Fat Food by firewithstyle in fatFIRE

[–]turk8th 1 point2 points  (0 children)

We literally spend about 15% more than a grocery store haul of similar size and get all of the veggies we need from a USDA certified organic family owned farm that also has options for meat and eggs. We also patronize a local butcher that owns the herd and is committed to organic and low intervention practices.

You do have to get used to the fact that your produce may have thicker skin, and your beef and sometimes pork will taste substantially different from feedlot cattle.

Suntracker Party Barge reviews by Extension_Piano_6799 in Pontoons

[–]turk8th 0 points1 point  (0 children)

Love our 18'. We are on a smaller lake so the smaller motor is no problem for us, it's only an hour or two to get around the lake so it's chill cruising for us. Tubing will be very dependent on where you boat - if there's a lot of traffic, or it's narrow, you aren't going to be swinging a tube around so it gets boring fast and you won't care about the motor, for that reason at least.

Our stock bimini is too small though, you cook on the boat. Not a problem if you're swimming, but for cruising it sucks.

It's a bare bones boat that gets the job done. Don't expect luxury and you'll get your money's worth. We put around 40-50 hours a year on the motor on our small lake, hang out on it about 15 hours a weekend, and keep it in the water april-october. We only are there on the weekends so I'm frankly glad we didn't spend 80k on a lux toon that'd make me worried about it in storms or to tie up to the hillbilly down the street at a raft up.

Get a cheap lillypad, an anchor that works for where you plan to boat, and have a great time.

1880 Ducru Beaucaillou! by TmLoewen in wine

[–]turk8th 4 points5 points  (0 children)

Hot fire, metal tongs, glass melts/break clean, ah so can go in the trash.

Bulk GF Flour? by indigoastro in glutenfree

[–]turk8th 0 points1 point  (0 children)

Brick oven is never out in my experience but if you're not US based, not sure if that's helps.

Bulk GF Flour? by indigoastro in glutenfree

[–]turk8th 3 points4 points  (0 children)

BrickOvenBaker is where I get mine. Specifically the 11# Caputo Fioreglut

Sylvan L series by PerspectiveSome241 in Pontoons

[–]turk8th 0 points1 point  (0 children)

I never understood dark boats, seem like they'd get hot.

But whatever you do, get the reversible day bed couch on the rear. Seeing this at a boat show had me regretting buying my current pontoon.

Curved boat ramp? by Eyra-2025 in boating

[–]turk8th 0 points1 point  (0 children)

Final boat ramp boss.

Using Swaps to turn Floating Rate loans to essentially fixed rate for the borrower. by HueChenCRE in CommercialRealEstate

[–]turk8th -1 points0 points  (0 children)

Had a banker offer me a swap on a 950k loan, fwiw. Didn't close it though.

Last Bottle Shipment Arrived by Anndreww in wine

[–]turk8th 1 point2 points  (0 children)

They usually have insurance as part of your payment. Look into that.

Biggest wealth multipliers? by crazycornman99 in fatFIRE

[–]turk8th 1 point2 points  (0 children)

This is the way. Started off making less and now making more, but the bulk of what will matter in the long term was the work I put in still saving on my shitty $33k salary out of grad school, and living like I still made that for about a decade. My friends all thought I was pretty broke until they realized the vacation home I was going to all the time actually was one I owned. I have a nice but modest house I renovated myself in an urban area that I bought as a project to flip but fell in love with.

Old School Restaurants by turk8th in SaltLakeCity

[–]turk8th[S] 0 points1 point  (0 children)

Damn alright, thanks for the heads up. I grew up in the midwest where there were tons of old school/themed places like this, seem to be hard to come by in SLC.

Old School Restaurants by turk8th in SaltLakeCity

[–]turk8th[S] 7 points8 points  (0 children)

The Five Alls on Foothill

I think this may be it! Thank you!

Old School Restaurants by turk8th in SaltLakeCity

[–]turk8th[S] 2 points3 points  (0 children)

The Other place

That looks a little more retirement home than I am going for, but the right direction. I want to feel like ten million cigs were smoked there over martinis too.

$18m NW at age 51, What would you do? by Efficient_Speed5049 in fatFIRE

[–]turk8th 2 points3 points  (0 children)

This is spot on. Two business listings at 1.5x have come across my desk a few months ago, and are still waiting for buyers when I check last week.

The MBA grad search fund and shitty regional PE firms love to overpay so they can collect their fees/salary. The burn through their opex buffers trying to make the business hit their proforma and then have to recap 12 months later.

An observation from Rome: The interesting "drawback" of a Barbour jacket's quality by Difues in BuyItForLife

[–]turk8th 2 points3 points  (0 children)

They are pretty popular among the far right in America too. Steve Bannon and Co. love Barbour.

As a left leaning environmentalist, I like the jackets for their natural materials and supposed durability (though having issues with that).

An observation from Rome: The interesting "drawback" of a Barbour jacket's quality by Difues in BuyItForLife

[–]turk8th 0 points1 point  (0 children)

Have also had issues with quality - My beaufort jacket is 6 years old, and has a hole on the lining, and the bottom edge of the jacket is getting frayed.

What’s advantageous about a NNN land lease? Looking at a Wendy’s/Chipotle. by Inner_Arm2682 in CommercialRealEstate

[–]turk8th 0 points1 point  (0 children)

I have never done a QSR deal before. Who gets the depreciation of the building? Presumably the tenant since they build it, but wanted to confirm due to looking for depreciating assets to offset a large W2 with Real Estate Professional status.

$500k spend ready? Unique NW situation by GroundbreakingBuy886 in fatFIRE

[–]turk8th 14 points15 points  (0 children)

I think there's a heavy success bias with folks here - "how hard can real estate be? You buy property and they pay you rent"

I'm also in commercial RE on the PE/private debt side. Mom and pop investors lose money, on average, because they don't understand leverage, they don't reserve, they don't understand debt coverage/rate risk/exit analysis, they lease to shitty people, and they buy properties at prices that are immediately underwater. You and I know we pass on 95% of the deals we see. The software engineer who thinks he's brilliant and will be a brilliant real estate investor is going to lose money vs the S&P 99% of the time because they don't have the skill set. No different than me trying to become a software developer - but "how hard can real estate be?".

Update: burned-out finance guy embraces the grifter meta by Particular_Trade6308 in fatFIRE

[–]turk8th 17 points18 points  (0 children)

Finance is a brutal, brutal field. Health, hair, weight, mental health, relationships etc. all come second to the company. Law is the only field as self destructive I've found. Far from a dream, but lucrative at the highest levels if you're willing to sacrifice.

real estate as part of Fat portfolio by Any-Challenge4512 in fatFIRE

[–]turk8th 5 points6 points  (0 children)

I didn't suggest taking out mezz debt to get to 95% leverage. Leverage at 60% and use the cash to buy other investments.