All Forum Posts by: Mike Reynolds

Yes, keep us updated.

@Rob Gribben   Rob, if they press the issue on payment you can contact his liability insurance and they will have a third party inspector look at it.

@Account Closed   I agree Art. Its hard to tell but it even looks like the nails came up with the singles. Maybe the nails were only 3/4" and/or the decking was too thin. Maybe they were staples and didn't hold. We use 6 nails per shingle now. Its what I learned in Miami Dade codes and it only costs maybe 20-30 bucks extra per roof.

I used to have a roofing division on my company and I can tell you that 2" OH is not what you need. I was even licensed for it in Florida which is the most stringent in the US. For starters, in a few more years they will be hanging down with age and look horrible. They also catch the wind as you have found out. 

As far as your warranty, you can forget that. There will be a clause in all shingle warranties  that state they will not warrantee the product if it is not installed properly. That immediately voids the warranty from the day they walk off the job.

Oh and I wouldn't try and burn it that close to your concrete. It may cause your slab to crack as it wont be able to withstand the high heat. Once saw a slab on a house that the GCs helper built a fire inside the house on the slab to stay warm. It wasn't a pretty site. (pun intended)

My brother in law has done tree service his whole life. He is very good at it and has been lucky because he has never carried insurance. Even though I know how good he is he doesn't do my work because he is not insured. All it would take is one accident and my insurance  policy decides not to pay and I get the shaft for not hiring one with insurance.

As an aside, he doesn't charge that much less than an insured one.

My background is in construction. 35+ years. I just cant see how you can get it done there in Cali for that as I don't think I could get it done here in Texas for that little. Now that may be what they charge on their part but consider this.  They would at some point I believe jack that house up to set the forms and pour the footings then set it back down. A massive undertaking. The  intangibles from there would be plumbing broke loose that needs to be redone...another permit. Once you cross that threshold they may make you redo the electric depending on your AHJ. You would at least have to have it disconnected while they are doing the house raising. Even OH wires probably. Inside you would have walls racking and sheetrock would be damaged and when that happens the best may be to redo all the texture and then repaint. If they make any mistakes, the house may never be the same as it was.

As an aside. I worked on a house once in east Texas that was built before 1850 that was set on cypress piers. They have never rotted and are still there. Pier and beam houses usually have less rot that slab on grade.

I would find a cheaper way to get equity that would not cause you to lose sleep three months down the road.

Yes, you may be right. The way the market has been it may just be to go ahead and take the hit. I did keep my granddaughter this year and do have that for a deduction so it might be the right time for it.

I was making money in the market before the micro traders and the fickle FED but now its just more of "how much did I lose today?" game. These days I am happy if the market doesn't move at all. And that just wont cut it.

I was afraid of that. I already have a Roth as well as traditional. I haven't really put anything in the traditional in many years but I was thinking about rolling both over into a SDIRA. So I guess it best to roll them over and gradually transfer the money to the Roth? I don't want to be hit with a higher tax bracket for money earned years ago. I sure haven't made any this year in the market.

Could I write that off as a loss lol?

I have a question that I cant seem to get answered just right from my broker. A search has turned up nada here too.

Lets say I make 50k/year and have an IRA also at 50k just to keep it simple. If I do nothing I pay taxes on 50k income. But If I were to roll over my IRA into a Roth next week would my tax bracket be at 100k or still 50k? Since the money was obviously made in previous years I would like to think it would not raise my bracket that much. When it comes to the IRS though I have been wrong before.

Another question. Lets say I contributed 10k this year into my IRA. Would my total earned income be at 60K on the year?