All Forum Posts by: Jim Adrian

@Travis Martin

I just did a quick search on Home Depot and they have some but not always stock item.  Stop in the store and talk to the guys there. 

@Ashley Pohlman

You may only see 60%-70% Loan To Value (LTV) ratio on an investment property. It looks like your 67% = 312,000/460,000. You will need a bank that works off 70% ltv which may gain you a ~10k heloc. Large banks like Wells Fargo require 60% ltv which is why you may have been declined.

https://www.calcxml.com/calculators/how-much-can-i-borrow-from-my-home-equity-heloc?skn=#results

https://www.bankofamerica.com/mortgage/learn/how-to-calculate-home-equity/

Reminder her the lease relevant to the property she is occupying.   Send her a late notice and reminder her you will evict her in accordance of the law.

You need to review your states "Landlord - Tenant Laws" to know your rights.  I suggest printing them out and making notes, highlight key items, etc on them to give you a better understanding of the laws.

Wait till a turn over in a unit. Its way less disruption on the tenants.  This allows you to save up some capital.

What did you to the concrete floors?  If you just washed them then the smell is embedded into the concrete (its porous).  You need to seal up the concrete.  You need to stop vapor transmission.  You might need something more than just paint.

http://www.ardexamericas.com/en-us/Products/moistrem/Pages/MoistureControl.aspx

Another site that does is erentpayment. I know I just said a dirty word but I have had good service with them.

http://www.experian.com/rentbureau/rental-payment.html

@Nathan Gesner

Are you able to share your "holdover fee" language?

The student will most likely be using student loan money to cover rent.  I know I did back in the day.  I didn't have a job either.   If you are really worried about it put them on a month to month lease.  Have you confirmed the pool tech is seasonal?

@Aldin Tirak

No need to wait around on the floor plans.  You want them ready to sooner than later so you can hit the ground running.  You should I have an idea of the typical size lot will be.  But the house should fit on the site with extra buffer on each side.  You don't want the house to site right no the easement line on each side.  This will cause major problems if the house is sited wrong on the lot.  And who wants to live on top of their neighbors anyways.  I would hire a "residential architect" as they may have a handful of "canned" plans you can pick from.   In the end you will need to make some changes and have cad files is key. 

@Rich Riesmeyer

Yes I would insulation the crawl space.  This will put the dew point to inside the insulation and not on the face of the wall where it is now.  This condensation then turns into added RH in the space. I think part of your problem is you don't have enough ventilation to the space.   If you encapsulate the space then you are required to mechanically ventilate this space.   If you look at IBC 2012 section 1203 Ventilation will give you the requirements to meet.  I don't have the residential code section handy but I believe its the same for very similar.