Swall

Financing

• ReFi Robbins for $400K to pay for everything:
  • 15 year fixed would turn into around $3000/month.
• Monthly vs BiWeekly Payments.
• 15 vs 30 year fixed.

Randy's place was built in 1995, Jeannie's remodeled in 2001.

Joint ownership and Legal Issues

• Tenants in common agreement.
• What if someone dies.
• Get some legal docs to cover worst case scenarios for both sides.
  • Conditions if one party wants to sell out.
  • Conditions if one party croaks.

• Probably setup a joint account for common expenses.

• Phreaner's setup in Utah: Verbal agreement w/ his brother, no legal docs.
• Frank Davis' setup in Montana: Legal document of joint ownership on file with madison county. Has discussed a second legal document to deal with death issues but hasn't gotten around to it yet.

• Visitor use of hot-tub?

Questions for Randy

• Stub outs for services for second bathroom?
• Strength of TrexDeck
• Utility costs
  • $58.13 electricity for Dec 2009.
  • Electricity for well is on Randy's bill
  • Electricity for hottub is on Randy's bill
    • Jeannie has been paying $50/month toward hottub and well electricity.

• Fence restrictions? WRT: Dog run.
• Regular maintenance issues.
• Snow removal services.

Other Properties in Swall

• Zillow
• 2acre lots in Swall between $300-400K w/out any permits, plans, services, water, or trees.

Desired Updates

• Replace water heater.
• Face lower deck wall w/ stone.
• Replace front door with something with lights.
• Professional clean carpets.
• Queen bed in upstairs room
  • Move futon to downstairs room.
• Bed/couch/pillowed reading nook in corner next to fire.
• Internet (440-50/month):
  • Schat.net