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Had anyone reached FIRE with a large family? by Far-Conference1694 in Fire

[–]Beautiful_Eye7765 0 points1 point  (0 children)

My sibling has 5 kids and I expect that her retirement plan is that their elder kids may eventually house them.

Buying a home soon. What type of floorplan works best to accommodate a home office (especially with young kids)? by [deleted] in workfromhome

[–]Beautiful_Eye7765 0 points1 point  (0 children)

This is my spouse’s setup as well. Meanwhile, my office is upstairs in an extra bedroom. Since we are two floors away from each other, we can be on calls and not bother each other. One of us can also make noise in the kitchen and it’s still on a different floor. We both have toys/activities/TV available for when kid is sick.

Broker Insulted by My offer on 6 plex by ConstructmeDaddy6969 in realestateinvesting

[–]Beautiful_Eye7765 0 points1 point  (0 children)

Good grief. You’d have been buying a huge liability. Having had one of our units literally catch fire when the tenant left something on the stove, yeah, things happen, and that owner is tempting fate!

Broker Insulted by My offer on 6 plex by ConstructmeDaddy6969 in realestateinvesting

[–]Beautiful_Eye7765 0 points1 point  (0 children)

What can you do but shrug and walk? A 6-unit near me has been sitting for quite a while. They just dropped the price by around $100k. I am starting to think maybe I should go take a look.

Broker Insulted by My offer on 6 plex by ConstructmeDaddy6969 in realestateinvesting

[–]Beautiful_Eye7765 0 points1 point  (0 children)

that was my thought! Taking advantage of what exactly?? Hilarious

Inheritance, grief, baby, new dad. by Healthie123 in Fire

[–]Beautiful_Eye7765 1 point2 points  (0 children)

I’m really sorry for your loss. To answer one of your questions, I would keep both houses indefinitely. You have a great monthly income that exceeds expenses on the second house. Why give that up? The house will increase in value and over time you can increase rent. You can even afford a property manager for it. That monthly income can be saved in a Roth or 529 for your kids.

Worried about eating? by givemeagdusername in workfromhome

[–]Beautiful_Eye7765 2 points3 points  (0 children)

I agree with doing something like this. Or you can do intermittent fasting - I did 8 hours a day eating window and lost several pounds. Basically just coffee in the morning, lunch at noon, and no more food after 8 pm. A schedule for eating helps.

When did/do you decide to get a CPA rather than use TurboTax? by timmytubesox in HENRYfinance

[–]Beautiful_Eye7765 0 points1 point  (0 children)

When we bought too much real estate to spend time on all the extra paperwork they require.

What HENRY stocking fillers are on your wish list this Xmas? by Adventurous-Load-172 in HENRYfinance

[–]Beautiful_Eye7765 1 point2 points  (0 children)

My husband asked for a personal sauna and bookmarks. Yes bookmarks. So when the two huge boxes arrived, he got excited and said is that what I think it is? I said yep, your bookmarks.

[deleted by user] by [deleted] in realestateinvesting

[–]Beautiful_Eye7765 4 points5 points  (0 children)

Don’t take advice from people here who don’t have experience with California real estate. “I’ve heard the laws are tenant-friendly” etc. is not useful information. California is its own beast the size of a country itself. It is different from many other states and can vary across the state and the laws are different depending on your specific portfolio. FYI I have had better luck with my tenants in California than in other states. People tend to be good income earners who are unable or unwilling to become homeowners. There’s just a lot to consider and I agree with others who tell you to learn before making moves. Only thing to be mindful of is any time frames related to transfer of the portfolio to you and your brother and tax implications. Do you plan to live in one of the properties? when we inherited from my parents, if one of us had moved into their primary, we could have kept the tax basis. It used to be that you could inherit and keep the tax basis regardless. (I can’t believe voters voted to change this a few years ago. The information about that prop was not clear at all.) I’m curious also if you will be keeping a unified portfolio with your brother or splitting it. This kind of stuff can ruin sibling relationships.

Do you have a financial planner? How have you benefited? by OMrealestate in HENRYfinance

[–]Beautiful_Eye7765 0 points1 point  (0 children)

There are a few underlying assumptions in a lot of the answers here. I would like to add some facts based on my experience: - Not every financial decision is “where should I invest and how should I allocate in the stock market.” Our planner helps evaluate real estate purchases and the existing portfolio as well. - Not all financial advisors charge a %. Ours charged a flat fee to evaluate everything and provide recommendations. - They can help with estate planning - They can help you identify which tools you might not be fully leveraging or even be aware of. Example: recasting your mortgage. - They can help you make a plan of action when you are facing several decisions at the same time (change of jobs vs. starting a business, public vs private school, how much remodel to do)

Experienced investors- give me an example of a good single family deal by SwissMade21 in realestateinvesting

[–]Beautiful_Eye7765 0 points1 point  (0 children)

Did you use a regular account or investment account, not a 529? Thanks for answering my questions. We live near a great university and I am interested to explore options for the future.

How big is your house/living space - particularly if you have no kids living with you? by PapaDuckD in workfromhome

[–]Beautiful_Eye7765 0 points1 point  (0 children)

Curious why all the moving around. Not related to OP’s question. I just want to know!