All Forum Posts by: Loren Thomas

I read your post a little more carefully, I understand what you mean better now.

I doubt ALL fan manufactures require their remote be used. I know you can buy some that don't come with a remote at home depot. There's also brand specific "remotes" that are installed as a wall switch (Hampton Bay comes to mind). Heck, they may not even be only brand specific.

As far as the fan lights, get a fan that will accept a light "kit," and use whatever bulbs you see fit.

I don't see why a tenant needs a dimmer, but to each their own.

My point is there a definitely basic fans that fan controls and light kits can be added to and operate independently of the other device. If you use the wall switch you posted, there will likely be issues as it is magnetic and not digital. CFLs and LEDs don't like magnetic and won't work well. I believe fan controllers are on the same path. If you have a digital dimmer in a 2 gang box next to a digital fan control, I don't see where the issue is. (unless the remote is that important?)

Why not change two switches on the wall? Have a switch or dimmer for the light, and have a switch or fan speed control next to it on the wall.

@Robert Bowles 

I am glad I posted this question. I have hope!

Currently my wife and I are in chapter 13 and have been for almost 2 years. Around springtime we will be switching to chapter 7. As I understand the FHA, there is a 2 year waiting period before they will consider the loan. My question is, we technically filed bankruptcy in spring of 14, putting next spring over the 2 year mark, so will that meet their requirements? Or is it from the date we switch to chapter 7 from chapter 13?

There is no bank that will work with recent chapter 7, but I'm all ears if someone knows otherwise. I have considered partners, I planted a couple seeds on that front. I think owner finance is my best bet, I will continue to write letters to high equity owners.

Does no one here own a yacht!?

I very much like the idea of renting house boats. You could even take it a step further and own a marina at a given location and rent out slips to lake goers.

I'm in a situation that won't allow me to get conventional financing for 2.5 years. What would you do to fund deals? I have some ideas, private short term mortgage is the only option that seems feasible, I am still pursuing this so in the meant time I'm trying to come up with other options. I have heard of a 2 year hard money loan, but I don't know what the interest rate would be, likely too much. I am sending letters to 100% equity multis in my area, so far no response.

I recently read Think and Grow Rich and I'm trying to spend a lot of energy thinking the right way to accomplish my goals. Right now I'm trying to transmute me a short term mortgage!

As a side note, can anyone recommend a good book on leadership? I'm in a leadership role at work and I'm interested in doing it better.  

@John Rogers

The generator is great out of the box thinking. I do have a concern though. How are you positive the utility has been disconnected? If you back feed off a generator, it would be possible to blow up the utility's transformer, and knocking out a lot of people's power. A hefty fine I suspect as well. 

The absolute only way I would do this is if the meter has been removed. In my experience they've put rubber socks over the meter leads and put it back in place, which is minimal protection from the situation above.

@Monika Haebich

You mention high demand for managers and owners, how much supply would you say there is in your experience?

If it doesn't cash flow it definitely would go in my liability column. Depending on what the annual cash flow is, I'd have to decide how much money I'm willing to part with to live a dream of mine.

Speaking of dreams, I'm been looking up boat names. So much pun. I'm trying to think of something edgy but no so much as to turn off vacationers. My favorite so far: