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Started By
Message
re: Any good way to finance a pool?
Posted on 5/11/15 at 2:59 pm to bobaftt1212
Posted on 5/11/15 at 2:59 pm to bobaftt1212
quote:
pay cash for that. If you can't pay cash for something like that you should really hold off until you can.
Bingo we have a winner
2
Posted on 5/11/15 at 3:10 pm to Double Oh
That was said on page 1.
Posted on 5/11/15 at 3:18 pm to Double Oh
quote:
pay cash for that. If you can't pay cash for something like that you should really hold off until you can.
Bingo we have a winner
Ohhh you guys....Dave would be so proud of y'all.
I'm not dropping 50k cash when I can tap a 4% HELOC...I'm also not building a pool either.
This post was edited on 5/11/15 at 3:21 pm
Posted on 5/11/15 at 3:22 pm to LSUAfro
quote:
Ohhh you guys....Dave would be so proud of y'all.
I'm not dropping 50k cash when I can tap a 4% HELOC...I'm also not building a pool either.
So u tap a HELOC and ur right back into debt.
Im all for building a pool but pay for it dont go into debt for it.
Posted on 5/11/15 at 3:25 pm to Double Oh
subbing the pool out yourself can theretically save you 20-25% of the price you'll get from pool guys. Nearly all the pool guys subcontract out the digging/rebarring to the 1 or 2 guys that do almost everyone's. The rest is a bunch of tiling, concrete, finish type work. May help to have a knowledgable person to set up the pool machinery etc.
Posted on 5/11/15 at 3:32 pm to Double Oh
quote:
So u tap a HELOC and ur right back into debt.
Absolutely. I'd rather keep that cash invested than sunk in a pool when I can get that cash at an interest deductible 4%.
But, Dave doesn't have me running from the debt devil forcing me to make poor financial decisions.
Even though building a pool is a pretty poor financial decision
. But, there are many other factors to consider when making that decision than just the costs.This post was edited on 5/11/15 at 3:34 pm
Posted on 5/11/15 at 3:52 pm to LSUAfro
quote:
bsolutely. I'd rather keep that cash invested than sunk in a pool when I can get that cash at an interest deductible 4%.
If you have 50K of cash available to drop on a pool, and you choose to instead borrow the money to keep the cash invested, that's not a bad financial decision... because if something happened, you could always cash out some money to pay off the debt. That way, you are not really borrowing money to pay for the pool, you are just being strategic with your money.
If you don't have 50K of cash available to pay for the pool, my suggestion would be to pass on the pool.
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