All Forum Posts by: Nick Brimmerq

Hello everyone! 

I am searching for the best books on personal finance management, monthly budgeting and planning your big financial goals down to how much money you spend every week. Can anyone think of good books?

I see a lot of "Get out of debt" books, and a lot of longterm investment books, but not a lot of books that can take a life goal and walk you down to the weekly budget. I'm looking for something very tactical and practical. 

Please note that I am NOT looking for books on RE strategies, general financial freedom strategies, sophisticated investment strategies, or wealth building strategies. 

@Mindy Jensen, any recommendations? I've seriously thought about "Stacked: Your Serious Guide to Money Management"

Thanks in advance everyone!

- Nick

Hello!

I am curious how you all seem to calculate a mortgage payment on the spot. This seems crucial when you are in the middle of a negotiation on purchase price, possibly trying to push the price lower or knowing when to walk when the price to CoCROI gets too high. 

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The equation I seem to think of is this

((<Purchase Price> * .01) / 2) + (<PurchasePrice> * .002)

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So an example of this would be:

($280,000 * .01) / 2 + ($280,000 * .002)

$2,800 / 2 = $1,400 + 280 = $1,680

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I seem to be within $5 of every mortgage I am considering. Yes, I know this does not include utilities or HOA or anything else.

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And yes, if you guess, I'm a software engineer at a tech company, so I love algorithms to calculate things. :) 

Thanks.

- Nick

Hello!

I'm currently on a serious hunt for my first rental property. I am very concerned with the idea that the "landlord pays to utilities". This seems like a crazy expense. There is high demand for rental spaces in my area due to it being a college town, so I am less worried about tenants being scared away for me charging them. 

What ideas do you all have about separating and sub-metering tenants' utilities? Especially on multi-unit or even up-down duplexes?

Are there any posts here that I haven't seen in my search? Please post them in the thread below!

Thank you in advance!

- Nick