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All Forum Posts by: Jeremiah Dunakin

Jeremiah Dunakin has started 7 posts and replied 163 times.

Quote from @Brandon Caynor:

LVP is nice. That is what I normally put down. If you are installing yourself do yourself a favor and get the planks that are wider and longer compared to others. You'll be able to put it down a lot faster than several rows of thinner boards. I've used a few different brands but the LifeProof ones seem to work well and click much easier than some of the others ones I've used from Lowes even though it costs a little more. For color don't overthink it. Go for a light or dark brown. Gray was in, but now it's out. I don't think any natural wood color you can go wrong with. 

Agreed the life proof snaps together so much easier and has a sound dampening material and pad built in. We tried some from menards. It was trash the flooring would not snap together. We had to return it

Another perk of vinyl is the ease to put it in. My 14 year old daughter and my self put it in our rental and she did 95% of work. You can save money on labor big time by doing it your self. 

I’m spending the money on a toilet lid. 
1. if she wants to have an attitude and throws toys in herself “just to show you” then you got plumbing issues and a disgruntled tenant over 20/30$ 

2. I would expect if I rented a home from someone that  there is a lid on the toilet. I think that is kinda just being a good person. Without trying to sound harsh I feel like this is one of the reasons we have to jump through hoops with code and other things, because people don’t do the right thing unless they are made. 

Since you ask from a biblical perspective. Do not lose sleep over this. When these were spoken times were different. 
1. pretty sure we talking about sin and not actual money.

2. In  the event it is money . New Testament Christians were outcast,rejects, and matyrs. In that time women were not allowed many of the rights they have today. People who converted to Christianity a lot of times were not allowed to share family inheritance or even trade with locals. They were extremely ostracized and persecuted.They were beyond malnutritioned. That said there was absolutely none,zero,nada social programs. You starved you died end of story.In America our poor a lot of times are borderline obese. People are so well off as “poor” they sell their food stamps, section 8 while spending 300$ a month on hair and nails. Todays Americans poor are close.

3. No doubt in mind that New Testament Christian’s would biblically would agree with that. This is not a case of ‘grace’ this is abuse.Do not lose sleep. 

I don’t think the Bible is speaking of money necessarily there. I could be wrong but I believe it is more of a sin issue.

It all matters how much you plan to use them. I started out woodworking. I bought ryobi as that’s what I could afford. I used the mess out of ryobi and had no regrets with it and would recommend them. That said as my batteries started to die I have switched over to the Milwaukee platform as they had more options at the time. Milwaukee is what I use now including thier Packout system. I have remodeled three houses with it and do all my my own maintenance. Tools are a hobby for me as well.can’t go wrong with ryobi but if you got a bit more money Milwaukee is fantastic as well. If you don’t plan on doing repeated remodels get ryobi or baurer. If you plan on doing extensive work get Milwaukee 

I was faced with same scenario but in Michigan ina 100k 2 bed 1 bath. The humidity got so bad in the house the floors would get wet and puddle up. I lived in unit for a couple months. It was miserable. We had a couple window units that took care of the pooling water but it was still hot.  We had an ac installed for 5800. HAVENt ran it yet but I’m glad we put it in. I don’t want tenant to mess up windows with window units

I’m not very experienced. I just got my first rental on the market after 11 months. That said what kept me out was fear. 
1.Getting sued 

2. Not getting perfect deal/analysis paralysis 

3. Actually finding a renter 

4. Stuff breaking 

Post: What happened to the 2% rule

Jeremiah DunakinPosted
  • Posts 173
  • Votes 182

I’m new to real estate. But is the 2% rule basically you need to rent property for 2% of value of property. So a 100000 house should rent for 2000$/month. If so sign me up. I’m getting 1000$/month in rent on a 100k house and might be a bit low. But no one in my area could afford to pay 2k on an average 2 bed 1 bath house. I make pretty good money on my 9-5 with unlimited overtime and I couldn’t/want to swing that. Maybe I’m confused on what actually the 2% rule is