foo1bar’s Activity

Fri May 20

NL

Boards Post

foo1bar replied to the Real Estate Investing board. 11:04 AM

Re: Real Estate Appraisers

Do you mean an inspector?

No, an appraiser is very different from an house inspector.

An appraiser gives a valuation for the property. (ie. "this house is worth X based on what other properties in the area sold [more]

Wed Apr 27

NL

Boards Post

foo1bar replied to the Building / Maintaining a Home board. 6:46 PM

Re: Redneck Pool Heater

instead of water or oil for heat transfer, you might want to look at liquid sodium but I wouldn’t, me

Liquid sodium to heat pool water...
Now that sounds like something I want to watch a youtube video of when a leak develops. :D

Mon Apr 25

NL

Boards Post

foo1bar replied to the Building / Maintaining a Home board. 11:55 AM

Re: Plumbing vent roof leak

"Now that's not true. As long as you maintain the cross sectional area that is actually open to the atmosphere then it isn't going to have any noticeable effect at all."

1> any elbow will increase the resistance to airflow [more]

Fri Apr 22

NL

Boards Post

foo1bar replied to the Building / Maintaining a Home board. 2:45 AM

Re: Plumbing vent roof leak

This is obviously a non-pressurized system, is there any "outside" sealant or coupler technique for tight spots I could use?

I would look at how I could replace the fittings.

Well, first I'd use the hose on the roof [more]

Thu Apr 21

NL

Boards Post

foo1bar replied to the Tax Strategies board. 10:50 PM

Re: S-corp vs LLC

I don't mean to chase rabbits, but when you typed "If he is the only "worker" then he can't shield himself from liability behind an entity" that got me confused. I thought that was why small businesses, even ones with just one [more]

NL

Boards Post

foo1bar replied to the Building / Maintaining a Home board. 11:18 AM

Re: Plumbing vent roof leak

It could be the flashing or a fitting in the pipe itself.
Most likely it's the flashing.

If it is the pipe itself leaking, I'd fix the pipe rather than try to put some sort of "rain cap" on top of it.
1> If the pipe is [more]

Wed Apr 20

NL

Boards Post

foo1bar replied to the Building / Maintaining a Home board. 11:14 PM

Re: ceiling fan medallion

I'd think the fan motor would hold that in place while the liquid nails/PL200 sets.

BTW you probably will need longer bolts for the fan.

NL

Boards Post

foo1bar replied to the Real Estate Investing board. 12:23 AM

Re: Real Estate Appraisers

So you would ask a Realtor to do work for you for free, without any expectation of potentially getting you as a client?

There's certainly the possibility they'll get him as a client.
If the current renter doesn't purchase it, who [more]

Tue Apr 19

NL

Boards Post

foo1bar replied to the Real Estate Investing board. 11:37 AM

Re: Real Estate Appraisers

I'd ask a RE agent in the area if they could show you comps for your property.
I'd recommend finding one that is active in your property's neighborhood - someone that should know the neighborhood and know "This side of Maple street is X [more]

Sun Apr 3

NL

Boards Post

foo1bar replied to the Real Estate Investing board. 11:02 PM

Re: Elevation

GPS is really not well suited for determining altitude - especially when you're trying to get 5 foot vertical accuracy. (5' horizontal accuracy it'll do with no problem)

Tue Mar 22

NL

Boards Post

foo1bar replied to the Building / Maintaining a Home board. 5:55 PM

Re: Basement/crawlspace moisture

Well, the air conditioning unit had a hose attached to divert condensation or some such and that hose emptied onto the crawlspace dirt where it soaked in/dried out quickly. We never even knew it. Never a problem. The hose was placed on top of the [more]

NL

Boards Post

foo1bar replied to the Tax Strategies board. 1:58 AM

Re: Social Security & Medicare Taxes

So it sounds like illegal that my employer is claiming more on my W2 and paying less to me.

I don't think any of us know whether that's true.
So I would restate that as
"So it sounds like illegal IF my employer is [more]

Mon Mar 21

NL

Boards Post

foo1bar replied to the Tax Strategies board. 11:35 AM

Re: Social Security & Medicare Taxes

I haven't had a case where my paycheck doesn't match my paystub.

I'd ask the person doing payroll to explain why my paycheck didn't match my paystub (and W2).

Is payroll being done by a large payroll company? (I'd expect a large [more]

Fri Mar 18

NL

Boards Post

foo1bar replied to the Buying or Selling a Home board. 4:33 AM

Re: Changing lender after pre-approval lett

Well, during the past 20 - 25 years or so, while rates have been trending down, and/or very low, there has been an oft-quoted statistic that 90%+ of 30 year loans actually last 10 years or less, mostly due to refinances
I thought it was [more]

Thu Mar 17

NL

Boards Post

foo1bar replied to the Tax Strategies board. 8:02 PM

Re: Who pays tax on joint account?

If an account has an owner and a couple of co-owners, how does tax liability work? Who owes tax on the investment income?

In general I think it's that the person who owes/pays the tax is the person who has the income.

Lots [more]

NL

Boards Post

foo1bar replied to the Buying or Selling a Home board. 7:44 PM

Re: Changing lender after pre-approval lett

Are you sure they weren't going to charge for the appraisal?
The did it without authorization and the person hadn't signed the contract, and hadn't given the bank any money.
So IMO they could try to charge, but there wasn't a contract [more]

NL

Boards Post

foo1bar replied to the Buying or Selling a Home board. 4:24 PM

Re: Changing lender after pre-approval lett

while I was reviewing it, they ordered the appraisal (yes, even though I had not signed the loan application).

So 2nd bank was being proactive and trying to provide good customer service.

I protested so they canceled the [more]

Tue Mar 15

NL

Boards Post

foo1bar replied to the Owning Rental Property board. 5:22 PM

Re: Vacation rental house purchase?

"Moving the property into an LLC after obtaining a mortgage likely triggers the due-on-sale clause"

I've heard this a lot, but it didn't for me.


Did you update the insurance?
If not, they may not know [more]

Sun Mar 13

NL

Boards Post

foo1bar replied to the Buying or Selling a Home board. 12:35 PM

Re: Changing lender after pre-approval lett

Do I have to go with the second lender as they provided the approval letter to the seller's? Or can I still pick a lender?

This is why you have an agent - to ask these questions.

But I would expect their answer to be along [more]

Wed Mar 9

NL

Boards Post

foo1bar replied to the Tax Strategies board. 5:07 PM

Re: FSA - What is Eligible

There's also usually articles published about this time every year about how to use up FSA dollars. Their normal intended audience is people trying to use up previous year's money.

ex:
[more]

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