All Forum Posts by: Patrick Hein

my screen is all messed up. Is it the site or the browser? or maybe something else? Everything is text only and the pictures of members are like huge! help

I hear you John. I have a wife and she makes similar demands. I do what I can to keep her happy. I bought her a couple of vehicles and it was a disaster. (minivans) I then looked for vehicles and bought a VW Passat that was previously leased.  Leased cars are usually a bargain, they are used and have low miles. The problem was the hit to my credit. She now is asking for a new house. NOT HAPPENING. I have to pay down the car first.

It is a conundrum, it is a liability but gotta have it. If my credit score was that good I wouldn't even flinch and get her that vehicle AND buy another property. Good Luck buddy.

do some research.  How many miles does she drive? Is leasing a better option?

Buy things that go up in value, borrow things that decrease in value!

Remember when you buy a car, you instantly lose money!

I agree with those who say leverage your savings for another property that will pay the lease or payment of a car loan. Perhaps motivate her to find a hell of a deal on a property and the deal is done baby! Win / win.

It sounds like you are afraid of debt. It used to be a bad word for me too. I now know it is all about the ROI.

But knowing something about that model of car....you definitely need something else.

Consider this. If you are using your money to buy things outright, YOU and only you are at risk.  It is a lot harder to steal something from litigation if it is not yours.  Being incorporated (unless in Nevada) does not protect you completely. If you have capital or assets that you or the company own, the lawyers will eat you alive if they can and take it all.

Nobody wants your debt.

buying a home is an investment. Just make sure it is a good one. And maybe send her here for her education?

I myself like to err on the safe side. You probably should get a respected contractor in there and make recommendations on the cabinets. Sounds like you went the cheap route and there may be a reason those cabinets got discontinued. If one failed, others may soon follow.

As an electrical contractor, NEC allows you to change the two prong outlets to updated outlets if they are protected by a GFCI outlet or breaker. I would take it a step further by making the breaker a GFCI/AFCI combo breaker. AFCIs are huge for insurance. Around here in rural America many tenants will run out of propane and use milk house heaters. Many burn down the house. AFCI breakers will pretty much eliminate that problem. IF nothing else, ask a local electrical contractor.

It sounds like you are a DIY guy? I have been in construction for over 20 years. Best to let a pro do it. The codes can be confusing and change from state to state and city to city. Also if something like this happens, they are covered and they are liable.

As Mike Holmes says, "Do it right".

I am an electrician in the Omaha area. I am a licensed, bonded, insured Electrical Contractor that moved to the Omaha area after the housing melt down. 20 years experience with about half of it in residential. I started my own business in 2008. Started fine then everything dried up by 2010. I became interested in real estate because of all the guru hype. I was in a rural area and had little chance of getting help there. I moved to the Omaha area to increase my chances of succeeding in real estate investing. It was tough going at first and finally found some work some years later. Now that I am working solid and have some money saved up, I am ready to get back to it. I am interested in flipping and rental properties. I found an off market house recently and am kicking myself for not having a good network to go after it. Hope to find some good people on here to work with.