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All Forum Posts by: Paul M.

Paul M. has started 1 posts and replied 9 times.

Post: Painting over wood paneling?

Paul M.Posted
  • New Home Developer Builder Construction Manager
  • San Diego, CA
  • Posts 9
  • Votes 5

Wipe surface with TSP (1/4 handfull in 1 gallon bucket 3/4 filled water) using cotton rags (real cotton, not the non-absorbent stretchy stuff.)

Dab latex (paintable) caulk or toothpaste into nail holes with finger (very tiny amount to just slightly fill the hole) wipe with dry finger, palm of hand or rag.

When dry if there's still a sheen when viewed at angle then lightly "scuff-up" surface with 400 or 600 grit sandpaper wrapped around a 1x3x6" sanding block in long vertical sweeping motions. You shouldn't see any dust, just want to ensure the coating will adhere.

Apply two coats of FLAT (mutes blemishes) solid latex stain by 3" brush first trimming out edges and casings then rolling vertically with 1/4" nap roller cover. As you move from one edge to the other, re-roll (roll back over the adjacent 2-3' of progress) to "stipple" the stain while it sets which enhances covering ability. Re-roll before it's tacky so you don't lift the coating.

Apply second coat if desired to deepen the color or hide texture inconsistencies. Do so within 4 hours or next day to keep coats to minimize number of coats required.

If working with appointments such as dark color carpets or trim but don't want to replace those, choose a more-extreme opposite color for your coating (coating the wall with grey to stop dark brown carpet.)

Post: Ready to give up.. Want to share my thoughts and get opinions

Paul M.Posted
  • New Home Developer Builder Construction Manager
  • San Diego, CA
  • Posts 9
  • Votes 5

Kris,

“Giving up” isn’t the right thing to do, however making a sound investment decision is.

Were your children or anyone to ask me some years later, what would you like said of your handling of the matter? Honorably, admirably is the correct response of course.

Our slogan contains three “honorable” synonyms “…Legally, Morally, Ethically.”™ So, addressing our minds from this premise, we may conquer challenges in ways unavailable from a negative space.

Negotiating from a position of unfair advantage doesn’t permit negative aspects. You can do anything you set your mind to do. Chances are that’s how you got here.

What small course corrections along the way – researching, negotiating, acquiring, cash-flowing and now disposing of your investment could you have made to avoid your predicament? And humbly, gratefully, thankfully you’ve asked for other professionals’ opinions.

Good job! Now you’re here. Don’t give up five minutes before the miracle. Hustle harder – even just a little more may do it – I don’t know your particulars. Set small easily-achievable goals and keep your focus relentlessly on them. Measure your progress, reward yourself for even tiny successes.

Watch YouTube videos – Bigger Pockets, *************, Grant Cardone, Ted Talks, Dan Lok, Tony Robbins, Robert Kiyosaki, etc. and don’t stop until you’re succeeding in creatively maneuvering yourself – better - leveraging yourself into a better position.

You can do it, somehow you will find a way. Some folks want to have what you’ve built for yourself, with a few adjustments. So, who can partner with you? How will you promote it? What will it look like?

You have positive cash-flow, I'd keep it.

Paul's LLC, “Doing The Right Thing Legally, Morally, Ethically Or We Don’t Have A Deal!”

Post: Sprinkler System Maintenance or Concerns?

Paul M.Posted
  • New Home Developer Builder Construction Manager
  • San Diego, CA
  • Posts 9
  • Votes 5

Christopher,

My first experience with sprinklers was in an apt/condo conversion project I was running. A laborer brushed the wax plug in a sprinkler head with a broom breaking it. The unit was flooded with four inches of water in about five minutes! 

The smell was of old rags and mildew because the lines held stagnant water for ages. There are devices resembling pliars which should be kept on-hand by maintenance or management to stop the water flow in an inadvertent activation or emergency event. Finding one shut-off valve for over fifty townhouses hampered our swift reduction of water intrusion. Better we could've grabbed the pliars and plugged the sprinkler. It's simple and doing so won't take down the water supply to the rest of your building.

While on the subject you mentioned - water "weeping from somewhere." Water is one of the most destructive agents around. The moment it finds it's way into a structure and if allowed to stay, the dwelling becomes compromised and will continue to degrade. Unless you find it's exact origin, stop it's progress, remediate and repair it's damage you permit mechanical compromise to exist. Water cannot fix it's own damage - it will never get better on it's own. 

Hire a good Certified Home Inspector and place your vetted Licensed Bonded framing contractor on standby should you need a second opinion. Ask a fire sprinkler specialist to walk the property with your inspector and framer simultaneously so they can interact and provide you the most comprehensive assessment to you. Your prudent buying decision must include your competent professionals' advice.

Exposing all inhabitants and visitors to mold and other Indoor Air Quality risks is unacceptable. Perhaps even more ominous due to the presence of water is the likelihood that at least mold already exists. Your complete understanding of the extent of any damage is absolutely critical.

I'm an Assistant Construction Manager for a national developer builder of new $1MM+ homes here in Southern California - not a fire sprinkler professional. I do know that whatever we construction specialists (builders or investors/flippers/remodelers) can do to reduce the risk of a fire starting is of paramount importance. 

Further if there is an event, the quicker lives are evacuated to safety and the fire is out the better - period. It's our job to maintain overall site safety for people and property beginning at ground breaking. This extends from our construction personnel to the buyer and should continue throughout the useful lifespan of our products.

The benefits of sprinklers across the U.S.A. are immediate and comprehensive...

"Over the 2002 to 2005 study period, houses equipped with smoke alarms and a fire sprinkler system experienced 100 % fewer civilian fatalities, 57 % fewer civilian injuries, and 32 % less direct property losses and indirect costs resulting from fire than houses equipped only with smoke alarms. In addition, homeowners of dwellings with fire sprinkler systems received an added bonus of an 8 % reduction in their homeowner insurance premium per year, according ISO." 

"This report finds the monetized value of a residential fire sprinkler system,

over a 30-year analysis period, to yield homeowners $4994 in present value benefits.

Costs,                                         Colonial    Townhouse    Ranch

Installation (50 % Markup)         $ 2075.08   $ 1895.17      $ 828.66

...advancements in newer fire sprinkler technologies, of lower cost and improved performance, might be significant enough to improve the cost-effectiveness of these systems."

National Fire Statistics 

"Sprinkler systems have been designed to reduce the numbers of fatalities, injuries, and property damage resulting from structure fires. Thus residents of single-family dwellings (the focus of this study) benefit from the risk reduction of fire induced civilian fatalities, civilian injuries, and property damages (structure and content loss).

On average, over the 2002 to 2005 study period, 36 out of 10 000 single-family houses caught fire each year in the U.S. (Table 3-5). This translates into 296 500 house fires each year, resulting in 2566 civilian fatalities and 10 188 civilian injuries (NFPA 2006). Direct property loss, due to property and content destruction, averaged $5346 million each year, which amounted to $18 052 per fire. So for every 10 000 single-family house fires that occurred, 87 civilians died, another 344 were injured, and $180.5 million in property losses was sustained."

Brown (2005) researched the expected life of each sprinkler systemsí components. Replacement costs would only be incurred when major system components wear out. The entire system will generally last the life of the plumbing system, estimated to be in excess of 30 years, the length of the study period for this analysis. Therefore, no system replacement costs are included.

Fire sprinklers can be supplied by a separate water connection, with a toilet connected to the end of sprinkler piping to ensure that the piping is occasionally purged by flushing the toilet to prevent stagnant water. This arrangement is referred to as “passive purge.”

The bell you mentioned sounds when water supplying the sprinklers flows rapidly. The flapper inside the pipe is deflected sending current to the bell. That's about all I know about the systems. Your sprinkler contractor should include recurring inspections in their bid to maintain your system for you per your local codes.

I hope this helps, please let me know if there is anything I can do to help you.

Paul

Sources:

*© 2013 State of California OSFM California Building Code Development
U.S. Fire Administration - Fire prevention and public education

IRC Fire Sprinkler Coalition

Post: San Diego CPA Recommendation

Paul M.Posted
  • New Home Developer Builder Construction Manager
  • San Diego, CA
  • Posts 9
  • Votes 5

Melody Thornton CPA, Encinitas Solana Beach

Post: Potential $158,000 profit in San Marcos, San Diego, CA!!

Paul M.Posted
  • New Home Developer Builder Construction Manager
  • San Diego, CA
  • Posts 9
  • Votes 5

If you need a Construction Manager to run the job, I expect to have a few months off shortly. Maybe we could arrange something mutually beneficial.

Thanks,

Paul

Post: San Diego Attorney Recommendation

Paul M.Posted
  • New Home Developer Builder Construction Manager
  • San Diego, CA
  • Posts 9
  • Votes 5

Form your LLC online in Nevada, it's much much cheaper.

If not then: A.J. Gupta Legal Center, Downtown San Diego

Post: To replace the roof or not to replace the roof

Paul M.Posted
  • New Home Developer Builder Construction Manager
  • San Diego, CA
  • Posts 9
  • Votes 5

Replace it, complete tear off.

Paul

Post: Having to move to buy because property is to expensive

Paul M.Posted
  • New Home Developer Builder Construction Manager
  • San Diego, CA
  • Posts 9
  • Votes 5

Matthew,

I'm a San Diego native so have endured many waves. Currently my financial situation requires prudence and meticulous planning because: 

  1.  FICO score (solution is steady work over time to build credit by repaying old debt);
  2. Family needs me close (solution is care for my geriatric mother at reduced living expenses);
  3. Transportation (solution is this weekend I've saved enough for a down payment to finance a used car);
  4. Taxes (solution is to hire a CPA and consult with a real estate attorney to get my 2004-05 taxes satisfied);
  5. Experience In The Industry (solution was to attend full college courseload for a semester and major in Building Construction Technology - Construction Management. Now I've been an Asst. Const. Mgr. for a year. I know how to plan and manage all trades from planning, permits, construction and back end);
  6. Plan my 1-3-5-10 year goals (solution is to implement a prudent strategy after consulting with professionals in all aspects pertaining to my destination);
  7. Systems In Place (I've wholesaled a couple duplexes and know that I need a more robust system in place for the next step. I will be investing in multi-family hack and holds in continguous counties i.e. Orange, Riverside, San Bernardino, Imperial, Maricopa, etc. I will use my pilot's license to travel to and from them);
  8. Financing (solution is to invest in HUD foreclosures in those areas, live in one unit rent the others, repeat. Use that nest egg to return here and retire back home. It's a ten year plan.)

Good luck and let me know if there is anything I can do to help you!

Paul

Post: Assistant Construction Manager for National Developer Builder

Paul M.Posted
  • New Home Developer Builder Construction Manager
  • San Diego, CA
  • Posts 9
  • Votes 5

Paul McGucken is a residential property wholesaler and flipper of over twenty years. 

He's also a Certified Home Inspector, InterNACHI # NACHI05062290 - International Association of Certified Home Inspectors

Certifed Mold WDO Radon Indoor Air Quality Inspector, # IAC2-02-5402 - Indoor Air Quality Inspectors.