Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Mike Reynolds

Mike Reynolds has started 31 posts and replied 2028 times.

Post: East Texas investors!

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Originally posted by @Corey Grant:

@Norma Montgomery  I'm in Livingston, TX.  How far are you from Lufkin?  I could probably come out there for a meet up but that may be too far for you.

@Mike Reynolds I never saw your reply from above.  Sorry about that!  @Ethan Castleberry and I did get together one Saturday afternoon at lunch time.  It was nice but didn't happen again.  I have been going to a meet up in Conroe for the last few months and I enjoy it.  

I imagine the Lufkin / Nacadoches area would benefit from a meet up out there.  Thoughts?

I think it's a great idea even if it is just a Zoom mastermind. In person would be great also. Let me know. A lot has happened in the last 5 years. Most of it good but some bad. Lessons learned though.  

Post: Finding stud on a plywood shear wall

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Originally posted by @Matt Huber:
Originally posted by @Mike Reynolds:

Why would you need to find a stud on a shear wall? You have built in blocking with the plywood. 

 This is a good point, and I thought about that. I was afraid that the plywood wouldn't provide enough bite for my project. I'm no engineer, so maybe I'm wrong. But I wanted to make sure the bolts would hold.

 I'm not an engineer but I have seen many "specs" from engineers. One that was very puzzling to me was 18-gauge metal blocking in the walls at a large hospital wing I was building back in '09. It was 6 stories of hospital. We installed grab bars in the bathrooms, med gas walls and even the handrails in the hall. I never thought it would hold but here we are 12 years later, and they have held. I think 1/2" plywood or better would work just fine for most applications. If you are still wary, then use Snap-Toggles from the big box. They hold 250 lbs each in 5/8" drywall alone. Imagine what they would hold in 1/2" plywood + 1/2" drywall. The best thing about these are you can take them out and the toggle will stay there. No need to replace the toggle. 



SNAPTOGGLE | Steel Wall Anchors | Heavy Duty Toggle Bolts (toggler.com)

Post: Finding stud on a plywood shear wall

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164

Why would you need to find a stud on a shear wall? You have built in blocking with the plywood. 

Post: "Shenandoah" STR: What to know

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164

Nice detailed info. I don't do STRs but I have been thinking I might one day just for kicks. 

One thing has me puzzled though. Why would cities make it hard to have them? If I was a mayor, I would want all the tourists I could get. They spend money and increase revenue. 

What am I missing? Why would they want to tamp down on Rentals?

Post: Costs to demolish interior office space to shell condition

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Originally posted by @Jason J.:

I'm looking for anyone who could share experiences of how much they paid to demolish interior office space and turn it into bare shell condition. Job size and cost or price per sf. Picture shows similar building.

 It's always Tree-fidy. Every time. 

Seriously though, it will depend on so many factors in your area. And so many factors on what you are keeping and getting rid of. 

Are you tearing out the MEPs? Is there asbestos? Lead paint? How much does it cost at the landfill? Are they accepting construction debris at the landfill? Will you need a permit to demo? 

Find the cost of a roll off dumpster in your area. Estimate the yards of debris and figure about 30% more than that. Minimum. If you will be doing a lot of these buy a dump trailer on payments and use that for metal. Let the metal pay the notes on the trailer and it saves on landfill fees too. DONT go cheap on the labor. Cheap labor will hurt worse than good labor. Everyone thinks demo can be done by anyone but it really cant. The demo can make or break you. 

I have paid as much as 40 dollars a foot for these types of jobs. They had insurance and have had to use them too. When you break a fire sprinkler pipe and it lands on college students eating lunch on the floor below, it tends to make people mad. It was a bone headed move and he was using cheap labor. 

Did I mention not to use cheap labor? 

Post: She continues to lie

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Originally posted by @Account Closed:

My apologies. I thought I was adding this to another thread. A bunch of people invested in Chimene Van Gundy’s mobile home contracts and are having difficulty in getting paid. 

 Are these single homes or parks? I am not sure I would buy paper on a mobile home unless it had land under it. Not trying to be critical, just wondering what was the issue. 

Post: Mobile Home Park converted to a RV park

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Originally posted by @Philip Linton:

I am currently looking a a 24 lot Mobile Home Park that is for sale with 99% occupancy. The rent is low and has not been raised in the last 17 years. there is huge potential for an RV park with a large amount of construction work in my area and out of town workers with RV’s paying top dollar for RV lots. Any advise would be greatly appreciated.

 The good news is that you have at least 100 amp service at your poles. Why not just rent out the homes to companies that are working there. They may take a whole block of them. Then you could move the worst ones out and transition those to RV pads a little at a time. 

Post: Would you pay 30% more for project with a contractor your trust?

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Originally posted by @Quan Tran:

I have a contractor who is also a friend but he is over charging me about 20 to 30% over other estimates. I used him for many projects in the past and very satisfied. Also, he is my go to guy in case fixing is needed at my rentals and he also makes time to do it for me. Should i use him for this project even though he charges me more? Thank you for all inputs.

 You have to compare apples to apples. Chances are, he has different or better materials. Back in the '80's I once lost a bid on an entire house by 100 dollars. I figured double pane windows, R-30 attic, Foil board and 30-year singles. 

He went with the other bid and got single windows, R (freakin') 11 in the attic and black construction board. Oh yeah, 20-year shingles too. 

Which was really the better deal? But hey, he saved 100 dollars though. 

My point is this. It is so easy to get sideways with a preconception about any bid. Ask him why he is higher and if he is honest, he will show you why. Then you can decide what to do. 

Post: Best heating system for a rental

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Originally posted by @Dan Weber:

@Codey Fabian have you considered going with just heat pumps everywhere? If you get them sized correctly with enough BTU’s, there’s no reason why they couldn’t solely beat the entire space. I’d suggest getting a head in each bedroom. They do heat and A/C, which is great. Also, they run on electricity which is the easiest utility cost to pass along to the tenant. If anyone tells you that Maine is too cold for them, don’t listen to them. You also get rebates for the install through a program called Efficiency Maine which is funded by a Federal Grant (I think?). Go check out their website and you can read all about it.

https://www.efficiencymaine.com/heat-pumps/

 That is interesting for sure. I have always heard they dont work up north too. My father always told me to believe half of what you see and none of what you hear though. If they are offering rebates, then they must work just fine then. 

Post: Help with dry wall ceiling on old house

Mike Reynolds
Posted
  • construction
  • Nacogdoches, TX
  • Posts 2,091
  • Votes 1,164
Originally posted by @Jason Holloway:

@David Avery

Large part of the ceiling alittle less than half is damaged

Dry wall is old and just crumbles when removed

I think it’s easier to just remove all drywall on ceiling

Then try to square it up and have to mud the old with the new ??

 If your drywall crumbles, it is likely it has been wet before. It is now dry but won't have the same strength as it was new. I would replace the whole thing.