All Forum Posts by: Will Bradford

The HOA is fine at this time. My only reason for selling would be that I live about 3 hrs away. As a matter of preference I would prefer to have my properties close.

But as far as pulling equity out I am guessing a cash out refi. Sorry but the financing part of this is new to me. What percent of the property value can you usually cash out on?

So I have one rental property paid off free and clear. Its a loft style condo in downtown KCMO. Its cash flows about 5k yearly and I have about 100k in it.

I haven't lived in KC for a couple of years and would love to sell the property but the building is not FHA approved and I have been told by a few realtors that sales are very slow because of this.

My long term plan is to buy and hold single families in my town so I am just fishing for ideas of what to do with this. Any and all ideas are welcome.

Thanks for your input.

Will

We always pull the doors. Put them on the sawhorses and you can cut them for height. After that give them a quick hand sand to knock off any hard edges. Then spray them. To spray them I would suggest an airless with a 310 tip or an HVLP gun running off a jobsite compressor. Either way you will get a much nicer finish than rolling or brushing. Its also a huge timesaver as each door can be sprayed in under a minute or so.

To spray both sides get some 4" or 5" deck screws and put one dead in the center of the top and bottom. Then put one more on the edge of either the top or bottom. Then you can set up the sawhorses at the ends and spray one side. Then just grab that outside screw and rotate the door and spray the other side.

Also to remember which door goes where put some tape on the top or bottom of the door. Just mark it with a number that corresponds with the opening that it came from.

Also David if copper was stolen/damaged I would suggest going back with pex. For a remodel repair it is a lot cheaper and quicker.