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All Forum Posts by: Daniel Hennek

Daniel Hennek has started 0 posts and replied 217 times.

Post: Removing paint from wood floors

Daniel HennekPosted
  • Lender
  • Lewis, CO
  • Posts 218
  • Votes 159
Originally posted by @Jim K.:
Originally posted by @Daniel Hennek:
Originally posted by @Jim K.:

@Daniel Hennek

Once we start with the family history...oh boy.

The biggest problem with YouTube is that anybody can post on it. See anything wrong with this video?

How to Sand An Old Wood Floor

 So I was right, you just wanted to build yourself up by breaking someone down my "family history was 2 sentences and it was to make the point that watching is valuable I doubt you disagree.  In any case, I hope you feel better. Good on you big guy

Daniel, that's not what I meant. As you might imagine, I too have an extensive family history doing this, some of it's in my profile description. My dad, however, was a mechanical engineer and a rather poor hobby woodworker. His dad was a banker who looked down on anyone who worked with their hands, and his dad was an army officer with the same sort of class-based prejudices, so my family history is not as direct as yours. I too suspect, as Steven said, we'd get along great in real life. I do not feel better that you feel insulted. I am not knocking your knowledge base, I was generally curious if you'd ever refinished an old wood floor.

Sorry I took it the wrong way (removing foot from mouth).  I appreciate the tone of your response.

I've refinished one old wood floor myself, the other floors I've done I had to just tear up and get to concrete or plywood.  Rented a stand up random orbital and stood there countless hours.  Not something I would enjoy doing again, I'd get some younger guys to follow directions if I ever did it again. I prefer smaller woodworking these days, clocks, jewelry boxes, cutting boards, etc.

I will concede your point about YouTube videos from DIYers.  I watched the video you posted, which was pretty funny and ended up getting caught in the YouTube vortex for 30 minutes!  

I enjoyed this guy 

https://www.youtube.com/watch?v=mHiF8xwjRGI

Post: Removing paint from wood floors

Daniel HennekPosted
  • Lender
  • Lewis, CO
  • Posts 218
  • Votes 159
Originally posted by @Jim K.:

@Daniel Hennek

Once we start with the family history...oh boy.

The biggest problem with YouTube is that anybody can post on it. See anything wrong with this video?

How to Sand An Old Wood Floor

 So I was right, you just wanted to build yourself up by breaking someone down my "family history was 2 sentences and it was to make the point that watching is valuable I doubt you disagree.  In any case, I hope you feel better. Good on you big guy

Post: Removing paint from wood floors

Daniel HennekPosted
  • Lender
  • Lewis, CO
  • Posts 218
  • Votes 159
Originally posted by @Jim K.:
Originally posted by @Daniel Hennek:

Sounds like some YouTube can help you out. You're getting answers all over the place and some of them not good at all. There are lots of ways to refinish a wood floor and it sounds like your going to need to do the whole thing and not just where the paint is.  Watch a few videos.

Well, it's not exactly a cacophony. And it turns out that this is a great opportunity to illustrate something interesting about DIY. Why are there multiple answers to the same question, and why do they sometimes conflict?

Here are some of the people talking about this here: I'm a handyman working in my own old, beaten-up C'class properties in western Pennsylvania. @Matt Clark is (please correct me if I'm wrong, Matt) a high-volume property manager who has been in this for over a decade and also worked as a handyman before he stopped. @Mike Reynolds is (please correct me if I'm wrong, Mike), a GC who had filled multiple roles on teams working in new construction and renovation for decades. I don't know @Account Closed at all, but he's giving a good answer here. All of us have different takes on the problem.

Denatured alcohol softens latex paint, turns it into a putty. So does TSP, but not as effectively. What TSP also does is work on heavily soiled areas, including residues of old oil-based paint. The newest property I own is over 45 years old. Even getting my start in Athens, Greece, I worked in poured-concrete masonry apartment buildings. I use oil-based primers and paints on a lot of problem surfaces much more frequently than people working in newer construction. So when I see a paint stain on a floor, I tend to reach for what I know as a general paint cleaner, TSP. When Frank see it, he reaches for acetone (nail polish remover), which is also a strong general solvent, or rubbing alcohol, isopropanol, a less powerful but still highly effective solvent and cleaner.

I talked about green scouring pads, Kris talked about Scotch-Brite. They're the same thing.

I said "a small scraper" because I actually meant a 3/4 in. putty knife, a little guy you can get a lot of pressure behind. Since I'm using TSP, the paint will tend to come off in flakes, not turn into soup. Kris, using alcohol, warns against that. Kris talks about keeping the rubbery putty softened by denatured alchohol out of gaps in the flooring if you use a putty knife.

Mike goes deeper into denatured alcohol, the green and the clear. The green works better as a cleaner. He doesn't know why. Because I was on my high school's trivia team and still enthusiastically collect useless facts, I DO know why. An increased amount of methyl (wood) alcohol, a more powerful solvent than ethanol, is mixed into green alcohol to denature it. If you drink green denatured alcohol, you'll go blind. What's mixed into clear denatured alcohol to denature it is mostly concentrated ipecac extract, stuff to make it stink and taste very bad. This is typically why it takes a much higher dosage of clear denatured alcohol to suffer permanent negative health effects, and you'll be vomiting faster ingesting a similar amount of clear versus green alcohol (kids, don't try this at home!). BTW, in the USA, it's green. In other countries, it's a different color. Greece's is blue, Italy's is pink. Clear is 97% ethanol, colored is 92% ethanol.

The OP got different answers about sanding, too. All my hardwood floors are either 90-year-old+ heartwood pine or white oak. I refinish for utility, not for appearance. I would be going with coarser grades. Mike gives a more measured answer, with finer grades.So does Frank, who also refers to refinishing the whole floor.

Matt posted a link to a coarser paint stripping wheel that only goes on a drill, they make others that go on a grinder, and they're easily confused looking at product pages on a website. These are essentially very beefed up scouring pads. It's faster grinding out paint by machine than doing it by hand, and you can do larger areas without solvent. A grinder is faster and easier to use to do this work than a drill. That is probably the better solution to reach for in areas and situation where you have to avoid spreading stink and get the work done soonest, such as apartment buildings. It might not be as good in tight corners and tight along floor edges, where you often get the kind of drips the OP is talking about.

We're all different. with different ways of coming at the same problem that have worked for us in the past, and in my case, I will almost always give you an answer based on not-so-nice working conditions in old single-family properties that will get you to a good-enough solution. If you have an A-class or a B-class property that you're trying to DIY, much of my advice is a bit rough. Mike has worked much more than I have in different conditions, places where you might be dealing with softer wood flooring materials that can't take the same amount of abuse as a white oak floor that's survived 80, 90 years of being walked on.

What about you, Daniel? What's your experience doing this work? 

Seems as if you didn't like my comment and now you're challenging me?  Maybe not, but I'll bite because it's early and my coffee is hot...

I did my first complete remodel by my self when I was 25, flooring, cabinets, painting inside and out, counter tops (Corian I cut myself), new light fixtures, installing a new bathtub, tiling a new shower and lots more.  Bought the house with a mortgage I qualified for myself.  Bought the tools I needed for each job and did them myself with help from a friend only on certain things like mounting cabinets and setting the tub.

My grandfather was a die maker by trade and fine woodworker on the side, my other grandfather was a builder.  My father was a die maker by trade and still a fine woodworker.  I recently built a 4,400 sq ft shop on my property where I did the GC and paid framers, roofers, plumbers and electricians then I did the rest with cabinets, flooring, painting, compressed air system, air exchanger, trim, doors, baseboard, etc.  In that shop is a 1200 sq ft wood shop with automatic dust collection with gates, and more wood working tools than some professionals including a CNC table.  I can make or build just about anything one man can not only because I have the skills but the tools as well.

Doing all of those things was easier because I watched a lot of that type of work get done throughout my entire life.  Watching someone do it is a hundred times more valuable than coming on here and reading long winded posts.  Nothing against long winded posts.  I myself am definitely long winded, but it's not the best type of help for refinishing a floor when we have YouTube and 1,000 videos where you can watch someone do it.  People learn better watching because they like to talk or type much more than they like to read.

Post: another "poor millennial can't afford a house" article, critiqued

Daniel HennekPosted
  • Lender
  • Lewis, CO
  • Posts 218
  • Votes 159

One word... Budgeting.

I've reviewed somewhere around 7,000 credit reports with the corresponding conversations that go with each one.

People don't budget. They weren't taught. Blame highschool, their parents, themselves, or whoever. Budgeting is the single biggest factor in taking a step to the next level of wealth

Post: Should I finance through FHA or Conventional?

Daniel HennekPosted
  • Lender
  • Lewis, CO
  • Posts 218
  • Votes 159

Tom, you're much better off picking up the phone and talking to a pro. Most people commenting here are not lenders and I can tell you as an originator myself it's about a hundred times more efficient to just talk it out than going back and forth on a forum. Why don't you just call and have a conversion. These are the types of questions an originator can answers in fifteen minutes.

But something basic... If you've got good or even decent credit and at least 15% down then forget FHA it's way more expensive.

Post: Removing paint from wood floors

Daniel HennekPosted
  • Lender
  • Lewis, CO
  • Posts 218
  • Votes 159

Sounds like some YouTube can help you out. You're getting answers all over the place and some of them not good at all. There are lots of ways to refinish a wood floor and it sounds like your going to need to do the whole thing and not just where the paint is.  Watch a few videos.

Post: How much do Hard Money Lenders make?

Daniel HennekPosted
  • Lender
  • Lewis, CO
  • Posts 218
  • Votes 159

Definitely not easy. 

Find the next mortgage broker conference and you'll find a ton of hard money lenders trying to sell their products to brokers.

Post: Text Blasts as Lead Generator

Daniel HennekPosted
  • Lender
  • Lewis, CO
  • Posts 218
  • Votes 159

I'm wondering how many of you check the national DNC list every 31 days as required by law if you're telemarketing.

The FTC will gather complaints about an organization violating the do not call rules. The fine is up to $40,000 per number contacted, texts included, on the DNC list.  

If I get a cold call about a property I own I'm filling out a complaint form with the FTC and there are many people out there that will as well.  You should be checking any lists you get against the DNC list and making sure there's something the consumer did to consent, and that it's not expired. A prior business relationship allows you to contact for 18 months, an internet form only 3. Check the age of any list you receive.

I think you're much less likely to receive a complaint about a text because it's easy to ignore but the rules still apply and you're creating exposure for yourself.

Post: Loan Officer Questions?

Daniel HennekPosted
  • Lender
  • Lewis, CO
  • Posts 218
  • Votes 159
Originally posted by @Jorge Uribe:

@Andrew postell are there still many lenders who allow transfers to LLC's?

 There never were "many" and agency products do not allow it.  

If you look at agency(fannie/freddie) guidelines they tell you that you can't close in an LLC and if transferred to an LLC they can call the whole note due.

There are still lenders out there that will allow it but since agency products don't allow it the products are very limited and investor specific.

Originally posted by @Tanya Guerrero:

Hi - for the person that got that "repair allowance which was reflected on the closing sheet" - - I wonder what tax implications are for the seller.  In my case - I will be the seller very soon and I have a feeling that the question will come up about this.  My property is no where as big as what you are used to dealing with but I guess the same IRS rules apply  :)  Thanks! Tanya

 I'm not sure how many accountants or tax professionals are on this forum and you shouldn't be taking tax advice from other people, nor should they be giving it if they aren't an accountant.