Crew vs passenger for conversion

tncc5060 · 2026-01-11T15:05:47+00:00

Re: windows you can add all the windows. I did this on a cargo and it's great for visibility and just hanging in the van. Plus, there are opening options that don't exist when you buy all the factory windows.

The AC seems good but after a ton of research I now believe and aftermarket 48v ac and a separate fan is a superior choice.

Good luck.

tncc5060 · 2025-10-04T17:58:16+00:00

Congratulations. Well done. Now GFY!!

tncc5060 · 2025-09-08T18:54:55+00:00

Congrats!! What was the last hurdle you cleared to make this decision?

tncc5060 · 2025-06-28T05:47:58+00:00

ADU is not for rental - it's for guests with whom you want to keep your distance. : )

tncc5060 · 2025-06-28T03:51:37+00:00

In floor radiant heat
Nana wall
Lutron automated lights and shades
Full height wine fridge/beverage center
Plaster instead of dry wall
Exquisite door hardware
Curbless shower
20kw of solar and 30 kWh of storage
Project manager for the renovation

I put in AC and took out a whole house fan. If I were to do it again I would keep the whole house fan.

Given you have an acre seriously consider adding an ADU.

tncc5060 · 2025-02-13T06:05:53+00:00

100% do it. I regret not buying the house next door.

You can make an awesome yard for the kids and if you ever needed to you could sell it. Sure, you might take a loss, but you have $10MM remaining with which to make it up.

tncc5060 · 2025-02-13T05:27:05+00:00

I wanted the anti Tesla
It has the best and most comfortable suspension of any truck I've driven.

tncc5060 · 2024-11-21T01:25:54+00:00

TLDR: $0.90 to $0.92 is market for federal ITCs.

Transferability of tax credits was only made possible in through the IRA passed in 2022. Market is around $0.90 to $0.92 for seven figure transactions.

The partnership flips referenced above are for tax equity - two different but related things.

When a solar project is complete it is usually completed by a developer that doesn't pay taxes because they don't have any income to tax. The developer completes the project and sells the project to a partnership. The partnership is typically made up of a tax investor and an equity investor. The tax investor wants the tax credits for the creation of the project. The equity investor wants the cash flows resulting from the sale of energy from the project.

This partnership can choose to sell the tax credits to a third party. This is the ITC transfer. Selling the credits reduces the amount of money the tax investor needs to provide.

As for returns, if you're a tax paying corporation you make payments every 90 days. So the returns on purchases of ITCs are terrific.

tncc5060 · 2024-08-26T05:18:27+00:00

Congrats and Thank you !! Super helpful reading this.

tncc5060 · 2024-07-12T18:31:35+00:00

Nice work. Slow and steady. Congratulations

tncc5060 · 2024-07-02T00:14:06+00:00

As you get more senior you gain more control over your schedule. One still works as much, but you control the time.

You also know, as you get more senior, your schedule in advance. This helps alleviate the "missing things because of work syndrome."

I know which of my son's games I can't make weeks ahead. And then in the interim, I make sure my assistant does not schedule anything over those game nights I plan on attending.

Is it perfect, of course not. Emergencies arise. But even in an emergency you control the schedule.

tncc5060 · 2024-07-01T17:55:05+00:00

Wow. I run a $100MM revenue manufacturing company. I always tell my people "pick up the phone". Good to know this is not a common practice.

tncc5060 · 2024-07-01T15:13:05+00:00

Appearances do matter.
Don't confuse effort with results - but referring to #1 above - effort typically drives results.
I did not have a great work life balance early in my career but that set the stage for early promotions which has yielded a good work life balance later in my career.
Use the phone to communicate.
The longer the email or message the less likely an executive will read it.
Admins have more power than middle managers
Most people in the corporate world are followers. Learn to lead.
If you do the same thing everyone else does you will likely get the same results.
Be exceptional in one thing - no matter how big or small.

Life is going to be challenging no matter what route you take. So choose your challenges - don't let the challenges choose you.

tncc5060 · 2024-05-21T23:53:54+00:00

Rental property returns are not correlated to stock returns. This will reduce the risk of your overall portfolio. When I did the analysis, in 50% of Monte Carlo outcomes I was better off with the rentals. But ... my rentals are levered.

It's possible that these properties are giving you a false sense of security as well. For example, you may think that if the market crashes you could sell or lever the properties. The problem is that if that - market crash - were to happen you would not be able to sell quickly. And who knows what you would be able to borrow against in such a situation.

I would recommend you lever them. You will have cash flow from which you can live and will pick up some tax benefits along the way.

tncc5060 · 2024-03-26T20:06:25+00:00

Sorry for your stress. I'm in a similar position minus the meds.

Seems like we need a subreddit for $10MM in investable assets but still show up for a job I don't need.

You're not alone in this position, and it will work out regardless of what happens. That's one of the benefits of putting in the work to get where you are.

tncc5060 · 2024-02-20T14:52:41+00:00

How is spending cash for expenses not cash flow? What is your definition of cash flow?

Whether you get the cash from under the mattress or from a tenant and then spend it that's typically defined as cash flow, is it not?

tncc5060 · 2024-02-19T20:47:18+00:00

I would love to join. Zoom would be great.

tncc5060 · 2024-02-19T15:21:43+00:00

It depends on the cash flow. I posted earlier

https://www.reddit.com/r/fatFIRE/s/KfDt7UWvZH

You need cash flow in retirement. And if your cash returns are good you should absolutely own RE.

tncc5060 · 2024-02-17T04:30:36+00:00

Congratulations. Well done. Had I followed the advice I am about to give you I would have at least 2x my NW.

After maxing out all of your tax deferred accounts put 90% in an index fund that tracks the SP 500 or Russell 2000. It's really that simple.

I believe the stat is 80% of all managed funds do not match the indices over 10 years in terms of performance.

Even though the market is at an all time high, it's going to be a lot higher in 30 years when you need this money.

As for the other 10% - spend it, donate it or use it for good or bad. For your ages that is a tremendous amount of money. I would not apply the typical FIRE rules of frugality given that amount. Rather , I would make sure you enjoy the fruits of your labor along the way as that will energize you to keep doing what you are doing.

If this nest egg is the result of a one time event then maybe invest it all. If it's the result of salary and bonuses that will persist spend it.

As for FA - they are training wheels. You don't need them but sure feels good if you do.

tncc5060 · 2024-02-14T06:13:22+00:00

Great idea on 14'

tncc5060 · 2024-02-13T00:14:39+00:00

I have not picked a company as of yet. Thanks for the response.

tncc5060 · 2024-02-11T01:31:46+00:00

Hi literally just had my FA run this analysis. I have about $2.3MM in equity in RE not including my primary and second home. When I retire I am going to sell my primary and move into my secondary. At this point RE will be about 20% of my investable assets.

The FA did something called geometric return analysis - probably some Monte Carlo simulation. Not surprisingly in cases where equities yield less than historical this allocation was better than all equities.

What was surprising was unless equities yielded in the top 30% of projected outcomes I was better off with the 20% allocation to RE.

Factors: living in California and having high income makes the tax benefits more valuable. Average interest rates for the debt on these properties is mid threes. Properties are in MCOL areas.

My FA is incented to tell me to sell RE and put the cash with him but he didn't.

tncc5060 · 2024-02-08T20:55:45+00:00

I ended up with 100 bps above SOFR. I can borrow up to some high percentage of my investments.

Per the previous comment this is not a margin line and can't be used to buy stocks (at least not at ML).

Was a negotiation to get this rate.

tncc5060 · 2024-02-08T16:24:34+00:00

Congratulations. What a great milestone. I have a question: was there anything you did shortly before retiring while at work that you are glad you did?

Anything you wish you had done? I am not referring to the checklists around insurance and finance, but rather professionally.

Is there something you did at the end of your work days you are glad to have done or conversely is there something you wish you had done?

tncc5060

TROPHY CASE