Search found 86 matches

by uwbadgers
Fri Jul 07, 2017 8:36 am
Forum: Personal Consumer Issues
Topic: Assess our possible new house purchase (update)
Replies: 23
Views: 2855

Re: Assess our possible new house purchase

Hi Runner, Great question, let me explain what I meant. Our AVG NET incomes for each calendar year (this is where I used our "lowest" 12 month average for worst case scenario) 2013---7,295---->7,993 with rental income (734/month) 2014---7,056---->7,790 with rental income 2015---9,137---->9...
by uwbadgers
Fri Jul 07, 2017 6:58 am
Forum: Personal Consumer Issues
Topic: Assess our possible new house purchase (update)
Replies: 23
Views: 2855

Re: Assess our possible new house purchase

$2929/$8300 = 35% going to housing. I know that lenders use gross but 35% of net would be uncomfortable for me (and we're in the same income bracket with no children). Additionally, if you have cable, internet, gas, electric, water, sewer, you probably have at least another $500 in utilities bringi...
by uwbadgers
Fri Jul 07, 2017 4:53 am
Forum: Personal Consumer Issues
Topic: Assess our possible new house purchase (update)
Replies: 23
Views: 2855

Re: Assess our possible new house purchase

Well, you've been doing a good job saving and have a healthy amount in retirement accounts already. Also having a rental property is nice. Can you afford another $1000/month? Yes, it appears so. How old of a house is it? What kind of upgrades/repairs are you anticipating? I would go ahead and get a...
by uwbadgers
Mon Jun 26, 2017 8:44 am
Forum: Personal Consumer Issues
Topic: Assess our possible new house purchase (update)
Replies: 23
Views: 2855

Re: Assess our possible new house purchase

In 4 years, for new construction, you will sell for $400k and clear $170k? That is amazing, must be serious appreciation going on in that area. I guess my question was to probe into why you've changed directions in such a short time and to encourage you to be certain you spent time to align as a fa...
by uwbadgers
Sun Jun 25, 2017 9:33 pm
Forum: Personal Consumer Issues
Topic: Assess our possible new house purchase (update)
Replies: 23
Views: 2855

Re: Assess our possible new house purchase

How long ago did you build your house, and why are you outgrowing a house you built? Hey, Built 4 years ago. Life's changed a bit, 2 kids now, and some aspects of neighborhood aren't as enjoyable as when we moved in. We don't have much privacy, small lots, and we are in center of everyone (I can se...
by uwbadgers
Sun Jun 25, 2017 7:27 pm
Forum: Personal Consumer Issues
Topic: Assess our possible new house purchase (update)
Replies: 23
Views: 2855

Re: Assess our possible new house purchase

Well, you've been doing a good job saving and have a healthy amount in retirement accounts already. Also having a rental property is nice. Can you afford another $1000/month? Yes, it appears so. How old of a house is it? What kind of upgrades/repairs are you anticipating? I would go ahead and get a...
by uwbadgers
Sun Jun 25, 2017 7:10 pm
Forum: Personal Consumer Issues
Topic: Assess our possible new house purchase (update)
Replies: 23
Views: 2855

Re: Assess our possible new house purchase

What are you currently doing with the $40k/year surplus you have been accruing for the past 4 years (net income $8300 - net expenses $5711 + $750/month rental income)? We put that extra towards rental property. I know that isn't always the "best" in pure numbers, but it really helped us f...
by uwbadgers
Sun Jun 25, 2017 6:56 pm
Forum: Personal Consumer Issues
Topic: Assess our possible new house purchase (update)
Replies: 23
Views: 2855

Assess our possible new house purchase (update)

Hi all, [update and more details farther down] Wanted to get feedback and thoughts on how these numbers look at your first glance. Potential new house: 550k price and ~3100 sq ft Current house: realtor assessed value based on sold comps ~444k and ~2600 sq ft Mortgage remaining: 222k After expenses s...
by uwbadgers
Sat Dec 24, 2016 10:35 am
Forum: Personal Investments
Topic: Help balancing stock/bonds in portfolio efficiently
Replies: 8
Views: 1315

Re: Help balancing stock/bonds in portfolio efficiently

Hi, I have just switched over the 401k to have future additions to the VTXVX 2015 Target Retirement Fund. With the match this year + a max out and including our normal Roth IRA's this should put our ratio at 85% stock/15% bond, so gradually working it down from the current 87%/13%. I understand that...
by uwbadgers
Tue Dec 13, 2016 5:08 pm
Forum: Personal Investments
Topic: Help balancing stock/bonds in portfolio efficiently
Replies: 8
Views: 1315

Re: Help balancing stock/bonds in portfolio efficiently

Livesoft, thanks for the simple suggestion. I like that idea as it keeps thing very simple. My knowledge overall is low and I am mainly just working on keeping expense ratios low and risk moderate and from all I've read here, bonds help to that :) I will look into some of the other TR funds offered ...
by uwbadgers
Fri Dec 09, 2016 12:32 pm
Forum: Personal Investments
Topic: Help balancing stock/bonds in portfolio efficiently
Replies: 8
Views: 1315

Re: Help balancing stock/bonds in portfolio efficiently

Thanks for the responses. Ruralavallon, don't most of our funds already have international in them? Aptenodytes, yes, I agree, the company stock should be moved. I am working on that. It's my wife's 401k and while we are in this together, still want to just go about it in a nice way and not demand t...
by uwbadgers
Wed Dec 07, 2016 3:59 pm
Forum: Personal Investments
Topic: Help balancing stock/bonds in portfolio efficiently
Replies: 8
Views: 1315

Help balancing stock/bonds in portfolio efficiently

Hi, Looking for simplest way to decrease stock/bond ratio as currently it's 87%/13% and I'd like to gradually work risk down just a bit (80%/20%) this next year . Main reason is just to regulate risk a bit more. Retirement transactions all on autopilot so would like to just set them up for 2017 and ...
by uwbadgers
Sat Nov 26, 2016 8:47 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2526
Views: 583779

Re: Share your net worth progression

***Updating original post*** Age 32/33 2 kids age 2.75 and 1 2/1/13---150k---began tracking finances 11/1/13---219k---Income 110k, spending 55k 11/1/14---298k---Income 110k, spending 74k (landscaping, finished basement) 11/1/15---407k---Income 165k, spending 64k (House value increased 309 to 340k) ...
by uwbadgers
Wed Jul 20, 2016 1:47 pm
Forum: Personal Finance (Not Investing)
Topic: Career Change?Age 32---Personal Trainer to Real Estate
Replies: 16
Views: 3478

Re: Career Change?Age 32---Personal Trainer to Real Estate

Hi everyone! Thank you very much for all of the replies, they have been very helpful. I'll try to respond to as many as I can here, not in any particular order. 1. As a few have mentioned, my degree isn't really the most marketable/useful. If I could go back 12 years maybe I'd go into something else...
by uwbadgers
Tue Jul 19, 2016 5:10 pm
Forum: Personal Finance (Not Investing)
Topic: Career Change?Age 32---Personal Trainer to Real Estate
Replies: 16
Views: 3478

Career Change?Age 32---Personal Trainer to Real Estate

Hi, I've had lots of luck in the past with some helpful thoughts from bogleheads so thought I'd try again. Thanks in advance for any words of wisdom. Age 32, Wife 33 Him: Income ~40k since 2011 as personal trainer in small, private studio along with 5 others Her: Income 70k, 70k, 125k, on pace for o...
by uwbadgers
Sun Mar 20, 2016 6:12 pm
Forum: Personal Finance (Not Investing)
Topic: Keep or Sell Rental Property?
Replies: 19
Views: 2060

Re: Keep or Sell Rental Property?

Thanks forever! I won't lie, most of your post is a bit over my head :) We used turbo tax this year and I believe we select the "depreciation" box? So I assume that means we claimed depreciation. We have done this the same way for all 3 years it's been a rental. Yes, our overall knowledge ...
by uwbadgers
Sun Mar 20, 2016 4:21 pm
Forum: Personal Finance (Not Investing)
Topic: Keep or Sell Rental Property?
Replies: 19
Views: 2060

Re: Keep or Sell Rental Property?

1. Yes, it is about 2 miles from our home 2. We used one as when starting out we didn't really have any idea how to find tenants, do leases, etc and didn't really want to. It does feel like kind of a waste but isn't something we have looked at changed yet. We are charged 5% of rent. 3. Confident in ...
by uwbadgers
Sun Mar 20, 2016 4:15 pm
Forum: Personal Finance (Not Investing)
Topic: Keep or Sell Rental Property?
Replies: 19
Views: 2060

Re: Keep or Sell Rental Property?

Thanks for the "recast" idea. I had never heard of that, will look into it some more. I am familiar with the TSM fund. Most of our retirement funds are in Vanguard in a combo of total stock market, total international ,etc. Thanks to this board a few years ago we moved everything to Vangua...
by uwbadgers
Sun Mar 20, 2016 4:13 pm
Forum: Personal Finance (Not Investing)
Topic: Keep or Sell Rental Property?
Replies: 19
Views: 2060

Re: Keep or Sell Rental Property?

I guess we are happy with the cashflow. We have liked the thought of having it paid off and having that "bonus" income each month and then being able to sell it down the road as well. This is where my main questions are....are we actually making better progress doing that than a different ...
by uwbadgers
Sun Mar 20, 2016 12:54 pm
Forum: Personal Finance (Not Investing)
Topic: Keep or Sell Rental Property?
Replies: 19
Views: 2060

Re: Keep or Sell Rental Property?

Thanks for the last few replies! Iflyjetzz, we do currently max 401k, 2 Roth IRA, have 0 debts besides mortgage, and we do save $200/month currently for the kids. I don't think Roth401k is a good option for us, I don't see our retirement income being higher than it is currently. Watty, thanks! That ...
by uwbadgers
Sun Mar 20, 2016 8:33 am
Forum: Personal Finance (Not Investing)
Topic: Keep or Sell Rental Property?
Replies: 19
Views: 2060

Re: Keep or Sell Rental Property?

Hi! There are limits to amount of rentals and they have to be approved by hoa. At the time the condo building owner had too high of a percentage owned, I think over 10% which made Freddie and Fannie standard loans very tough and risky. As far as the why, I don't have an awesome answer. I guess we sa...
by uwbadgers
Sun Mar 20, 2016 7:06 am
Forum: Personal Finance (Not Investing)
Topic: Keep or Sell Rental Property?
Replies: 19
Views: 2060

Keep or Sell Rental Property?

Hi! Thanks in advance for any insight and thoughts on this. Let me first start by saying that this wasn't a rental purchased as a rental. This was a condo my wife owned before we met. We decided to rent it out when we purchased our first home as at that time the building still had too many owner own...
by uwbadgers
Wed Aug 05, 2015 4:04 pm
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 2526
Views: 583779

Re: Share your networth progression

Included in my NW Assets: Roth Him, Roth Her, 401k her, small trust fund, Cash, House value, Condo value Debts: House, Condo, CC Married 2012 1st Kid 2/1/14 2nd Kid TBD (11/18/15 due date) 3/1/13---156k---began tracking finances 8/1/13---203k---bought house for 309k, renting out condo 8/1/14---286k-...
by uwbadgers
Sun Jul 19, 2015 6:57 am
Forum: Personal Investments
Topic: State of Affairs! Investment Summary/10 year plan questions
Replies: 8
Views: 1064

Re: State of Affairs! Investment Summary/10 year plan questions

I would really talk to your employer to see if there is any way to set up a retirement account at work. It really isn't too hard to set up. If not, taxable is you only solution I think. Great job so far!! Well, we actually did have one 5-6 years ago. It actually was my first time ever investing. Th...
by uwbadgers
Sun Jul 19, 2015 6:54 am
Forum: Personal Investments
Topic: State of Affairs! Investment Summary/10 year plan questions
Replies: 8
Views: 1064

Re: State of Affairs! Investment Summary/10 year plan questions

Congrats on your overall financial health ! Question: If you think your best bet is to pay off the rental now, how do you choose to then invest in taxable instead of next paying down your primary home's mortgage ? Or, why pay off the rental now rather than pay into taxable investments ? I realize i...
by uwbadgers
Sat Jul 18, 2015 9:48 pm
Forum: Personal Investments
Topic: State of Affairs! Investment Summary/10 year plan questions
Replies: 8
Views: 1064

Re: State of Affairs! Investment Summary/10 year plan questions

whew ! That is a long list,...best advise, wish I Had listened earlier, is "always pay yourself first !" Thanks See Moe! I agree, automating our 401k and IRA has been great. I guess that's why we have been doing so much extra towards our rental after tax....we are just programmed to do it...
by uwbadgers
Sat Jul 18, 2015 9:45 pm
Forum: Personal Investments
Topic: State of Affairs! Investment Summary/10 year plan questions
Replies: 8
Views: 1064

Re: State of Affairs! Investment Summary/10 year plan questions

Do you have access to a retirement account through your work? If not, are you able to open a solo 401k? I would prioritize retirement savings in another vehicle prior to taxable if you have the option. This can also help answer some of your questions: Tax Efficient Fund Placement Thanks for the res...
by uwbadgers
Sat Jul 18, 2015 11:53 am
Forum: Personal Investments
Topic: State of Affairs! Investment Summary/10 year plan questions
Replies: 8
Views: 1064

State of Affairs! Investment Summary/10 year plan questions

First of all, thanks in advance for any tip or thoughts and I apologize for the long post. It was very beneficial to get this all written out in summary form to help myself get a good view of our current status. Sorry if this should be in PF forum, I wasn't sure where to put it exactly. Long time, d...
by uwbadgers
Sat Jan 17, 2015 12:01 pm
Forum: Personal Investments
Topic: Personal Investment Advice---Taxable/401k related
Replies: 8
Views: 1425

Re: Personal Investment Advice---Taxable/401k related

Quick update. Taxable has been liquified and will be used to fund 2015 Roth. Wife's roth is in process of being rolled to vanguard. Our 3 funds owned are: VTSAX VFIFX VTHRX All future deposits will be auto monthly and we plan to set and forget in a while. Anything seem off about the plan currently? ...
by uwbadgers
Wed Jan 14, 2015 10:51 am
Forum: Personal Investments
Topic: Personal Investment Advice---Taxable/401k related
Replies: 8
Views: 1425

Re: Personal Investment Advice---Taxable/401k related

Quick bump. Anything I am overlooking with those 3 main funds? I know there is some overlap, but is that bad? Here is the breakdown. Roth---Him 23k---VTSAX (100/0) 100% Total Stock Roth---Her 58k---VTHRX 2030 (75/25)--- NEW FUND 50% Total Stock Market 25% Total International 20% Total Bond 5% Total ...
by uwbadgers
Tue Jan 13, 2015 9:28 pm
Forum: Personal Investments
Topic: Personal Investment Advice---Taxable/401k related
Replies: 8
Views: 1425

Re: Personal Investment Advice---Taxable/401k related

Thanks again, that makes sense. I think what I am looking at now would be this. Roth---Him 23k---VTSAX (100/0) ER 0.05 Roth---Her 58k---VTHRX 2030 (75/25) ER 0.17 401k---Her 52k---VFIFX 2050 (90/10) ER 0.19 With the makeup of those 3 funds, our AA should be right about 85/15. I think that should fit...
by uwbadgers
Sun Jan 11, 2015 8:17 am
Forum: Personal Investments
Topic: Personal Investment Advice---Taxable/401k related
Replies: 8
Views: 1425

Re: Personal Investment Advice---Taxable/401k related

Thanks for the replay BL. I had a good conversation with my wife last night and here is an updated plan for us, hopefully we get it taken care of this week! The plan is to sell off the taxable and close that account. From that 12k, she will fill her Roth IRA for the year, which will be transferred t...
by uwbadgers
Wed Jan 07, 2015 8:50 pm
Forum: Personal Investments
Topic: Personal Investment Advice---Taxable/401k related
Replies: 8
Views: 1425

Re: Personal Investment Advice---Taxable/401k related

Yes, I am working on doing a roth switch over for her. It is a work in progress. To answer your question. 1. Of the 12k, I am having trouble finding the exact amount in her account. I can view all the separate purchases, but it isn't showing total as a value. However, most funds were purchases in th...
by uwbadgers
Wed Jan 07, 2015 6:57 pm
Forum: Personal Investments
Topic: Personal Investment Advice---Taxable/401k related
Replies: 8
Views: 1425

Personal Investment Advice---Taxable/401k related

Hello everyone! Emergency funds: yes Debt: Home (240k remaining at 3.75) + Rental Condo (125k remaining at 3.8) Tax Filing Status: Married Filing Jointly Tax Rate: 25% Federal, 6.5% State State of Residence: WI Age: Me 30, Wife 31 Income: Him 43k and Her 72k = 115k total Current retirement assets TO...
by uwbadgers
Sat Dec 06, 2014 8:13 am
Forum: Personal Finance (Not Investing)
Topic: Thinking of becoming a personal fitness trainer
Replies: 36
Views: 6141

Re: Thinking of becoming a personal fitness trainer

I'll chime in here with my experience as a trainer, as I have been training for the last 8 years. I have spent the last 6.5 years with the same place, a smaller, studio type setting. While some of the above info posted about the "big box" gyms is true, my experience has been vastly differe...
by uwbadgers
Mon Aug 25, 2014 4:01 pm
Forum: Personal Investments
Topic: Possible Partial Small Business Buy In--ROI?
Replies: 1
Views: 382

Possible Partial Small Business Buy In--ROI?

Hello! Long time lurker, first time posting. I am keeping this as short as I can, not really looking for thoughts on the business right now, more just a straight up $ comparison. Of course, I understand there is more to it than just straight $, but let's save that for another time :) My main questio...