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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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07-19-2013, 06:42 AM | #226 |
Babbling Farker
Join Date: 11-26-12
Location: Cedarburg, WI
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That is what a lot of people do........
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Chris- Midwest BBQ Outreach |
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07-19-2013, 06:57 AM | #227 |
Babbling Farker
Join Date: 02-25-10
Location: In the gutter.
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I believe one could create an LLC that would carry the mortgage and the "tenant" could pay rent which was in excess of the mortgage payment.
Could certainly be the same person/people. It would be important to talk with an accountant/attorney in your state, though, as I am drinking right now and can't be trusted.
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Tom |
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07-19-2013, 09:20 AM | #228 | |
Babbling Farker
Join Date: 11-26-12
Location: Cedarburg, WI
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Quote:
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Chris- Midwest BBQ Outreach |
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Thanks from:---> |
07-19-2013, 09:22 AM | #229 |
Babbling Farker
Join Date: 11-26-12
Location: Cedarburg, WI
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NEVER hold the mortgage in your personal name and not in the same company as your business. Limit your liability by having a separate LLC for just the mortgage.
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Chris- Midwest BBQ Outreach |
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08-06-2013, 02:10 PM | #230 | |
Babbling Farker
Join Date: 11-26-12
Location: Cedarburg, WI
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Quote:
Also, you can write off property taxes if you own the building but not if you lease it.
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Chris- Midwest BBQ Outreach |
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08-06-2013, 05:45 PM | #231 |
Full Fledged Farker
Join Date: 05-30-11
Location: Cleveland TN
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A restaurant is like a boat. Everybody needs to own one in their life.
I wish you the best. A friend fulfilled his lifelong dream and opened a BBQ joint here. He is doing very well.
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Bill Wheeler - Cleveland TN competition team member: Jack's Old South, Myron Mixon Smokers, Myron Mixon BBQ Myron Mixon Smokers Independent Rep MMS Vulcan V33 Gravity Feed with Stoker Myron Mixon 72XC - Sold Jumbo J3 - Sold Jacks Old South Original Patio Smoker Myron Mixon Pitmaster Q3 36" Barrell & 24" Square |
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08-06-2013, 06:05 PM | #232 |
Knows what a fatty is.
Join Date: 05-01-13
Location: Ringgold, GA
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Whereabouts in Cleveland? I'm not too far from there, and up for a road trip.
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Matt. |
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08-06-2013, 07:52 PM | #233 | |
is One Chatty Farker
Join Date: 05-09-07
Location: Shreveport, LA
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Quote:
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Checkout our Original BBQ Sauce & Cajun Pickles www.doubledsbbq.com http://www.facebook.com/pages/Double...12864168786570 Stumps Baby Gravity Feed Smoker Backwoods Patio Unit Char Griller Offset for grilling |
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08-06-2013, 07:55 PM | #234 |
Babbling Farker
Join Date: 11-26-12
Location: Cedarburg, WI
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That is correct b/c the interest paid is not equity, merely a fee for financing.
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Chris- Midwest BBQ Outreach |
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08-07-2013, 12:08 PM | #235 |
Full Fledged Farker
Join Date: 06-25-13
Location: Augusta, Georgia
Name/Nickname : Scott
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Good luck to you! Updated pics?
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GO DAWGS!!! UDS, Weber Kettle, Weber Gasser ,"ON FIRE" Thermapen |
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08-07-2013, 12:15 PM | #236 |
Full Fledged Farker
Join Date: 07-17-13
Location: Wales
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Thanks from:---> |
08-07-2013, 12:16 PM | #237 |
Full Fledged Farker
Join Date: 09-28-11
Location: Ottawa, ON
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All the best to you. If I'm ever down that way I'll be sure to stop in
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08-07-2013, 02:12 PM | #238 |
is one Smokin' Farker
Join Date: 06-25-11
Location: Mishawaka, IN
Name/Nickname : Jeremy
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Sorry, nothing worth taking pictures of at the moment since the place is still all torn up. But, I do have a quick update. I finally have a contractor on the job and work will be underway shortly. Right now I'm just trying to coordinate the smoker delivery with the builder who will be cutting the hole in the wall and installing it.
But all in all, it looks like we'll be done by the end of the month, barring any further delays, and then it's all up to when I can get the final inspection from the health department. So, my fingers are crossed. |
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Thanks from: ---> |
08-07-2013, 02:21 PM | #239 |
Babbling Farker
Join Date: 01-01-11
Location: Southern NJ...exit 36
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That's some funny sh*t...
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Proud owner of 4 VERY ugly drum smokers....and a Greasy Hill reverse flow.... |
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08-07-2013, 02:50 PM | #240 |
is one Smokin' Farker
Join Date: 06-25-11
Location: Mishawaka, IN
Name/Nickname : Jeremy
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Well, the bad news never seems to stop with this project. Can't get the smoker delivered until September 27th. That is, unless I can find one sitting around somewhere. Or more likely, I need to come up with a plan B.
I've got the biggest headache right now. |
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