All Forum Posts by: Amy VE

Hello, Wondering if anyone has any experience with the FHA Streamline refinancing process? We have a triplex under FHA that is now fully rented (no longer owner occupied). We keep getting calls, emails, and snail mail from our mortgage company about doing the FHA streamline to reduce interest rate/payments. I'm told they wouldn't need to do a hard credit pull, however not sure how it looks to banks. We are anticipating buying another property in the next few months (likely a conventional mortgage) and not sure if we do the streamline for our current property if this would mess up being able to qualify for a new mortgage for a new property shortly after?

We have a rental property that is an old two story house converted into three units with four baths total in the house. The current water heater is well over 10 yr old and while still mostly functional it will need to be replaced soon. We currently pay for the gas that runs the current gas water heater and boiler that provides the radiant heat in the winter. We are looking into replacing our tank water heater with a tankless and I would love to get people’s experiences/opinions as to whether tankless is the way to go. Thanks!

Thanks for the advice. I don’t think I clarified but the current claw foot tub does have a shower in it as well so lack of current shower isn’t an issue. More the concern for improper shower curtain use due to the uncontained nature of the tub as we already had an incident of floor flooding through to the first floor from this. We were thinking of either sheet vinyl/linoleum or the plank vinyl - does anyone know if the plank vinyl (click together) can withstand the weight of that tub? Thanks again!

We own an old (built in 1900) home near a university that is split into three units that historically have been student rentals. We are in the process of starting updates on one of the units. It’s a 2 bed 1 bath. The bathroom is the area we’re having trouble with. The floor is currently old breaking commercial-type vinyl tile that needs replacing and updating. The bathroom is very small with just enough room for the tub, sink, toilet, and a radiator. The tub is the original iron claw foot tub. My partner wants to just get rid of the tub all together and put in a shower enclosure to make it less cramped and hopefully avoid the shower-curtain-not-closed water flooding issues that come with a tub like that. I am hoping to get some input as to whether it’s worth the effort to change out the tub for a shower, and suggestions on what sort of flooring would be easiest/most durable/most economic to put in. Especially with flooring suggestions that are fine under the weight of a heavy tub if we keep the tub. I don’t want to get rid of the tub as it is original to the house and we are in a historic district but realize we don’t own this just for it to be pretty but for it to make us money with rentals and the least headaches possible. Any and all tips are appreciated as we are just starting on this journey of owning an investment property to rent out.

Thanks!