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All Forum Posts by: Will F.

Will F. has started 175 posts and replied 907 times.

Post: 2mm vinyl plank flooring hold up good?

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277
Originally posted by DJ Johmson:
The $1.50 ones are a different quality and not the tranquility brand. They have the adhesive strips. I sent it back because I wanted the click type. It is also thinner than the tranquility click.

I actually looked it up they have a Vinyl Plank (stick down directly to subfloor) for just $.79 that is supposedly tranquility with a "50 year warranty"

crazy

How good would it actually hold up? I doubt very well. But at $.79/sqft that's hard to beat.

Is thickness really that important for durability besides for bumps from subfloor? If you think about it cheap laminate is often very thick, but it's made with pressed fiber board underneath with a low quality wear layer. I would assume the wear layer is most important

Post: 2mm vinyl plank flooring hold up good?

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277

@Joel A. Are the lumber liquidator "tranquility" brand of Vinyl Plank as good as the Home Depot "Allure-Ultra" ?

The price difference is $2 at Lumber liquidator 50 yr Residential warranty vs $3+ lifetime warranty at Home Depot

Both are 4 mm click vinyl

I saw the $1.50 ones at lumber liquidators are 4 mm but only have a 25 year residential warranty. I wonder if these are different grades?

Post: Trafficmaster Allure Ultra Wood Vinyl Planks

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277

Hi @George P. what do you use instead of vinyl plank flooring?

Anyone recommend brands besides Allure? I notice that Lumber Liquidators has one called Tranquility at only $1.20 per square foot but its not a floating vinyl plank, instead its stick down so I have a feeling it will peal.

I installed regular Allure in a small 2 bedroom rental and it went pretty well. This was just 5 months ago so I don't know how it will hold up in the long run

I was thinking of installing Allure ultra in a condo I'm fixing up. The foundation is a raised foundation and just has wood (pressed wood chip boards) underneath stinky carpets.

I plan on living there for 1-2 years then possibly renting it out or reselling it. I feel that if I put laminate the tenants after me would probably ruing it.

Any suggestions for flooring besides Vinyl Plank Flooring? Any other recent or past experiences with Allure or other types of durable flooring would be appreciated.

Post: How to make your property indestructible, well almost!

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277
Originally posted by Kurt K.:
Update from the lawyer, said the lease is fine so I'm going start using it.

Also I keep reading great reviews about Allure vinyl plank flooring. I'm excited to take a look next time at home depot.

Does anyone have long term 10+ year experience with Allure vinyl plank flooring? Isn't it relatively new?

I installed it 5 months ago in an apartment and right away saw a lot of dents and scratches in it. It was easy to install though. I should probably check on it soon.

Post: What's the best bang for your buck for durability and value for flooring?

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277

Thanks

Well the reason why I asked your own home vs rental property is because I just purchased a Condo that I'm basically going to do a complete rehab on. Then, I'm going to live there for 1-3 years before renting it out.

I've done everything from all vinyl plank (recently) which cost me about $2.30 per square foot, as well as carpet, stick on laminate tiles and ceramic/ porcelain in our rentals in the past. I'm still ot sure what's the most durable for your money.

I suppose for this since I'll be living theree I want it to not only look nice, but also last a long time.

I was just wondering because I'm sure there are some people with better opinions or experience then I.

Post: What's the best bang for your buck for durability and value for flooring?

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277

What's the best bang for your buck for durability and value for flooring?

Plank vinyl, bamboo, laminate is what I was thinking

For your own home vs for a rental property?

Post: Private "Intra-Family" Loan - Secured against RE owned or

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277

Intra- Family loans are just loans between family. The benefit would be lower interest rates for borrower and higher interest rates for the lender (compared to holding money in CD or bank)nerdwallet heres a brief article about these type of loans.

Anyways. I was wondering what you all suggest as to how I go about this:

1: personal loan, have him wire me money and I pay as cash buyer. (Benefits- this might allow me to pull out more money in future out of the property as it won't show up in credit checks etc -allow me to make future RE investment purchases if I pull a line of credit or loan) OR
2: I could SECURE the loan using this as my primary residence. I believe I would have to document this on the deed (Benefits: Primary residence-write off full interest amount yearly off of Tax returns. Will help build credit worthiness with history of mortgage payments)

Post: Plumbing Issues

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277

That sucks!

I think you could hire your own plumber to find out for yourself by breaking the ceiling. Or perhaps just have a plumber come in to assess the issue from your side so you will at least have a paper trail. I would go to the condo above and talk to them directly. I'm pretty sure you could attempt to fix it yourself and give them the bill, but if the leak is between common walls then it could either be the HOA responsibility or a shared responsibility between you and the above tenant (depending on your HOA's CCR or rules)

Someone else would have to confirm this.

Post: Purchasing Condominiums vs OYO (own your own) in Southern California

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277

I'm about to purchase an OYO in Long Beach, CA. This will be for me to live in as I want to be near the ocean.

Anyone know anything about OYO and the differences between Own Your Own and a Condominium?

I know the basics that OYOs existed prior to condominiums, that they tend to sell for less, that their HOAs are more lenient, and that they are much harder to finance.

Post: What to do with off market properties?

Will F.Posted
  • Investor
  • Los Angeles County, CA
  • Posts 961
  • Votes 277

Hello. I don't understand why a seller would want too sell off the market? I assume Off Market means not listed on data bases like MLS or loopnet?


Why wouldn't the seller want to market to as many possible buyers as possible when selling a property? How would a buyer even find an Off Market property?