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u/Megawashu

r/Michigan_Politics r/smallbusiness r/personalfinance r/shedditors
Created a general image for anyone to use and share. Aiming to encourage fellow Michiganders to vote.
▲ 14 r/Michigan_Politics

Created a general image for anyone to use and share. Aiming to encourage fellow Michiganders to vote.

Created this image to help inform people about absentee voting (mail in voting). I have a small audience of friends and family. I figure that fellow Michiganders on Reddit may be interested in sharing such images to their friends and family.

u/Megawashu — 5 days ago
▲ 7 r/shedditors

Puddling water entering shed. How try handle this?

Had a concrete slab poured 2 months ago. Shed built on top of it a few weeks ago.

New slab extended the old concrete patio. Old patio slanted for rain runoff. Now that runoff meets the new slab and puddles.

Edge of shed sits in puddle and water is entering the shed (and I think rubbing across it, puddling or exiting the other side).

Questions:

  1. Is this an issue for the treated wood that sits in the puddle?
  2. Is this an issue with the water entering the shed?
  3. Is this an issue to raise with the concrete company?
  4. Is this an issue to raise with the shed company?
  5. Can I carve a channel between the slabs to lead the water into the grass?
u/Megawashu — 14 days ago
▲ 1 r/smallbusiness

Pay cash or finance a $15k business repair to keep my cash invested?

EDIT: I have decided to pay cash and forgo any headache or possible future regret

Situation

  • $15,000 repair needed on a rental property
  • I have $15,000 cash and can either:
    • Option A: pay cash
    • Option B: invest the $15k in the market and take a loan to pay the repair

Strategy

  • Invest the $15k, take the loan, and sell stock each month to cover that month's loan payment.

Thoughts

  • Pros: SPY (the most conservative between SPY/QQQ/SPMO) has returned approx 15% per year (total return, dividends reinvested) over the trailing 10 years
  • Cons: recent shift in financial globalization and ongoing Iran war

My parameters

  • Marginal income tax ~23% (when selling stocks short term)

Loan offers

SoFi Personal Loan — unsecured, fixed, fully amortizing, no prepayment penalty. Loan = $15,000.

Term APR Monthly
2 yr 6.19% $652.78
5 yr 10.17% $300.78
7 yr 12.56% $253.14

Better HELOAN — secured by home, fixed, no prepayment penalty. Loan = $20,000, $850 closing costs (deducted from proceeds).

Term APR Monthly
10 yr 8.37% ~$244
15 yr 8.375% ~$195
30 yr 8.10% ~$140

Questions

  1. Pay cash, or finance and keep the cash invested?
  2. If financing, which loan and term?
  3. Does the math justify the risk for a repair this size?
reddit.com
u/Megawashu — 2 months ago
▲ 0 r/personalfinance

Pay cash or finance a $15k rental repair to keep my cash invested?

Situation

  • $15,000 repair needed on a rental property
  • I have $15,000 cash and can either:
    • Option A: pay cash
    • Option B: invest the $15k in the market and take a loan to pay the repair

Strategy

  • Invest the $15k, take the loan, and sell stock each month to cover that month's loan payment.

Thoughts

  • Pros: SPY (the most conservative between SPY/QQQ/SPMO) has returned approx 15% per year (total return, dividends reinvested) over the trailing 10 years
  • Cons: recent shift in financial globalization and ongoing Iran war

My parameters

  • Marginal income tax ~23% (when selling stocks short term)

Loan offers

SoFi Personal Loan — unsecured, fixed, fully amortizing, no prepayment penalty. Loan = $15,000.

Term APR Monthly
2 yr 6.19% $652.78
5 yr 10.17% $300.78
7 yr 12.56% $253.14

Better HELOAN — secured by home, fixed, no prepayment penalty. Loan = $20,000, $850 closing costs (deducted from proceeds).

Term APR Monthly
10 yr 8.37% ~$244
15 yr 8.375% ~$195
30 yr 8.10% ~$140

Questions

  1. Pay cash, or finance and keep the cash invested?
  2. If financing, which loan and term?
  3. Does the math justify the risk for a repair this size?
reddit.com
u/Megawashu — 2 months ago