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All Forum Posts by: Garrett Dilley

Garrett Dilley has started 5 posts and replied 31 times.

Post: financial planning tool

Garrett Dilley
Pro Member
Posted
  • Monument, CO
  • Posts 31
  • Votes 8
Quote from @Jake DeBoer:

The main difference between free and premium is that premium saves all your data and also provides tax analytics. It's well worth the price in my opinion.

If you have specific product questions their support rocks and I'd recommend their Discord community.

Thank you Jake.  I agree.  Price is reasonable and from this discussion and my 10min on the free version it seems there is value in the app.  

Post: financial planning tool

Garrett Dilley
Pro Member
Posted
  • Monument, CO
  • Posts 31
  • Votes 8
Quote from @Clare Yuritch:

I'm not sure the premium vs the basic version (I only have premium) but for any property, I can itemize the purchase price, current value, tag the associated mortgage, my assumption on appreciation, its rental income, all of its expenses (including taxes, yearly mainteance, capex, insurance, HOA, property management, depreciation and other), its estimated sale timing/and fees. It's pretty detailed. I am able to edit the assumptions on the Plan, by clicking the details of the property under "Real Assets". Not sure if it's the same in the free version - good luck!

Thank you Clare!  That will make all the difference. I will upgrade to premium. Thanks so much!

Post: financial planning tool

Garrett Dilley
Pro Member
Posted
  • Monument, CO
  • Posts 31
  • Votes 8
Quote from @Clare Yuritch:

Yes, I'm using this!  I've tried a number of tools and while none are 'perfect', I feel that ProjectionLab has been the best of what I've seen.  It reasonably allows us to forecast the combination of traditional W2 earnings + a growing real estate portfolio and model out corresponding tax considerations.  I'm a CPA and husband a financial planner so we're pretty focused and knowledgeable on the financial analysis and planning side.  We would recommend!


 Thank you for the post on this.  I have recently found projection lab and figured I would play with it to see what insights it could provide.  I am curious - Is a premium version required to be able to model rental properties?  In the free version it appears, at least by the way I entered them, it seems like it is auto calculating significant expenses for them but I am unsure of the assumptions or the way to edit these?

Post: Best Flooring for Finished Basement

Garrett Dilley
Pro Member
Posted
  • Monument, CO
  • Posts 31
  • Votes 8

@Jeremy H.  Thank you for this advice the distinction of polished vs stained and your comparison of cost and longevity relative to tile!  Very useful info.

Post: Best Flooring for Finished Basement

Garrett Dilley
Pro Member
Posted
  • Monument, CO
  • Posts 31
  • Votes 8
Quote from @Bruce Woodruff:

Moisture will definitely wick through the concrete and get between and under the LVP.

I would go either with tile or polish and/or stain the concrete. Either one will last forever......A well-done stain looks great with a couple of area rugs....

But your bigger problem is getting rid of the water intrusion permanently. It will create moisture and mildew and open you to issues including possible lawsuits....

So my advice is - don't do anything until this is no longer an issue....


 Thank you Bruce.  I  believe the water intrusion situation has been addressed.  There is not a persistent issue under the slab, but very infrequently there can be which has been a grading and neighbor directing water toward the foundation issue.  That has been addressed but I like your advice of don't do anything until it is no longer an issue!  Key advice...

Post: Best Flooring for Finished Basement

Garrett Dilley
Pro Member
Posted
  • Monument, CO
  • Posts 31
  • Votes 8
Quote from @Colleen F.:

@Garrett Dilley  No, you can't really tell if you zip lock it well. Given the unevenness of my floor though I tried to put pieces in the same place.  It is a different kind of product and while you used to be able to get it through home depot, you have to order it from the supplier in MA now, I believe. I do think they will send samples. Basically instead of the flat bottom of a vinyl product you have a rubber waffle underneath and an interlocking zipper type connection. It makes it much thicker. You use a rubber mallet to help it interlock. For us we wanted a few features of the product, I had an uneven floor, I didn't want to rip up the lino, I wanted a little warmer floor, and I knew there could be some water problems. It isn't for everyone though and there may be similar products more local to you. I would look at their website and get samples. Its down about 10 years now and still looks good.


 Thank you for the very helpful context Colleen!  

Post: Best Flooring for Finished Basement

Garrett Dilley
Pro Member
Posted
  • Monument, CO
  • Posts 31
  • Votes 8
Quote from @Colleen F.:

@Garrett Dilley  I have used place and go which is for areas that flood but it is a bit pricey now. Ours was an occasional rain issue in one corner and also a bit of an uneven floor.  It also saved me when the fridge water line leaked because you pick it up, rinse it and put it back down. I think I have picked up parts of the floor 3 or 4 times. I self installed over commercial tile and it is warmed then the section we used ceramic tile on.  Ceramic tile works too. 


 Thank you @Colleen F.  Got it!  So the Place and Go can be picked up in affected areas to aid in drying out, and then put back down.  That is a good solution for my situation.  Thank you for that.  Curious, is there any evidence a section has been picked up and put back down a few times over its life, or does it continue to look like the rest of the areas which have not been picked up ever?  Thank you again for directing me to this product!

Post: Best Flooring for Finished Basement

Garrett Dilley
Pro Member
Posted
  • Monument, CO
  • Posts 31
  • Votes 8
Quote from @Dennis McNeely:
Hi Garrett -
Be sure you've addressed the water or moisture problem in the basement first.
- If there's water below the slab that's wicking into the concrete, the area under your new flooring will become moist, without any water ever showing itself above the new flooring - a breeding ground for mold.
- If there's water below the slab with a bit of head on it (the water level wants to be above the slab), it will begin to push up on the slab, and may cause it to lift and crack. If the problem is severe enough, you'll see evidence of the problem with discoloration of your new flooring or even water ponding on the floor.
Keep in mind that water can also condense on the basement walls adjacent to your new floor. Even though this moisture didn't come up through the floor, it can also provide a place for mold to grow. Make sure to address the condensation problem by insulating the walls or installing a dehumidifier.
Good luck with it!

 Thank you @Dennis McNeely for this guidance!

Post: Best Flooring for Finished Basement

Garrett Dilley
Pro Member
Posted
  • Monument, CO
  • Posts 31
  • Votes 8

I have a question for all of you out there who have had experience with a finished basement that has moisture or has taken in water on occasion:

What flooring solution has been the best?

I have a finished basement in one property which has occasional moisture.  It has taken in water in the past however the root of that issue has hopefully been addressed adequately at this point.  The flooring is ready to be replaced and I have considered having LVP installed but wonder should it be glued or free floating or should LVP be avoided altogether in this instance?  If there was moisture coming through the slab in future or if there was water ingress - Will it trap water between the slab and LVP?  Can it be dried out with a shop vac and dehumidifier?  Has anyone put this to practice and what have your results been?

Are there other options you have chosen in this scenario?  Tile?  Something else? And what have the benefits and drawbacks been to the solutions you have chosen?  

I have also considered having the concrete polished but there are a few spots that have patches and/or  leveler and I am not sure how well it would come out?


Greatly indebted to learn from the experience of others here!  Please share your thoughts/experience!

Best Regards,

Garrett

Post: Denver Electrician Needed

Garrett Dilley
Pro Member
Posted
  • Monument, CO
  • Posts 31
  • Votes 8

Thank you Forrest!