All Forum Posts by: Rusty Thompson

I don't know if I agree... there isn't really enough information. If people in the community prefer wells then I would say replace the pump & tank. Also, where I live the owner is responsible for all plumbing down stream of the meeter. Will you have to pay for trenching & plumbing from the meter into the house? How are the future owners going to feel when you tell them that there water bill is going to be $35 extra every month? Is it selling point of having city water?

Personally I prefer a well. I've found them to be cheaper than having city water. But that's just me. So I might be a bit biased,

3-5k for that much work?... that's a damn good.price

Sorry 50% rule

Have you considered a 4-plex?... its the largest income property that you can buy with a FHA. 3.5% DOWN. It sure will make your 20k go farther. Just make sure it fits the 20% rule ;-)

It looks great, you guys did some great work!!! The negative I can see is the lack of curb appeal "thanks google earth". The house doesn't really fit in the neighborhood.

Why would you offer more just because your going to live in it... I say live your life like you run your business...

Makes sense to me... If the city has no current or future plans for it, why not give it away. It then becomes a tax asset instead of a drain. What surprises me more is that there are bureaucrats out there that don't have there heads shoved so far... that they cant see the light of day, that they were able to come up with this plan.

I'm coming to the same "They aren't looking for advise" conclusion. I have friends, who in the same sentence, told me they have money problems, but just bought a horse.... um....ya... My father asked more to "borrow" money again because things wre tight... I told him only if I was allowed to go over his finances to determine if we could fix the situation... he no longer speaks to me... I found that giving them sound advice just pisses them off and makes them not want to talk with me anymore. So I'm going to stop doing it. I think its akin to the horse & water analogy. Until they discover the problem themselves, they will never actually understand.

I'm at work so I cant get into it more... but what stands out the most is, if by some miracle, there are never any expenses beyond the insurance & taxes. Your only getting a 11% return on investment.

Most on this forum would consider that a marginal deal at best.. a bad at worst.