All Forum Posts by: Ric Weidner

Robert

thanks for the night mare story on Heat-Glo stuff. our business partner is leaning towards an install of an electric unit, which strikes me as a level up from putting a picture of a fireplace on the wall....

Thank you Matt.  We have a gas insert in our house and are happy, too:-)   Because of the cost for a gas insert and installation,  I'm leaning toward an electric fireplace for the up stair living room   I'm wondering if people like an electric one.   A good idea or bad idea for selling point?

K

howdy BP'ers

we have a house we are rehabbing (flipping) in Denver that has two fireplaces, the upstairs has a working gas log set up from the 50's, cute but probably not terribly efficient. the basement has a fireplace with a gas pipe stubbed to the fireplace that is currently a wood fireplace. we are thinking of keeping the downstairs FP as wood burning. the question is what to put in the upstairs fireplace. tell us your thoughts:

gas insert ?

electric insert ?

other thoughts ??

thanks

welcome to BP's Lisa. we are in Lakewood, and carry the distinction of being the longest running newbies on the forum. best of luck

Hi Matt  No, this brick house was built in 50'.

Thank you for all your advice.  

Matt M

University Hills, No existing kitchen, not sure the zone

Valerie Hiscore

We totally agree.  Thank you

Bill S

Good point..Thank you for your advice.

I am currently remodeling a flip in Denver which has a mother in law potential with a walkout basement.  I am wondering if having a mother in law addition is a good feature for sales or better to change to a big open house.  the price range of the house is 800K in Denver.

@Matt H.

"The 10 loan limit is a non issue. Makes some calls and you will get an 11th and 12th loan no problem."  well, that changes everything. I have never heard that before !

@Mario Navarrete

Mario, I go back and forth on this one.....i am considering MF's.

thanks for all the feedback guys, lots of great info here

@Upen Patel

Upen. i get that Chris and Glenn are talking about a commercial loan type of product, and the portfolio loan is more of a residential nature (four or under props). Could you clarify what you mean about refinancing every 5 to 7 years ?   Do you mean that blanket loans are not a 20 to 30 year mortgage type loan ?

thanks

@Chris Martin and @Glenn Kopensky

wow. thanks so much for your responses. great advice and insight.

question: i'm sure it doesn't happen too often, but the idea of losing all your props should the lender foreclose is something I hadn't considered, i hadn't considered any of this stuff before today actually......

so, does it make sense to bundle props three or four at a time to different lenders, in case something happens and one of them defaults? I'm probably overthinking this but......

that's what I do

thanks again