All Forum Posts by: Ricardo Murph II

@Sonya B. A Mortgage lender told me about Valerotite.com. I am not sure if they do double closing but they have low closing fees.  

Also search the forum lots of great questions like yours have been answered in some way.  There was a RE attorney question just 4 days ago:  https://www.biggerpockets.com/forums/756/topics/43...

What kind of properties are you looking for and in what area?

Just to close out the thread I went with a Rheem professional series water heater. Model PROG40-38N-RH62 You have to go to a plumber supply store to get this model.

I choose this over Bradford White because of the thermostat. BW uses a Honeywell thermostat that I am sure is more efficient but is a fancy piece of electronics. Rheem uses an old fashioned thermostat with no electronics. I watched a video from the Quick Water Heater Company who has some informative videos https://www.youtube.com/watch?v=YwM2wnvZf9U and he said the he repairs the BW fancy thermostat more. Lower maintenance is my target for a rental.

The Rheem you get at Home Depot is Performance Series, has a plastic drain valve, looks like it has a honeywell thermostat in the picture and cost $425. The Professional series at the plumber supply store has a metal drain valve, a plain thermostat and cost $333. BW heater locally was  $404 at a plumber supply store since they don't sell in big box.  

They all have 6 year warranties. BW and Rheem sell a kit that gets you a 10 year warranty for around $150. 

I have found that plumbing manufactures sell better stuff at plumber supply stores.  The quarter turn valves from Brass Craft have all metal internals while the ones at the big box have plastic.   

Also my research says stay away from Whirlpool at Lowes. It has the most complaints on quality. 

I am working on changing out all my shut off valves to quarter turn so I took the opportunity to do so here for my cold water inlet.  As you can see in the picture I am sure my old one would have leaked by or from the packing if I tried to use it.  

Thanks for reading!

Hello,

I just did some driving for dollars this weekend and will send out letters by hand. I am planning on sending out  mass mailing next month. @Kami S. I sent you a colleague request as well, please let me know what company you are using. 

Hello Jovani,

Welcome.  Use the search bar on the site.  Listen to podcast and check out the BP beginners guide. 

https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/

Welcome Dylan,

Like Greg said a personal home is a lifestyle choice.  If want to grow money you can invest quickly you should keep you lifestyle cost low but comfortable. Comfortable is based your and your families needs and goals, meaning what you can convince your wife to do, lol. 

Outside of money you need knowledge to invest.  Start reading the forums and books.  Listen to the podcast.  We have the same goals of $3-4K a month.  If you cash flowed $200 per house after expenses and vacancy. You would need 15-20 houses to reach that number.  Check out one of my favorite podcast if you haven't already. Use the link or look for episode 151 of your podcast app. 

https://www.biggerpockets.com/renewsblog/2015/12/0...

Good luck with your real estate journey! 

Daniel Odess do you know a good tankless brand? Natural Gas Rheem tankless is quite expensive.

Thank you Jeffrey VanGilder they both have 6 year parts warranty. It seems like Rheem has 1 year labor and BW has 6year labor. The shut off is a good idea. This unit is located in the garage so damage should be limited.

I am preparing my primary residence to become a rental within the next year.  This weekend I discovered that my water heater is leaking.  After searching online it seems that the Rheem at HD for $404 would be a good option.  I started digging more to see if there was a better option outside of the big box stores.  I have found better shut off valve at plumber supply stores.  Bradford-White seems be respected.  I can get a 40 Gallon around $560 online I haven't checked locally. 

I decided to look to see what I had it was a Bradford White. 

I looked up the age using the website http://www.bradfordwhite.com/find-your-model-and-s... and found this bad boy was made in 1995!!!! 

So that brings me to my question... Should I go with a Rheem for less or spend almost 50% more on a Bradford-White seeing how long my current heater lasted? I tend to over spend on my projects acting like a home owner and not an investor. That is why I am reaching out.  

About the house built 1982 1100Sqft 2/2/2 Pearland, TX suburb of Houston. 

Awesome deal!