Tuesday, December 29, 2015

Bad money habits are taught.

     Yesterday I posted I had bought my wife's Granddaughter a camper to live in. OK she is 27  , 3 year old son and has been living in bad apartments and couch surfing till she moved back in with her mom last summer. My wife's daughter has a bad habit of using title loan and payday advance loans when she is short or has an unexpected expense .In years past we have saved her car twice from repo.  Well she past this on to Dee the granddaughter and got her to do a title loan for a property down payment. Ok what is done is done. I told Dee I would buy this camper IF she did 2 things when she got her income tax refund. Repay Me and go to the bank and refinance her title loan.

   Ok her title loan was for 2500$ 2000 for the land and 500 for tires. Terms was 257$ for 24 months that's 6100$ for 2500$ I had a freaking heart attack that she did this. Ok as a single working mom her refund will be close to 4500 $. Dee said she was going to pay off the title loan and use the rest for the camper . Great plan but not the one I want her to do. She learned her money skills from her mom I have to break that and make her see a better way!

    When her refund comes in she has agreed to deposit 2000 in Cds and take out a 2000 dollar loan to pay off her title loan. She will repay me for the camper and that will leave her  1200$ in savings for emergency's . The bank loan will cost her 172$ for 12 months giving her 85$ a month extra and 2000$ in the bank next year. When I showed her on paper what she would save every month and have next year she called her Mom over to show her. Her Mom said why do that you mite as well keep the title loan. Dee responded are you crazy? Her mom just didn't get it but Dee did.
    I will never change her moms money habits every year she spends like a drunken sailor when her refund comes in. I think I have gotten through to Dee . Dee asked if I pay 172 a month for 4 year I could buy a 8000$ car for cash ?  She is thinking in the right direction . No you borrow your own money and repay your self so in 8 years you would have the car and your 8000$ for 172$ a month. Her reply was WOW why don't they teach this in school . Good question.

Good deals have bad timing.

      No I didn't get me anything. I got my step granddaughter a camper. She is a single mom and has been living with her mom for a year. Her mom lives in a house that her boyfriend owns and as always happens its been DRAMA every couple of weeks.
   Both daughter and Granddaughter want there own place and they bought an acre lot with utilities in place . It was a lease to own deal they made without talking to me or their mom. 2000 down and 100 a month  for 10 years. I think they over paid but they are happy.

    Our Daughter is looking for a used mobile home or large camper for her and her son (14yo). Dee the granddaughter wanted a camper for her and the great-grandson (3yo).  Last summer I told her she needed a camper so she would never be homeless and she has been saying My next home will have wheels.

     Christmas afternoon we had a flood around here and they spent the night . I got on Craig's list and was looking at campers. I know Dee was hoping to find her a camper when she got her income tax refund but prices on campers are high and go up at income tax time. So I asked Dee do you want a 5000 nice camper or would you be happy with a beat up one for 1500 to 2500 for a year or two then up grade.

     Dee told me she would have 1800 left after she paid off her CAR Title loan she took for the property down payment. So a beater was what she wanted. I told her I didn't know if that would get her one suited for a woman and child but I would try, well I found an 89 Layton 29 foot with rear bedroom and futon couch in living room . We went Saturday and saw it. For its age it was solid but nasty inside the guy that was selling was BAT SHIT CRAZY . We haggled a little and I said I had 1000$ cash and would take it home . He agreed to the price .

     Now Dee has a place to stay even if it is in her moms drive for now . I will haul it to their lot in a few weeks . She is going to repay me when her income tax comes in. This camper in this area would have been 2500 + in the spring if cleaned . So us spending 1000 now saved her 1500 later. When her income tax comes in me and her are going to the bank and set her on a 1 year course to be debt free and money in the bank. Title and payday loans are a sure way to never have anything.

Monday, December 21, 2015

A scary film to think about.

    This is an amateur film that is about people that have survived  TEOTWAWKI . It is very watchable and pretty good quality . The only Problem is the intro that states it will be caused by global warming. If you disregard that part the next hour and 30 minutes will make you think . It deals with suicide and the mental aspects of the survivors.

    It is a long film and I recommend seeing it on you tube in full screen. I was surprised that it had only 32000 views

Tuesday, December 15, 2015

I knew i was in trouble when.

     Yesterday I smarted off to the wife. Well she is a Facebook junky now so she said see this . And think next time you smart off.

Friday, December 11, 2015

gun porn


OK the last one is scary. If you have ever had the love of your life pissed off and in this pose . You would understand.

Wednesday, December 9, 2015

Prepparing the kids for ??

    The last few months this blog has focused on me buying property for past due taxes. When I say past due I mean minimum 4 years and abandoned. Some may feel this is not a Prepping subject but to me it is . Every parent feels a need to help their kids. This is my way to help mine. The Math is simple  if the kids rent or buy an average  place around here it would be 600 to 1000$ a month. For 30 years or 360 months. That's 216,000 $ to 360,000$ over 30 years. My plan is to get my 2 youngest into places for under 2000$ each in taxes plus repair cost ,now I know how it sounds, they will be  dumps but dry and livable ( barley). It will give them the chance to improve it out of pocket over time. 
     This is me providing a long term prepping item that has a saving value beyond my ability to give. My daughter is hopeless a far as being prepared for anything . Her idea of Teotwawki is her cell phone searching and the WiFi not allowing her to stream music.
  My Son he learned, he has buckets of flour, corn meal, beans and rice not for the end of the world but for when he is broke .

     Most people dream of their permanent home being paid off and being able to enjoy it mortgage free . For most this is a late in life event . Some may think I am giving them to much help but trust me these places are a starting point only. My hope is it gives them a head start on stability. If you have kids you know we all have to help them from time to time. I hope this will cut down on future aid and save me money in the long run.

       This has been a draft for awhile . Today I received the acceptance letter for the property I got for my daughter. January 2nd I hit it full force. This is the place that broke me to buy but as soon as its finished she can get a loan . When finished I will be out 7500$ and 6 weeks labor. She can get a loan for 10,000 $ and have a 5 year note of 195$ a month for 3 acres and a mobile home. She has a 780 + credit score. Daddy will be down to 2 nickel's by then.  

Tuesday, December 8, 2015

The new House will never be a home.

     The house we bought for taxes is to far gone to ever be a home again . Over the last 4 weeks we have spent 6 days at it cleaning and cutting . We stabilized a wall and have poked and inspected to see how we should attack the repairs. The water problems are more substantial than we thought. This place is still wet and we have had 6 dry days . It gets almost no sun it was built on the wrong side of a large hill that has huge Oaks and Pines that allow zero sun . I will fix its problems but the area has low resale on old homes so the cost benefit is to narrow .

    It isn't a loss, me and my son have decided to make it into a food commissary with him a 4 room apartment attached. A commissary is just a place where food is stored and cooked and cleaning done on a mobile food truck. It is basically a normal kitchen with a floor drain , mop sink and if needed a vent hood with  exhaust. All of which I have and can install. By doing the house into a commissary we can both get license to operate any where in the state in both of our vending trailers. When the new trailer is finished it will also be licensed and registered as based out of the commissary. To make it into a home would cost 5 times as much as a commissary

     A home is about look feel and finish appeal. A commissary is about sanitation ,food handling and utility. The 4 room apartment is basically in good shape now. It will cost little to separate it from the kitchen unit . This plan will only cost about 800 in structure electrical and plumbing cost. Add 400 in flooring and counter cost should about do it. To get it to a rental level would be 3 times this and to a sale level would be over 5 times as much.

    To rent a space in a set up commissary would be 500 a month per vending trailer and to my knowledge the nearest one is 40 miles away. That's 1500 a month  FOREVER.  Buying and remodeling this house will be 2500 to 3500 once and done! Plus the cost of license is 1200 less in Blount county and the units are only 50$ each instead of 200$ each. The apartment for my son is an added bonus :) till one of our other places becomes deedable. This plan is a lower cost and a higher return over the next 5 years for both me and my son than rental or sale could net.

Monday, December 7, 2015

Death in the family.

     Sorry I haven't been posting had my Mom visiting last week. My Mom came down and spent 4 days with us last week. Seems she has been a little depressed with the holidays and living so far from the grandkids. She is lonesome at home even though my brother lives' with her. He is about as interactive as a pet rock and his best friend is a mirror. A 49 year old Momma's boy .

   My uncle lived next door  and he has been in bad health for 15 years . My cousin has took care of him for the last 3 years but he passed last Thursday night. Mom had just returned home that morning so she was there with her brother for that I was thankful. The funeral was today and it was nice but the family is shrinking.

     My Mom is the last of her family alive and she commented we only number 9  total kids, grand's and nephew's . That's 3 full generations. The wife and I have decided that we will be going up and spend a night or 2 every month Mom may not be around  in 5 years . I  need to make time with her even if its 2 days of NCIS on the TV (she thinks Mark Harmon is 2nd only to Elvis in looks )

Friday, December 4, 2015

This is why we have Internet .

 We now have internet because some kid grew up and want porn more than a monthly Magazine could provide. So now we can post pictures and look 24 7  or until the wife asks "what are you doing".

Thursday, December 3, 2015

A Mass shooting! Muslim radical?

    I have watched about 2 hours of the morning news (lol) . It was a lot of talking and very little news. It seems if you believe the news that 2 assault rifles walked in on there own and opened fire. These rifles were accompanied by combat gear and body armor. Some how these rifles had multiple illegal extended clips. These same assault rifles were legally obtained and had in tow a husband and wife that may have been Mentally ill.

    In 2 Damn hours not one hint that the couple were Muslim and had recently returned from the middle east. No it was the guns it was because of lax laws it was a mental health issue.

   Now the truth is said. It is the ideology and hate of all non Muslim's.