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All Forum Posts by: Josh Teunissen

Josh Teunissen has started 7 posts and replied 51 times.

Post: Expensive Window Replacement - Is This Acceptable?

Josh Teunissen
Pro Member
Posted
  • Rental Property Investor
  • Belgium, WI
  • Posts 53
  • Votes 54

Also, thinking this through, probably the jambs were already attached to the window, and came prefinished. Everyone is sick of hearing this but it stands true "since covid" manufacturing standards have laxed to try and meet demand. Those jambs were probably not tight at the joints or they had to manipulate them in the feild to make it square ect. Which is hard to to when the jambs are already attached. The seams at the corners probably opened and the only remedy was to caulk vs. send the windows back and wait 6mo for replacement. Still, in a paint grade situation the jambs get caulked to the trim and everything painted last.

Post: Expensive Window Replacement - Is This Acceptable?

Josh Teunissen
Pro Member
Posted
  • Rental Property Investor
  • Belgium, WI
  • Posts 53
  • Votes 54

Marcus, did they use prefinished material? I can't see in the photos, did they fill the nail holes and also not paint over?

The order of operations should be something like replace window, insulate, install new jambs and trim, Caulk, fill nail holes, and then paint it at the end. I'm sure all of which you already know. 


What were the conditions that lead to this? Did the window company also install new trim? Did they use prefinished material? 


I would not consider that best practice or a finished product. The next question is who was overseeing the project? A general contractor? Eventually the caulk will turn yellow. In all, the solution is to bring in a painter, which is the final step anyway. 

I think your question was is it acceptable or standard practice. It's not. Which leads to my other questions. I spend a lot of time talking through the process of different construction/carpentry projects with my customers and setting expectations, so the story of this one is interesting to me.



Post: Compensation for design and build investment

Josh Teunissen
Pro Member
Posted
  • Rental Property Investor
  • Belgium, WI
  • Posts 53
  • Votes 54

A side note, becoming a licensed General Contractor might not be very difficult. I passed my state exam and mandatory 12hrs of education in 3 weeks of nights and weekends. 

This doesnt mean you should or shouldn't pursue the opportunity. However I think you could move past that obstacle fairly easily depending on your states requirements for becoming licensed.

Post: Can you invest with as little as $10k

Josh Teunissen
Pro Member
Posted
  • Rental Property Investor
  • Belgium, WI
  • Posts 53
  • Votes 54

Idk your market but search "house hacking". Its gonna be your strategy with $10k. You will learn so much by DOING ("taking action"). Its been a great hands on approach for me. 

Also realize that outside of all the enthusiasm/hype we all feel, is leaky roofs and tenant issues ect. I was in no way prepared for every individual possible outcome or issue, but I was expecting the unknown to happen. 

Its important to have a plan but even more so to be a problem solver. Keep extra $ for unexpected issues, and build relationships with people who can help

Post: Mortgage terms, 10, 15, 20 or 30 years and why?

Josh Teunissen
Pro Member
Posted
  • Rental Property Investor
  • Belgium, WI
  • Posts 53
  • Votes 54

Longer term mortgages allow you to "weather a storm"

if theres no prepayment penalty, you can still pay off early. And if you lose your job, tenant leaves and a major repair item happen all at once, the monthly payment will be lower than a shorter term mortgage, giving you better chance to survive it.

obviously over time the intrest expense is higher, but your tenants are paying for that extra flexibility, not you. 

some people are uncomfortable with debt. And that's something you have to decide for you

Post: To catch a pot smoker

Josh Teunissen
Pro Member
Posted
  • Rental Property Investor
  • Belgium, WI
  • Posts 53
  • Votes 54

Sometimes you just gotta pull everyone aside and say "hey, I'm not messing around. Smoke outside or I'm done". A conversation is a cheap first try vs 90 days of hell

Post: The dark side of a 28 day notice

Josh Teunissen
Pro Member
Posted
  • Rental Property Investor
  • Belgium, WI
  • Posts 53
  • Votes 54

Seems like theres the buisness answer or the personal one. A good nights sleep is worth something too. 

I've both needed a place to stay and ive provided one a few times.

I heard a story once about couch serving and craigslist, on a podcast i think. This guy on the west coast found free places to stay on craigslist for a week at a time. If this is their dream, and considering their constraints, maybe they're willing to be "creative" in the meantime. 

"Live like noone would, to live like noone can"

Good luck.

Post: New Member interested in Buy & Hold BRRRR propertys-Rhode Island

Josh Teunissen
Pro Member
Posted
  • Rental Property Investor
  • Belgium, WI
  • Posts 53
  • Votes 54

Welcome to BP!

Have you also considered house hacking? VA financing can be attractive for using a low down payment to get into better or higher class property's, as long as you dont mind living there for one year.

Post: New Chicago Investor

Josh Teunissen
Pro Member
Posted
  • Rental Property Investor
  • Belgium, WI
  • Posts 53
  • Votes 54

Welcome to the site! 

Do you listen to gary vee? Your film background is an asset for sure

Post: Four SFHs and my Debt / income ratio maxed - What's Next?

Josh Teunissen
Pro Member
Posted
  • Rental Property Investor
  • Belgium, WI
  • Posts 53
  • Votes 54

you could refi a few of those loans into one commercial loan