another day
Good month this month. All rents were in by the second. Did have to go replace a toilet at the new place. It was a continuing problem. A thorough cleaning with muratic acid would probably have fixed the old one, but I didn't want to spend a couple of hours over there dealing with it. The old one will get cleaned up when I get a chance and wait around for a future application.
The refi continues to drag. Turns out having an individual as the hard money lender rather than some entity is a major problem. At least one bank has said they want one year seasoning with an individual as the note holder.
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3 months ago
Jon -
Is that a new problem you're seeing with your HML?
3 months ago
Hi Jon, how much do you spend on your toilets? Do you go lowest end or...?
3 months ago
Yes, this is apparently a new guideline for banks to refi the existing loan. Haven't bumped into it before, and neither has the mortgage broker. She originally said this would take 4-6 weeks, but we're over six weeks in and effectively aren't even started.
Just basic toilets from Lowes. It was about $60. This house has two baths, and I replaced one of them with a basic one from Home Depot during the rehab. I wasn't very happy with the quality of that one, though. The tank bolts had wing nuts, and they didn't fit very well. I ended up having to buy replacements. And, the tank doesn't adapt vrey well to the bowl. This one seems a bit better made.
You can easily spend hundreds on a "nicer" toilet. But I'm sure it would not affect the rent one penny.