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All Forum Posts by: Aaron Taylor

Aaron Taylor has started 3 posts and replied 148 times.

Post: Anyone moving their investments to Bitcoin?

Aaron TaylorPosted
  • Olathe, KS
  • Posts 148
  • Votes 207

Let me say right off the bat, that I’m not 100% sold on bitcoin. Pretty skeptical honestly. However, I also realize when there is a chance for a very high asymmetrical return.

There are major issues in our financial systems around the world that are going to need to be sorted out in the next 10 to 20 years.

Is bitcoin the answer? Probably not. But not having a small investment in it would also be dumb, in case I’m wrong, because it could go to a million dollars a coin in the best case scenario. So worst case it goes to zero, best case is a 50x gain.

It’s kind of like gold, it’s a hedge against the dollar. Does anyone think that the US will start being responsible with their budget? I don’t, hence why I want a hedge. I would not put that much into it though, because it would only take a small investment to make a huge gain in the scenario it actually does get used.

Post: Lowering Utility Costs

Aaron TaylorPosted
  • Olathe, KS
  • Posts 148
  • Votes 207

Low flow shower heads and faucets

Not low flow toilets as they often cause other issues

Led lighting

Shop around trash vendors

If you pay gas, the on demand stuff water heating will save you money over tanks

Blankets around hot water heaters if you pay gas

A lot of little things will add up to big savings.

Originally posted by @James Hamling:
Originally posted by @Aaron Taylor:

@Gary L Wallman @James Hamling What kind of vinyl plank do you two recommend?  I've used the lifeproof stuff from Home Depot but find that it scratches pretty easy and really only goes together once...if you have to take it apart for damage or water, it doesn't reassemble very well.  Thanks

I have been testing and utilizing LVP since it first came on market (yeah I know, I'm old) and for a million bucks i couldn't possibly recall all the brands, types and styles over the years, and with that I am not brand specific as LVP is still a rapidly developing product constantly coming out with something better and better. I have learned a few material rules that I stick with; 

- Must be waterproof. It used to be special but not anymore, eliminate water potential and eliminate need to take it back up. 

- ONLY solid vinyl product, no overlay on wood or paper pulp or other BS. 

- Must have a glue down and floating option in the line. This is an observation i found that when it's a decent mil material built well, there is always a glue down or floating option and most of the junk types are just 1. No science behind this, just an observation I noticed. 

- Must have wear guarantee. You mentioned it scuffing, that should not be possible, ever. When I check out a new material I havn't worked with before I open a box, right there in the store, pull out a plank, and drag the butt end of my knife across it, I go for it, I shouldn't be able to do a thing to the panel. (should be noted I spend a ridiculous amount at the HD every year and am known by 1st name basis so I may have some extra liberties, beware results may vary). 

I have also learned to never listen to what my flooring contractors say, there is way to much pushing of one brand vs another. I do listen to my contacts at pro desk but I have known and been working with them 10 odd years or so. I suggest finding some good contact at the lumber yard that you can trust, won't bs and has depth of experience, they can share what's worked and hasn't with others. 

That said I am confused by your experience with the lifeproof brand, I was urged to try some out a while ago and I gave it a thorough testing which it came out excellent, I had none of the experiences your saying. The line I used had a diamond coating that had 0% chance of scuffing, and came with lifetime warranty for any failure at all, including it was waterproof. Maybe you were doing some discounted type? See, that's the risk of being cheap, it ends up costing a whole lot more in the long run, not worth it for the $1 or $2 sqft "saved". There is a reason it's not called Real Estate CHEAPING, and is called INVESTING. Thats how I approach material selection, best smartest INVESTMENT. 

 I was using the most expensive lifeproof stuff HD has, the waterproof and lifetime warranty and all that jazz.  If you read the reviews on HD's own website, you'll see experiences similar to mine.  Laying it once is great.  Moving anything like appliances across it is dangerous as it will scratch.  And when you take it apart and reassemble, all the little tabs fall apart.  That's why I was asking about other brands, I like the product but wasn't a fan of the durability with moving objects or reassembly...I've reassembled engineered wood floors and they were much more sturdy in that aspect, and normally I don't have problems with scratching wood floors when moving appliances.

Now if you never had to reassemble it or move anything heavy over it, a normal person's review would be a 10.  I'd give it like a 7 due to the cost and durability.

@Gary L Wallman @James Hamling What kind of vinyl plank do you two recommend?  I've used the lifeproof stuff from Home Depot but find that it scratches pretty easy and really only goes together once...if you have to take it apart for damage or water, it doesn't reassemble very well.  Thanks

Post: Best flooring for rentals

Aaron TaylorPosted
  • Olathe, KS
  • Posts 148
  • Votes 207
Originally posted by @Ryan Wiles:

Definitely use glue down LVP. Not floating. If you use floating and have any complications in the middle of the floor going back to repair that is very difficult. With glue down you just use a heat gun heat up the glue and put a new piece of flooring down. My second bit of advice would be make sure that you choose a product that's been around. Companies like lumber liquidator are constantly discontinuing their lines. We exclusively use Shaw Sumter for our units.

After reading this whole thread, what you mentioned is exactly why I'm hesitant to put it LVP everywhere.  I had a situation similar to what you mentioned (water issues under LVP) and had to remove the entire floor and relay it.  With carpet that's a super easy job, tile I wouldn't have had to do anything, glue down LVP probably would have been fine too, but floating LVP the LVP literally just floated on the water, lol.  

Also, if you ever need access underneath the floor, same situation.

4 to 7 years on carpet seems rather low too unless you're putting in dirt cheap carpet or changing renters constantly.  I have carpet in my own house that's 18 years old and it's fine.  Obviously college rentals would trash carpet faster than most probably.

I like carpet bedrooms, tile/lvp bathrooms, carpet/lvp for living rooms, lvp/tile for kitchens.  Hardwood is great too if you have it, I'd take that over all the other options, costs more though.  If you're putting flooring on a slab, and there's a possibility that you might have to get under that slab for some reason (plumbing usually) then flooring with an option that's easy to move will be a lifesaver down the line possibly.

I'm going to be honest here, I'm not sure if buying a real estate house or syndication is really the best deal right now.  Houses are on fire in most of the country, and syndications are chasing property that hasn't been fully repriced yet.  Reits on the other hand have taken a complete beating.  There are public Reits that were previously private syndications that are priced well below their private price.  Completely unloved sector right now.  Now some of those probably deserve their lower valuations but there are some that definitely don't, just a matter of finding the right basket of ones to invest it.

I'm all over the map.  Things from the past 10 years:

Pinball machine restoring/playing

building websites

iRacing

restoring 72 corvette

built home theater from scratch, 120" screen

restored super chexx bubble hockey

making udemy classes

built a home basketball gym

made a youtube channel

lots of video games, currently playing a lot of League of Legends

lot of coaching youth sports (soccer, basketball, baseball, and football)

3d printing

learned guitar till I had wrist surgery

All over the map of randomness.  I'm always reading and trying to learn something new.

Post: BEST AND FASTEST WAY FOR A NEWBIE TO GET TO $10K/MONTH

Aaron TaylorPosted
  • Olathe, KS
  • Posts 148
  • Votes 207

With all honesty, with those amounts of cash and wanting to make $10k a month they'd be better off trying to buy a business instead.  That will be way faster than real estate.  Riskier, probably, but you can buy businesses with a 2x to 4x multiple meaning that without even a loan a business for $100k might make you $25k to $50k a year.

If it has to be real estate, they're going to have to do what those guys that maximum rent do, which is rent by the room or air bnb it.  More work and more risk, but it would get them to their goal faster.  Find a 6 or 7 bedroom house that would normally rent for $1500 and rent it out by the room for $500 a room.  Find a few houses like that and that would get you close to your goal.

Post: Why has David Greene moved on from BRRRRing?

Aaron TaylorPosted
  • Olathe, KS
  • Posts 148
  • Votes 207

BRRRR is great for when you're starting out and don't have much money. With someone like David's net worth and income, I would assume that doing smaller houses just isn't worth the time/effort anymore. Basically, if you make a million a year in income, what good does an additional $250 a month do? He'd have to go after much larger scale things to make it worth his while. Law of larger numbers. His time would be much better spent making even more being a realtor.

LVP would be better if there was a way to repair a single piece without having to completely disassemble the floor.  Because of that, I wouldn't recommend it in a bathroom or any place where water may get underneath it.  I like it in smaller sections, not where it joins between all rooms in one big piece...having had to disassemble and reassemble a Lifeproof floor over 8 hours is not fun, when the same issue with carpet would have taken 30 minutes.

I personally like tile in the bathrooms, carpet in the bedrooms (or hardwood), and then LVP in the kitchen.  Living room can be LVP or carpet or hardwood.  Even if tile lasts 75 years, it's going to be out of style in 10 to 15 years anyways.  If the tenant destroys the carpet, that's what the security deposit is for.