is inexperienced. I think this is just another source of capital....
by playtothebeat
Mon Feb 08, 2021 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Are NNN Leases worth it?
Replies: 65
Views: 4573

Re: Are NNN Leases worth it?

LOL, you can still find a tenant stupid enough to sign a triple net lease? Wow...they must not have a good business consultant. I have not let a client of mine sign a NNN since 2004. They are essentially tenant suicide pacts in the long term. Interesting comment... I work in commercial real estate....
by playtothebeat
Sun Feb 07, 2021 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Are NNN Leases worth it?
Replies: 65
Views: 4573

Re: Are NNN Leases worth it?

NNN investments are typically considered to be at the low end of the risk spectrum for commercial real estate. If one invests in CRE, NNN is often viewed as a steady income stream, particularly if it’s a long term credit tenant lease. Alternatively, if it’s a short term lease, there is potential ups...
by playtothebeat
Sat Feb 06, 2021 11:21 am
Forum: Personal Finance (Not Investing)
Topic: Reputable, Legitimate Mortgage Co for Refinance
Replies: 9
Views: 447

Re: Reputable, Legitimate Mortgage Co for Refinance

better.com
Lenderfi.com

Plenty of discussion about both on this board. Not sure if they offer a 10-yr, but they do 15 and you can just pay it quicker.
by playtothebeat
Sun Jan 24, 2021 10:57 am
Forum: Personal Investments
Topic: I just bought individual stocks and a lot of them.
Replies: 218
Views: 17121

Re: I just bought individual stocks and a lot of them.

How do you know the market is overvalued? Relative to what - the value a year ago? What if this is actually just a starting point and there is a 30% gain in the next two years? The market was also “overvalued” when the Dow hit 20,000 about 3 years ago... its at 30k now. If the market is overvalued, ...
by playtothebeat
Wed Jan 20, 2021 12:07 am
Forum: Personal Finance (Not Investing)
Topic: Investment in Mobile Home Park
Replies: 93
Views: 6740

Re: Investment in Mobile Home Park

If you decide to raise rents and/or evict, it’s easier said than done. Owners band together to protect one another, and there are optics behind trying to evict a mobile park resident.. keep that in mind.
by playtothebeat
Sun Jan 17, 2021 11:23 pm
Forum: Personal Finance (Not Investing)
Topic: Commercial Lease Expiration + Potential Lawsuit
Replies: 19
Views: 1429

Re: Commercial Lease Expiration + Potential Lawsuit

You need a lawyer for this. Did you you get an estoppel from the tenant when you bought the building? Is the lease recorded or unrecorded? Has there been any other communication over the term of the lease that suggested something to the contrary of lease terms? Is there any potential landlord defaul...
by playtothebeat
Sun Jan 17, 2021 12:22 am
Forum: Personal Finance (Not Investing)
Topic: Refinancing Mortgage under 100k
Replies: 8
Views: 771

Re: Refinancing Mortgage under 100k

Closing costs will likely be too high to make it worth it.. even if you go to, say, a 2.5% rate on a new loan, your payment only drops about $100 or less per month. Understandably that could very well be a material amount of money to you, but any other parts of your budget that you could cut instead...
by playtothebeat
Sat Jan 16, 2021 12:14 pm
Forum: Personal Finance (Not Investing)
Topic: Expense ratio for mutual fund - is the concern exaggerated?
Replies: 26
Views: 1494

Re: Expense ration for mutual fund - is the concern exaggerated?

ER has been proven to be the only predictor (or correlator, I guess?) of performance.
Of course if you can guarantee higher results which offset the higher ER, then do that every day. But you can’t guarantee it.
by playtothebeat
Thu Jan 14, 2021 11:47 pm
Forum: Personal Finance (Not Investing)
Topic: HSA Tax Liability in California
Replies: 13
Views: 1042

Re: HSA Tax Liability in California

Went through this exact thing in 2020. Realized I’ll have a $300 extra tax bill. Not huge but unnecessary.
by playtothebeat
Sun Jan 03, 2021 10:59 pm
Forum: Personal Investments
Topic: I’m about to turn 18, how can I invest for maximum lifetime gains and where do I start?
Replies: 29
Views: 2132

Re: I’m about to turn 18, how can I invest for maximum lifetime gains and where do I start?

Read Bogleheads Guide to Investing (or maybe the new edition is called “to Retirement”, I can’t recall).
And just get in the habit of saving.
by playtothebeat
Thu Dec 31, 2020 12:23 pm
Forum: Personal Finance (Not Investing)
Topic: Help re-balance HSA holdings
Replies: 5
Views: 414

Re: Help re-balance HSA holdings

I want to make sure i'm calculating my capital loss in the fund correctly.. Hoping someone here can look through the math and help me get comfortable. (in round numbers) September 2016 initial purchase cost: $8500 (129 shares @ $66/share) Dividends (ordinary + capital distributions) received over pa...
by playtothebeat
Thu Dec 31, 2020 11:55 am
Forum: Personal Investments
Topic: Sale of a fund today (12/31)
Replies: 3
Views: 288

Re: Sale of a fund today (12/31)

If you sell a fund today, then it will be considered a 12/31 transaction and you will get the 12/31 (not the 12/30) closing NAV. Got it. This is the language on the Fidelity site that threw me off: "If you enter a trade to buy or sell shares of a mutual fund, your trade will be executed at the...
by playtothebeat
Thu Dec 31, 2020 11:52 am
Forum: Personal Investments
Topic: Sale of a fund today (12/31)
Replies: 3
Views: 288

Sale of a fund today (12/31)

If i sell shares of a mutual fund today (12/31), will that be considered a 2020 transaction (presumably sale based on current NAV, which is based on 12/30 closing I believe)? Or would the sale occur on the next business day? Never came across having to actually figure this out the "timing"...
by playtothebeat
Wed Dec 30, 2020 12:06 pm
Forum: Personal Investments
Topic: First Backdoor Roth Complete, next steps?
Replies: 1
Views: 143

First Backdoor Roth Complete, next steps?

Just completed our first Backdoor Roth for both of us ($6k each) through Vanguard. Was a pretty seamless process (unless of course i screwed something up!). Conversion was completed before the end of the year, so I think the tax forms should be straight forward.. The conversion funds moved from a Se...
by playtothebeat
Sun Dec 27, 2020 11:14 pm
Forum: Personal Finance (Not Investing)
Topic: Am I over-leveraged?
Replies: 13
Views: 1626

Re: Am I over-leveraged?

Is your income $100k? Or $1mm? Is the CRE property worth 1.5mm (I.e. 100% ltv) or 5mm (I.e. 30% ltv)?
There’s a big difference in how your credit worthiness could be reviewed depending on these answers (and others).
by playtothebeat
Sun Dec 27, 2020 5:27 pm
Forum: Personal Finance (Not Investing)
Topic: Help re-balance HSA holdings
Replies: 5
Views: 414

Re: Help re-balance HSA holdings

While it is worthwhile to harvest losses in a HSA, you don't need to rebalance within that account. Your HSA, IRA, and 401(k) are all being invested for expenses in retirement, so you only need to keep your accounts balanced across all of them. Thus it might make sense to hold Treasury bonds in the...
by playtothebeat
Sun Dec 27, 2020 12:33 am
Forum: Personal Finance (Not Investing)
Topic: Help re-balance HSA holdings
Replies: 5
Views: 414

Help re-balance HSA holdings

Would appreciate any advice I can get on some HSA-related issues.. I have two HSA accounts with +/- $60k in total holdings between them. I am in California, and thus have to pay taxes on dividends and capital gains. One of my accounts has approx $16K in WFIOX (Wells Fargo Index Fund), which over the...
by playtothebeat
Sat Dec 26, 2020 2:41 pm
Forum: Personal Investments
Topic: Non-traded REIT sold creating a huge gain. Can somebody walk me through it?
Replies: 2
Views: 433

Re: Non-traded REIT sold creating a huge gain. Can somebody walk me through it?

Your K1 should show the capital account balance which accounts for both contributions/distributions as well as non-distributed income, depreciation, etc
by playtothebeat
Wed Dec 23, 2020 10:07 pm
Forum: Personal Investments
Topic: Theft in HSA account - Help needed
Replies: 25
Views: 3662

Re: Theft in HSA account - Help needed

Hopefully you’re not a resident of NJ or CA, as this would be a taxable event in those states (not other states, and not at a federal level).
by playtothebeat
Wed Dec 23, 2020 10:02 pm
Forum: Personal Finance (Not Investing)
Topic: Mandatory distribution by year-end but funds not available
Replies: 9
Views: 967

Re: Mandatory distribution by year-end but funds not available

They need professional advice from a tax attorney and CPA to answer these questions. Get someone with expertise on charitable foundations. Presumably they already have experts who helped set up the foundation, file annual tax returns etc, so start there.
by playtothebeat
Mon Dec 21, 2020 12:51 pm
Forum: Personal Investments
Topic: backdoor Roth @vanguard (wait for 7 days)
Replies: 5
Views: 545

Re: backdoor Roth @vanguard (wait for 7 days)

Following...
going through that also (first time doing a backdoor). The Convert button disappeared but if you change the view it shows up again. I can’t recall exactly how but there’s a way.
I deposited and it’s in the “settlement fund”. Guessing same with you?
by playtothebeat
Sun Dec 20, 2020 3:47 pm
Forum: Personal Finance (Not Investing)
Topic: High Margin Small Businesses
Replies: 10
Views: 962

Re: High Margin Small Businesses

Attorney, accountant, etc. any sort of business where you, as a sole practitioner, provide expertise to clients.
by playtothebeat
Fri Dec 18, 2020 8:25 pm
Forum: Personal Finance (Not Investing)
Topic: What is the Worst Financial Decision/Mistake You Have Made?
Replies: 230
Views: 18485

Re: What is the Worst Financial Decision/Mistake You Have Made?

Easy - Buying a Tesla in 2018 instead of putting all that cash in to the stock. I bought a few thousand of the stock after I saw how great the car was and it 10X since then. If I had taken the $60k I spent for the car I would have $540,000 extra now. Would you have held it through the ups and downs...
by playtothebeat
Fri Dec 18, 2020 8:04 pm
Forum: Personal Finance (Not Investing)
Topic: What is the Worst Financial Decision/Mistake You Have Made?
Replies: 230
Views: 18485

Re: What is the Worst Financial Decision/Mistake You Have Made?

Fortunately very few thus far, though long way to go. I guess the only one I’d point to is not recognizing that my HSA (in California) has some inefficient funds so I have to pay some cap gain taxes each year.. and then not realizing that I accidentally liquidated about $25k of HSA funds, which will...
by playtothebeat
Fri Dec 18, 2020 11:53 am
Forum: Personal Finance (Not Investing)
Topic: What to do with "extra" $50/ month?
Replies: 30
Views: 2509

Re: What to do with "extra" $50/ month?

Keep it where it is. That $50/mo - $600/yr - helps cover some of the inflationary increases, probably. Don’t overthink it.
by playtothebeat
Sat Dec 12, 2020 7:05 pm
Forum: Personal Consumer Issues
Topic: Luxury clothes
Replies: 146
Views: 11525

Re: Luxury clothes

I do get my suits custom made. They cost around $1,000 each. I’m short and fat. Buying off the rack just isn’t an option. My dress shirts are custom too. But I like Ralph Lauren polos and Armani is just damn elegant. I also love the bold designs of Robert Graham but his stuff sadly is not meant for...
by playtothebeat
Tue Dec 08, 2020 2:46 pm
Forum: Personal Finance (Not Investing)
Topic: What should a 23 year old consider before purchasing a Tesla?
Replies: 264
Views: 13547

Re: What should a 23 year old consider before purchasing a Tesla?

I'm going to give a contrarian answer and answer your questions about what you should consider.. If your mind is set on a tesla, buy the tesla. Otherwise you will likely just look to trade your car GTI or whatever else in. I know the feeling (I don't own a drive a tesla, or have any interest in one,...
by playtothebeat
Sat Dec 05, 2020 9:50 pm
Forum: Personal Investments
Topic: How to invest half million?
Replies: 37
Views: 4767

Re: How to invest half million?

Is 500k a big part of your overall assets (including 401) or small? Is your 401k in bonds or stocks? Are you 30 or 60 years old? Need to provide more info to get an actionable answer..
by playtothebeat
Thu Dec 03, 2020 11:37 am
Forum: Personal Finance (Not Investing)
Topic: Refinance 1.6yo mortgage?
Replies: 30
Views: 2270

Re: Refinance 1.6yo mortgage?

Yep. Do it. Lower the rate, new 30 year loan, but keep paying at the same amount you’re used to paying now, and get it paid off quicker.
by playtothebeat
Wed Dec 02, 2020 12:35 am
Forum: Personal Investments
Topic: Need help making investment decisions after house fire
Replies: 47
Views: 2858

Re: Need help making investment decisions after house fire

25k/yr for each of you, for 20 years, at a 5% average rate of return gets you to around 1.6mil. Just an FYI. I’d rather control the process with index funds than follow a universal life policy. My 2 cents. Also, thought your question would be about whether or not to rebuild, not about a life insuran...
by playtothebeat
Sun Nov 29, 2020 12:00 pm
Forum: Personal Investments
Topic: HSA transfer with 21-day blackout period
Replies: 12
Views: 918

Re: HSA transfer with 21-day blackout period

Hopefully you’re not in CA or NJ, as you would owe taxes on the gains from the liquidation (assuming it’s not an “in kind transfer”). Went through the same thing this year, with about $30k. In hindsight, wish I just kept the account with the old custodian... I completely misunderstood how they would...
by playtothebeat
Wed Nov 25, 2020 7:05 pm
Forum: Personal Investments
Topic: Do I have too much HSA money?
Replies: 87
Views: 11000

Re: Do I have too much HSA money?

I have ~$60k at age 34 and plan to keep it going for as long as possible. Figure even if we never use it and ultimately pass it on to our son, no matter the tax consequences, it's still inheritance he wasn't counting on (and hopefully, whatever that amount is, it's insignificant relative to other as...
by playtothebeat
Tue Nov 24, 2020 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Recs for CA disability insurance brokers?
Replies: 3
Views: 210

Re: Recs for CA disability insurance brokers?

I’m in Orange County and had a good experience working with a broker down here. If you’re somewhere around here, send me a Pm and I’ll share contact info.
by playtothebeat
Mon Nov 23, 2020 12:33 am
Forum: Personal Investments
Topic: Brokerage account vs Traditional IRA
Replies: 16
Views: 912

Re: Brokerage account vs Traditional IRA

Consider a Backdoor Roth for the first 6k of that.
by playtothebeat
Sun Nov 22, 2020 10:44 pm
Forum: Personal Finance (Not Investing)
Topic: Need Heloc california $300k - where to go?
Replies: 5
Views: 638

Re: Need Heloc california $300k - where to go?

Banks who cater to high net worth individuals.
First republic, First Bank, Citizens, City National, etc
by playtothebeat
Sat Nov 21, 2020 6:15 pm
Forum: Personal Finance (Not Investing)
Topic: Refinancing - Take Cash Out and Keep Payment the Same?
Replies: 8
Views: 509

Re: Refinancing - Take Cash Out and Keep Payment the Same?

You’re going down by a full percentage point but only saving $85/month? Is that right? Just a really small loan?

Make sure there are no closing costs as that payback will be quite long I suspect.
by playtothebeat
Tue Nov 17, 2020 11:54 pm
Forum: Personal Investments
Topic: Vanguard's 2020 capital gains estimates
Replies: 67
Views: 9296

Re: Vanguard's 2020 capital gains estimates

I’m trying to understand why the funds with high cap gains would be tax inefficient.. I understand you’d have to pay taxes on the capital gains that are distributed to you (which of course isn’t fun from a cash flow standpoint since you - most likely - reinvested dividends and thus didn’t actually r...
by playtothebeat
Tue Nov 17, 2020 10:10 pm
Forum: Personal Investments
Topic: IRA to Roth conversion, taking a huge tax hit
Replies: 38
Views: 3224

Re: IRA to Roth conversion, taking a huge tax hit

Please share what stock it is. The more people want to buy it, the better it is for you so there is no reason not to share. Conversion is all about where you think taxes are headed. And as someone else pointed out, ROTH space is precious so probably not advisable to gamble with it all things conside...
by playtothebeat
Tue Nov 17, 2020 4:22 pm
Forum: Personal Finance (Not Investing)
Topic: Path to UHNW
Replies: 48
Views: 5199

Re: Path to UHNW

Then buy residential real estate at a young age and purchase your first rental house at 21. Buy good properties in nice neighborhoods in growing towns. Buy another rental house every year. Keep buying a house or two per year. Just when I think bogleheads can’t get any more out of touch... I wasn't ...
by playtothebeat
Mon Nov 16, 2020 9:32 pm
Forum: Personal Finance (Not Investing)
Topic: Path to UHNW
Replies: 48
Views: 5199

Re: Path to UHNW

I know many such individuals, all of whom are in the commercial real estate space (development and/or investment/ownership). Not an overnight success, of course. Not sure commercial real estate is where you want to be right now or in the short term future. Work from home just got a massive shot in ...
by playtothebeat
Mon Nov 16, 2020 1:56 pm
Forum: Personal Finance (Not Investing)
Topic: Path to UHNW
Replies: 48
Views: 5199

Re: Path to UHNW

I know many such individuals, all of whom are in the commercial real estate space (development and/or investment/ownership). Not an overnight success, of course.
by playtothebeat
Thu Nov 12, 2020 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: How much Housing can I afford?
Replies: 49
Views: 2592

Re: How much Housing can I afford?

Long Beach, Naples, Seal Beach etc have many older homes with an added apartment above a garage etc - see if you can rent one of those. Might work out well! I think buying on a single income would be tough. Truly. Even if your mortgage and tax etc is “reasonable”, upkeep etc would have to be conside...
by playtothebeat
Sun Nov 08, 2020 6:00 pm
Forum: Personal Consumer Issues
Topic: How much do you spend per week on groceries?
Replies: 61
Views: 4849

Re: How much do you spend per week on groceries?

Around 1500/mo for a family of 3 (2 adults and a 7 year old). Eat out a couple times a week. We stopped looking for deals on groceries, to be honest. Just buy what we want when we want. Not much is wasted (though some is). Lots of fruit and all that, which adds up in cost I suppose. We could shop at...
by playtothebeat
Sat Nov 07, 2020 10:57 pm
Forum: Personal Investments
Topic: Good way of taking advantage of High COL real estate/housing market?
Replies: 9
Views: 1451

Re: Good way of taking advantage of High COL real estate/housing market?

What exactly do you mean by take advantage of? Be a player in it in some capacity?

Invest as an LP in some partnerships that invest in apartments or houses.
Start your own real estate business - could be management rather than ownership.
Become a general contractor.