All Forum Posts by: Account Closed

@David Song I hate to say but Mexicans drive inflation in my opinion. The more you are paying on average for a taco or a burrito, the more everyone has to make hourly or for their product, to afford the necessary taco. I think more and more, people will be storing more food in their fridge and cooking their own tacos. As we become less reliant on consumerism lifestyle, the dollar will go further. I think we’ll see a nudge based on the expectation in the near term, and I will price in the full 20% on my upcoming turnkey properties based on the squeeze I see coming.

@Ruben Morgan cool thanks

@Jared Lane a real French drain would be installed below the height of the basement slab somewhere next to the footing just outside the basement walls. I’ve done at least 1 by hand and it wasn’t all that bad. No problem with the occupants because it’s all exterior. Honestly, you don’t want to do that kind of digging too much with an excavator anyways, and often there’s some decks you have to get under anyways. After I dug it up, I cleaned the walls, rolled water proofing on the walls, then, adhered 6mil plastic to the wall up to the grade and ran it down to the French drain area. When we backfilled, we also solved the slope issue by making sure the grade slipped away from the house for at least 6’ (12’ recommended). Usually the main problem causing water is the grade sloping toward the house, and lack of gutters that run the water away with the proper downspout. As far as walls in the basement, that stuff could cost you some significant time with all your slab drainage corrections etc. watch out for the lawsuits right now on mold etc. people are burning bridges and going for broke and you don’t want the chaos to take itself out on you for mold. Your best quick solution may be to make the basement off limits and lock it, put a dehumidifier in there (there should already be one) and find where the low spot is, bust a hole in the slab the size of a 5 gallon bucket and drop a good sump pump inside the bucket when you get it in the hole.

@Mike Reynolds I thought it was pretty tough to get a loan just to purchase land, let alone try to get them to consider the H in HELOC as an L. I think you're going to need a LELOC. Not sure, but I don't reckon.

@Ricardo A Perez the seller usually has to make sure taxes are current for previous year(s), then you’ll be required to pay what’s due whenever your county/city requires them. I bought a few flip houses out of state and for some reason thought the county taxes was all I had to pay on the small town. Found myself almost losing the thing when the city finally found a way to tell me I owed them $45 for the last 3 years or my house was getting sold in June! It’s just good to call the city and county and ask them what’s up with your property and when things are due and keep note of it. You might also look for a reassessment if you think they are too high before you get the ball rolling paying the taxes.

@Ruben Morgan are notarized partial lien releases common, or where’d you learn that? I’ve never experienced those, but I stay in my niche. It just sounds like a tense relationship from the beginning if you felt you needed those, but I may be ignorant on how common those are in some areas. I also don’t know your scope of work, so it could be a significant amount of work and $.

@Alvin Uy absolutely, I think this is an underrated subject. I paid $10 for a box of exterior screws yesterday. They used to sell for $7. Also noticed Trader Joe’s raised their organic potato prices by $1. We’ll see if it starts to fab into other categories, but it’s the general expectation that inflation will hit. We’ll probably see a squeeze into RE soon.

@Bernie Neyer how much for a pump like that? I’ve installed a few granite ctops and the hassle is it’s heavy. If you know how to work the seams, they’re fairly easy with a scribe and grind method. The best mainstream place I’ve found for getting granite countertops is (get ready for this everyone): Floor and Decor kills it on ready to install granite countertops. Also, the new trendy sinks offer a thin lip for an easy top mount sink rather than under mount. Thanks for the pix

@Thor Sveinbjoernsson well if your idea of freedom is healthcare, I guess we see things differently. But yeah, there’s a # of issues with the US, but the powers and potential our people have is like no other country. Guns, God, and good weather are things people would move to the US for. Owning a gun keeps gov. In check and gives you the peace to protect your family. God gives us rights, which are reflected in the bill of rights and constitution, and our land is quite useable for farming. The world is moving in a weird direction right now and we rely on movements of people to combat globalism (crazy talk crazy talk). We the people still have a chance to not be globalists (more crazy talk). The constitution is pretty attractive right now, not the current power players.

@Sally Fairchild I’m going to go with the idea that they are appealing to people that want more $ in their pockets, therefore need bigger pockets to hold the $ and they are pretty funny, so you know... it’s kind of shall we say.. cute and funny.