All Forum Posts by: Mike Reynolds
Mike Reynolds has started 31 posts and replied 2028 times.
Post: Plumbing help - can I use this pex for baseboard water heaters
- construction
- Nacogdoches, TX
- Posts 2,091
- Votes 1,164
Originally posted by @John McAllister:
Can I use this type pex to connect the water base board heater? Why did I does this? I ordered the wrong fitting (it’s an expansion one) and now I have all the fitting sweated on already. So I plan to put an expansion connection to fitting on right and then connect with shark bite on Left.
Short answer is no. I am no plumber and dont want to be one, but Uponor is a little different animal than regular Pex. You are not supposed to use Shark Bite with Uponor I have heard, or you will lose the warranty. With Uponor, you heat it and expand it. Then when it cools it hold tight. I have seen it used one time on one of my jobs as a 150psi air line for a printing press machine. That was 4 years ago and last I talked to the print man; it was still holding. No Shark bite fitting in the loop at all.
I am sure your water will not be 150psi though. Maybe it will work just fine. I dont think the Uponor is the same diameter as the Pex brand name is though. You need to check that first.
Post: Trailer home as a start. --- (0% xp in real estate)
- construction
- Nacogdoches, TX
- Posts 2,091
- Votes 1,164
Originally posted by @Steven Webster:
I found a mobile home online for $25,000, est. mortgage: $210/mo*, 3 bed 1 bath, only considering the financial prospect, is this a good start for a beginning investor that only makes 368 extra cash a month? (This is my first question about real estate investing, please forgive my ignorance if I don't ask the right type of question.)
The right answer is... It depends.
Are you buying the land to go with this house or do you also have to pay lot rent to someone else?
What does your state require for taxes? Insurance?
To me, if the numbers run good and it's a great deal I don't really care if it's a mobile home or a McMansion. My first deal was a mobile home on 1/2 acre for 25k.
Post: She continues to lie
- construction
- Nacogdoches, TX
- Posts 2,091
- Votes 1,164
Originally posted by @Account Closed:
I invested in 2 contracts in July of 2019. Every single payment was late, and needed to be chased down. My last payment was for January 2021 and I did not get any response from her or her people. I decided to post on her LinkedIn account and it made Chimene very angry. I got a call within minutes of the post. She said she would let me out of contract and gave me her email and a crazy address to send a letter. She claims she answers her email twice daily. She has not responded. Reported her to the Texas BBB, but the website doesn’t show any recent open complaints.
She owes me and sister a lot of money. They are also a lot of Hawaii investors that haven’t been paid too.
Shame on her for telling So many lies and hurting people who once placed their trust in her. I pray she would repent and be accountable for her actions.
I have no idea what you are talking about here. Is this in regard to a mobile home park?
Post: Out of state Multi-family
- construction
- Nacogdoches, TX
- Posts 2,091
- Votes 1,164
Originally posted by @Chris Alford:
Any body have rental property in Little Rock, AR. I am looking at a MF North of LR. Just want to get a little info. I'm in east Texas. Thanks.
I have property there in LR and I also live in east Texas. What can I help you with?
Post: Tenant parking RV on the neighboring property
- construction
- Nacogdoches, TX
- Posts 2,091
- Votes 1,164
Originally posted by @Mike Cimoch:
I just closed on two single family houses (They are next door to each other but separate properties) in south Florida. The tenants in "house A" on a month-to-month lease have parked their Inoperable RV in the driveway of the neighboring house "house B" (which I own and need to rent). They gave the previous landlord the run around and never moved it since at least September 2021 as far as I know, maybe longer. Seeing as they parked it on a property other than the one they are leasing I am looking for guidance on how to go about removing the RV. I have already posted a termination of tenancy for "house A".
Any advice would be greatly appreciated!
Make then sign a lease for property B and start paying rent on it.
Post: Do not ever use Universal Engineering Science they are the worst
- construction
- Nacogdoches, TX
- Posts 2,091
- Votes 1,164
No, I haven't, but this seems to be the norm these days. My last engineers were good but the architect not so much. We would do an RFI and get an answer to questions that we didn't ask. They were mostly awol.
And the Hard Rock Cafe engineers are in big trouble in NOLA.
Post: Does it worth to get a general contractor license?
- construction
- Nacogdoches, TX
- Posts 2,091
- Votes 1,164
Originally posted by @Susan Wang:
we have done several SFR rehab projects in the past years and plan to buy a class C small apartments. My husband is thinking about get a general contractor license himself. I am not sure if worth it or not. Also how hard is it to get GC license in North Carolina? Anybody has a idea?
Years ago, in Texas they had a state license for GC. I was one of the first to get one. I did everything they asked. Then 8 years later they shut the doors on it. So, in Texas, it wasn't worth it, but it was a worthy cause if it had stuck. I would say yes, it is worth it to get one in NC. It sets apart as a professional among amateurs.
Post: Going Commercial in Texas!
- construction
- Nacogdoches, TX
- Posts 2,091
- Votes 1,164
Originally posted by @Peyton Leal:
Ill reach out to both of you with more details on the property. Owners are friends with my father and are letting us get in early.
I would like to take a look also.
Post: Networking and creating friendships
- construction
- Nacogdoches, TX
- Posts 2,091
- Votes 1,164
Originally posted by @Chris Alford:
I am located in east Texas
What part of East Texas are you at?
Post: LLC questions for a series LLC
- construction
- Nacogdoches, TX
- Posts 2,091
- Votes 1,164
Originally posted by @Ashish Acharya:
Originally posted by @Mike Reynolds:
I'm not sure if this is the right place to put this question but here goes.
I am about to open a series LLC in Texas. If I have LLC's in other states, can I merge them into the Texas series LLC? If not that won't really be a problem but it sure would cut down on the CPA bill if I could use one instead of several. Plus I could keep everything in one bank account.
Mike,
Your statement is not entirely correct. Also, you cannot have one account for the series. You should talk to a qualified attorney.
Ok, I was just going by what Legal Zoom said about the Texas Series LLC. Not an attorney and will get a qualified one that knows Texas law in this respect to open it.
Is it true that with a Texas series LLC there is one tax return and not one for each LLC? Not worried about bank accounts as much as I am the forever tax returns for each LLC not in a series.