Tim the Servpro Man
Active member
- Joined
- Oct 16, 2007
- Posts
- 28
chaajoad said:Tim - I a'm not a businessman and I need to work every week or the bills don't get paid. I'm honestly impressed with the way you've built your business and the numbers you've put out there so I'm truly not trying to be antagonistic, but - why wouldn't you just buy a new MH? Seems like what you want to use it for would qualify for some tax exemptions and your time has to be worth more than hassling with a long list of repairs. If I'm off-base, tell me because I'm honestly curious.
When I bought our used rig I was thinking I could take a second-home deduction as well as some kind of credit because I use it as an office most of the time. I found out that the exemption seems to work only on the interest paid for financing. I paid cash so I guess I'm outta luck on that one.
Your question is absolutely legitament, and I have had that conversation to myself many times. I truely have never been in an RV or really talked to anyone who has owned one prior to my purchase. I have spent approx. $600,000 buying/re-investing into my business this year. Can you imagine I spent $100,000 on ONE commercial dehumidifier last month. Although it does the work of about 10,000 house hold dehumidifiers it is a very unique piece to own for even Large Restoration Co.'s. Because I have decided to pursue growth in such a rapid fashion it leaves me with not much time on any one purchase. I have to take in as much info. as I feel is needed, then follow my gut and pull the trigger. My business is completely debt free and I don't purchase anything in which I have to burrow money. With all I have going on, I would go crazy if I had to worry about a bunch of bank notes at night. (running out of room, so ill do another thread)