All Forum Posts by: Don Hines

You don't buy insurance to borrow money from. You buy insurance to leave an estate plain and simple. So, why would you want a product that cost quadruple that term would cost? Who puts that money in the wholelife policy? You do. Why do you want to borrow money from yourself and pay any intrest on it?
The whole life policy's premiums do stay constant. But check out the difference in the rates.
1.You can buy more coverage for term.
2. There are 10, 15, and even 20 year guarantee renewable term policies. Even the renewable rates are cheaper than whole life.
3. You can invest the difference (of term and whole life) in just about anything that pays more intrest than a whole life policy.
Do the math; how much would you spend on 10 years of term versus whole life? How much insurance do you think you will really need the rest of your "whole life". Don't you plan on paying mortgages off etc? You have the option in later years to decrease your coverage which will keep your premiums level with term. All the while, you have invested your money at better rates and don't have to borrow it when needed.
Sorry if I duplicated anyone's answers. I didn't read all of the thread. And, I am not in the insurance or securities business.
Don

I am glad you asked this question Danny. I am looking at changing my exit stratagies to include long term. Now with the replies you have received. I am confused.
I intend to have a rehab loan from a local bank that will be refi'd at the end of the 12 month period. All the while, I could have tennants while enjoying a lower cash outlay until the refi.
The refi will be 70% of ARV at the end of the short term (12 month) rehab loan.
Replyers; did I get this right??
Don

My wife uses furniture from our house. Of course we do not have anything staged presently with the holidays coming. For the appearance of beds in each room, she might put and old mattress on empty paint cans. Frames are inexspensive, she might just use the top mattress. She likes to make one room in a house into a nursury with a baby bed, or a twin bed with some toys in the room. If a room has a feature that might not be understood, it definately needs to be staged. Example is of a room where in we moved a coat closet from the living room to a bed room that already had a closet. This increased the usable space in the living room. The space was perfect for a chest of drawers. I put a cable connection in it and she put a TV on the chest. Don't leave your prospects wondering what you were thinking when you made a special feature.Make these features a selling point.
Don

Don't forget the square!!! I have only been involved with one door job; 11 interior doors. We took the measurements of the frame (less trim) to Home Depot They fixed me up perfectly with the right doors once I figured out how many I needed to open up this way or that. I don't think I would ever attempt anything but a prehung door. John gave you some good pointers. I found that starting with the hinged side first, make sure it is plumb and level before I nailed it. Then make sure the top is square. This should make the remaining side just about right. But, I go ahead and and hang the door in the hinges and make sure the latch matches up correctly before I nail the remaining side. My Son can do a door in about 30 minuets. Takes me about 4 hours.
Don

He can sew himself up just like Rambo. Except he has girls watch him do it!!!
Don

I had a freind (deceased now) that was a self made millionaire in realestate. I wished I knew then what I do now. He would have loved JVing with me. I guess my most recent inspiration has come from approaching retirement age. I don't want to be doing what I am doing now in 10 years. I am going to make REI replace my current income and benefits so I can get out of the rat race while the getting out is good. I can't hack the boss or the pace much longer.
Don

I love PEX. The theives have not figured out a reason to steal it yet!!
Don

I hate to back this conversation up. I just posted in another thread to remind all what Oblammy said just days before the election.....
Something to the tune of the Teaparty/GOP taking aback seat??
And remember when he tried to stir the DooDoo with the Hispanics by saying the GOP was their enemies??
Now he is holding a meeting in two weeks to "reach across the isles". Screw him and all the other jackasses that he rode up there with. Even if it stalls things, never comprimise.
Don

It has been so long since I have logged on, I had to dig up my notes to remember my password. But, this thread got me on again.
Tim W, I have enjoyed your comments this week.
I hope the GOP never forgets that they were described as enemies and were told by Oblammy they would be taking a back seat. Never forget that horse hockey just like we should never forget 911. When you describe me as an enemy for my beleifs about what is right, you just made one Mr Oblammy.
Don

Could be the two problems are not related. Search out the mold problem as already recomended. The "sticky" problem could be anything. My first thought is when I had the Piglets about twenty years ago. The cooking grease was so thick all over the apartment, you could scrape it off with your fingernails. Amazingly, I was called to inspect their roach problem. I sure don't miss being a landlord.
Don