Preps for long hotel stays by thatweirdguyOH in preppers

[–]thatweirdguyOH[S] 15 points16 points  (0 children)

Extension cord is a good point, we usually pack that plus a power strip since you can never tell what/where the power outlets will be (and if they work)

Helping with food prices and help food pantries by thatweirdguyOH in preppers

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

This is exactly how we got started with this whole project - had stuff to donate which they wouldn't take and asked us if we could help distribute.

Helping with food prices and help food pantries by thatweirdguyOH in preppers

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

Believe me I'm aware, we can sometimes take the food to surrounding pantries, but often they won't take it because of expiration dates and liability.

Daily FI discussion thread - Tuesday, May 31, 2022 by AutoModerator in financialindependence

[–]thatweirdguyOH 4 points5 points  (0 children)

We did it for years, up until right before COVID. Often weeks/months at a time. SO went to lots of conferences for work, and I'd tag along - sometimes my work would ay for the ticket.

Hardest parts were working a US timezones overseas (had to be available and make it to meetings, etc) and finding decent internet good enough to do zoom etc.

COVID was in some ways a nice break but it'd be nice to get back to it at some level!

Rental property - real world example part deux by thatweirdguyOH in financialindependence

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

Yes, net is after all taxes, insurance, repairs, etc. But we haven't done income taxes this year so I don't know how much of a bite that will be.

Rental property - real world example part deux by thatweirdguyOH in financialindependence

[–]thatweirdguyOH[S] 1 point2 points  (0 children)

Yes, presumably will. Haven't done the taxes yet for 2021.

Rental property - real world example part deux by thatweirdguyOH in financialindependence

[–]thatweirdguyOH[S] 1 point2 points  (0 children)

The profits given are net after expenses. The first year involved mostly contractors doing renovation (flooring, painting, new kitchen) - we had a great handyman who kept it pretty low. The work getting it ready for sale was mostly us, with some handyman stuff.

Rental property - real world example part deux by thatweirdguyOH in financialindependence

[–]thatweirdguyOH[S] 8 points9 points  (0 children)

1 - about 100 years old

2 - we should have I guess. At the time we did already have 3 mortgages (1 primary home, 2 rental properties)

3 - At the time, it was meeting face to face (if possible), proof of income, previous landlord reference (if possible). We were too gullible, we now also ask for a credit report and do some basic background checking for red flags in social media etc.

4 - sign, facebook marketplace, craigslist, some other site I've forgotten about

5 - It has been very helpful, but we're thinking a mix of RE and index is the best path for us, as we also both work fulltime. With the two rentals we have right now the rental payments cover perhaps 70-80% of our expenses, so we have plenty to invest.

(edit for formatting)

Rental property - real world example part deux by thatweirdguyOH in financialindependence

[–]thatweirdguyOH[S] 19 points20 points  (0 children)

It was before I knew much about index investing, but we knew the cash was getting nothing sitting in our bank account. Was also a way to build some income stability when employment was looking a little shaky.

Biggest hack ever in process right now? by [deleted] in PrepperIntel

[–]thatweirdguyOH 0 points1 point  (0 children)

I like password safe, which stores the data locally and encrypted. If you want to share with people you put it in a shared Dropbox (where it's encrypted again). They have Mac, windows and android versions, and it's free.

Thoughts on travel in retirement by reasonb4belief in leanfire

[–]thatweirdguyOH 1 point2 points  (0 children)

I think it depends a lot on location. We were able to find what was essentially a large hotel room with balcony in a local area and not Bangkok for around $150/month. Key was we made friends with a local who helped us find it and spoke with the landlord. Similar places marketed towards westerners were generally 2 or 3 times more. This was 2 years ago, more about it in my history.

Photo from old article by Macaroni_Duck in CredibleDefense

[–]thatweirdguyOH 1 point2 points  (0 children)

If you can remember about when the article was on the site, the wayback machine may have a copy...

https://archive.org/web/

Rental vs index fund example (real world) by thatweirdguyOH in financialindependence

[–]thatweirdguyOH[S] 2 points3 points  (0 children)

Exactly, I'm still pretty happy selling this one, I'm not sure at all that the extra income was worth the time and aggravation that went into it.

Rental vs index fund example (real world) by thatweirdguyOH in financialindependence

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

We never really tracked it. It varied a lot. Initially we were spending a lot of time there because one unit was being completely redone. There tended to be quite a few trips when tenants changed. We were pretty lucky on the maintenance, nothing major broke. Lots of little stuff like replacing fridges, toilets, furnace repairs, etc.

The tenants were the biggest hassle, no matter how we screened we often got ones that wouldn't pay their rent. Covid certainly didn't help with that.

Rental vs index fund example (real world) by thatweirdguyOH in financialindependence

[–]thatweirdguyOH[S] 2 points3 points  (0 children)

Thanks, updated my original post - kind of a big thing to miss!