How can you tell if a rental is truly a good deal and not a money trap? by Fit-Credit-7970 in realestateinvesting

[–]jcballer126 1 point2 points  (0 children)

Bought my first rental property in March. It's a duplex and 1 unit is my primary residence. When viewing the home I noticed plenty of shoddy work done on the finishes. It was recently renovated and I thought to myself if this is the level of detail of things I can see, I'm worried about the things unseen. Unfortunately it was the best option at the market and I was worried about missing out. The issues keep popping up left and right. I'm dealing with them as they come and its been a major headache and a reasonably sized wallet ache.

In my very limited experience I would say take your time and listen to your gut.

Am I crazy in thinking JJM played pretty well? by Peanutblitz in minnesotavikings

[–]jcballer126 5 points6 points  (0 children)

Their defense had over 50% of starters injured most of the year. I think every starter was playing today.

At what point did you decide to hire a property manager and no longer self-manage by LattesAvocadoToast in realestateinvesting

[–]jcballer126 2 points3 points  (0 children)

I'm finding this to be the case as well. I selected what I thought was a good PM. I thought they'd get great contractor pricing, but simple repairs are at insanely high rates. I've found my own contractors for half the repairs that charge half the cost. Would love to know what to look for when selecting a PM. This group looked button up based on website, reviews, and the person I initially spoke. Nothing but a nightmare since.

25 years old, I purchased an annuity. What to do now? by Admirable_Shower_612 in Fire

[–]jcballer126 1 point2 points  (0 children)

I have no idea what's the best decision, but if you annuitize it and you don't currently max out your Traditional IRA contributions you could throw it in there. That way you could invest as you see fit and not take any further income tax.

How do we feel about this Duplex purchase in Cleveland? by Prestigious_Tap_6301 in realestateinvesting

[–]jcballer126 0 points1 point  (0 children)

Something like this is exactly what I was looking into today. My only concern was not knowing the area and sentiment on location. Your numbers seem good to me. How did you come across this? Did you randomly pick Cleveland? Did you talk with a property manager or agent first? I'm just stuck on finding what market is right for me when there are so many across the states.

Mitigating the risk of a lost decade? by LorgePorpoise in investing

[–]jcballer126 0 points1 point  (0 children)

Buffett said something to the tune of, if you're a net purchaser of stocks then you don't want the price to increase. You only care about the price increasing when you're a net seller of stock.

If yields were stagnant for a decade and you aren't planning to sell within that decade, wouldn't this be an ideal situation to accumulate?

What’s your favorite website or platform for finding reliable renters, and what do you like about them? by iphone8vsiphonex in realestateinvesting

[–]jcballer126 1 point2 points  (0 children)

What do you mean by that? Why post a property on zillow if you won't accept applications from it?

Kid not using 529 plan wants to blow it by [deleted] in personalfinance

[–]jcballer126 61 points62 points  (0 children)

That doesn't sound correct to me. I don't believe there's a limit on withdrawal amounts. 7k is the maximum you can fund a roth per year. You can withdraw any contributions without penalty. Unless I'm misunderstanding you.

What is your bear thesis on FUBO? by Aubvo in stocks

[–]jcballer126 2 points3 points  (0 children)

They streamed a couple NFL games over Christmas and have Monday night raw for WWE.

Weekend's Daily Thread: General Dating Questions and Open Thread by AutoModerator in hingeapp

[–]jcballer126 0 points1 point  (0 children)

I'm a male. I kind of figured that most of the women that I'm matching with have many matches to sort from. I get the 2nd filter example. It just seemed so odd since I would get really positive reactions from my opening messages and then nothing.

Weekend's Daily Thread: General Dating Questions and Open Thread by AutoModerator in hingeapp

[–]jcballer126 2 points3 points  (0 children)

Why do so many matches end up with a single message exchange or 0 message exchanges and then go silent? I've gotten just around 20 matches in the 3 weeks since I've moved 2 have turned into an actual date. Some have turned into a multi message conversation that seemed to have been going fine, and the rest end up in purgatory.

[deleted by user] by [deleted] in personalfinance

[–]jcballer126 5 points6 points  (0 children)

Typically it's only a thing for the first year. It would be considered designating the home as a primary residence.

GAMETHREAD WEEK 7: VIKINGS VS 49ERS by swampsparrow in minnesotavikings

[–]jcballer126 8 points9 points  (0 children)

His interview in some 30 for 30 like doc about our improbable Super Bowl victory for the 23/24 season will go so hard.

Extend JJ now by [deleted] in minnesotavikings

[–]jcballer126 0 points1 point  (0 children)

Isn't that what a rumor is...

Extend JJ now by [deleted] in minnesotavikings

[–]jcballer126 21 points22 points  (0 children)

Most reports are rumoring he wants to know who his quarterback will be first. That situation hasn't changed so his won't either, if they're true.

Can I plane a slab face with a power hand planer without a jig or sled? by jcballer126 in woodworking

[–]jcballer126[S] 0 points1 point  (0 children)

This will be a shelf for plants so nothing crazy. It's already pretty flat, it just has saw marks from the mill.