All Forum Posts by: Darrel K.

Not surprised, but dang that's slow. Glad everything worked out for you.

What all did you submit? 3 repair quotes?

Ryan,
I'm in SS negotiations right now, also for repair issues. Did they take long to respond to your counter offer?

I just received bank approval, but after looking at the home again I'm concerned that the cost of the repairs will be more than I had anticipated. I will be bringing in an inspector and contractors to nail those figures down.

So the question is -- if I do need to renegotiate the price with the bank (Bank of America) how tough, time consuming, will that be? Will it start the process over, how likely are they to pay hardball? What has been your experience?

I'm in. I actually just mentioned that we need a Denver BP club to Josh earlier today.

First I would call several electricians and see what they recommend. However, to do it legally you will probably need a certified lead paint drywaller in addition to the electrician.

Thanks for the help. Have you had to do asbestos abatement on your properties? What was the procedure? I don't know for a fact that there is asbestos in his house. The ceiling doesn't have any texture just paint. From what I've read some drywall from that period had asbestos, but not all. How would most contractors handle this situation?

Only one window needs repaired fortunately.

I have a small unoccupied 800 sq ft older house (1950's) that needs a window replaced (dry rotted frame) and drywall work including new ceilings in the kitchen and living room. The plan was do this work myself but lead based paint laws are a concern. From some limited research it appears a homeowner can do the repairs without being RRP certified if they are the occupant. If the house is rented then the contractor or homeowner needs to be RRP certified. Is this correct? I imagine the laws are the same if the house is to be sold, but I haven't seen anything in print yet. So what is my best course of action? Just bite the bullet and hire a contractor or is RRP work going to be outrageously expensive? I noticed that the RPP class is only 8 hours/$300 so maybe that's an option? If anyone has a rough estimate on what I could expect to pay a contractor for the new window install, ceiling, and paint (I'm out of State so getting quotes right now is a little problematic) that would be a big help. Is $4500 realistic? The kitchen and living room portion that needs the new ceiling is probably a total of about 300 sq ft. Also what are the asbestos laws/requirements?

It seems to me that $400K is a lot to have tied up in a house that isn't making you any money. What about selling the house and buying a good sized MFH complex? Live in one of the units for the time being. Or buy SFH's including one to live in, fix up, and flip. It would be a big downgrade in lifestyle, but still a hell of a lot better than a'stan.

By the way I'm military also (newly retired).