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Message
re: Any good way to finance a pool?
Posted on 5/11/15 at 3:22 pm to LSUAfro
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.
2
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
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