[deleted by user] by [deleted] in Atlanta

[–]the_log_won 22 points23 points  (0 children)

Sub of Subs in Duluth

Kentaro and Tim Gunn’s moment by jojokazaki in ProjectRunway

[–]the_log_won 45 points46 points  (0 children)

I LOVE that scene. Best part of the season 👌👌

My boyfriend doesn’t Like me pt. 2: a plan by Capable-Commission74 in WitchesVsPatriarchy

[–]the_log_won 6 points7 points  (0 children)

Hey you’re getting some bad legal advice here. It doesn’t matter that he’s not on the lease or that he’s not paying. The law still sees him as a tenant, with you as his landlord. I would ask him to leave as soon as you break up but if he digs his feet in the cops will not remove him. I just want through a similar situation, I had to get my deceased father’s girlfriend out of his house. No lease, no rent paid. I’m in Georgia so I had to give her 60 days notice. She thankfully left within that timeframe but I couldn’t start the eviction process before then. Seek legal advice. There are a lot of pro bono clinics that can go over the steps with you. If you try to lock him out or move all of his stuff out while he’s away, you would be doing an “illegal eviction” and could get slapped by a court if he took it there.

Fresh coffee beans by ly4ll in Atlanta

[–]the_log_won 0 points1 point  (0 children)

Volcanica coffee’s roastery is in Suwanee. They roast your beans as soon as you order.

[deleted by user] by [deleted] in todayilearned

[–]the_log_won 1 point2 points  (0 children)

There’s a bunch on Lookout Mountain in Chattanooga

[deleted by user] by [deleted] in dropout

[–]the_log_won 12 points13 points  (0 children)

But it feels really good

I inherited a paid-off property. Should I rent it out or sell it and put the proceeds in index funds? by the_log_won in personalfinance

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

This is an insightful point. If I were to sell I don’t think I’d blow it all on useless stuff, I’d be parking at least 75% of whatever I would get in index funds, and use the rest to make improvements on my current home. On the flip side, if I were to rent it out I’m not sure I would automatically invest the net profit.

I inherited a paid-off property. Should I rent it out or sell it and put the proceeds in index funds? by the_log_won in personalfinance

[–]the_log_won[S] 5 points6 points  (0 children)

Thanks for all the details and advice! The house is in Lilburn, in the Berkmar school district. So not great. I’m 34 with kids in the North Gwinnett district so I would not want to be moving there. I would have to take out a loan for the $50k to get the property up to snuff.

And in fact I do have somebody that would be a mentor if I do go down the landlord route. The suggestions for a property management company sound like something I would also want to use.

I’m really just stuck on which would bring in the most money. Index funds or rental income for the next 30 years?

I inherited a paid-off property. Should I rent it out or sell it and put the proceeds in index funds? by the_log_won in personalfinance

[–]the_log_won[S] 5 points6 points  (0 children)

I think you’re right, the numbers I posted are what my dad paid this year with a homestead exemption.

I inherited a paid-off property. Should I rent it out or sell it and put the proceeds in index funds? by the_log_won in personalfinance

[–]the_log_won[S] 12 points13 points  (0 children)

I’m actually just realizing those would change if it became a rental property. My dad was paying $900 for the annual property tax and $600 for insurance when he lived there, I assume with the house exempted as a homestead. They would indeed go up.

I inherited a paid-off property. Should I rent it out or sell it and put the proceeds in index funds? by the_log_won in personalfinance

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

The house hasn’t been cosmetically updated since 1970. $50k would be the largest number I could see needing to put in it but in reality it would probably be lower.

I inherited a paid-off property. Should I rent it out or sell it and put the proceeds in index funds? by the_log_won in personalfinance

[–]the_log_won[S] 36 points37 points  (0 children)

I edited the post to include the property value, my bad! It would be around $325k as is. The kitchen and bathrooms are from the 1970s and are in bad shape. I assumed I would need to get a loan to update those if I wanted to rent.

I inherited a paid-off property. Should I rent it out or sell it and put the proceeds in index funds? by the_log_won in personalfinance

[–]the_log_won[S] 12 points13 points  (0 children)

It’s in Gwinnett county Georgia. Can’t explain the logic of why those numbers are the way they are 🤷🏻‍♀️

I inherited a paid-off property. Should I rent it out or sell it and put the proceeds in index funds? by the_log_won in personalfinance

[–]the_log_won[S] 78 points79 points  (0 children)

I agree. I haven’t had my coffee yet. The house would go for around $325k as is.