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All Forum Posts by: Don Hines

Don Hines has started 38 posts and replied 607 times.

Post: BP conference

Don HinesPosted
  • Investor
  • Little Rock, AR
  • Posts 628
  • Votes 251

Amen Rich.
I wished I was going. I would love to meet you.
Don

Post: stalling bath tile

Don HinesPosted
  • Investor
  • Little Rock, AR
  • Posts 628
  • Votes 251

@Just Don It is finally sinking into my hard head that I am too slow at projects like this too. I watched the guys lay tile and carpet my whole project in one day. I have missed too many fishing oportunities to DYI everything.
Don

Post: SD IRA help

Don HinesPosted
  • Investor
  • Little Rock, AR
  • Posts 628
  • Votes 251

I have only checked with Guidant. They want to set up a "C" corp for me that invest back into a 401k. It sounds more like spinning my money around rather than rolling it over. LLC will not work with their program.
My thoughts were to "sub" corporations out of the "C" corp.
Don

Post: Do you add a fridge to your flips?

Don HinesPosted
  • Investor
  • Little Rock, AR
  • Posts 628
  • Votes 251
Originally posted by Ed Lee:
always stainless... cost is minimum, and buyers associate stainless with being expensive.... 'even if its just cheapo frigidaire"

Hey!!!
I resemble that remark!!
Don

Post: First Mobile Home - Deal - Cancelled!

Don HinesPosted
  • Investor
  • Little Rock, AR
  • Posts 628
  • Votes 251

Sorry to hear this bad news.
When I buy or sell realestate (never have done a mobile home), a financing contengency is always included. I have not read the contract you mention. If you could mention any clauses or contengencies, you might get some more help.
"Unforseen Circumstances" ain't enough reason for me to give any earnest money back.
Don

Post: Can I Bring Less Money to Closing of Fannie SFH

Don HinesPosted
  • Investor
  • Little Rock, AR
  • Posts 628
  • Votes 251

I got hardnosed about the "lock change" fee on my last Fannie Mae purchase. The first time it appeared was on the HUD 1. I already felt like they were chicken doo doo by telling me how much I could borrow. My closing attorney paid the lock fee so the deal would go through. That is the only thing close to a concession I have ever got from Fannie Mae.
Don

Post: Another Squirrel story

Don HinesPosted
  • Investor
  • Little Rock, AR
  • Posts 628
  • Votes 251

I didn't tear up the shoe too bad. I am hard of hearing as it is. The echos in the vacant house made it difficult for me to decipher where the noise was coming from.
Don

Post: Another Squirrel story

Don HinesPosted
  • Investor
  • Little Rock, AR
  • Posts 628
  • Votes 251

I had to evict Mamma and her babies last Spring. Now, just as we are about ready to put this one on the market. She has made another appearance. I found a new hole and explored it and removed her new nest before the babies arrived.
I thought that was the end of it. But, a couple of weeks ago I started hearing noises that I interpreted to be squirrels either fornicating or having the babies. I have really been depressed because the house is so close to ready other wise and the location of these noises I heard indicated I will have to tear out some sheet rock. My wife confirmed that she heard the little buggers too.
Yesterday, when I completed some appliance installation, I heard them in the kitchen. I have never heard them before in there. They had to have traveled through the attick or walls to be where I heard the noise. So, I sat in the attick with my pellet pistole looking forward to the squirrel and dumplings I would have later on. Nothing no noise new nest; nothing. As soon as I resumed work, I heard them again.
This story could get real long if I told you everything I did for the next hour. I was commited to shoot through the wall if I could pin point them. When I realized they were following me around the house and only made noise when I moved around, I reasoned it must be me.!! I discovered my shoes were pooting. I put some Doctor Shole's inserts in a couple of weeks ago; just about the time I started hearing the squirrells fornicating. I removed them just to be sure and the squirrells went away. I even showed the wife that I could repeat the noise at our house too.
I had to take my shoes apart to understand why this was happening. Rubber in the shoes in contact with rubber in the inserts will make a poot that sounds like what you would think a squirrel giving birth sounds like.

Don

Post: What do you think - Copper or CPVC?

Don HinesPosted
  • Investor
  • Little Rock, AR
  • Posts 628
  • Votes 251

I like PEX and Shark Bites. I don't trust my self with a torch in those tight areas.
Don

Post: Gas v. Electric Water Heater in Rental

Don HinesPosted
  • Investor
  • Little Rock, AR
  • Posts 628
  • Votes 251

I am in the habit of pulling the gas heaters out and replacing with electric in my rehabs. It gives the inspectors less issues to write up.
In my current rehab, the gas heater flue ran up the service wall which was between the kitchen and master bath. I was in there for other purposes and notices the flue was duct taped together over forty years ago. The tape was deteriated to the point to where carbon monoxide had to be escaping throughout the wall and into the attick at the least. I feel there was a potential for big problems in the future if it was left as is.
I just feel better with the electric heaters.
Don