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All Forum Posts by: Michael Penn

Michael Penn has started 4 posts and replied 9 times.

Hi Kris, 

This was a great question and post. Did you move ahead with the property and add the 2nd full bath? 

I'd love to hear how it went/is going.

Hi Paul, 

I am interested. Please reach out. Thanks. 

@Carolyn Fuller

Hi Carolyn,

I use Venmo to collect rent and I receive a notice when my tenant pays. Free and easy for both parties, hope this helps.

Hi BP Community,

I am looking for a contractor to replace two posts on my top porch in Ferndale. These are wooden posts that appear to have another (Structural) wooden post in side of the post. I also have some smaller projects like replacing hand railing and painting or replacing the front door. Any recommendations/references that you can personally vouch for are helpful. Thank you in advance!

Post: Boiler Contractor - Ferndale

Michael PennPosted
  • Posts 9
  • Votes 0

Hi BP Community,

I’m looking for a reliable boiler contractor to help with maintenance on a MF I have in Ferndale. They must be certified, insured, etc. Appreciate any leads! Thanks in advance!

Post: Boiler Tech/Contractor - Ferndale Area

Michael PennPosted
  • Posts 9
  • Votes 0

Hello BP Community!

Can anyone recommend a reliable certified boiler contractor/technician for a MF in Ferndale. I have an urgent issue with pipes knocking that needs to be addressed and I am looking to build a strong contractor network. Each unit has a boiler and needs maintenance from time to time. If you have recommendations please share your experience and if you work with them often.

Thanks in advance!

Post: Closed on my 1st Investment!

Michael PennPosted
  • Posts 9
  • Votes 0

@Dominique B. Congratulations!

Thank you! @Marlen Weber

**My 1st Post!!**

Hello BP Community, 

I am in the process of doing a cashout refinancing my first property (30 year fixed) and have been requested to sign the Loan Estimate documents. My concern is the current estimated loan amount is lower than the requested amount I discussed with my loan officer by about $15K. The closing costs also reflect escrow costs that should already be in place from the current mortgage as I am refinancing with the same institution that has my first mortgage. She has assured me that once we receive the appraisal/inspection back they will update the amount accordingly. I have worked with her on the original mortgage and she has been super helpful but I'm doing my due diligence. Are there any red flags about signing the loan estimate that doesn't match the requested amount that we discussed? Any other tips to consider when refinancing.