All Forum Posts by: Michael Shadow

Like MikeOH said if you own the property and the 60 day notice you served them was written then you are well on your way, just head for the courthouse/magistrate (call to find out who handles it) and start the eviction process. If the 60 day notice was verbal you will have to give them a written 30 day notice.

Just moved in a tenant that pays his own heat. The heat is oil, how do you deal with how much oil is in the tank and how much is left when the tenant leaves? Do you top off the tank and tell them they must top off the tank before they leave? What about them stiffing you if you do that? Do you do it the way car rental places do it and say you must have at least this much left in the tank when you leave?

Any ideas or help would be appreciated.

Thanks

Check with your attorney. You will probably have to serve them a written notice to quit which gives them 30 days to get out but the thing your attorney drew up may already be that notice. If they still do not get out then you can go to the courthouse and file for an eviction. Also make sure all correspondence with them is in writing from now on.

And if your in a state that gets cold over the winter it may take longer to get them out, depending on your states laws.

We're used our HELOC to buy our first property and do some repairs but we are not going to use more than 40% of it (we're around 32% right now and over halfway done with the repairs) and once our repairs are done we are planning on doing a cash-out refi and paying off the HELOC, hopefully getting some cash in the bank and starting the process all over again. We however are not using our HELOC for anything else. My goal is to keep our house and all our investment properties together at a LTV ratio of about 80%. Once we get more experienced we may up our leverage a little. We also live in a relatively steady appreciation area.

The HELOC will also eat into your cashflow. We ran the numbers to make sure we would still have some cashflow even with the HELOC when we're done rehabbing because it's at a higher interest rate than you can get with your regular mortgage. Which is why we want to do a cashout-refi to help maximize our cashflow once we're finished.

Yes I am, I just closed on my first duplex about 2 weeks ago. I'm in the process of doing some minor rehab on it right now.

I'd love to get together when you get here.

Thanks, I removed the pipe today. I discovered that the cast pipes used to be put together by pouring molten lead over twisted hemp which was jammed into the joints. I torched the first few joints until some of the lead started dripping out. Then beat it with a sledge to separate the joints.

On the second joint I separated with the sledge the joint broke open. So the next ones I used scrap 14-3 wire to wire up the pipe in strategic locations and cut the other hangers then I started beating the joints with the sledge to break it apart.

I also used a car jack to jack the pipe down from the floor joist and hung a bucket on the end of the pipe to get all the goop out of that section of pipe before I started working on it.

This is definitely not a job for someone with a weak stomach.

Anyone know any tricks to removing cast iron waste pipe? The slope on the pipe is actually negative at a few spots so any advice on how to remove it with out getting covered with ... would be great!!!

Are they just slipped together or are they threaded together? Most of it is 4 inch with some 1 1/2 wye's going into it.

Thanks

Is this list still floating around somewhere? If so how can I get a copy of it?

Thanks

Really? A cheap carpet would hold up better than a good coating of oil based paint on the floor?

When you lay tile in a bathroom how do you deal with the closet flange? Is there enough was to seal the flange with the added height of the tile on the sub floor or do you set the closet flange higher?

Thanks