All Forum Posts by: Nate S.

I plan to remodel my bathroom soon, turn my property into a rental after I graduate college. I could go for the cheap pre-fab tub surround, and get the vibe I'm showering in a cheap hotel. I've been debating on getting Jetcoat shower panels. I want something I can enjoy, while I still live in the property but also increase the quality, low maintenance look when I do rent it out. I can't find much reviews on it, but like on wayfair, but not much youtube coverage on it. The cost is bit steep $750 for Jetcoat vs $250 pre-fab tub surround. I just want your take on it.

I just REFI my house and want to rehab my Kitchen/Bathroom. The long term goal is to turn into a rental down the road. So I'm just rehabbing it into a high end rental and I'll be staying here next two years until I get my degree. Anyways to the question, appreciate anyone could help.

As for stoves should I get a coil or glass top but with steam clean? I read it's better to just get the coil but the flat tops will be more marketable. I read self cleans are a fire hazard and break down more easily? I want to take advantage of the President day sales. 

As for the bathroom, I'm debating on getting a Jacuzzi Tub for personal use for couple of years but could add value of charging for rent. I could always uninstall the motor and make it a regular tub. 

https://www.menards.com/main/bath/bathtubs-showers...

Instead of tile get this Utile for low maintenance so it can look nicer than the boring inserts.

https://www.menards.com/main/bath/showers-shower-d...

Quite honestly I would give them a dead line to get their stuff out in a week but with a court order. There is no excuse, it's been a month and you'r losing money.

 If they don't have their stuff out in a week, it's yours. Also include justify keeping the security deposit for wasting your time and money. Not giving you proper notice on moving out.

You seem like a nice person just by reading your post. They're taking advantage of it by issuing threats. Get a eviction notice from the sheriff. Take the upper hand by getting a sheriff involved. Might be little costly but if you fear repercussion on damaging your property. Defiantly a court order. It's always good to have a paper trail like in this situation.

My main goal is to get a Duplex or Tri-Plex. I inherited my moms house, I figured I would be paying more interest if I wait next year to REFI because it has $5k HAMP incentive. I owe $42k on it but I'm paying 2% atm and 3% until next November then it goes up to 4%. The house value if premium shape is $130k. Just doing some basic calculations on mortgage I would be paying $10k more in interest if I would be paying 5% vs 4.5% rate if I would lock in now? On a 30 year mortgage loan.  

http://www.interest.com/mortgage/calculators/mortg...

I financed some projects on my house like carpet, roof, AC/Furnace for 18 months with no interest to buy me some time until I REFI. I just want to REFI up to $80k. Use $20k to pay off projects I financed, estate cost and other $20k for a down payment for a rental. I plan to REFI using a VA home loan. This is my first house I'm dealing with on financing or using equity to invest in another rental property. So just want to make sure I'm doing this right.

The credit union, wouldn't do a home equity with me because my mother's name is on the mortgage. They saw it as too much risk because they can't monitor the loan. Offering me a credit card of 6 months of .99% then jumps to 9.99% or a unsecured personal loan.

I have thought about doing a small line of credit to pay for the siding/roof which I got quote of $9700. The Average quotes I'm getting is that amount for siding/roofs. Then REFI it after the repairs to get more equity out of the house. 

Mortgage amount owed: $42,932.32 including interest.

PITI: $710.67/nxt month in Sep (I'm going to start paying taxes next month, mother was disabled)\

Tax Assessed $90k

If sold $100k-125k

Interest rate atm: 2%(It will increase to 3% in November)

3 Bed/1 Bath- Split level house with a patio in the back.

Possible Rent- $850 to $1,200/month. 

I got a quote of $400 to patch up the roof portion. I see no point of paying $400 only to have the whole roof redone. The interest rates suppose to rise in October between 3-4%. I am thinking of refinancing up to $80k, use it for repairs and use additional money to buy a rental.

I have $40k on the mortgage, but it's tax assessed at $90k but if fixed up premium shape be worth $125k. I plan to take out $20k to use on repairs like siding, roof, deck, new drive way. I could take out additional $10k to get another property.

I have thought about that, but one bank told me I would pay $275/month just for a $10k loan which is 3/4 of the mortgage monthly payment amount. Would paying pure interest first year of the loan contradict saving money on the $5k credit? 

My mother passed away 2 years ago, I finally got the estate closed out and got my name on the title. The mortgage I am still paying is still in my mother's name but it has a HAMP incentive, so next year it will be finally exhausted crediting $5k off the loan balance. The mortgage at the moment is 2% interest and it's a balloon type. 

The house desperately needs a new roof, the church put the shingles on wrong. So high winds took a small portion off of it.I keep a tarp over for now. Also needs new siding as well. So I am trying to make the best decision.

It's either I refinance with a fix rate this year and get the roof/siding fixed or wait it out until next year, to get $5k taken off the loan. I know the interest rates are going to continue to increase as the economy is still doing good.