All Forum Posts by: Corey Demuth

 Can you explain that in layman's terms?

Had no idea the stuff might contain asbestos, thank you!

I am debating removing the popcorn ceiling from a small room by myself. I understand the process involves spraying the popcorn ceiling with a chemical then eventually scraping it off.

How feasible is this for someone with no experience doing it? Can anyone direct me to a good video or guide/tutorial on how to do it? Any common mistakes to be careful to avoid?

Also, after the popcorn stuff is gone, how long should one wait before repainting?

I talked to them and, after a few days they finally came up with some quotes. However, they are telling me they cannot insure for replacement cost because the purchase price is so much lower than the rebuild cost. Come on, GTFO... that is true everywhere, hence the reason why people buy used homes 100x more often than they build new construction.

Any other suggestions??

Just wanted to share my experience, I used Jesse Guyer (jguyerhomeinspections.com) for a home inspection on a multifamily property last week. He did an amazing job - showed up early, very thorough, fast report turn-around - A+ all around. I will definitely be using him again for future inspections. Feel free to reach out to me with any questions.

I am interested in a 2F property upstate, and everything seems solid. However, my numbers are based on MARKET rents for that area. Initially I did not know whether the current tenants had leases and/or what they were paying in rent.

I just found out they both have leases, one is up in August and the other ends in November. They are both paying the same rent... which is about 67% of market rent for the area! Naturally the deal doesn't work so well at those numbers.

How would you handle this? I am checking with my lawyer, but I am fairly sure there is no rule about increasing rent in the area where the property is located. Assuming that is the case, what would be the best way to go about this? Just increase them to market price when their leases end, or some other more diplomatic way?

The timing of the leases is a bit awkward as well... if not handled correctly, this could lead to a vacant property for several winter months.

To be clear, I have never run into this issue. I was just pointing out that I haven't heard of obese people as a protected class.

However, I will say that many businesses and hospitals are starting to replace wall-mounted toilets with floor-mounted toilets in public bathrooms. Why? Because people are so heavy they are gradually destroying the wall-mounted ones.

Yeah maybe we need to adjust that to 99% lol good call.

@DeniseFord Personally I don't believe in reneging on debt. I would pay everything off including the fees. Some/many will disagree but I think it's a short-term view - but trust me, if you start getting on bank's blacklists you may never get off of them. Regardless of the 5 or 7 year limit for bad info to stay on your credit report, some banks still maintain their own private records forever. Also if you don't pay it off, eventually you will get hit with a tax bill for however much debt the bank writes off.

Not sure what you mean about buying trade lines.

 Mark that's what I was thinking... I'm looking at places that go for 100k and rent for 1800+...