All Forum Posts by: Ross Stegall

@Michael P. Thanks for the tip, I'll give them a call 

@Jaysen Medhurst I'll send out some pictures tonight when I get home. Positive they are hot water. Will include some close ups of the valves.  

Thanks @David Sisson, Steam/Hot water are the same you use the valve to turn the heat on/off...right now I only have one working radiator. This unit is to be a rental in the near future and I need them working for future tenants. 

Mine are not leaking but they are stuck shut, so no hot water can get to the radiator.  

The youtube videos I've seen basically match your description, pipe wrench, breaker par and plumbers tape/white pipe. 

Hey BP Community,

I'm hoping replace some valves on old hot water radiators this summer once the system is drained. A little background:

1) My condo was built in 1952, I don't know how old the radiators are but assume they are original equipment

2) I have one radiator of varying size (length) in each room. The valves all appear to be something like this (link below)

https://www.grainger.com/product/1RLT3?gclid=CjwKCAjwhbHlBRAMEiwAoDA345r06WAuS0Nm7C4XhL2hr5jFGvMVTOnILGiEExIekre76xEkkr_rrRoCu1MQAvD_BwE&cm_mmc=PPC:+Google+PLA&ef_id=CjwKCAjwhbHlBRAMEiwAoDA345r06WAuS0Nm7C4XhL2hr5jFGvMVTOnILGiEExIekre76xEkkr_rrRoCu1MQAvD_BwE:G:s&s_kwcid=AL!2966!3!264955915919!!!g!437257756459!

3) Most of the valves appear to be broken, they turn with no action, or don't turn at all.

I've tried looking up some youtube videos on this but only find steam radiator replacement videos, are these interchangeable? 

Anyone in the DC / NOVA / DMV Area know a good company that will do this for a reasonable price? I can't seem to find any companies that will touch this. 

Will fixing the valves fix the problem? Or are these so old they are no longer good and the whole radiator needs to be replaced? 

Thanks all, any help is appreciated. 

@Ryan E. @Christopher Smith @Basit Siddiqi

Thanks for the advice, seems like a simple partnership agreement will suffice and that an LLC is not mandatory.

Hi all, I’m looking at investing with a partner and I had a few questions I was hoping the BP community could help me answer. So, here’s the details: My partner will be the passive/ equity investor and will be contributing about 80% of the money needed to buy/rehab a small multi unit rental. I’ll be the active investor, managing the property, finding the deal, and making the deal happen. I’ll also be in charge of any renovations. Also contributing up to 20% of the initial purchase. My questions: 1) Do we have to form an LLC in order to properly/legally document what each person is responsible for and will get from the investment? I would prefer to avoid that and use conventional financing as we both make decent income so we should easily qualify in the area we’re looking. 2) When forming a partnership like this, is all profit/equity typically split based on the invested capital? What are some other creative ways to reimburse for sweat equity? I.e. should I be compensated for managing the property? Can you do a split of 80/20 until the initial investment is reimbursed and then move to a 50/50 split? What are some other creative splits you have seen? 3) We are both in this for buy and hold, but with two people how do you decide to finally sell? Does one partner always have sell authority written in up front? Sorry for the lengthy post, I have done some searching on this and have seen most people saying 75/25 split is pretty typical just want to get some additional opinions. Ross

Thanks all!

Hi all, new to bigger pockets and wanted to introduce myself. I’ve been “House hacking” for a few years now before I knew there was a term for it. Looking for my first SFR or small multi unit building this year. Learning more every day and looking forward to continuing my research on this site.