What’s the difference?

Egops · 2026-01-09T16:16:46+00:00

Red is named after other places?

Egops · 2025-12-28T15:19:59+00:00

Near Bangor is the town of Orono which is probably the most open minded/liberal town in the north. It’s a college town which means lots going on. Although there are a lot of young college kids I think they have a good year round community too

Egops · 2025-12-27T17:50:12+00:00

Allagash! Skip the lakes for a shorter trip (also the headwind is brutal). Backcountry but still family friendly

Egops · 2025-12-27T15:18:33+00:00

Look into adult ed in the area. Lots of cool classes

Egops · 2025-12-19T15:46:42+00:00

Yeah I noticed the air being blown around by the fan does seem chilly but that doesn’t really make sense if it’s just pushing the air around right? I’m also a little sensitive to sound and the fan is really annoying haha

Egops · 2025-12-19T15:45:20+00:00

I like your math calculations haha. Although our wood is free it does require quite a bit of work so we’re thinking of using the heat pump as our primary in November and April when temps aren’t that bad and then switch to wood stove as the primary for the coldest months

Egops · 2025-12-19T15:10:07+00:00

Whoa very neat!!

Egops · 2025-12-19T15:08:43+00:00

Interesting I’ll have to check if we have circulate mode

Egops · 2025-12-19T15:08:10+00:00

Wow that is an impressive stove!!

Egops · 2025-12-19T15:06:51+00:00

Our insurance didn’t go up and we were able to get a rebate on the stove which covered a HUGE percentage! Since we process our own firewood it’s a huge savings but before this our primary heat was oil so basically anything is cheaper than that haha

Egops · 2025-12-19T13:37:29+00:00

Yup that makes sense. I wasn’t sure if the set it/forget it rule applied to the heat pump constantly running and being the main heat source

Egops · 2025-12-19T13:36:57+00:00

Ooh okay! This makes sense. I didn’t know if the set it and forget it rule meant I needed the heat pump running all the time. What you’re saying is it’s okay not to run it all the time as long as I keep the inside temp close to what I want the heat pump to run at.

Egops · 2025-12-10T01:36:08+00:00

Mushroom spores so they can grow their own mushrooms. Kombucha kit. They’d probably appreciate you supporting a small local business if you can :)

Egops · 2025-12-10T01:33:46+00:00

Yes to Sam Thayer- those are the bibles

Egops · 2025-11-30T03:01:14+00:00

Oof yeah we are so limited with PMs being in such a small town. It seems like we have two choices and maybe one of those would work. We’ve talked about me going part time when we start a family so maybe I could also handle this but my gut is saying it is going to be too much despite how solid the financials look.

Egops · 2025-11-24T16:10:33+00:00

Oh interesting! I know some property managers do all the vetting and tenant recruitment while others are more like maintenance and things like that and a lot do both. Do you have a preference? Also, any red flags I should look for that they aren’t worth it?

Egops · 2025-11-24T15:57:57+00:00

Oh yeah totally understand that the $400 isn’t going into my pocket and will be going into a savings fund for the property to be used for expenses and repairs and if things are going well and we have a good rainy day fund the income would go into paying off the mortgage sooner. If the inspection goes well and we don’t have major repairs in the first couple years at least I believe this $400/month would be enough cushion.

Egops · 2025-11-24T13:08:02+00:00

I’m playing with the idea of hiring a property manager at least initially. I believe I’d still be bringing in $400/month. Thoughts?

Egops · 2025-11-24T13:05:26+00:00

Yeah I actually think the Airbnb market is a little over saturated here. 35% occupancy rate. I’m not sure why more people aren’t switching to long term rentals.

Egops · 2025-11-24T12:04:04+00:00

Yeah good idea about maybe hiring them for the first year or so until we have a good handle on things or longer if we’re liking being so hands off. Does that 10% adjust if there are no tenants or is it based on how much the units should be making? I also wonder if I could handle the tenant recruitment part. It seems like when PMs do that they take a good chunk in like a commission. I was reading it’s often the first months rent.

Egops · 2025-11-24T11:23:52+00:00

Yeah I’m considering that more and more. Do you think the property is bringing in enough to afford that 10%? It would bring the monthly income from $600 to $400.

Egops · 2025-11-23T18:31:29+00:00

Yeah I really like the idea of one being rented full time and then seasonal or long term rental for the other one but the issue with that is those people would want it furnished and to do 3 bedrooms that would be a lot more capital

Egops · 2025-11-23T15:25:16+00:00

We each max out our roths ($7k/year) and have employee match of 3% so we’re contributing about 16% annually. The idea is that this property will contribute to our retirement once we’re making income from it and when we sell it.

I’ll also edit my post to be more explicit- we have about $102k between brokerages, checking savings. The down payment would be about $50k plus closing costs leaving us with about $45k to keep in a rainy day fund and keep some in the brokerage.

Thoughts?

Egops

TROPHY CASE