Favorite team:Notre Dame 
Location:Metairie
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Number of Posts:455
Registered on:3/27/2012
Online Status: Online

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re: Car salesman can SMD - GoIrish02
Any advice on dealing with Ray Brandt Toyota specifically? I've been in contact with their internet sales manager shipping for a new Camry. I know cars sales are down significantly YTD and in last 12 months, in general and the Camry in particular. Paying cash, any advice appreciated....
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re: Car salesman can SMD - GoIrish02
Fightingchance.com is the BEST and only credible online resource on the internet. Every other resource is run/paid/reimbursed by dealers. If you think the "invoice" price on KBB/Edmund's/Consumer reports is real, you're not very good at math or logic. There's only about a 6-8% gap between the fa...
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re: Rent house vs REITs - GoIrish02
There's a whole bunch of wealthy professionals who don't want the responsibility of ownership, prefer the certainty of rent and would prefer to do other things with their time than cut grass. I've only had a few months of vacancy in nearly a decade and no shortage of qualified tenants. Different str...
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re: Rent house vs REITs - GoIrish02
I guess I've been more focused on appreciation than cash flow. I've bought all of them with 10% down, the condo cost $265,000 in 2006, the townhouses were $255,000 in 2007 (and we lived in 1 townhouse from 2007 - 2011). They've appraised for $410,000 and $325,000 each, respectively, this year for th...
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re: Rent house vs REITs - GoIrish02
Also, unlike a lot of people here, I recommend you buy nicer properties because they're more reliable, rent for more money and are easier to resell. People talk about houses they rent for less than $1,500 and I just wonder how people value their own time to make such a small amount of money for the ...
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re: Rent house vs REITs - GoIrish02
Not much when they're occupied. They take about 2-3 days to turnaround in between tenants, to do maintenance that keeps them livable and nice enough to charge premium rent. I have a few trusted vendors and a fairly expensive handyman to complete the turnaround, but I know it will get done right. ...
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re: Rent house vs REITs - GoIrish02
[quote]5)HUGE TAX ADVANTAGES[/quote] Tax advantages are overblown, unless you're a full time real estate professional as defined by the IRC. Your maximum passive loss offset is capped at $25,000 versus your actively earned income, and that benefit will be phased out significantly/completely a...
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Saints Tickets - Single Game Tickets, 3 Seats Together, Section 618 - GoIrish02
Seats are located together in Section 618, Row 22, seats 19, 20, 21. [link=(https://drive.google.com/open?id=0B8ye6FmJBsgQRlBnQThlRjh5djA)]Superdome View - Link[/link] Preseason: 8/26 vs Texans - $25/each, $50/pair or $60 for all 3 8/31 vs Ravens - $12.50/each, $25/pair or $30 for all 3 ...
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re: What are your top ten dividend stocks that you would buy today - GoIrish02
Brown Forman, if it were below $40. They've got stagnant revenue, flat earnings and global currency risk with a strengthening dollar. But at some point they should realize an uptick in the current bourbon boom or get acquired after Constellation's recent attempt. Might sell some puts at no more t...
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re: VGENX - GoIrish02
I own the ETF version VDE, about $15,000 or so and I have been wondering the same lately. Haven't added to it in a while and I don't see it getting back to my cost basis anytime soon, I'm off about 20% since 2010 I believe, ignoring reinvestment of dividends. Edit: Vanguard says I'm only down 2.1...
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re: 3k to invest in stocks...how would you recommend to do it? - GoIrish02
He asked about "tech stocks" but then named 3 semiconductor makers, so I mentioned a semiconductor etf...
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re: Sidney Torres if you're reading this....Please run for Mayor of New Orleans - GoIrish02
[quote]is not a word in the English language for how fricked the city will be.[/quote] I'm sure there is a proper term in Ebonics though, right?...
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re: What would you say the best financial decision you ever made was? - GoIrish02
Rent gives you the flexibility to invest your capital in its most efficient way, without the significant costs and illiquidity of ownership. The ROI, plus the flexibility/ liquidity from renting and investing is more profitable in my opinion and personal experience. Objectively, the return from ...
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re: 3k to invest in stocks...how would you recommend to do it? - GoIrish02
Vanguard Total Stock Market Index. Spend some time on their site so you can learn why picking individual stocks is largely a waste of your time and money, especially if you're asking internet strangers for advice. Repeat (and increase) periodic investments into an index fund strategy every month...
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re: What would you say the best financial decision you ever made was? - GoIrish02
[quote]Sold house for $80k more than purchased after 2 years. Good return for a <$400k house.[/quote] 10% average (gross) annual rate of return seems like a good return to you? Once you acknowledge transaction costs and ownership/maintenance costs, you're below 10%, probably closer to the average...
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re: What would you say the best financial decision you ever made was? - GoIrish02
I own a condo in the warehouse district too, near Julia & Tchoupitoulas, rented long term since 2006. I bought it right after Katrina and got laid off between scheduled closing (8/29/05) and actual closing in March 2006. I've thought about short term use but thought the turnaround costs, variabil...
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re: Anyone Ever Try To Negotiate the Price For a New Vehicle Online? - GoIrish02
I have done the same, got a deal from Fred Haas in Spring, TX on a Sequoia then got a local Metairie dealer to match and saved the day trip. I was a little pissed at the local guys because they were unwilling to move off their "floor" until I showed them the Haas quote, but were all of a sudden able...
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re: Anyone Ever Try To Negotiate the Price For a New Vehicle Online? - GoIrish02
I would let them make their best offers and go from there. You are the customer, you accept their best offer, not the other way around. I always ask for an itemized price, because the dealers all seem to offset any discount they offer from their pocket with the current rebate by not making all...
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re: Anyone Ever Try To Negotiate the Price For a New Vehicle Online? - GoIrish02
Call the internet sales manager to introduce yourself, then give him a timeline for when you'll decide. These guys get hundreds of emails, your call will actually let them know you're real and you'll stand out. Let him know you're reviewing several other models and consulting other dealers and wi...
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