All Forum Posts by: Paul Vail
Paul Vail has started 6 posts and replied 189 times.
Post: Wholesaler expected us to pay for attorney fees after backing out
- The Triangle, NC
- Posts 189
- Votes 117
Quote from @Oliver Pham:
Long Story short, they keep on changing the closing costs to the point that we were about $1,000 short. Now we decided not to close and they agreed to return the EMD. On the release form though, the EMD we only are getting back would be $3,000. Every time I asked for clarification they throw out buzz words to me. Any thoughts?
Post: Is it impossible to get a Heloc/refi with no W-2
- The Triangle, NC
- Posts 189
- Votes 117
Quote from @Tyler Fisher:
Thanks Paul Vail, does a Heloc have to be from the same company your mortgage is through or can i go to a local bank for a Heloc?
Post: Is it impossible to get a Heloc/refi with no W-2
- The Triangle, NC
- Posts 189
- Votes 117
Post: So my father just retired at 55 and recently got 100k
- The Triangle, NC
- Posts 189
- Votes 117
@Chris Breezy - one other item we didn't touch on is healthcare. Assuming he is in the US, does he have a HDHP? And if so, does he make annual contributions to an HSA for himself or family as allowed? If so, is this into a savings or investing type of account. Maxing out that contribution annually, and investing wisely, is a valuable wealth retention/building tool. Granted, it will consume a small fraction of the windfall amount, but this tool should be on many folks' radar.
Post: Best Mobile Banking Today.
- The Triangle, NC
- Posts 189
- Votes 117
For general banking needs (checking/savings/CDs, or tying checking/savings to purchase services such as moving money to/from investing, etc.), most credit unions have an app, as do most commercial banks like Ally.com.
Similarly, investing tools from Vanguard, Fundrise, Ally, eTrade and others all have apps that can be linked to the traditional banking accounts suggested above. If you have HSA investments from a HDHP, Old National Bank is one of several offering apps.
Sharing money? Some folks like using Venmo (owned by Paypal), although I've found their customer service lacking. Apple Cash allows sending and receiving directly, as well as Google Pay and Cash App.
I have friends who use Zelle (owned by a big seven collection of commercial banks). I have also heard stories about the lack of consumer protections of Venmo and Zelle -- like reversing transactions, etc.
Can you outline your needs a bit so the forums can see what you really want to do?
Post: Racist Tenants - how to address or ending lease an option?
- The Triangle, NC
- Posts 189
- Votes 117
Quote from @Carlos M.:
@Alicia Marks my reply was based on the original post. Re read the original post and you will see why I said evict both. “They BOTH make racist comments”.
I interpreted it that the two racists were roomies, perhaps husband/wife, fussing about the latinos.
Post: What would you do in my situation?
- The Triangle, NC
- Posts 189
- Votes 117
Love that you want to keep $30-40k in reserve. Laddered I-bonds or CDs out of curiosity? Anyway, with 50k to play, if you have paid down your VA loans, you might be able to go for a multifamily. From the podcasts, we learned the value of them -- multiple doors so when not rented, it's usually only a fraction of the units out of play any given time. Then again, you already 'know' the SFR game. Fort Bragg/Liberty isn't going to be growing smaller any time soon - I'd think it all depends on which category comes along as a 'deal' first.
Post: Walking Shirtless in the Hallway
- The Triangle, NC
- Posts 189
- Votes 117
Quote from @Jonathan R McLaughlin:
@Victor Avelino actually disagree with most of the reasoning here. I wouldn’t get involved either, but I would consider this a detriment to getting and keeping better tenants. At the very least the guy is an inconsiderate neighbor and at worst a creep who makes women feel unsafe.
So I wouldn’t get involved but it would make me less likely to renew him.
Post: Walking Shirtless in the Hallway
- The Triangle, NC
- Posts 189
- Votes 117
Quote from @Scott Mac:
Quote from @Steve K.:
In Colorado it's even legal for women to go topless in public. One of the many great things about our state. I'd let the (easily) offended tenants know that it's not against the law or any of your policies and that there's nothing you can do about it even if you wanted to. Odd complaint.
Hi Steve,
It's legal, but do they really walk around in public like that (???)
I've been to Denver and surrounds, and everyone I've seen was fully clothed (seen some very large Elk there too).
It's not like you guys have beeches up there in the mountains.
Is it prevalent in Boulder (???)
In Texas that would probably get a lady a ride to the local Hoosegow pretty quickl
On the flip side, we have some pretend-conservative busybodies here in NC that bust a fit over breastfeeding in public. It's legal, it's none of the complainer's business, doesn't seem to stop them from being jerks or worried that little johnny might see a mammary. Little johnny is their learing hubby more often than not...
Gotta wonder about a 'culture' that worships violence and lives in fear of a breast.
Post: Walking Shirtless in the Hallway
- The Triangle, NC
- Posts 189
- Votes 117
Quote from @Jonathan R McLaughlin:
@Victor Avelino actually disagree with most of the reasoning here. I wouldn’t get involved either, but I would consider this a detriment to getting and keeping better tenants. At the very least the guy is an inconsiderate neighbor and at worst a creep who makes women feel unsafe.
So I wouldn’t get involved but it would make me less likely to renew him.
We don't know the gender of the complainer. Could be insecure boyfriends fussing :) Seriously, this kind of tenant-on-tenant mud wrestling never turns out well for the PM or owner. Not your cat in their fight. They have to settle their own dress code differences if it doesn't break the law or the terms of the lease. Is shirtless boy an otherwise good tenant?
Gah -- Scott beat me to it. Fast fingers, there!