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.
Comments (3)
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.
Jon Holdman, about 16 years ago
Hi Jon, how much do you spend on your toilets? Do you go lowest end or...?
Jon Klaus, about 16 years ago
Jon - Is that a new problem you're seeing with your HML?
Joshua Dorkin, about 16 years ago