What Are You Buying Right Now? (non-OT version)

alaskanassasin

bradleya123 said:

Visited Louisville this last weekend, had a great time. Played Persimmon Ridge, spent Sunday at Keeneland (won a little cash), Buffalo Trace on Monday. Got some Eagle Rare 10yr and also picked up a couple of bags of Barrel Char. Anybody ever use it? Just wondering how to use and the effects on the meat?

Drop them in your shine.

Ozzie_Isaac

shtgunal3

Ozzie_Isaac said:

How many pallets did you buy?

Ozzie_Isaac

shtgunal3 said:

Ozzie_Isaac said:

How many pallets did you buy?

Was planning 3, but put an offer on a house today instead, so my fun money evaporated. 😢

kl8ton

Ozzie_Isaac said:

shtgunal3 said:

Ozzie_Isaac said:

How many pallets did you buy?

Was planning 3, but put an offer on a house today instead, so my fun money evaporated. 😢

Investment or looking to move?

Ozzie_Isaac

kl8ton said:

Ozzie_Isaac said:

shtgunal3 said:

Ozzie_Isaac said:

How many pallets did you buy?

Was planning 3, but put an offer on a house today instead, so my fun money evaporated. 😢

Investment or looking to move?

Investment.  We have told ourselves for years that we need more passive income, finally decided to make the jump and see how it shakes out.  We have passed up a few great opportunities in the past few years, Don want to kick ourselves again.

kl8ton

SFH or a multiplex?

kl8ton

kl8ton said:

SFH or a multiplex?

@Ozzie_Isaac

Ozzie_Isaac

kl8ton said:

kl8ton said:

SFH or a multiplex?

@Ozzie_Isaac

Single Family, would love a multiplex, or honestly storage buildings, but SFR is good starting point.  Should be positive cash flow of $500/month even with these higher rates.

I am sure I am missing some details, but it seems to pencil out okay.

Gulfcoastguy

Here is one thing that I never got through to my Dad. Put in the lease that you will enter the house at certain intervals to spray for insects and to do maintenance ( change the filters mainly) on the HVAC system. Both of those items, or rather the lack of them, caused very expensive problems on one of his properties. Plus you know that they will clean house at least that many times per year. Then decide who will cut grass. Pets are up to you but I would recommend a pretty stiff pet deposit especially for cats.

Botch

Ozzie_Isaac said:

kl8ton said:

kl8ton said:

SFH or a multiplex?

@Ozzie_Isaac

Single Family, would love a multiplex, or honestly storage buildings, but SFR is good starting point.  Should be positive cash flow of $500/month even with these higher rates.

I am sure I am missing some details, but it seems to pencil out okay.

When I moved to Albuquerque, the Capt I was replacing at DNS was moving to Germany, but his wife wanted to keep their house, and rent it out.  He offered me a Property Manager position, $50/mo (1987 dollars), all I had to do was collect rent for him and take care of any "little repairs" that were needed.  This was in the Top Four Biggest Mistakes of my lifetime.  
The first renters were there for a few months or so, skipped out on the last two rent payments (I wasn't responsible) and disappeared.  I got into the house after they left, and threw up a couple times; OMG how can people live like that?!?  I had to take 3 vacation days, plus a weekend to try to get it ready to show to new renters.  Be very careful of their "references", usually a family member or close friend who did not rent to them.  Don't accept a "40-lb pristine chunk of turquoise" as deposit from a self-employed jewelry maker.  Etc.  
Finally got a decent renter, but then Murphy's Law/BotchLuck™ kicked in: the evening before any 3-day weekend, either Thurs or Fri night, every damn one, I'd get a phone call from the renter: "the water heater's out", "the swamp cooler isn't working", "the sprinkler system got a leak and there's a geyser in the front yard when I got home from work", etc (these are all actual incidents).  
That Capt returned to a new assignment in Albu. right before I PCS'd, and took over, what a relief.  I've had two bosses over the years who really got into buying properties and renting, and they both got pretty wealthy doing it.  But, it requires a certain Intestinal Fortitude that I now know I don't have (reading the stories from other renters/campground owners on this forum reinforces that).  
Good luck, Ozzie; knowing what I know, I'm sure you'll do okay!  

Corv

A modest tip.... Put several hundred dollars a month into an escrow account for long-term things like the hot water heater, new roof, new driveway, carpet, etc. You'll be glad you did. In Colorado, the HOA fees seem to average between $300 and $400 a month for the condos, just for exterior maintenance, current and long-term. That's for a condo with shared walls, not a SFR. The interiors are not part of that because that's the owner's responsibility, but that can add another $100-$200.

And there will be times when the place sits unrented for a while. October through February, here at least, are terrible times to find a new renter.

Ozzie_Isaac

Thank you all for your advice.  I’m trying to sort through all details. It’s a big jump and a bit intimidating.  The house we are buying will need a full interior refresh and need to sort through some other issues.  Hopefully it works out, but a bit scared at the moment of what we are biting off.

Love the idea of “monthly” maintenance like air filters in the contract, allowing me access at least once a month, plus I know AC will be maintained.

Also plan to put all proceeds into an account for this house, hopefully allowing that to go towards future opportunities, and be able to cover unexpected expenses or issues with this house.

Internet is pretty interesting on their rules of thumb.  I would love to find a property that had profit of 10% of purchase price per year!  I can understand 10% of money you have invested, because you will also have appreciation, plus associated tax benefits,

All the second guessing is starting!

DoubleEgger

I had a friend who owned six rentals. He lost two to fires. In one of the rentals, a girlfriend piled up all of her cheating boyfriend’s clothes in the living room and torched the place. 

He also found it ridiculously hard and costly to get rid of non-payers. 

fishlessman

Ozzie_Isaac said:

Thank you all for your advice.  I’m trying to sort through all details. It’s a big jump and a bit intimidating.  The house we are buying will need a full interior refresh and need to sort through some other issues.  Hopefully it works out, but a bit scared at the moment of what we are biting off.

Love the idea of “monthly” maintenance like air filters in the contract, allowing me access at least once a month, plus I know AC will be maintained.

Also plan to put all proceeds into an account for this house, hopefully allowing that to go towards future opportunities, and be able to cover unexpected expenses or issues with this house.

Internet is pretty interesting on their rules of thumb.  I would love to find a property that had profit of 10% of purchase price per year!  I can understand 10% of money you have invested, because you will also have appreciation, plus associated tax benefits,

All the second guessing is starting!

Make your next property a waterfront

Corv

A friend alerted me to this at a nearby Home Depot last night. It was on clearance for $29.

CTMike

Purchased 8 Staub 0.275 qt mini-cocottes in various colors. Our Thanksgiving menu includes individual Pumpkin Sticky Toffee Puddings instead of pumpkin pie. 

Gulfcoastguy

Purchased a lot of hand thrown ceramic mugs this past weekend at the art festival. Christmas purchasing about a third done.

CTMike

My uncle is a ceramic artist of some renown in the Portland, Or region. Every year his local group of artists fire soup bowls and sell them for $50 each with the proceeds going to a local battered persons shelter. 

He built an anagama style wood fired kiln based around the skeleton of a whale that died on a nearby beach. The kiln is massive and is fired 24/7 for about a week, then it cools for a couple weeks before opening and removing their work. 

Anyhow, I purchased 4 more bowls from him. 

The second photo is my uncle inside the kiln after a firing checking out the results. 

More his work can be seen here, some pretty wild stuff:

https://riverseagallery.com/artist/richard-rowland

alaskanassasin

Crypto…

billt01

alaskanassasin said:

Crypto…

Some of us never stopped 😎

selling crypto

fishlessman

CTMike said:

My uncle is a ceramic artist of some renown in the Portland, Or region. Every year his local group of artists fire soup bowls and sell them for $50 each with the proceeds going to a local battered persons shelter. 

He built an anagama style wood fired kiln based around the skeleton of a whale that died on a nearby beach. The kiln is massive and is fired 24/7 for about a week, then it cools for a couple weeks before opening and removing their work. 

Anyhow, I purchased 4 more bowls from him. 

The second photo is my uncle inside the kiln after a firing checking out the results. 

More his work can be seen here, some pretty wild stuff:

https://riverseagallery.com/artist/richard-rowland

really cool

Ozzie_Isaac

CTMike said:

My uncle is a ceramic artist of some renown in the Portland, Or region. Every year his local group of artists fire soup bowls and sell them for $50 each with the proceeds going to a local battered persons shelter. 

He built an anagama style wood fired kiln based around the skeleton of a whale that died on a nearby beach. The kiln is massive and is fired 24/7 for about a week, then it cools for a couple weeks before opening and removing their work. 

Anyhow, I purchased 4 more bowls from him. 

The second photo is my uncle inside the kiln after a firing checking out the results. 

More his work can be seen here, some pretty wild stuff:

https://riverseagallery.com/artist/richard-rowland

Wow!  That is very cool!  Pottery is pretty impressive too!

CTMike

Ozzie_Isaac said:

CTMike said:

My uncle is a ceramic artist of some renown in the Portland, Or region. Every year his local group of artists fire soup bowls and sell them for $50 each with the proceeds going to a local battered persons shelter. 

He built an anagama style wood fired kiln based around the skeleton of a whale that died on a nearby beach. The kiln is massive and is fired 24/7 for about a week, then it cools for a couple weeks before opening and removing their work. 

Anyhow, I purchased 4 more bowls from him. 

The second photo is my uncle inside the kiln after a firing checking out the results. 

More his work can be seen here, some pretty wild stuff:

https://riverseagallery.com/artist/richard-rowland

Wow!  That is very cool!  Pottery is pretty impressive too!

As one would expect of an artist in the Portland region, he is quite eccentric. If you zoom in on this photo you can see the blue tooth he made and had his dentist implant:

Ozzie_Isaac

CTMike said:

Ozzie_Isaac said:

CTMike said:

My uncle is a ceramic artist of some renown in the Portland, Or region. Every year his local group of artists fire soup bowls and sell them for $50 each with the proceeds going to a local battered persons shelter. 

He built an anagama style wood fired kiln based around the skeleton of a whale that died on a nearby beach. The kiln is massive and is fired 24/7 for about a week, then it cools for a couple weeks before opening and removing their work. 

Anyhow, I purchased 4 more bowls from him. 

The second photo is my uncle inside the kiln after a firing checking out the results. 

More his work can be seen here, some pretty wild stuff:

https://riverseagallery.com/artist/richard-rowland

Wow!  That is very cool!  Pottery is pretty impressive too!

As one would expect of an artist in the Portland region, he is quite eccentric. If you zoom in on this photo you can see the blue tooth he made and had his dentist implant:

He looks extremely happy!  Awesome to see someone passionate about what they do!

Ozzie_Isaac

Corv

Really good cookbook and surprisingly readable. Congratulations!

Incidentally, if you like that style of writing, and also like knots, consider "The Ashley Book of Knots," good descriptions of several thousand different knots.

Ozzie_Isaac

Corv said:

Really good cookbook and surprisingly readable. Congratulations!

Incidentally, if you like that style of writing, and also like knots, consider "The Ashley Book of Knots," good descriptions of several thousand different knots.

My grandpa had that book.  I used to page through it as a kid.  I have a fascination with knots.

kl8ton

thank you @Ozzie_Isaac. 

10 cup unit inbound

johnmitchell

SWARM SWARM!!!!!!! 

Harris Teeter Greensboro NC. 
They are actually thighs 

Thanks DJT 😉😂