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All Forum Posts by: Jay C.

Jay C. has started 10 posts and replied 35 times.

Post: HELOC on investment property.

Jay C.Posted
  • Investor
  • Fort Worth, TX
  • Posts 35
  • Votes 7

As a follow-up, Pen Fed came through on the HELOC on a rental investment. The home needs to have your homestead associated with it.

I have a HELOC at 4.75%. Hope you all have successes with it too.

Post: HELOC on investment property.

Jay C.Posted
  • Investor
  • Fort Worth, TX
  • Posts 35
  • Votes 7

I'm looking in Texas for a HELOC and PenFed has been the only one that has responded with a yes for HELOC on an investment property. Any fellow Texans have success getting a HELOC from a bank?

Thanks

Post: Is it me or are plumbing costs bonkers!??

Jay C.Posted
  • Investor
  • Fort Worth, TX
  • Posts 35
  • Votes 7
Originally posted by @Joe Splitrock:

@Jay C. I had a house last year and it cost $6000 to do something similar. Of course our pipes are much deeper here due to freezing, so it involved a back hoe to dig. Estimate was $5K but they ran into "troubles".

Yikes! those are step prices. I went with the plumber that @John Morgan recommended and he did it for $900 in 1 day. That was back in Feb, so we've been incident free since then.

Post: Is it me or are plumbing costs bonkers!??

Jay C.Posted
  • Investor
  • Fort Worth, TX
  • Posts 35
  • Votes 7

@Greg M.

I guess I should ask if they would work with me if I had it dug up myself. If it's digging for an existing main line , how deep and wide should I dig around the main line?

Post: Is it me or are plumbing costs bonkers!??

Jay C.Posted
  • Investor
  • Fort Worth, TX
  • Posts 35
  • Votes 7

@Rocky V.

Thanks Rocky, I did call the city...3 times and they are saying it's all on my property side so they're clear from any responsibility.

Post: Is it me or are plumbing costs bonkers!??

Jay C.Posted
  • Investor
  • Fort Worth, TX
  • Posts 35
  • Votes 7

@Adam Christopher

I considered this, but is it really as tricky as they are saying with the roots, water line and needing to go out horizontally 8 ft in order to get sone working space? I was quoted $100 a foot to hand dig. This isn't hard clay to move either.

Post: Is it me or are plumbing costs bonkers!??

Jay C.Posted
  • Investor
  • Fort Worth, TX
  • Posts 35
  • Votes 7

@Mike Waldon tha is Mike, I'll call them first thing in the morning

Post: Is it me or are plumbing costs bonkers!??

Jay C.Posted
  • Investor
  • Fort Worth, TX
  • Posts 35
  • Votes 7

Hi all,

I have a rental property in Fort Worth home (I'm an accidental landlord) that is almost 100 years old. The PVC going out of the house was replaced new in 2011, but the plumbers who installed didn't do a great job. I just found out this last week that after the house's clean-outs were overflowing with water due to the backup that there was an issue. 

I got a plumbing company to come snake it out and they did a camera view and saw that the connection from PVC to the City Drain has a short clay pipe still there...thus with the ground shifting the PVC no longer drains clear to the City Drain. The PVC is 3' from the ground and the City Drain in the alley. I'll need to get a plumber to dig up the area and connect the PVC to the City Drain that at 3' and get rid of that clay pipe. 

My question is how much should that cost? I've had a wild wide range of quotes and my estimates are on the conservative side since it is a short space to connect to. But the City Drain is near the water line, a tree and the gas line (albeit gas was cutoff to the house). 

Additionally, if you know any plumbers who could do this type of work, I would greatly appreciate it.

Any help would be wonderful.

Thank you in advance.

Post: Mold or mildew spots under laminate floor. Concerns?

Jay C.Posted
  • Investor
  • Fort Worth, TX
  • Posts 35
  • Votes 7

@Eric Mayer I was thinking along those lines as well, but haven't dealt with mild or mildew on concrete before.

Thank you for the MVP suggestion

Post: Mold or mildew spots under laminate floor. Concerns?

Jay C.Posted
  • Investor
  • Fort Worth, TX
  • Posts 35
  • Votes 7

@Ryan Short I'll email you some pictures.

Thank you