All Forum Posts by: Chris S.

Hello, my current home is a 2 unit, that was converted in to a 1 unit.  I am planning on moving out soon and I was considering converting it back to a 2 unit (it should cash flow at a much better rate).  

If we had to choose between central air and a finished attic (which would probably be considered a (walk through) 4th bedroom on unit 1, which is currently a 3br. (unit 2 is a really nice 1br), which would you choose and why? 

Also, I realize the central air would have to be split so that could be a problem, unless we make it only for the bigger unit.. so what would you do if it was a 1 unit vs a 2 unit.  Thanks for any input!

@Chris Adams Thanks for the advice Chris.

@Jon Holdman   Jon, thanks a lot for the info (as usual).  What are typical terms of loans once you get past your 10 buy and holds?  I guess I'm more worried about that b/c it's unknown.. Thanks!

@Roy N.  When you force appreciation and then refinance, from speaking with a mortgage broker, he told me that they can only refinance on the amount that you bought the house for.  Unless... you wait 12 months and 1 day.. then they'd take the reappraised value in to account in mortgaging the property.  Any insight on this?

Thanks Everyone!  Chris

** I heard that after 1 year you could get a home equity loan on the value of the house, but before 1 year, you have to get it on the purchase price..

Hi!  Just wondering if there's a limit on home equity loans.  If not, and you have like $200,000 cash to start, could you just buy a $100k property, fix it up, rent it out and then get a home equity loan for $70k and repeat as long as you have cash?

Thanks for any help here!

@Scott K. Scott, that's a great idea.. I just found this:

http://www.homedepot.com/p/Veranda-Lattice-White-V...

And this:

http://www.pinterest.com/pin/286752701249618050/

Seems like a cost effective way to do it.  Thanks for the suggestion!

@Jon Klaus  Thanks for the input Jon.. I appreciate it.

@Raven Parmer  Thanks for the suggestion Raven.  That's kind of what I was looking for..  It would be cool if the 1st one w/ the wood that's horizontal would be vertical.. Anyway, thanks again!  Chris

@Steve Vaughan  Hey Steve, thanks.  Yea privacy slats was the term I was looking for.  I found this:

http://www.yourfencestore.com/clslats/vinylwood.ht...

Seems like it may work.  I'll keep looking and if I buy it and update it, I'll post a pic.. Thanks for the info..

Thanks @Account Closed   It's on a decently busy road, so I'm kind of looking for the look and privacy.. what would you do if privacy was part of the equation?  Thanks!

Hey guys, I'm looking at a property with a chain linked fence.  The property could use some privacy, but I'm more concerned about the look of it.  What's the best way to dress it up?  I know you can put privacy mesh up, I also saw bamboo mesh:

http://www.bamboofencer.com/bamboo-fence-gallery

What do you think the best / cleanest way to make the property look classy is?  Thanks!