Jesse
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Posts posted by Jesse
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I've seen slow racking as well. I'll make sure to hammer down. lol
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Got a new PSI 12 Guage Pump. I have not shot it yet but there was a good deal on it online so i grabed one.
Has anyone shot this gun or have owned one? The purpose is just for home defense. Thanks.
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I just have a p95 with 16 rounds of 9mm hollow points. and another 15 round mag with normal ammo. I hope to never use any rounds ever.
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Another update. Ive hit 1600 miles on my bike and have now lost 45 pounds since March.
I can start to see my ribs! Im the lowest weight ive been as an adult. Now that i have the upper hand im gonna take it to the next level. Im aiming for 17% body fat by April on next year.-
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Please dont, traffic is bad enough.
J/k keep in mind to have a nice vaction youll have to visit another state. Most of us head to Florida. -
His son will take over but you pob wont notice a change right away. I wonder how Munchak feels knowing the guy who wanted him as the coach is no longer here?. I bet he shakes things up to try and have a 8-8 season. Munch wont be safe with a losing record and no Bud..
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Fill it in. Bust up concrete around it and throw that in there to.
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Never knew anyone with cancer as a kid and teen. Cancer took my mom, my grandpa,my brother in law the last 4 years. Now ive learned my co workers child has cancer.
It does seem to be happening more. I rahter see them work on a cancer prevention. Than a cure. -
Damnit, i gotta work Saturday. This shutdown is not helping me out.
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I wish my work would slow down enough to get out of working every weekend. Tired of working 6 days a week. I got things to do.
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Dude has tea issues. Nobody is that thirsty.
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Only cop show I watch is Cops. And they rarely use their guns.
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Is the tree dying? Or just the wind.
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If everyone was nice like me. Nobody would ever be murdered. But we cant all be cool like me. :)
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Vols cant beat ranked teams.
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Just another crime for the record books.
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Sports talk radio. Betta than music!
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Its going to rain Sunday.
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When we were kids we couldnt afford washers or dryers. Every weekend we would load up the clothes and spend a few hours at the laundry mat. Thats the place to go in a pinch.
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Good news is he should be back vs Jeff Fisher and the Rams. Will be rusty though.
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Flagged or not. It wont make him heal faster. I just hope Fitz can handle it till Thanksgiving.
Titans have 3 hard games in a row. Not good.-
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Walking Dead back next month! WoooHoooo
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We had three rental houses, but just sold one (to my son and his new bride), and they have been very successful for us. I buy foreclosures and serious fixer-uppers. My strategy is to buy them at a very inexpensive cost and fix them up to a top notch property. I've found that if you have a really nice house, you can charge a better rent, get a better renter and rarely get calls about something being broken.
We do credit checks on potential renters, and my wife has a Spidey sense about people, so she is always included in the interview process. Plus we do not take HUD, or allow anybody to be creative in paying the security deposit or rent, i.e. "I'll pay the security deposit next month". Come with everything or don't come at all. And we advertise them as no pets. If we like the renter and have a good feeling about them and the pet, we'll allow a small animal, but they have to pay a $200 non refundable fee up front.
We took out a HELOC on our residence to use for purchasing the rentals. We use the HELOC for the 20% down payment and the repairs during the initial remodel. We buy the house with an interest only loan. While we are remodeling, the mortgage and HELOC payment is about $100 a month, so not a big deal to cover. Once the remodel is done and we are ready to rent, I have a ton of equity in the house, since I bought it cheap, and did all the remodel myself. With so much equity, I can refinance the whole house, pay off the Interest only loan and the HELOC. The mortgage on both of the houses we currently have are about $300 a month (including tax and insurance) and we make an average of $700 a month on both properties.
I take all the profits and am paying down the mortgages. I never pocket any of the money, but I will put a little bit aside for repairs. I'm taking the profit from both houses and paying down the mortgage on one of the houses. I ran the numbers and discovered that by doing it that way, I could have one house totally paid for in just a couple of years, without a single dollar coming out of my pocket. Then I'll focus on the other house and pay it off in a few more years.
I started off by putting all the rentals on a month to month lease. I figured that if I got a tenant that was going to walk out on me, there wasn't much I could do and it would just end up costing me money for a lawyer if I wanted to try and get what owed to me. I also read that on a monthly lease, it make evictions easy, since you just cancel the lease and kick them out. Now I am leaning more toward having them sign a year lease that converts to a monthly. Most folks will easily live in a house for a year, and then it makes it easy if they want to move on after that. I figure if they can easily get out of the lease, they will do it and respect my property in the process. Beside, I have no problems renting my houses, so I'll find someone, and probably raise the rent in the process.
I have heard of landlords who build rent increases into the lease, 15% a year for example. I haven't tried that yet. I figure that I would rather have a good tenant and keep the rent the same, than to be greedy and get more money. But that's just me. Maybe I'm too easy going.
My goal is to have about 4 or 5 rentals, totally paid for, by the time I retire. I figure rents will be close to $1000 a month by then. An extra $4-5k a month will nicely supplement my retirement savings. By then, I'll probably turn them over to a management company do I don't have to deal with anything.
When I buy my next one, I think I'll start an LLC and move the properties into that. It will help protect me if I do get a crazy tenant. I also got a checking and savings account that I use strictly for the rentals. It makes it easy to do the accounting. I also bought Quicken Property rental Manager software, which is pretty good at keeping track of everything.
I have a lease that I got from someone who had their lawyer write it up. I took it and used it as a starting point and found some others online to write my own. I'll gladly email it to you if you PM me your email address.
Thanks for the on hands insight! I like hearing from people who are actually doing it and what problems they have learned. I'm hearing good and bad. I think the success depends on how people do it from the start. My wife likes to take it slow and use cash. She's against loans when it comes to risks. She rather lose 10 years of her own savings than to owe a bank.
I myself would rather buy into a franchise like the Dollar Store or Mosquito Joe ( up and coming pest control service).
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Thanks guys, I have a buddy that is doing the same thing, he already bought his first house a year ago. Said he had 15 people wanting to rent it before he had it ready to move in. But he also got bad renters. They were dating and split up while renting, the guy left and the girl didnt want to leave. She was a bit of an issue but finally left. My buddy was smart to take pictures inside the house before she left In case she tried to mess it up. It didnt take him long to rent it again. We arent doing it to get rich. I actually would rather that be my job than the crap I do now for someone else. And maybe down the road we could live better and hand the business down to our kid/s. Its just scary to dive into something new on that scale.
Another new toy I just got in
in Show and Tell
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Have to say I'm jealous. I love the wood and shine on that rifle. Is the end made from chrome?