Search found 2997 matches

by Carefreeap
Tue Apr 06, 2021 10:00 am
Forum: Personal Finance (Not Investing)
Topic: Spouse on Deed but not Mortgage?
Replies: 13
Views: 1383

Re: Spouse on Deed but not Mortgage?

We were in a similar situation until our latest refi where I was on the note but both of us were on the deed. My income was sufficient and the financing was much easier. The reason I added her in the latest refinance as I would think that in the event of my death, the note would immediately become ...
by Carefreeap
Sun Apr 04, 2021 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house in Bay Area
Replies: 57
Views: 4454

Re: Buying a house in Bay Area

From a financial point of view if I were in your shoes I'd be tempted to lock in a great deal with a luxury apartment in the City with good access to Transit. Both rents and prices really dipped during the pandemic. They will rebound as the City re-opens. In the meantime you can keep shoveling money...
by Carefreeap
Thu Apr 01, 2021 5:28 pm
Forum: Personal Finance (Not Investing)
Topic: Questionable offer for as is house
Replies: 16
Views: 2494

Re: Questionable offer for as is house

I don't understand people who don't just, umm, put the house on the market, and, umm, sell it. > It is an old house that needs to be torn down in area that is in demand with new housing developments and apartment. I guess it's possible that this really is the only thing that can be done with the pr...
by Carefreeap
Thu Apr 01, 2021 9:51 am
Forum: Personal Consumer Issues
Topic: Curious about negative expat experiences -- why don't more people do it?
Replies: 111
Views: 10586

Re: Curious about negative expat experiences -- why don't more people do it?

We were lucky that the house came with a built-in kitchen because many don't. Stuff you don't think of here in the U.S. Yeah, the whole "purchasing a complete kitchen" thing was a new concept to us as well. People usually buy those then take it with them when they move. What exactly do yo...
by Carefreeap
Wed Mar 31, 2021 10:25 am
Forum: Personal Consumer Issues
Topic: Curious about negative expat experiences -- why don't more people do it?
Replies: 111
Views: 10586

Re: Curious about negative expat experiences -- why don't more people do it?

I've been very honest that our experience was a mixed bag. That said, knowing what I do now I would do it all over again. Part of our negative experiences was due to timing. We moved from Arizona to Bonn, Germany in 2009 and left in 2012. DH was lucky to get the offer at all. Many of his colleagues ...
by Carefreeap
Tue Mar 30, 2021 6:47 pm
Forum: Personal Finance (Not Investing)
Topic: Elderly Parent in Assisted Living - Too Late for Trust or not?
Replies: 20
Views: 1646

Re: Elderly Parent in Assisted Living - Too Late for Trust or not?

first off, did you see an elder law attorney? If not, do not consider any advice you received in reference to medicaid planning. You must see an elder law attorney to make sure you're doing what's within the law/medicaid policy to protect assets from medicaid. couple thoughts, medicaid doesn't cove...
by Carefreeap
Mon Mar 29, 2021 8:16 pm
Forum: Personal Finance (Not Investing)
Topic: vacation home in Phoenix area
Replies: 18
Views: 1701

Re: vacation home in Phoenix area

I'd do vacation rentals if you are coming 1-2 weeks per year. Phoenix is very large, would use the vacation rentals to try out different areas or subdivisions or golf courses if applicable to see which ones you like best before buying a property. This is great advice. The greater PHX area is huge. ...
by Carefreeap
Mon Mar 15, 2021 5:25 pm
Forum: Personal Finance (Not Investing)
Topic: Adding to principal payment for short term ownership
Replies: 7
Views: 480

Re: Adding to principal payment for short term ownership

I would leave it alone. You've got a good rate and I would value liquidity and keeping my options open. How old are you? Are you still working? 63/60 both retired And you're planning on moving again in the next couple of years? Our house moves were prompted by job relocations. I think our current h...
by Carefreeap
Sun Mar 14, 2021 9:40 pm
Forum: Personal Finance (Not Investing)
Topic: With the large number of posts on umbrella insurance ....and more and more posts on "becoming a nomad"...
Replies: 28
Views: 2441

Re: With the large number of posts on umbrella insurance ....and more and more posts on "becoming a nomad"...

I was encouraged by my insurer (USAA at the time) to keep the renter's policy because it insured my belongings, regardless of where they were (this apparently includes a storage unit). I declined to keep it, but I learned that you can insure possessions regardless of their location. This is all kin...
by Carefreeap
Sun Mar 14, 2021 5:46 pm
Forum: Personal Finance (Not Investing)
Topic: With the large number of posts on umbrella insurance ....and more and more posts on "becoming a nomad"...
Replies: 28
Views: 2441

Re: With the large number of posts on umbrella insurance ....and more and more posts on "becoming a nomad"...

With the large number of posts on umbrella insurance (UI)....and the increasing number of posts on "becoming a nomad".... I have an interesting question. I'll define a "nomad" for now as someone who travels around living in different hotels for a few weeks at a time, both within...
by Carefreeap
Sun Mar 14, 2021 5:41 pm
Forum: Personal Finance (Not Investing)
Topic: Adding to principal payment for short term ownership
Replies: 7
Views: 480

Re: Adding to principal payment for short term ownership

I would leave it alone. You've got a good rate and I would value liquidity and keeping my options open.

How old are you? Are you still working?
by Carefreeap
Sun Mar 14, 2021 5:32 pm
Forum: Personal Finance (Not Investing)
Topic: Creative Real Estate Listing Agent Fee Structure
Replies: 40
Views: 2002

Re: Creative Real Estate Listing Agent Fee Structure

Then offer him a 5% commission and don't be PITA client. He'll get you the best price possible, knows the local customs and will keep you out of trouble with the required disclosures. You've inherited this property and the price is at an all-time high for heaven's sake. Don't step over dollars to p...
by Carefreeap
Sun Mar 14, 2021 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Hiring help for 90yo Mom
Replies: 15
Views: 1771

Re: Hiring help for 90yo Mom

I don't know about other states, but California is filled with landmines when you try to hire an in-home caregiver. For starters, they must be W-2 employees; it is illegal to make them a 1099 contractor. Also, if you use an agency, make sure you are indemnified by them against and wage & hours ...
by Carefreeap
Sun Mar 14, 2021 5:22 pm
Forum: Personal Finance (Not Investing)
Topic: Hiring help for 90yo Mom
Replies: 15
Views: 1771

Re: Hiring help for 90yo Mom

Does anybody have experience directly hiring help for an elderly relative? My Mother has mild dementia and wishes to remain in her own home. However, she clearly needs regular supervision and assistance. My Sister and I have learned of various people that do that for other elderly people around tow...
by Carefreeap
Sun Mar 14, 2021 5:01 pm
Forum: Personal Finance (Not Investing)
Topic: Creative Real Estate Listing Agent Fee Structure
Replies: 40
Views: 2002

Re: Creative Real Estate Listing Agent Fee Structure

You can certainly try anything, but realize that it is very unlikely that the best agents would have any interest in your offer as those agents are in demand and stay busy. Why would they invest the time and expense of listing your relatively low value property (and deal with an owner who takes the...
by Carefreeap
Sun Mar 14, 2021 4:54 pm
Forum: Personal Finance (Not Investing)
Topic: Creative Real Estate Listing Agent Fee Structure
Replies: 40
Views: 2002

Re: Creative Real Estate Listing Agent Fee Structure

Has anyone had good luck or experience in structuring real estate listing agent fees? I have an inherited property that I've been renting, but decided to sell. Its a modest home in a recently high demand area of rural New England due to covid. Zillow estimate is $190,000, but there is almost nothin...
by Carefreeap
Sun Mar 14, 2021 11:01 am
Forum: Personal Finance (Not Investing)
Topic: buying a second home without an agent
Replies: 6
Views: 591

Re: buying a second home without an agent

I'd be concerned about the following; Disclosures; most states have some rules about the seller having to disclose material defects. Contract; the Association of Realtors has a standard contract that has been litigated on both (actually three) sides. Access to inspectors and other trades folks. One ...
by Carefreeap
Fri Mar 12, 2021 2:53 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Related Retirement Questions
Replies: 11
Views: 1131

Re: Real Estate Related Retirement Questions

We have three homes. To be fair one of them has been in vacation rental service for nearly 20 years. Another is a former primary residence which we rented out when we relocated overseas in 2009. When the tenants moved out in November we looked into turning that into a vacation rental but decided not...
by Carefreeap
Fri Mar 12, 2021 2:17 pm
Forum: Personal Finance (Not Investing)
Topic: If you hit your # would you retire in this market?
Replies: 68
Views: 7684

Re: If you hit your # would you retire in this market?

OP, A) My 60/40 portfolio not including my EF is at 26X. My EF is at 3X. I am 50+ years old. And, I bought some physical Gold/Silver. If I cannot retire, it is no longer a money problem. B) Is your AA and EF at the level where if you cannot retire, it is no longer a money problem? If the answer is ...
by Carefreeap
Fri Mar 12, 2021 11:49 am
Forum: Personal Finance (Not Investing)
Topic: If you hit your # would you retire in this market?
Replies: 68
Views: 7684

Re: If you hit your # would you retire in this market?

There's never a perfect time. We retired in 2012. In a way that was good because we were very conservative with our budget. If you feel things are two frothy then do your numbers based on a 20% (or whatever # you like) drop. Would you still feel comfortable retiring? Frankly if I really liked my job...
by Carefreeap
Thu Mar 11, 2021 1:23 pm
Forum: Personal Finance (Not Investing)
Topic: Moving to Orange County or Poway.
Replies: 25
Views: 1702

Re: Moving to Orange County or Poway.

Sorrento Valley in San Diego is thought of as a mini Silicon Valley. Lots of biotech surronding Scripps and UC San Diego. Further south is more defense oriented. I sill like University City and Bay Park because of their locations. And you said you like Mid Century Modern. You won't find that in Powa...
by Carefreeap
Thu Mar 11, 2021 1:17 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 405
Views: 46009

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

Answering the question about the property I mentioned in my post reminded me of a situation the person doing the tax sale research told me. They said they had a situation where dad owned a cabin in one of the California mountain resorts. Property was used by dad and two sons as a weekend getaway, b...
by Carefreeap
Thu Mar 11, 2021 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 405
Views: 46009

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

That's funny, I find the thread quite fascinating! It's like a sci-fi reading to me and very entertaining. I grew up in what Americans would call extreme poverty. I don't expect to inherit anything. I don't even know anyone among my childhood friends and relatives who inherited anything, or is expe...
by Carefreeap
Wed Mar 10, 2021 6:40 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 405
Views: 46009

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

Your husband dies unexpectedly before his mom and then all his mom's money goes to your husband's sister leaving you with a dead husband an no inheritance. Never plan on any inheritance. Ever. This is what happened to me. I’m the wife. I wouldn't expect anything from my husband's family if he prede...
by Carefreeap
Wed Mar 10, 2021 11:17 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 405
Views: 46009

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

Twenty years later (now) one step-child is sadly deceased and the other two don't speak to their step-mother at all. Their father would probably like them to have their inheritance by now, but he would also have expected them to remain pleasant to their stepmother. Needless to say, there has been a...
by Carefreeap
Wed Mar 10, 2021 10:49 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 405
Views: 46009

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

Seems like the biggest takeaway from this thread is to hire a good estate lawyer if you have significant assets so that they can draw up a plan that handles a lot of the tricky scenarios like widows remarrying, divorces, and stuff like that. On the other end, I would recommend not only not being fi...
by Carefreeap
Wed Mar 10, 2021 9:57 am
Forum: Personal Finance (Not Investing)
Topic: Sell the Big House or Keep?
Replies: 45
Views: 5011

Re: Sell the Big House or Keep?

A common problem with many sellers is that they agree to provide some financing to get a higher sales price, and the property becomes an albatross when the buyer doesn't make the payments on the 1st mortgage and the holder of the 2nd has to payoff the 1st to preserve their position. Are you suggest...
by Carefreeap
Tue Mar 09, 2021 6:23 pm
Forum: Personal Finance (Not Investing)
Topic: Sell the Big House or Keep?
Replies: 45
Views: 5011

Re: Sell the Big House or Keep?

A common problem with many sellers is that they agree to provide some financing to get a higher sales price, and the property becomes an albatross when the buyer doesn't make the payments on the 1st mortgage and the holder of the 2nd has to payoff the 1st to preserve their position. Are you suggest...
by Carefreeap
Mon Mar 08, 2021 8:33 pm
Forum: Personal Finance (Not Investing)
Topic: Mechanics of private mortgage payoff
Replies: 9
Views: 1244

Re: Mechanics of private mortgage payoff

I own a condo that I purchased to house a family member. The first and sole mortgage is held by the previous owner, and I intend to pay it off early. This was and remains a completely friendly transaction. Please review the steps; in particular I am a bit unsure about the last one. Step 1: Notify l...
by Carefreeap
Mon Mar 08, 2021 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a home in a sellers market-Finance Question
Replies: 3
Views: 665

Re: Buying a home in a sellers market-Finance Question

Since your home is in a hot market think about selling with a 60 day rent back until you find suitable housing.
by Carefreeap
Mon Mar 08, 2021 5:31 pm
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 405
Views: 46009

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

Does having a will, notifying heirs its location, possibly distributing a copy, updating it every time your situation changes, and reviewing it annually mitigate 99% of the horror stories listed? Seems like just being moderately diligent solves a lot of potential headaches. The problem often arises...
by Carefreeap
Mon Mar 08, 2021 11:04 am
Forum: Personal Finance (Not Investing)
Topic: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.
Replies: 405
Views: 46009

Re: Has anyone see an inheritance not go as planned? I would like to hear stories from others of what can go wrong.

From nearly 10 years of participating in an online eldercare support group: Never assume there will be an estate left after an elder needs substatial care in their last years. If you are contemplating becoming a caregiver to an elderly family member, insist on a caregiver contract set up by a lawye...
by Carefreeap
Sat Mar 06, 2021 10:59 pm
Forum: Personal Finance (Not Investing)
Topic: Career in sales
Replies: 36
Views: 2342

Re: Career in sales

Depending on what she's passionate about her experience as a top donations giver could put her on track for working for non-profits with a goal to be an Executive Director. Some of those jobs can be quite lucrative but more importantly affiliating a career with what you believe in can be very reward...
by Carefreeap
Sat Mar 06, 2021 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate 1031 Exchange in Southern California
Replies: 14
Views: 4595

Re: Real Estate 1031 Exchange in Southern California

If you can’t close on one of the 3 identified properties in a timely manner, the exchange fails and the transaction is taxable. If this is the case, then I don’t see how anyone would do a 1031 Exchange in the current seller’s market. The odds are far too low that you would get to close on only one ...
by Carefreeap
Sat Mar 06, 2021 12:05 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate 1031 Exchange in Southern California
Replies: 14
Views: 4595

Re: Real Estate 1031 Exchange in Southern California

There's another option to consider which is an installment sale. I did this about 5 years ago when I sold my mom's condo in a San Diego beach community with a $300k cap gain. I knew the buyers very well. They got a new loan to replace the existing loan and we structured three $100k installments. It ...
by Carefreeap
Thu Mar 04, 2021 10:48 am
Forum: Personal Finance (Not Investing)
Topic: How to evaluate? Sell or rent SFH? [Single Family Home]
Replies: 9
Views: 573

Re: How to evaluate? Sell or rent SFH? [Single Family Home]

As someone who used to be in residential real estate in the SF Bay Area, I say get out while you can! Use your homeowner exemption and take the profit tax free!!! Being a residential landlord in SF Bay Area means having an attorney on call every so often. The laws in the area are totally biased tow...
by Carefreeap
Tue Mar 02, 2021 10:51 am
Forum: Personal Finance (Not Investing)
Topic: When Credit Card Fraud Happens Stay on Top of It!
Replies: 52
Views: 4985

Re: When Credit Card Fraud Happens Stay on Top of It!

News out of Chicago has been about the arrest of a few US postal employees involved in credit card theft. I wish card companies would implement something like a white list of vendors which you may order online, or some 2FA before authorizing online charges. There used to be something like this from...
by Carefreeap
Mon Mar 01, 2021 11:11 am
Forum: Personal Finance (Not Investing)
Topic: When Credit Card Fraud Happens Stay on Top of It!
Replies: 52
Views: 4985

Re: When Credit Card Fraud Happens Stay on Top of It!

While a phone call is all well and good to alert the credit card issuer to the fraud, if any fraudulent charges appear on a billing statement, the customer should ALWAYS follow the process for disputing unauthorized charges outlined here: https://www.consumer.ftc.gov/articles/0219-disputing-credit-...
by Carefreeap
Mon Mar 01, 2021 11:00 am
Forum: Personal Finance (Not Investing)
Topic: Issues selling an estate owned "landlocked" vacant lot in NC
Replies: 42
Views: 3604

Re: Issues selling an estate owned "landlocked" vacant lot in NC

If no-one offers to buy it, I agree that it can be deeded to the city of _____. ——signature———— —-date—- Offer $———- or (checkbox for deed to city) Please sign and return this form by mm/dd/yyyy. (Pass this by a lawyer first as I am not a lawyer.) Government entities generally have to formally acce...
by Carefreeap
Mon Mar 01, 2021 10:55 am
Forum: Personal Finance (Not Investing)
Topic: Issues selling an estate owned "landlocked" vacant lot in NC
Replies: 42
Views: 3604

Re: Issues selling an estate owned "landlocked" vacant lot in NC

I believe the best approach, if none of the heirs are interested in receiving the property as a portion of their inheritance, is to list it for sale with a realtor, perhaps one who specializes in land sales. You should consult with an attorney before attempting to close the estate without disposing...
by Carefreeap
Sun Feb 28, 2021 10:55 am
Forum: Personal Finance (Not Investing)
Topic: When Credit Card Fraud Happens Stay on Top of It!
Replies: 52
Views: 4985

Re: When Credit Card Fraud Happens Stay on Top of It!

whodidntante wrote: Sun Feb 28, 2021 12:46 am Pizza Hut? Your thief has poor taste in pizza.
Lol, my thoughts as well. When I was on the phone with Citi I was trying to think of the last time I ate in a Pizza Hut. It has to be something like 40 years. :wink:

Yes, I'm a pizza snob.
by Carefreeap
Sun Feb 28, 2021 10:52 am
Forum: Personal Finance (Not Investing)
Topic: When Credit Card Fraud Happens Stay on Top of It!
Replies: 52
Views: 4985

Re: When Credit Card Fraud Happens Stay on Top of It!

mhalley wrote: Sun Feb 28, 2021 12:41 am Wait, you never cancelled the card and got a new Costco card?
Citibank cancelled the card and issued another card.
by Carefreeap
Sat Feb 27, 2021 6:26 pm
Forum: Personal Finance (Not Investing)
Topic: Mortgage question - just one spouse on the note
Replies: 13
Views: 1149

Re: Mortgage question - just one spouse on the note

Hi All, What are the pros and cons of having only one spouse on a mortgage note? Home is under both names. I understand divorce could be one issue - but not so much in this case. Any other issues that need to be considered? Thank you. Yeti. Will the lender let you do that? DH quit-claimed the house...
by Carefreeap
Sat Feb 27, 2021 4:51 pm
Forum: Personal Finance (Not Investing)
Topic: When Credit Card Fraud Happens Stay on Top of It!
Replies: 52
Views: 4985

When Credit Card Fraud Happens Stay on Top of It!

I'm posting as a public service announcement. To make it actionable please share your stories of resolving credit card fraud. Back in late December I was contacted by Citibank Costo about a potentially fraudulent charge for Pay Stub Makr in the amount of $26.97. Never heard of them. While I was on t...
by Carefreeap
Sat Feb 27, 2021 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: too much in 401k may be forced to quit job
Replies: 183
Views: 16824

Re: too much in 401k may be forced to quit job

I don’t know why so many people are surprised at who can know about their salary/pension. In some states, everyone’s salary is public information as they are working for the public . Here, you can look up my salary or pension: https://transparentcalifornia.com/ :D (If you don’t know anyone’s name, ...
by Carefreeap
Sat Feb 27, 2021 2:16 pm
Forum: Personal Finance (Not Investing)
Topic: renting without an in-person showing
Replies: 19
Views: 1005

Re: renting without an in-person showing

As a small time landlord I've rented a condo to a person site unseen twice. I wouldn't do again. Both tenants left early; one tried to scam me and I had to start eviction proceedings. Second time guy bought a house partway through the lease. He wasn't too happy about having to keep paying on lease a...
by Carefreeap
Fri Feb 26, 2021 10:48 am
Forum: Personal Finance (Not Investing)
Topic: Refinance question: Can bank asks for this?
Replies: 12
Views: 1262

Re: Refinance question: Can bank asks for this?

If your refinance goes like mine you'll have to do it again when the mortgage gets sold to another company. Mine was with Interfirst and I only made one payment before it changed hands. I was told to update the insurance policy but not asked for any confirmation. Haven't done it yet. Figure I'll wa...
by Carefreeap
Fri Feb 26, 2021 10:42 am
Forum: Personal Finance (Not Investing)
Topic: How to think about 1% prepayment penalty for after-tax 3.7% mortgage
Replies: 19
Views: 1739

Re: How to think about 1% prepayment penalty for after-tax 3.7% mortgage

Are you sure that pre-payment penalty is enforceable? Unless it's a private mortgage I don't think it is. Back in 1982 after a big brouhaha about the enforcability of due on sale clauses the banks were given a choice to either make the loans assumable or enforce the due on sale (transfer) clause. It...
by Carefreeap
Thu Feb 25, 2021 7:52 pm
Forum: Personal Finance (Not Investing)
Topic: Refinance question: Can bank asks for this?
Replies: 12
Views: 1262

Re: Refinance question: Can bank asks for this?

If your refinance goes like mine you'll have to do it again when the mortgage gets sold to another company. Mine was with Interfirst and I only made one payment before it changed hands. I was told to update the insurance policy but not asked for any confirmation. Haven't done it yet. Figure I'll wa...
by Carefreeap
Thu Feb 25, 2021 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Paying for care for Mom
Replies: 17
Views: 1781

Re: Paying for care for Mom

We will go see a local CPA or attorney and follow their advice. Be sure to also ask them for the details of how to handle Social Security. A potential problem is that if your sister does this for five years and no Social Security is being paid then she might get a lot lower Social Security benefit ...