All Forum Posts by: Kevin Harrison

I was wondering along the same lines. (sorry if I am stealing your thread)

I have a house in Ga that is a rental of mine and I have somewhere in the range of 50K in equity in it, how hard would it be and how much would that jack up my interest rate to get a HELOC on that since it is NOO?

This is most likely for major claims, IE. your house burnt down or got completely flooded. For times when you are worried that the Ins Co is going to try and short change you.

Nothing ever goes as planned. lol. but congratulations anyway!! Don't let a bad bank make you think the house is Jinxed.

Just my 2 cents but even if you were mad about it there is no way you could prove that it was his fault absolutely, and he would end up being mad that you were making him the bad guy especially if he was trying to do the right thing and save you some money.

To be honest it could have happened to anybody, toilets are not the most sturdy thing and I've even broken a few, although I deal with them on a regular basis as part of my W-2 job.

My wife and I recently bought a home and noticed that some of the ducts (especially the return) were filthy, we got the whole house (Ducts, Returns, and even out dryer exhaust vent) done for about $170. FYI our new house is 2900sq/ft. I would look around and see if you cant get a better price on getting this done, we found the guy who did ours on Yelp.

It may not have saved us a bunch of money on cooling but it gave us peace of mind after was say dog hair and black stuff in the return to the point where the stainless steel was not even visible.

Be aware that you are going to have a tough time getting slightly above market rents if they move out in Dec, when most people don't want to move anyway. at least in my expierence.

another thing you could do is once you have the lease pay a property manager to manage the property and that way you are not the bad guy, and the property manager is just doing their job.

you just do the calculators as if you were not living there and then subtract the rent you would be "paying" yourself.

I think you are getting cought up by running the calculators as a triplex instead of a quad and that's what is throwing your calculations off.

@Bill Gulley

 absoloutly. but the problem is as you said. these are electives. my wife and I are not having kids but I do feel the need to teach my niece and nephews these skills before they learn them the hard way.

There is something to be said for keeping a good long term tenant happy...