All Forum Posts by: Josh C.

House wrap, then windows, then siding

Flashing you windows correct is really important for long term water proof house. Make sure the house wrap and window guy are good at water proof details. Super important.

Also, new construction windows are easier and cheaper typically than replacement style ones and work well when doing the siding afterwards if your trim allows it.

Good luck

Looks like the contract says that’s what you have to do, if it’s been 30 days you should remove contingency based on what you posted. In fact if you don’t perform they might have a case to keep you EM even if you don’t sign anything as it’s was been the 30 days.

Whenever we sell something we put clauses like this in because nothing is worse than wasting 30-45 days with a buyer only to have it fall through. Sometimes the EM is hard after inspection. Sellers want paid (damages) for buyers wasting their time. I know I do.

@Mike Adams

Thumbtack for a boiler? I’m not in your market so maybe everyone is awesome out there, but in Indianapolis I’d rather ask a stranger off the street to babysit my kids, then someone off these type sites work on a steam boiler. It’s something that needs does well and balanced or your efficiency goes down or might not even work right.

Also, most amateurs would not know how to purchase the correct one. The new one will be likely way smaller with different volume.

If not totally rusted you can probably fix it, as said much better above than me.

@David Machado

I agree with David on this, unless you get water down there sometimes, then lay tile over it. Encapsulation is totally acceptable and safe. No problem having kids etc playing down when you are finished. If you want to go the extra mile. Paint the existing floors first with a encapsulation paint to really lock down everything. Fiberlock makes a product made for this.

Nice one. Was this listed or how did you buy it so we’ll?

Also, what cap rate did the refinance appraiser use?

Each on these problems just represents a opportunity. I’ve bought knob and Asbestos siding and foundation collapsing and mold and beg bugs etc. don’t run from problems as they all mean money because most people think think like this post is written. Some electrican said it’s expensive to rewire a house? Yes, it is, but not if you can make 80k on a deal. Then, a 8k rewire doesn’t sound that bad. I’d focus on solutions and numbers and not on buzz words and fear.

I once bought a house for 7k because the foundation was failing and everyone was scared to even walk inside. Fixed it for 20k and did nothing else and resold for 50k in about 6 weeks.

If you comb through BP there will be tons of these examples with others who made way more than me. Fear should not decide what you do. Get educated and understand what things cost to fix and make your decision based on that info instead on if a house has bugs and your spouse thinks it’s icky. Icky is where all the money is. Embrace the icky. 🤢 = 💰

@Carlos Gonzalez

Well you are in luck my friend. This is the golden age of information. In 30 minutes or so and YouTube/google you’ll be a pro.

Seriously, it's a big subject that I'm not smart enough to defend, but the biggest reason I decided against it was I went from one LLC that onwed several things into several LLCs that owned one thing each. Also, percentage of debt was an issue and debt structure. Either-way, get YouTubing and get smart about it. The one I did gave me a very large write off on a building I owned 6 months wiping out some pretty big gains. I think 1031's has its place. If you are truly going like for like and your selling in a LLC that just has one thing and that LLC will own the new thing it's probably the best vehicle, but if there are more layers to the transaction or partnerships etc it gets messy fast where cost seg is clean, yet has its own downsides. I went more in depth than I wanted. Lol. Check out the internet and learn from people much smarter than I on the subject.

@Steve K. All good points. But personally I like the idea of government funding nuclear or other technologies that will make a big impact vs government funding low impact tech only affecting new developments making a drop in the buckets. But you are right. Government has his hand out often.

@Steve K.

Those aren’t real prices. Those are subsidized prices!

That’s my whole point. They aren’t cheap, and zero chance an average person is getting a net zero house built for 385k without a city/state/fed chipping in. Tax payers are paying the difference. Tax abatement or the EPA credit etc. this is the only thing that made sense when I sold solar fields. 20% tax credits and our local utility would buy your energy at 28 cents a KWH. Two year pay back is fairly tales even 5 year is not real numbers. Those are subsidies or tax money creating these pay backs. So maybe the cost to consumers now, but not the real costs. Real costs are likely double or more with real payback at like 20 years just as the system needs replaced. It’s great for the developer and great for the low/middle class end buyer and bad for people who pay taxes.

Anyway, this new law would only make a small dent in clean energy is that’s the goal. New homes make up a small load on the grid. Existing stock even is small. Manufacturing and hospitals use magnitudes more than energy than all the houses (at least that true in my area when I sold solar projects to manufacturing companies). Seems if your goal is clean energy this is will make the smallest difference and add expense to new housing to both owner and renter in a city where rent and housing has already triple in the last ten years.

@Mary M.

Change is coming for sure I just hope it’s done logically and actually help full. If politicians who tell the loudest who have zero how this stuff actually works and the major short comings of some of these renewables are (AOC comes to my mind) are in charge it’s going to be a insane waste of money.

Forcing net zero housing on people is going to one of two things. Increase the cost of living for low/middle class or give the cost to the tax payers due to subsidies.

If you look at Europe they live different than most of America and I’ll bring up what Germany did trying this. I would be like France though. Aren’t they like 90%+ nuclear? Changing infrastructure helps everyone especially the older stock and manufacturing where most of the bigger users are instead of just the new construction.