Big tool purchase. Need suggestions!

[Sasquatch912]

Need some suggestions!

Ok, just got a shop built, but need the power hooked up and electrical lines ran. I need to purchase tools as well, but don't have the money to just go out and buy stuff.

The bank may can do a loan on it and use the tools and my tractor as collatoral (still paying them for the tractor). They said I need to see what I need and give them the prices on it and what it is.

My plan was to get tools and fix my truck up so I can tow my tractor and do side jobs to make extra money. But I may just wait on fixing my truck up and get the loan for tools.


So, I need a welder, air compressor, plasma cutter, and other various tools I may need for different projects.

Do I really need this stuff you ask?
-Yes, we own land (well its my grandmothers right now) and I manage the woods and stuff. Ive already destroyed some plastic parts on my Deere Tractor and nearly got injured cleaning up (limbs, etc falling)...so I really need to build a cage and skid plate on the tractor.

I need to also use the loan to pay the power company to give me some power and Im thinking about buying a spray foam insulation kit to spray inside my shop.



So anyways, below is what I am looking at.

Im currently look at:

Welder: ESAB 235 EMP $2600

Air Compressor: Quincy 5hp 60 gal $1300

Plasma Cutter: Hypertherm Powmax 45 XP $1900

Air tools:
-(Harbor Freight) Earthquake XP 1/2" Impact $150
-Grinder
-Paint gun


Air hose: (Harbor Freight) 3/8"x50' retractable hose reel $59

Tool chest: (Harbor Freight) 27 drawer $169

Welding cart: (Harbor Freight) $41 (for the plasma cutter)
$169 (for welder)


Im debating about getting one of those harbor freight sand blast cabinets and 20T hydraulic presses.

Im also needing a drill press as well.

I may need other stuff but Im brain farting.

Any suggestions or opinions on my current choices or what else I may need?

 

[ducksface]

I have no opinion on what you need.
I do have an opinion on your generationallycentric plan.

For reference: are you the 19+- year old building the shop because it was your dad's dream?



I'll let Keel or Berry or Kevin54 or another explain in real world speech.

 

[ilovevocs]

I think you could save some coin, drop the plasma and just start with a torch and a port-a-band. Swag table for the port-a-band would be nice as well.

Your list is missing some basic appetences that are going to add up quickly.

Just to name a few; angle Grinder, bench grinder, helmet, jacket, welding table or material for one, abrasives, clamps... The list goes on and on.

Your going to find that sawing things is preferred to flame cutting and grinding. The plasma is not your single source tool for metal cutting.

Doesn't seem like your in a position to invest in these tools unless your plans are to start making money with them.

Your not setting up a turn key fabrication operation with the proposed purchases alone.

 

[Sasquatch912]

I have no opinion on what you need.
I do have an opinion on your generationallycentric plan.

For reference: are you the 19+- year old building the shop because it was your dad's dream?



I'll let Keel or Berry or Kevin54 or another explain in real world speech.

No, the metal building was purchased by my grandmother because she wanted to help me out since I bought the tractor to manage her land and also she had timber cut thus needed to spend money so Uncle Sam wouldnt nickel and dime her of the money.

She makes money off of the land from leasing it out for hunting/farming and tree farming. I dont make money off of it...yet.

I manage it all because she cant and she relies on me to do everything. But I cant do everything I need when I dont have tools. Plus not only that I am prepping for the future when I inherit the land.

Owning land takes management. Management takes equipment and tools. Equipment and tools cost money. I dont have wads of cash to purchase stuff right out. And I dont want my assets destroyed and drop in value.

 

[Finky198]

Popcorn time

My one and only tip.

"Don't get in over your head. It is very easily done without you even knowning how deep your are..."

And Listen to the voices of reason in here they'll teach you a lot.....

 

[fowldarr]

I'm no help here as far as justifying what you want to do. I have never financed a tool, ever, in my lifetime. That might be different if I truly needed one right now or my world was going to end.

Those are very nice tools you have listed, but if I was in a position where I had to finance them, I would look for more cost-effective alternatives. An example would be that I have done a lot of work with a cut-off wheel where a plasma would have been nice, but I made do.

I don't want to be a downer on your parade, but you asked for opinions.

 

[DTuck]

No, the metal building was purchased by my grandmother because she wanted to help me out since I bought the tractor to manage her land and also she had timber cut thus needed to spend money so Uncle Sam wouldnt nickel and dime her of the money.

She makes money off of the land from leasing it out for hunting/farming and tree farming. I dont make money off of it...yet.

I manage it all because she cant and she relies on me to do everything. But I cant do everything I need when I dont have tools. Plus not only that I am prepping for the future when I inherit the land.

Owning land takes management. Management takes equipment and tools. Equipment and tools cost money. I dont have wads of cash to purchase stuff right out. And I dont want my assets destroyed and drop in value.

I think you're misunderstanding what he's saying.

 

[Sasquatch912]

I think you could save some coin, drop the plasma and just start with a torch and a port-a-band. Swag table for the port-a-band would be nice as well.

Your list is missing some basic appetences that are going to add up quickly.

Just to name a few; angle Grinder, bench grinder, helmet, jacket, welding table or material for one, abrasives, clamps... The list goes on and on.

Your going to find that sawing things is preferred to flame cutting and grinding. The plasma is not your single source tool for metal cutting.

Doesn't seem like your in a position to invest in these tools unless your plans are to start making money with them.

Your not setting up a turn key fabrication operation with the proposed purchases alone.

Reason I was wanting a plasma cutter was to cut the metal for building a cage and skid plate for the tractor.

i use oxy-ace torch at work. Gas cost money. If it runs out then I have to wait to get filled. One reason why I was looking at plasma cutter since it uses air and generally cuts cleaner and better in most cases.

 

[Sasquatch912]

I think you're misunderstanding what he's saying.

My bad. Please elaborate.

 

[DTuck]

Reason I was wanting a plasma cutter was to cut the metal for building a cage and skid plate for the tractor.

i use oxy-ace torch at work. Gas cost money. If it runs out then I have to wait to get filled. One reason why I was looking at plasma cutter since it uses air and generally cuts cleaner and better in most cases.

The way you are looking at the cost effectiveness doesn't make a whole lot of sense. You'll never see a return on these tools is what they're advising you on. You don't need to buy top notch everything, make do with what you can afford.

eta- If you already have an oxy acetylene set up, gas is not expensive to fill up your cylinders. Much cheaper than spending the money on a plasma cutter.

 

[Sasquatch912]

Popcorn time

My one and only tip.

Don't get in over your head.

Yeah. Thats why I am asking. I hate getting in debt but looks like the only way I can get the stuff I need.

I have a full time job but I am really wanting to do side jobs with my tractor as well.



A cage from John Deere is $5000...and it doesnt come with all the protection.

For $5000 i can get my own tools and get metal and build my own and still have a welder and stuff for other jobs

 

[Sasquatch912]

The way you are looking at the cost effectiveness doesn't make a whole lot of sense. You'll never see a return on these tools is what they're advising you on. You don't need to buy top notch everything, make do with what you can afford.

eta- If you already have an oxy acetylene set up, gas is not expensive to fill up your cylinders. Much cheaper than spending the money on a plasma cutter.

I dont have the set up for oxy-ace yet.

 

[DTuck]

I dont have the set up for oxy-ace yet.

I would invest in a set up then. It'll be much cheaper than a plasma cutter and while it would be nice to have a plasma cutter, you can definitely make do without.

 

[Sasquatch912]

I'm no help here as far as justifying what you want to do. I have never financed a tool, ever, in my lifetime. That might be different if I truly needed one right now or my world was going to end.

Those are very nice tools you have listed, but if I was in a position where I had to finance them, I would look for more cost-effective alternatives. An example would be that I have done a lot of work with a cut-off wheel where a plasma would have been nice, but I made do.

I don't want to be a downer on your parade, but you asked for opinions.

constructive criticism is always helpful.

 

[dsimatt]

You want to eat steak on a hamburger budget, sounds like you are in deep and digging deeper won't get you out of the hole.

I would never suggest borrowing against assets and even more so when you don't own the tractor...kinda like double jeopardy. I think the thing to do is use what you have, slow down to avoid damaging yourself and tractor because you aren't getting paid so don't kill yourself.

You need to find out what you need the most and watch craigslist or find cheaper alternatives, I've never believed in buying cheap for today but in some cases going all in may mean going belly up before tomorrow.

 

[fowldarr]

So if your primary reason for some of these (right now) is that you need to build a cage, have a fab shop cut the pieces you need for now. Start doing the side jobs, once you have a steady stream of side jobs you can get some of the bigger tools.


Sent from my iPhone using Tapatalk

 

[Sasquatch912]

You want to eat steak on a hamburger budget, sounds like you are in deep and digging deeper won't get you out of the hole.

I would never suggest borrowing against assets and even more so when you don't own the tractor...kinda like double jeopardy. I think the thing to do is use what you have, slow down to avoid damaging yourself and tractor because you aren't getting paid so don't kill yourself.

You need to find out what you need the most and watch craigslist or find cheaper alternatives, I've never believed in buying cheap for today but in some cases going all in may mean going belly up before tomorrow.

I really dont have nothing but hand tools, electric impact, angle grinder, and thats about it.


I do slow down but working in the woods take a toil on equipment. I was pushing logging slash and watching carefully and bam..a limb went straight under the little grille guard and nearly took out the radiator if it wasnt for the battery

 

[hand]

Ok, just got a shop built, but need the power hooked up and electrical lines ran. I need to purchase tools as well, but don't have the money to just go out and buy stuff.

Can you elaborate on why you need tools and what the financial return of having those tools will be?

What I think I understand is the following:

1) You support your Grandmother's land providing $X of value per year requiring $Y investment in tools (or $Z in annual debt payment for tools)

2) You wish to do side jobs to earn $X per year requiring $Y investment in tools (or $Z in annual debt payment for tools)


I think it is great that you want to get stuff done, take on side jobs & help your Grandmother, however if you want to buy expensive new equipment (or worse, borrow to fund said equipment) you really should decide if this is a value creating opportunity or just fun.

If you are creating more value than the time you put in plus the tools, by all means invest, or borrow.

If it turns out value created doesn't justify all the fancy new tools, try buying used / good enough tools or doing without for a bit.

Even with the best of intentions, it is really easy to get over your head in debt.

Good luck!

 

[Sasquatch912]

So if your primary reason for some of these (right now) is that you need to build a cage, have a fab shop cut the pieces you need for now. Start doing the side jobs, once you have a steady stream of side jobs you can get some of the bigger tools.


Sent from my iPhone using Tapatalk

Ive tried a local fab shop before. He still currently hasnt done what Ive asked him.

I could find another possibly..but you really need to have the tractor there to fit everything.

 

[Farmall450]

You want to eat steak on a hamburger budget, sounds like you are in deep and digging deeper won't get you out of the hole.

I would never suggest borrowing against assets and even more so when you don't own the tractor...kinda like double jeopardy. I think the thing to do is use what you have, slow down to avoid damaging yourself and tractor because you aren't getting paid so don't kill yourself.

You need to find out what you need the most and watch craigslist or find cheaper alternatives, I've never believed in buying cheap for today but in some cases going all in may mean going belly up before tomorrow.

Agreed, if I was in the situation I wouldn't be buying that stuff new or paying top dollar. IMO Craigslist is the way to go; nothing you need to cut to make a cage requires a plasma cutter.

I'd spend $3-500 on a used MIG, get a cheaper bandsaw, good angle grinder, and some consumables. Well under a grand there and all you need for it. Assuming you have a vise and a hammer lol.

 

[ducksface]

If you tell us what kind of tractor we can tell you what cab is available in our area. If I have the same model I would know of cabs available that you wouldn't know of. It's 300 bucks+ to ship one.

Did grandma refinance the farm for that building?

 

[dsimatt]

I really dont have nothing but hand tools, electric impact, angle grinder, and thats about it.


I do slow down but working in the woods take a toil on equipment. I was pushing logging slash and watching carefully and bam..a limb went straight under the little grille guard and nearly took out the radiator if it wasnt for the battery

I understand wanting to protect your investment and its smart to do because I've seen guys wreck stuff because something stupid happens.

The thing is that you are spending a lot of money that you don't have, on something that won't make you money.....you can't count on inheriting the land because that could be many years out or not even happen.

You need to sit down with your grandma and be honest that the things expected to be done aren't possible with what you have and unless she can help out with some costs then it needs to be scaled back or postponed till you can afford what you need.

 

[67King]

Some of my family members (great uncles) made a LOT of money in timber in South Georgia, which is where I'm assuming based on the 912. Since your grandmother owns the land, and it is revenue generating, I would approach her with your needs and plans, and ask that she extend you an interest free line of credit for investment in things you need to have to manage her land.

 

[Empty Pockets]

If you are determined to buy these tools, you might be able to save some money, checking auctions in your area. You may need to travel a little bit, but there are some bargains to be had, out there.

Many of my tools have come to me via the secondary market, and have served me well. Whatever you do, don't get in over your head, financially.

Good luck

 

[Sasquatch912]

Can you elaborate on why you need tools and what the financial return of having those tools will be?

What I think I understand is the following:

1) You support your Grandmother's land providing $X of value per year requiring $Y investment in tools (or $Z in annual debt payment for tools)

2) You wish to do side jobs to earn $X per year requiring $Y investment in tools (or $Z in annual debt payment for tools)


I think it is great that you want to get stuff done, take on side jobs & help your Grandmother, however if you want to buy expensive new equipment (or worse, borrow to fund said equipment) you really should decide if this is a value creating opportunity or just fun.

If you are creating more value than the time you put in plus the tools, by all means invest, or borrow.

If it turns out value created doesn't justify all the fancy new tools, try buying used / good enough tools or doing without for a bit.

Even with the best of intentions, it is really easy to get over your head in debt.

Good luck!

I need a welder to weld on equipment if it breaks..need to weld new metal on my rotary mower for example as well as building a cage. Air compressor to work on equipment..especially changing rotary mower blades.

id like to have a plasma cutter because again I need to build a cage/skid plate and I may start fabricating various things.

oxy-ace would be ok I guess..theyre just a PITA when the tip gets clogged and its splats back a lot in my experience.



This is the general amount my grandmother makes off the land a year between farm/hunt lease...estimate $15,000-$16,000.

Timber harvesting is not yearly...itll be years on return. Thinning can bring in various amount. Clearcutting brings in a big return.

Though we're going to plan to start raking pinestraw which will bring in return.

I am also planning to do maybe an acre of pecans...wont make a fortune but hopefully a small return.


I want to do side jobs consisting of food plots or mowing/harrowing.


I also have a hydraulic circular saw which I clean fence rows thats mounted on my tractors front end loader buckey...but the **** is dangerous without a cage. But we got it because we were losing acreage of farm fields to tree limbs. i possibly can get jobs do this for people.

 

[Sasquatch912]

If you tell us what kind of tractor we can tell you what cab is available in our area. If I have the same model I would know of cabs available that you wouldn't know of. It's 300 bucks+ to ship one.

Did grandma refinance the farm for that building?

John Deere 5205 MWFD.


No the building was purchase by timber money to use on taxes

 

[Sasquatch912]

Some of my family members (great uncles) made a LOT of money in timber in South Georgia, which is where I'm assuming based on the 912. Since your grandmother owns the land, and it is revenue generating, I would approach her with your needs and plans, and ask that she extend you an interest free line of credit for investment in things you need to have to manage her land.

Yeah thats where I am.

I really dont want to be a burden on her.

Though...she could use this on her taxes for this year.

Shes from the Depression Era..so...she is the type that ask if I really need it.

 

[Sasquatch912]

Agreed, if I was in the situation I wouldn't be buying that stuff new or paying top dollar. IMO Craigslist is the way to go; nothing you need to cut to make a cage requires a plasma cutter.

I'd spend $3-500 on a used MIG, get a cheaper bandsaw, good angle grinder, and some consumables. Well under a grand there and all you need for it. Assuming you have a vise and a hammer lol.

True.

I wanted the 3 in 1 welder but then I guess it doesnt hurt having multiple welders

 

[dsimatt]

Yeah thats where I am.

I really dont want to be a burden on her.

Though...she could use this on her taxes for this year.

Shes from the Depression Era..so...she is the type that ask if I really need it.

With the amount of money you are looking to invest, this is business and you can't risk your future trying to do all this for her.

She can buy things as tax write offs or maybe pay you but right now its not fair to expect you to bankroll all this just to help her out.

 

[crane operator]

.she is the type that ask if I really need it.

What the guys on here are trying to say, is you don't need to spend the $5,000 on tools that you have listed.

If you have troubles cutting with a torch, you just need to do it more. Tools can't replace skills.

You can make a cage and fix the mower with a torch, welder, grinder and a drill. Plenty of people here have fixed way bigger stuff with much less equipment than your looking at.

Used tools, do exactly the same thing that new tools do.

$500 will buy a used welder, $50 for a grinder, $50 for a drill. $200 will buy a torch set. Plasma cutters need air and tips. Torches need oxygen and acy. or propane. There's no free lunch.

Actually I think a torch is way more useful than a plasma cutter. If you've got bent up or rusty metal (like on repairing a mower) the torch is much more useful.

Then again, maybe you just should sell the plastic tractor, buy a old 4020, use the difference in $ to buy the tools, that you then won't need, because its a steel, not plastic, tractor.

 

[T45]

OP I would think about some of the comments here, not about the details but the broad brush-strokes of your plan. So, here are some thoughts:

1) Since you don't have investment capital, you will need to approach 3rd parties. You can either ask for debt or gifts, but regardless you need a liquidity source outside of your own finances to make these investments.

2) What is an investment? In general, and investment is something that will yield financial returns--that will contribute to future revenues. The general rule of investments is to expect more financial returns than your initial investment. This is so-called RETURN on investment. Mentioning this because anyone you ask about investesting WITH YOU will want to see return on THEIR investment--even if the return on your own investment is small or doesn't happen.

3) This leads to the basic structure of debt--which is repayment of initial load PLUS interest (return). In the case of risky loads made, it also means COLLATERAL such as a security interest in your liquid or long-lived assets (eg, truck loan or house mortgage).

4) If you are not very careful, COLLATARALIZED debt obligations can lead to the loss of your main possesion such as your tractor, property etc.

5) This is why you need an actual business plan--with RETURN on investment sufficient to repay debts WITH INTEREST.

Any third partY you ask for investment will be familiar with this basic structure--so you should be fluid and comfortable discussing it. The main issue you will face is that you will need enough business jobs potential to pay off 10-20K+ in debts over say 2-5 years.

If you don't have clear line-of-sight to this kind of external revenue opportunity, I would limit the people you approach to your Family and others who likely won't demand perfected security interests in your property (especially) as collareral...

So I agree with the others you may want to ask the people who ALREADY own the land to help you pay for its upkeep. Either by contributing (gauranteed) revenues to your business plan, or providing private capital for your investments (unsecured and with modest interest expectations.)

Ok, those are just some quick thought on this thread.

Good luck whatever happens.

 

[cheechi]

so then use her logic. Do you really need it?

the tractor and truck have tires. Tires need air. Do you really need a Quincy 5HP comp or could you make do with the 60 gal bel-aire from HF?

You need to cut metal, do you really need the plasma or are other tools going to get the job done?

Do you really need either of the welder carts or could you fab up one? or just use a table or sit it on the floor in the short term?

You want my opinion, you need to create a tool budget from your monthly earnings and buy what you need from that. If you can't afford it out of pocket, and have decent credit, you can check out the many (sears, tractor supply, lowes, hd etc) store credit cards that give you 0% for x months offers.

Grandma needs to give you the number for her accountant that can answer these questions for you in probably 5 minutes. Does she need it and can she afford it? Take you out of the picture until you are on paperwork either as an employee with an ownership stake or outright owner. Helping out family is nice but you need to have something on paper regardless. Is this land willed to you? Do you have the cash saved up to pay the taxes when you inherit it? How long is it going to take for you to save that up and/or that amount to be paid to you (basis for a salary) from the land's earnings?

would the side jobs be part of the balance sheet for working the land, since all of this is going towards that, or would you benefit from it solely while the business of being the landowner sees no benefit?

There is not a single person here who thinks it's a good idea to go into debt or pay interest on harbor freight tools. Take this advice to heart. You need to slow way down and talk to an accountant.

 

[Sasquatch912]

With the amount of money you are looking to invest, this is business and you can't risk your future trying to do all this for her.

She can buy things as tax write offs or maybe pay you but right now its not fair to expect you to bankroll all this just to help her out.

true, she says she'll help but im the type where I rather do it..

ill think about it and talk it over with her more.

she is waiting for her taxes to get done.

 

[Sasquatch912]

What the guys on here are trying to say, is you don't need to spend the $5,000 on tools that you have listed.

If you have troubles cutting with a torch, you just need to do it more. Tools can't replace skills.

You can make a cage and fix the mower with a torch, welder, grinder and a drill. Plenty of people here have fixed way bigger stuff with much less equipment than your looking at.

Used tools, do exactly the same thing that new tools do.

$500 will buy a used welder, $50 for a grinder, $50 for a drill. $200 will buy a torch set. Plasma cutters need air and tips. Torches need oxygen and acy. or propane. There's no free lunch.

Actually I think a torch is way more useful than a plasma cutter. If you've got bent up or rusty metal (like on repairing a mower) the torch is much more useful.

Then again, maybe you just should sell the plastic tractor, buy a old 4020, use the difference in $ to buy the tools, that you then won't need, because its a steel, not plastic, tractor.

i can cut good with a torch...its just a PITA with splatter everywhere.

i guess i could always buy a plasma later if i have to.

the tractor cant be sold. still is the banks

scared buying used welders to a degree

 

[Sasquatch912]

so then use her logic. Do you really need it?

the tractor and truck have tires. Tires need air. Do you really need a Quincy 5HP comp or could you make do with the 60 gal bel-aire from HF?

You need to cut metal, do you really need the plasma or are other tools going to get the job done?

Do you really need either of the welder carts or could you fab up one? or just use a table or sit it on the floor in the short term?

You want my opinion, you need to create a tool budget from your monthly earnings and buy what you need from that. If you can't afford it out of pocket, and have decent credit, you can check out the many (sears, tractor supply, lowes, hd etc) store credit cards that give you 0% for x months offers.

Grandma needs to give you the number for her accountant that can answer these questions for you in probably 5 minutes. Does she need it and can she afford it? Take you out of the picture until you are on paperwork either as an employee with an ownership stake or outright owner. Helping out family is nice but you need to have something on paper regardless. Is this land willed to you? Do you have the cash saved up to pay the taxes when you inherit it? How long is it going to take for you to save that up and/or that amount to be paid to you (basis for a salary) from the land's earnings?

would the side jobs be part of the balance sheet for working the land, since all of this is going towards that, or would you benefit from it solely while the business of being the landowner sees no benefit?

There is not a single person here who thinks it's a good idea to go into debt or pay interest on harbor freight tools. Take this advice to heart. You need to slow way down and talk to an accountant.

i was debating about the HF air compressor but saw many people recommend against it

 

[67King]

At the risk of sounding like a *****, I'll say this. You asked for suggestions. You seem to be dismissing most of the suggestions people are making. So what you are really asking for is people to support what you want to do? I'm sorry, I know I sound like a *****, but it frustrates me when I am asked for my opinion on something (not here specifically, in general, such as from a family member), and the person asking for it gets all torqued off or dismissive. I'm not trying to, but instead of dismissing so many ideas thrown at you, why don't you seriously contemplate them? I'd bet everyone answering is older and more experienced at fiscal/resource/debt management than you are.

So basically......if you don't want opinions, don't ask for them.

 

[Heavy Metal Doctor]

Working with all of the pro-shop sized / level tooling for years, I understand the desire to have this stuff available for the home-shop / tractor / land care projects....I too have put a tree limb into grill of my tractor while clearing some my place. I get the frustration. I slowed my working pace down and have done many hours work since without another incident.

But here's my 2 cents on the shop tools:

You can cut a lot of steel with the thin wheels used on an electric grinder. Wheels do cost a few bucks each, but you can get a lot of work done to bring money in before you shell out plasma kinda spending.

You weld pretty decent beads with a cheap 110V flux core mig machine you could buy for a under 300 bucks.

Unless you are painting cars and running tons of other high consumption air tools, a basic 110V compressor will serve you very well.

IMO, buy what you need as the need arises and you'll be fine.

 

[A_Pmech]

The questions you're asking suggest to me that you're not an experienced fabricator.

We all have to start somewhere, but if the main purpose is to take care of the land, you'd be dollars ahead to have someone else do the fabricating and repair work you're talking about. For the amount of money you want to spend on a welder and plasma cutter, you could have a local shop build a complete cage for your tractor and have money left over for them to do the next repair.

In the meantime, there are plenty of used welders on Craigslist for couple hundred bucks to get you started.

 

[Sasquatch912]

At the risk of sounding like a *****, I'll say this. You asked for suggestions. You seem to be dismissing most of the suggestions people are making. So what you are really asking for is people to support what you want to do? I'm sorry, I know I sound like a *****, but it frustrates me when I am asked for my opinion on something (not here specifically, in general, such as from a family member), and the person asking for it gets all torqued off or dismissive. I'm not trying to, but instead of dismissing so many ideas thrown at you, why don't you seriously contemplate them? I'd bet everyone answering is older and more experienced at fiscal/resource/debt management than you are.

So basically......if you don't want opinions, don't ask for them.

i am taking suggestions. where does it look like i am not?

i just pointed out about the HF Compressor..though if anyone has one on here....is it ok? Ive just read negative reviews about the HF air compressors. Just like to spend the money right the first time.

i mean would you get it or spend money on quality?


people said on here to let my grandmother use her money since she is the one making money and not me.

i said i really dont want to but i may consider it.

 

[Fcvapor05]

i am taking suggestions. where does it look like i am not?

i just pointed out about the HF Compressor..though if anyone has one on here....is it ok? Ive just read negative reviews about the HF air compressors. Just like to spend the money right the first time.

i mean would you get it or spend money on quality?

people said on here to let my grandmother use her money since she is the one making money and not me.

i said i really dont want to but i may consider it.

If I'm liquid, then sure, I'd rather have nice stuff... but buying a depreciating asset with a loan is not a sound decision if it can even be avoided, and in this case, it absolutely can.

I'd buy a compressor from Harbor Freight all day before I'd buy a nicer compressor that I had to acquire debt to pay for.

Debt is not money. They are not the same. Do you really want to pay $4,000 for a $1,000 compressor? If you buy it with a loan, that's what you'll be doing.

If your Grandmother is using expenditures on this land that generate profit as tax write-offs, she is operating a business- and you are her employee.

When I need parts or tools or equipment at work, I don't take out a loan and buy them on behalf of the company. I go to the guy holding the purse strings, and I tell him what I need to do my job. He either buys it, and the work gets done, or he doesn't, and the work doesn't get done. This situation is no different.