All Forum Posts by: Jeff Cliff

Hello,

I am shopping for HELOC, does anyone have any recommendation on any particular bank/lender that offers best rates and terms for the HELOC?

Earlier, I had gotten good pretty good rate. Prime +0.75 for 90% LTV with no annual fees, no account opening fees or fees of any other kind except for early closing fees, if the account was closed within a year. Moreover, six months introductory 2.5% interest for the first six months.

Thanks in advance for your response.

I contacted a couple of mortgage brokers and they told me they don’t do construction loans. The property I bought in needs major rehab work and due to which I couldn’t do traditional financing and paid it off in cash.

Now, I am looking to get a loan to do the rehab work which after finishing the work would convert into traditional loan.

What would be the best place to get this kind of loans?

Thank you in advance

Hello,

Right after the purchase I had gotten water heater replaced for a property in California.

Now I am planning to convert upper floor into studio ADU. Now my question is, does ADU require separate water heater or can I use the same water heater for the main house?

Do I also need a separate HVAC system for ADU?

Thanks in advance for your response.

Hello,

I have someone who is not a general contractor but can pretty much take care of all the construction work. If I give the work to this person, what is the best way to get worker’s comp (or equivalent) insurance as an owner builder?

Thanks in advance.

Hi,

I am rehabbing a house and I have a swimming pool in really bad shape with all kinds of living organisms in it. Right now, I don’t want to spend a lot of money to either remove it or clean it up to make it functional.

I am looking for a way to cover it so it is no longer a hazard for future residents and city officials won’t red tag it. What would be the cheapest and the easiest solution to implement that would last for at least next 5-10 years.

Thank you in advance.

Hi,

I am looking for ways to descale whole house plumbing to get better water pressure on tabs throughout the house.

A lot of DIY videos I saw talks about pouring about 2 gallons of vinegar in the water heater and leaving them in the pipes overnight before flushing the next morning. That sounds pretty straight forward, however what is the easiest way to do this with tankless water heater?

@Caleb Heimsoth

Are you saying the difference from 200 Amp to 300 Amp would be around that or just the cost of upgrade from 100 to 200amp?

Hi,

I need to upgrade old electrical panel which is 100 Ampere for house rehab project. The house will be rented out for the foreseeable future but maybe in another 20+ years I would move into it. I may also add an ADU to the house, depending on how is my situation in post pandemic world.

Since it will be a few months before I upgrade it I haven’t gotten any quotes from any electricians yet.

Meanwhile, I want to figure out if I should upgrade the panel to 200A or 300A. What are some of the considerations I should make besides the cost. I am also not sure what would be the cost delta between the two?

Thank you in advance for your feedback.

@Daniel McNulty

Does Hellofurther allow you to invest?

Hello,

I have been going back and forth regarding installing solar panels for a rental property. What are some of the considerations you would make in favor of or against having solar panels for SF rental unit?

Thank you in advance.