All Forum Posts by: Zach Fulton

Quote from @John Underwood:

Quote from @Zach Fulton:

Quote from @John Underwood:

I have unused chimneys removed when I put on a new roof or when there are leaks.

Good to know. I will have to find a temperary solution until I have to replace that. 

 I have maybe 5-7 years left on the roof. I would consider removing it once I replace the roof then! Do you know how much it typically costs to get it removed? 

 Not much at all if done at same time as roof.

Saves on roofers having to flash around chimney.

Quote from @Jerry V.:

to save costs, simply mortar a heavy mesh screen over the opening on top.  Or if the chimney is a common/small size, you may be able to buy a prefabricated cap at a local box store and put that on.   These options will leave everything there and in place, but save you the extra expenses of tearing out/down etc.   IF the chimney is in good shape and not leaking (flashing or structure/cladding) then the flue and box inside should be ok => the screen should work as the flue is designed to channel any water out of itself already.

OR yes, whenever you get the roof replaced, then it's time for the chimney to come off! :P

Good luck!

(w/ J's Roofing - Richardson, TX )

I am somewhat following. Wouldnt a mesh covering still allow water to get in through the top? I was thinking of just buying a cap but I don't think I would be able to install it without the crown being there. 

Quote from @John Underwood:

I have unused chimneys removed when I put on a new roof or when there are leaks.

 I have maybe 5-7 years left on the roof. I would consider removing it once I replace the roof then! Do you know how much it typically costs to get it removed? 

Hey all, I just finished up my first renovation and have it rented out. There's just one thing left that I need to do. I don't know what to do with the fireplace/chimney. I don't believe it is usable and the chimney does not have a crown/cap. A cap would be easy to install, but a crown not so much. Is there a simple way I can cover the chimney up so rain/moisture doesn't get in but also allow proper ventilation? Im not willing to pay the extra money to have the fireplace usable and in good condition. Let me know what you all have done, thanks!

I would buy protective gear for myself, but it seems like it would be better to hire it out to a professional from the research I've seen online. The guy with the quote of 5k seems legit. He has his company under an LLC and is established, only thing is I haven't seen any reviews on him.

I bought my first renovate and hold property. I was aware of the vermiculite insulation(That has the risk of containing asbestos) but knew it didn't serve as a threat as long as it wasn't disturbed. My plan with the living room ceiling was to tear down the ugly 1x4s on the ceiling assuming it served no structural purpose. Tearing down the last few boards I realized the boards were there to hold up the weak drywall because the vermiculite insulation was weighing it down. The ceiling fell down and the insulation is now all over the living room carpet(Which is going to be torn up anyway). 

I got a quote for 5k, 10-12k, and the other guys said to just go with the 5k guy because he knows him and he can't give a better price. Obviously, this is a pretty costly mistake. To my understanding, you must get permits to remove asbestos and it must be done correctly to ensure a safe living environment and safe disposal. 

Has anyone had this issue? What do you recommend? I've considered doing it myself but don't want to be liable for anyone getting hurt or apparent fines. Not the best issue to have on my first renovation. That 5k was going toward appliances and new countertops. 

Quote from @Michael Peters:

@Zach Fulton can you share the listing link?  Ricardo's priority list is pretty accurate the a normal slow renovation but it depends on the overall condition.

Do you plan to complete a live in flip over a year?  Do you want to wrap up everything on your list in 2 months and start renting?  Your end goal would help to determine how to handle everything.

Sure, https://www.zillow.com/homes/1...
Im not sure why zillow took down the pictures. 

 I would like to complete in 2 months and rent it out. My end goal is to hold it and not sell. I have a strategy that could work well with renting rooms out because I'm very connected with some local schools. I can do a lot of the work myself, but I may not have the time this summer. 

I just bought a 3/2 1200 sqft home in Greenville, SC. I was able to get a good price on it and am now trying to figure out how much to put into it. 

It needs:

13 Windows

HVAC work(Cool works great, heat doesn't. Maybe its the furnace?)

New Paint

New flooring(LVP or hardwoods are underneath. What do you recommend?)

Decks

Master Bathroom

Kitchen appliances and cabinets to be repainted. 

What order should I do this? How much should I be putting into it for it to be a rental. 

Quote from @Dan Rowley:

@Zach Fulton   If you are planning to buy and hold this then believe you have underestimated your taxes.  For an investment property (one in which you are not living in and don't qualify for homestead rate, you would expect to pay close to 2% of value in property tax.  So that would be $3k/yr and not $1k/yr.  The rule of thumb in SC for investment property tax is you'll pay ~3X the resident/homestead rate.  Does this make sense to you?

 This does make sense and is very helpful, Thanks Dan!

Good to know @Mack Lengel, ill reach out when I have a flip. @Jonathan Anderson Would you be able to send me more information on when the meetup is? A CPA would be very helpful to ask questions and bounce ideas off.