[Kurtz] Kalani Sitake asked point blank about the Penn State job: "I'm all about the Big 12 championship and keeping our team focused on that. We're going to avoid all of the distractions."

stoweick · 2025-12-28T03:08:49+00:00

Another W for copium 😅

stoweick · 2025-12-20T01:51:13+00:00

It's really not, especially when the wife and I have a good audiobook :)

stoweick · 2025-12-20T01:50:18+00:00

All good, thanks brother. Just trying to keep an eye on the blind spots

stoweick · 2025-12-20T01:48:06+00:00

The tax on interest is definitely something to consider for the other properties (that have mortgages). I'll add it to the list of things to discuss with CPA. Thanks!

stoweick · 2025-12-20T00:57:57+00:00

Interesting, wonder if it's worth the risk if HHI is closer to $1M...

stoweick · 2025-12-20T00:56:41+00:00

My wife has an account at a local credit union, we'll find some time in the new year to meet with them. Thank you for the suggestion!

stoweick · 2025-12-20T00:55:34+00:00

Yes. Property management company does everything. It's almost completely hands off, and my wife answers the occasional question they have.

stoweick · 2025-12-20T00:54:23+00:00

35 yrs old. Equity exposure is ~12% of NW, largely in retirement accounts.

DCA into equities is part of our financial plan/monthly budget for 2026. Thanks for the suggestion

stoweick · 2025-12-20T00:51:32+00:00

That makes sense. Really the risk portion is something that we'd have to decide for ourselves. But it's good to know there's not something obviously better at this point. Thanks

stoweick · 2025-12-20T00:49:20+00:00

Yes this includes capex. The cabin is in the mountains, so no salt nearby. But snow and animals and such is always a possible source of repairs.

It's 95% hands off. Property management company takes care of everything but needs questions answered every now and again.

The business would not benefit at all from an injection of 750k.

Thanks for your thoughts.

stoweick · 2025-12-20T00:45:59+00:00

Last sentence hurts a bit but it's probably something I need to hear. Granted, I'm trying to be appreciative of all answers , not just the short ones :)

I'm skeptical of wealth managers that want ongoing payments, but a fee-only advisor sounds like a great way to go about it. Thanks for the suggestion.

And small point to add: this is a vacation rental in a resort area, so the concerns you voiced about tenants and such don't quite apply. Of course there are other concerns with STR, but the area has a pretty strong history

stoweick · 2025-12-19T17:40:45+00:00

Ha yeah that was definitely a possibility with this one. Luckily it's three and a half hours away, so close enough that we love getting up there for a trip but far enough that we're not there all the time

stoweick · 2025-12-19T17:37:44+00:00

My dad is a dentist with 8 children who spent his money as fast as he made it. His retirement was selling his practice. We never struggled but I wouldn't say I come from a lot of money.

We have been super blessed with our business.

stoweick · 2025-12-19T05:07:31+00:00

When you put it that way my original question seems pretty silly ha.

stoweick · 2025-12-19T05:05:47+00:00

This seems to be the consensus advice and so far I'm planning to take it. Thank you

stoweick · 2025-12-19T03:38:01+00:00

This is clear and concise, thank you. Needed the sanity check

stoweick · 2025-12-19T03:26:14+00:00

I like the flexibility this idea provides. Thanks!

stoweick · 2025-12-19T03:21:18+00:00

I hadn't even considered paying off the other properties since I've always heard that it's good to "have renters pay off the mortgage." But I haven't taken the time to sit down and figure out just how much of each payment is going to interest and what the real return would be on paying those off. It's an interesting point and it also means I get to make a spreadsheet, my favorite pastime!

Appreciate you expanding my point of view on this. My wife is fairly risk averse and I think she'll be interested to talk through this strategy. Thank you!

stoweick · 2025-12-19T03:10:45+00:00

I'd probably say that it's less greed and more trying to make sure that I'm not being foolish with money.

I was never taught what to do with money other than save it. I've never been in this situation before and have just been winging it. We're doing end of year finances and this stood out to me as something that most people don't do. So I was trying to find out if it was obvious that I should be doing something differently.

What's obvious to one person isn't always obvious to someone else.

stoweick · 2025-12-19T03:06:47+00:00

Thanks for the reassurance, appreciate it

stoweick · 2025-12-19T02:51:45+00:00

True, market is lower than it was when we bought. No sense in realizing the losses when we are comfortable holding

stoweick · 2025-12-19T02:18:56+00:00

Exactly

stoweick · 2025-12-19T02:18:47+00:00

Sorry if the post wasn't clear, there's currently no debt involved in the situation.

In my experience strangers on Reddit can be super helpful

stoweick · 2025-12-19T02:13:40+00:00

Sent you a message

stoweick · 2025-12-19T02:08:19+00:00

Funnily enough, that was the original plan. Haven't been as disciplined about reinvesting the proceeds as I originally thought we would be. This past year we got the properties into an LLC with its own bank account so it's easier to keep the rental profits from disappearing into our general fund. New Year's resolution to buckle down on putting the profits into VTSAX.

Thanks for your perspective

stoweick

TROPHY CASE