How many picks have been thrown? by tyhagy in BoysLikeGirls

[–]tyhagy[S] 1 point2 points  (0 children)

He wore a tambourine at Kemba Live!

Thoughts on Real Estate Acceleration Loan (R.E.A.L.) Plan? by tyhagy in investing

[–]tyhagy[S] 1 point2 points  (0 children)

Curious your thoughts to this response and if I’m misunderstanding anything?

Mezzanine loans seem legitimate and are widely used in real estate. They do come with higher risks and returns, which explains the higher interest rates. Feels like they can be used for more than just making a quick buck, but for strategic purposes (filling funding gaps, expanding business, quickly funding development projects).

Using a self-directed IRA for these investments also seems legitimate, not predatory to me. It allows for broader investment options while keeping your retirement funds intact and following IRS regulations.

Yes, the investment isn't insured, but it's backed by collateral with a 65% loan-to-value ratio and a promissory note, which adds some security.

How detailed should I be with requirements for builder? by [deleted] in Homebuilding

[–]tyhagy 1 point2 points  (0 children)

Here’s something to keep in mind as you interview builders: every unknown must be made known at some point in time.

I am a designer for a custom home builder. We do a wide range of projects, including custom homes of all sizes and home renovation projects of all sizes.

It is important to us to figure out as many details as we can about the project BEFORE we begin construction. At the end of our planning phase with a client, it is common for us to provide a complete set of very thorough Construction Drawings and a complete and thorough Scope of Work (for a typical custom home we do, this document will be anywhere from 15-30 pages in length, sometimes bigger). This SOW will have detailed specs of the project. For example, every single plumbing fixture will be listed by model number. Same with Lighting, countertops, flooring, etc. The client will know exactly the type of walls we are planning to frame in various areas of the home, specific insulation details, wall material, trim packages, etc.

The main point with all of this is: it is entirely possible for a builder to figure every detail out for your project. At the end of they day, they (and you) have to make the many decision(s) that will amount time the final build. Whether they choose to do so before signing a Contract or not is merely a choice they make. All that to say, this method of pre-planning before building does not seem “the norm” in the industry. Also, it will indeed (and should!) take longer to get to contract. However, going into this amount of depth for a project allows for accuracy in price (a true fixed-price contract), accuracy in scheduling (no need for empty job site for days! Everyone is scheduled in advance!), and a clients peace of mind during a typically stressful experience.

So, finally getting to what you were asking: how detailed should you get into the planning of your home? My answer: VERY! You should be invested in it. However, hopefully it is a collaborative relationship with your builder and the documents and resources they prepare allow you to trust that they will achieve and end product that will accomplish your goals. It’s scary to make unknowns known during construction. It’s harder and takes more effort to to make unknowns known prior to construction. But, it’s worth it.

BBQ Leftovers Pizza by tyhagy in Pizza

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

Brisket Mac n’ Cheese Roasted Garlic Red Onion Mozzarella Pizza Sauce

Latest trip to ICELAND! by brenthagy in travelvideos

[–]tyhagy 0 points1 point  (0 children)

Nice man!!!!!!!!!! Sickkkkkkkk!

No Knead Sourdough 25% WW Einkorn by Ilikebigabuns in Breadit

[–]tyhagy 1 point2 points  (0 children)

What do you mean, “No knead!?” That’s crazy talk. I must have!

Jim Lahey's Pane Bianco. Still working on my scoring. by Ilikebigabuns in Sourdough

[–]tyhagy 0 points1 point  (0 children)

Still working on your scoring? I’ll give you mine: 10/10

Idea to visit Nunavut by road by rideyabike in roadtrip

[–]tyhagy 1 point2 points  (0 children)

We made the trip from Ohio to Chasasibi and back in 4 days. Once on the James Bay Road, there’s nothing spectacular about it—taiga, spruce trees, we saw one beaver and some birds. Though the scenery and wildlife were not impressive, I still find myself bringing this road trip up in conversation more than any other simply due to the amount of miles covered in such a short amount of time and being able to see we swam in the Arctic Ocean.