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Q-talk *ON TOPIC ONLY* QUALITY ON TOPIC discussion of Backyard BBQ, grilling, equipment and outdoor cookin' . ** Other cooking techniques are welcomed for when your cookin' in the kitchen. Post your hints, tips, tricks & techniques, success, failures, but stay on topic and watch for that hijacking. |
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06-05-2013, 12:22 PM | #196 | ||
is one Smokin' Farker
Join Date: 06-25-11
Location: Mishawaka, IN
Name/Nickname : Jeremy
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Quote:
But the main benefit other than a few dollars here and there for tax deductions is building equity with other people's money. If the business fails after a year and you've been paying $1,500/month rent, what do you have when you close the doors? Nothing as far as the building is concerned. What if you stay in business for 10 years and are successful? Again, even if you did decide to sell or get out, you've paid $180,000 to a landlord for occupancy, and walk away with nothing. Buy the place, put $25k down and let the business income pay off the mortgage for you. 10 years later it's paid off, you only invested $25k of your own money, but have an asset worth $180,000. That's $173,000 profit in your pocket vs. leasing. (numbers are just for illustration purposes) There are obviously exceptions to the rule, but around here it's usually cheaper, or at least not much more expensive to buy. And that's a no-brainer since that means everything you do to improve the building and pay off the loan means ultimately, most of that money will eventually find its way back into your pocket rather than lining the pockets of a landlord. Quote:
But for the dining area it's a small expense to put in good looking laminate wood flooring. Looking at just $1,500 in materials, and it will be pretty much just easier to clean. And that's a small price to pay for something that will significantly improve the look of the dining room and give it a nice and warm feel. |
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Thanks from:---> |
06-05-2013, 12:55 PM | #197 |
On the road to being a farker
Join Date: 05-02-13
Location: Saint Louis, MO
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This is an awesome thread. Just spent an hour reading through it all. I'm excited to keep an eye out on your progress. Good luck in your endeavors and smoke on Brother!
__________________
Learning the ropes of BBQ, built my first UDS and have a few butts under my belt |
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06-05-2013, 03:12 PM | #198 |
Knows what a fatty is.
Join Date: 05-31-11
Location: Chicago, IL
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I agree with this one! Im a little bit closer than PA but still would be a fun trip :D
__________________
Grill Pro Vertical & WSM 22.5 www.piggytummy.com & Check Out www.porknographybbq.com |
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06-06-2013, 04:52 AM | #199 |
Full Fledged Farker
Join Date: 10-11-09
Location: Germany. I'm not German. Just live here.
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Good luck on the venture. You've got a great plan!
__________________
KCBS member, CBJ, IMBAS Certified MOINK Baller. WGA, WBS, 3x - UDS & WSM on Wheels, 2x - Performers, Weber Genesis. |
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06-23-2013, 05:57 PM | #200 |
is one Smokin' Farker
Join Date: 09-10-12
Location: Lost in the woods, somewhere in the PNW
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How's things coming along?
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06-23-2013, 07:04 PM | #201 |
Full Fledged Farker
Join Date: 06-05-13
Location: Hilton Head, SC
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Great thread. I am going to print and save this to reference
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06-23-2013, 07:49 PM | #202 |
is one Smokin' Farker
Join Date: 06-25-11
Location: Mishawaka, IN
Name/Nickname : Jeremy
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I was going to post an update later this week when hopefully a few things get done, but overall things are moving frustratingly slowly.
Finding builders, contractors, or anyone willing to do work has been a huge roadblock. It's taken over three weeks to even get somebody to return my calls. I don't know if people are just too busy or what, but it's driving me crazy. A ventilation guy should be coming by in the morning to give me a quote on relocating the exhaust for the smoker, so that's a start. Otherwise I've just been doing any work on the place myself that I can. I ended up and completely gutted the bathroom and am redoing that myself. Should be primed and ready to paint tomorrow or Tuesday. And we just got back from Lowe's and dropped off the new vanity, toilet, and a few other things to complete that job. We also unloaded a pallet of flooring tonight that will be going in the dining room, but that is going to have to wait to go in because of the pending construction on that one interior wall. The new sign outside should be installed early this week, which I'm excited about because when people drive by and see the new sign, that will get people talking. There is already a lot of talk and rumors floating around about the place, so I'm looking forward to the buzz it will generate. So, hopefully later this week I'll have some pictures of the progress with the new sign, finished bathroom, etc. And hopefully have somebody committed to the construction and a better time table for completion. |
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06-24-2013, 09:22 AM | #203 |
Knows what a fatty is.
Join Date: 07-08-12
Location: Oceanside
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Loved reading this thread; please update often!
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06-24-2013, 10:55 AM | #204 |
is one Smokin' Farker
Join Date: 06-25-11
Location: Mishawaka, IN
Name/Nickname : Jeremy
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As I've come to expect, the HVAC guy never showed up this morning like he said. So now I get to play phone tag and listen to excuses and try to set up another time.
And another surprise this morning, I pulled in and noticed my dumpster is gone. The trash company apparently removed the wrong one. There's another dumpster out back by the barn that the previous owners had brought in to clean out the barn and it's still there. It's always something. But the good news is the new floor is going to look great in the dining room, especially with all the natural light the building has. |
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06-24-2013, 10:57 AM | #205 |
Babbling Farker
Join Date: 08-11-03
Location: St. Louis
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That flooring is beautiful! Very nice choice.
__________________
Neil -- "Easy Bake Master" NB Bandera [gone to heaven...conveniently located in Long Island, NY] Rebel 23, WSM A, WSM B, UDS, Easy Bake Oven Pork Pistols BBQ MOFO Illuminati MOINK...It's what's for linner. |
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06-24-2013, 02:35 PM | #206 |
Full Fledged Farker
Join Date: 06-07-13
Location: Smyrna, GA
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This thread is captivating for all of us who ever even considered opening a Q joint. It should be a course for an MBA. Please keep sharing the details. Thanks for being the guinea pig!
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06-24-2013, 06:02 PM | #207 |
On the road to being a farker
Join Date: 04-25-13
Location: Winnipeg, Manitoba
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I'm looking forward to walking on those new floors.
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06-24-2013, 08:48 PM | #208 |
Babbling Farker
Join Date: 10-25-06
Location: Madrid, IA
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One step foreward, one step back and one sideways. Good luck with the contractors.
__________________
Bryan, Team: Pyle's BBQ Yoder YS640; Good-One "Trail Boss" 60T; Weber Kettle rotisserie ring; Big A$$ Rotisserie; New Braunfels offset smoker; Weber Smokey Mountain; Backyard Bombers BBQ HJM Μολὼν λαβέ |
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06-24-2013, 11:32 PM | #209 |
Full Fledged Farker
Join Date: 05-26-13
Location: Rogers, Ar. In the beautiful Ozark's
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Great thread, you are doing great.
__________________
Lang 36" Hybrid offset w/warmer Box Weber Smokey Mtn 22-1/2" Jumbo Joe Stainless 18" Smokey Joe mini Smokin Cajun Gasser |
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06-25-2013, 05:34 AM | #210 |
Knows what a fatty is.
Join Date: 06-01-13
Location: Hackensack, NJ
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Good Luck, Wishing all the best!!!!!!!! Just remember love what you do and do what you love.
__________________
18.5 WSM, 22.5 WSM, 22.5 Weber OTS, XL BGE, Smokey Joe silver, Weber E-330 and La Caja China #2. |
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