Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: David Arney

David Arney has started 12 posts and replied 88 times.

Post: Ethanol

David ArneyPosted
  • Raleigh, NC
  • Posts 91
  • Votes 0

Being from the Midwest and from a long generation of family farmers, and currently own a 2000 acres farm in the Midwest, I think I that the the use of ethanol is not a big problem

In regards to the energy yield from corn, it is lower than some other crops, such as sugar beets and sugar cane, but the percentage of land in the USA that can grow corn vs. the percentage of land suitable for growing sugar is vastly different. The motive behind ethanol is not solely as a cleaner energy source, it is also designed to ween us off of foreign energy supply. If we were to switch to sugar crop as our main ethanol grower, then we would just become dependent upon another country to provide us our 'oil'. We can grow all the corn we want here in the country.

In regards to the economy behind it, demand for corn for ethanol has brought about quite a drastic change in the farmers' economy. Families currently have flourished because of the higher yields from corn production via new technologies, as well as the higher prices that are a result of the increased demand. Many families, including my own, have gone for decades barely scraping by on what we can, many years taking losses because of poor growth and low prices. This past year was one of the best years for corn and soybeans in recent memory to anybody, and it has allowed lots of farms to pay off debts owed to banks on their lands. It's really helped the small economy in the area. Corn futures markets are looking good through December of 2009, so expect that market to do well for a while. It has beaten the current recession this nation is in, if you want to call it that.

In regards to area used to grow corn, the Midwest farming market is NOT running at full capacity. There are still tens of thousands of acres that don't grow anything on their land. Just drive around and you will see that there is much room to grow. My parents back yard is an acre, and its just grass. It could easily be converted to produce crops. If we needed to step up output, we certainly can

In regards to corn farming being hard on soil, this is an irrelevant argument. Anyone who has any experience with corn knows this and also knows how to solve the problem. It's called Ammonium Nitrate. In addition to being from a farming family, I am also working on a PhD in chemistry, so I know a little something about the science behind this, and it is one of the most inexpensive chemicals produced today and costs very little to purchase.

If you don't want to buy fertilizer, you don't have to. Land for corn growth will produce corn for about 2 years. In the second year, you will see slightly lower yield as some of the ground nutrients have been used up. To counter removal of the nutrients, farmers do what is known as crop rotation. After 2 years, corn land is converted to soybean land, which is a legume type crop that can replace nutrients back into the grown, allowing them it to be used for corn growing in another season. This is basic farming 101 and offsets the need for so much fertilizer to be grown.

I certainly don't believe that other crop alternatives like switchgrass should be ruled out, but that shouldn't be a reason to scrap everything altogether because some people want to use corn. "Corn Businesses" are my father and grandfather, not some nameless conglomerate. They work very hard to support our family. I think it would be wise to take a second look at the advantages that this has brought to EVERYONE.

10% ethanol blend in gas has improved gas mileage in our vehicles. It does burn cleaner than longer chained carbons because of reduced cracking. In the state of Missouri, all grades of gasoline are required to have 10% ethanol in them, in all gas stations, and Iowa I believe has done or is going to do the same. Avoid those states if you do not want ethanol blend gas.

Pure ethanol as a fuel will require a different engine, and I am not a mechanic, but I haven't noticed any negative side effects as a result of a 10% ethanol blend gas in my car engines.

Post: Dryer Fire

David ArneyPosted
  • Raleigh, NC
  • Posts 91
  • Votes 0

that's the whole reason why they have lint catchers in dryers, because such problems have happened in the past.

Make sure you properly maintain the dryer by regularly emptying the lint catch. This also helps speed up drying time a bit too.

I have no clue of the law if a tenant is at fault over a fire caused by not cleaning out the lint catch. It could be portrayed as negligence on their part, probably.

Post: Newbie in N.C.

David ArneyPosted
  • Raleigh, NC
  • Posts 91
  • Votes 0

Welcome Travis, I'm from Raleigh, glad to have you aboard!

Post: Luxury homes investor new to forum

David ArneyPosted
  • Raleigh, NC
  • Posts 91
  • Votes 0

Welcome,

I'm over in Raleigh, glad to have you aboard!

Post: Wood From Building Hit my new car

David ArneyPosted
  • Raleigh, NC
  • Posts 91
  • Votes 0

i had something similar happen to my vehicle with a tree on the property. A branch broke off during a storm and landed on my car. The tree was dead and should have been removed anyways. Fortunately, it was a small dent and there was no paint damage, so I just popped it out for a few bucks, but I wondered the same thing, if my landlord was responsible for any damages like that.

Post: Flip That House Disclaimer

David ArneyPosted
  • Raleigh, NC
  • Posts 91
  • Votes 0

Armando is such a huge tool, I would never buy from that guy ever.

I do admit he's a keen businessman though. Ruthless

Post: Getting my feet wet?

David ArneyPosted
  • Raleigh, NC
  • Posts 91
  • Votes 0

yeah, i'm starting to see it too. I sat down with a couple buds last night and we went over what I was looking for and weighed the options, and it just looks like I don't think I'm ready to own a home yet, at least something in the range of what I would like to live in. Time to go back to the drawing board, lol. And I just can't get stuck in a situation where I'm dependant on having a roommate to afford to live in my own house. That's just flat out irresponsible.

Tim, those small properties I don't believe would be something I'd want to live in myself, but you make a good point about researching more and looking for positive cashflow in a rental. Perhaps I can take a second look at what I can really afford and make a smart go at it.

I've got time, and I understand that patience is key to making a smart decision. When I jump into something, I want to be confident I'm making the right move. I'll be keeping my options open!

Post: Capitol Gains?

David ArneyPosted
  • Raleigh, NC
  • Posts 91
  • Votes 0

I didn't know about capital gains setting a new basis upon one's death.

What you have to account for, though, is that there is a death tax that currently has a $2,000,000 exemption. If your estate owns more than that amount, you are required to pay a 45% tax, which possibly could cost more than paying the capital gains to being with. Good thing you will be dead and it's not a big deal.

I know very little of all this, though. I really wish i knew more

so does this mean I should offer 25% lower than the listed price when I buy my 1st home? :D

heck yea!

Post: Landlord Horror Stories

David ArneyPosted
  • Raleigh, NC
  • Posts 91
  • Votes 0

I am probably a landlord's dream-tenant. I am extremely clean, don't break ANYTHING. I always call with updates to my landlord, let him know what's going on. Never have been late, and very OCD when it comes to keeping the house in order. There is a hot tub here that I keep in great condition. I fix things on my own, never made him pay any labor, only for items purchased. My roommates can be messy, and I pretty much have learned over the past few years that being a landlord is something that I probably can't handle. Anybody who keeps their home in a worse condition than I do I'd consider a bad tenant. I'd never have good tenants, so forget it.

horrible stories, btw.