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All Forum Posts by: Philip L.

Philip L. has started 30 posts and replied 162 times.

Post: How to obtain a 30 yr fixed mortgage under an LLC

Philip L.Posted
  • Wholesaler
  • Florida
  • Posts 180
  • Votes 52

@Andrew Postell - thanks I will give that a go

Post: How to obtain a 30 yr fixed mortgage under an LLC

Philip L.Posted
  • Wholesaler
  • Florida
  • Posts 180
  • Votes 52

@Andrew Postell - Do you happen to have a list of lenders that will close in an LLC? or even just a few to get started I'm in Michigan.

Post: Refinancing Strategy Advice

Philip L.Posted
  • Wholesaler
  • Florida
  • Posts 180
  • Votes 52

@Paul Jurczyk - 5% seems about right from the recent research I've been doing. 

What lenders have you spoken to that can do 5% under an LLC as this seems to be my sticking point finding a lender that will do it for around 5%

UPDATE

Even though not everything went to plan I am please with the final finish, well 95% finished it still needs shelving and a section of trim.
Costs:
Appliances - $525
Cabinets - $1600
Flooring - $600
Counter tops - $1220
Paint - $50
Range hood - $190  
Sink/faucets/plumbing - $260
shelving - $280
Toe kick - $40
Electrical - $300
Drywall - $500
Demo - free did it myself
Total $5,565

Learning lessons:
I purchased the cabinets from facebook marketplace it seemed like a good deal however I was only shown the cabinets before they were taken out and thought they were hard wood.
Took a lot of my time to refurbish and paint - in total about two weeks! - you can get good second hand deals but it is probably quicker and easier to just buy standard at HD or lowes.

I did quite well with facebook marketplace in regards to appliances, even though it is a second hand market you can still get brand new/newish items. Dishwasher was brand new never used I got it for $150 - stove was 4 months old it had been installed but the oven still had plastic wrap around the shelving so only the top was ever used - the fridge is the oldest but still less than two years old it was purchased from a very high end property for $200.

I had my contractor build my counter tops, it turned out nice however you can buy ready made counter tops and just pay for fitting this would save around $500.

Original kitchen

Post: RE Lawyer Recommendation Port Huron, Michigan

Philip L.Posted
  • Wholesaler
  • Florida
  • Posts 180
  • Votes 52

Hi @Dante Pirouz nice to see someone else in the Fort Gratiot area, quick question did you hire John Coury and if so did he do a good job? if not who did you use? 
I currently have an issue with a tenant and need to hire a good lawyer myself any help you could give me would be appreciated.

thank you Philip 

Post: Kitchen remodeling design, fixtures and installation

Philip L.Posted
  • Wholesaler
  • Florida
  • Posts 180
  • Votes 52

 Hey @Moe Hirsch - i'll upload some photos once it is done 

Post: Kitchen remodeling design, fixtures and installation

Philip L.Posted
  • Wholesaler
  • Florida
  • Posts 180
  • Votes 52

@Moe Hirsch well to install a new kitchen via a local kitchen company I had a quote of $14000

Once I get the new countertops next week we will be able to finished the install and I've been told that will take 5 days so with hired labour cost. Appliances and vinyl plank flooring the final cost is $5600

Post: Kitchen remodeling design, fixtures and installation

Philip L.Posted
  • Wholesaler
  • Florida
  • Posts 180
  • Votes 52

@Matt Lewis 
@Dawn P.

So sorry that I didn't reply back to you guys I posted this message at the start of the project and this renovation has taken over all my time.
Thank you for the replies and advice, in the end I ended up purchasing a used kitchen off facebook marketplace as it had a lot of cabinets and looked in good condition in the photos. Big learning lesson ask to see the photos and maybe a video of the units after they have been removed! - Hired a Uhall and traveled about two hours to pick them up, got there and they had not been taken out with a lot of care, long story short I renegotiated the price and purchased them.

Over the next two weeks I stripped them down, decreased, sanded, primer, sanded again!, painted and rebuilt - took way longer than I had expected. Lesson number two it is only worth refurbishing if already installed (in my opinion)

I am happy with the way they turned out in the end, hopefully they will be installed with new counter tops next week and I will update this reply with before and after photos.

again thank you for replying to me with your advice

Post: Drywall hanging and finishing ready to paint cost

Philip L.Posted
  • Wholesaler
  • Florida
  • Posts 180
  • Votes 52

We are in the final stages of a SFH renovation and we have a bathroom 80 SQ FT that needs drywall hanging and finishing ready to paint, it is the entire room including the ceiling.

I have had quotes and they seem a little over priced I wanted to know the cost to do the work only as I will be buying all the materials needed.

From a previous job the cost was $45 per sheet and I provided the materials - this job includes around 11 sheets

What prices have you been paying in 2020?

Just about to start a complete renovation of a rental property I purchased this week, one of the things the property needs is a new kitchen.

This is the first time replacing a kitchen so I have a few questions and hoped you guys could give me some top tips.

My plan is to buy all the cabinets, counter tops, materials and appliances a mixture of new and used then have a contractor install/fit the entire kitchen.

Questions
is there a decent kitchen design software anyone can recommend that can help me design the layout with measurements and visuals?  
 
On the second hand market I've seen a good number of complete kitchen cabinets that have been removed from renovations, they seem to save money but considering how precise everything needs to be in a kitchen are they worth considering or am I best off just buying new? 

Anyone with experience of installing a new kitchen for a rental property offering any advice or tips that would be appreciated thank you