All Forum Posts by: Jeff S.

@Greg Scott $2493 was my water bill for the entire year.

Old Portland duplex with single water line. Have owned many years and always wanted to add a second line but the cost.

Would you EVER consider spending $17,800 to save $2493 per year in water cost?  We do know that water will keep going up. The payback is around 7 years.

Yes I know about submetering and all but trying to keep track of all that lots of work.

@Angel Dejesus you can have a home equity line of credit (HELOC) on your home or you can also have a line of credit against a rental property. Unsecured lines of credit are usually smaller but can be large considering the size of your business. Credit card lines really aren't useful because the interest rate is super high if not paid off within a month.

@Wesley I. and yours was a total remodel of both bathrooms? She is having 2 bathrooms done. There has been enough uproar in the family that she will not sign on the dotted line. Sales lady calling high pressure. 

She needs a custom cut so Home Depot does this but it is called Rebath. This has the elements that the Koehler lady was talking about. Koehler at HD is an insert.

@Chris Seveney apparently these are the best money can buy. I was not at the presentation so this is second hand information but both women say the sales rep said this. The enclosures are 3 piece that are cut on the property to ensure a proper fit and so on and so forth. They are taking out a tub in one bath.

Elderly woman in her 80's needs to remodel her 2 bathrooms. A representative from Kohler came out and gave a bid of 38k for new showers which does not include any other work like new flooring, vanity and toilet etc. The rep said only Kohler can install their products and they do nothing else which means she is on her own to find another contractor to finish the remodel. She likes the product and wants top of the line but not really good at negotiating with another contractor. Trying to stay at arms length (close to relative type deal) but want to watch over an elderly person. Any thought?

@Tiffany Makiya 300k for a renovation is a lot of money. That is the part to focus on. Is it a good idea to borrow against your home and overpay for the work because you have the cash? I'd say no. Secondly can you afford a huge payment? Lenders are more conservative these days which is a good thing.

@Cole Barthel it doesn't really sound right that someone would put such a large down and then let it go. Must be more to this story. Seems phony somehow.

1.If you would not buy it then you should sell it.

2.Stay 70% leveraged, leverage is always good.

3.If you owe the bank a little money and can't pay you have a problem. If you owe the bank a lot of money and can't pay the bank has a problem.

4.You can't time the market.

5.Properties always appreciate.

6.Syndications are the way to go if you are a tired landlord.

7.Financial independence in 3 years by age 25.

8.It cash flows x dollars per month.

9. The 4 hour work week.

10. It is all about mind set.