Many times the HARD MONEY will eat up 35% of the profits in a decent job compared to using your own hard-earned.
And they may help keep a newbie straight by only being willing to loan up to 70% loan -to-value, holding you back from paying too much for the property.
Just make sure you are getting a great deal and only use it if you have to. If you have good credit adn job history, you can get traditional financing, but, good to know what you can do if you need to.
[addsig]
I plan on using different paints for the specific, I am looking for a Primer/Sealer such as KILZ or the like. Do you have any experience these type of products???
jtmac77 possibly reinforces my point concerning Kilz. If you just ask for, or pick Kilz off the shelf you may indeed get the "original" formula that is difficult to clean up, solvent based and will raise the grain on all surfaces applied to. In recent years Kilz has come out with all purpose water based primers as mentioned eariler. Stick to these if you can.
Also some years ago when only the Kilz "original " formula was availabe, I too just asked for it, used it everywhere including on new drywall.............I guess you can figure out what happened ???
Geneerally I use kilz as the best stain blocker though I have used other oil and water based primer as well. Oil based paint does not generally "raise the grain", water based may. I l ike oil based because your equipment cleans easier and better with thinner than it does with water, also I am generally in a big hurry and I can start painting faster following oil base primer. Oil base sticks to oil base paint better than Kilz 2 etc and is a better stain blocker.
If you were to go into a home and textur it all over then a standard pva primer would be sufficient to seal the texture regardless of the type of paint underneath.
I would use kilz, I prefer the original for indoors and it is about 6$ a gallon in the 5 gallon can and that is hard to beat
[addsig]
Thank you Stockpro99. I stand corrected. The oil based paint will not raise the grain. I meant to say that the Kilz "original" in my opinion will leave a rougher to the touch surface than other primers especially on woodwork, kitchens & baths. I have had to do light sanding with #220 paper prior to applying the finish coat of oil or water based paint so the finish will come out smooth for a good or better quality type job.
I currenty work at a Sherwin Williams and think I can help you out. For a high grade interior, exterior latex primer, use a product called Problock latex. This stuff goes on anything and will run you about 25 per gallon. For a stain blocker ask for SF1 primer. Hope this helps
Julieann, sounds like I have about everything you described. Patched drywall, crayon colored walls, dirty cabinets (wood with poly, to be cleaned and painted) concrete block retaining wall (with solid paint), textured ceilings, etc.
CONS:
High cost
int rate and point
So even if you pay it off fast, the points can eat you up.
PROS:
Fast funding
no income/assets/credit (sometimes) check
"no questions asked" mentality.
Many times the HARD MONEY will eat up 35% of the profits in a decent job compared to using your own hard-earned.
And they may help keep a newbie straight by only being willing to loan up to 70% loan -to-value, holding you back from paying too much for the property.
Just my $.02.
I bet if you gave the sellers the same terms you are willing to pay the Hard Money lender you will get great reception.
And it doesnt mater if you have to pay 35 % of your profits to earn 65 percent of the deal...
Remember you cant loose what you dont have.
Just make sure you are getting a great deal and only use it if you have to. If you have good credit adn job history, you can get traditional financing, but, good to know what you can do if you need to.
[addsig]
I plan on using different paints for the specific, I am looking for a Primer/Sealer such as KILZ or the like. Do you have any experience these type of products???
Kilz works great but it can be a pain to clean up.
jtmac77 possibly reinforces my point concerning Kilz. If you just ask for, or pick Kilz off the shelf you may indeed get the "original" formula that is difficult to clean up, solvent based and will raise the grain on all surfaces applied to. In recent years Kilz has come out with all purpose water based primers as mentioned eariler. Stick to these if you can.
Also some years ago when only the Kilz "original " formula was availabe, I too just asked for it, used it everywhere including on new drywall.............I guess you can figure out what happened ???
Geneerally I use kilz as the best stain blocker though I have used other oil and water based primer as well. Oil based paint does not generally "raise the grain", water based may. I l ike oil based because your equipment cleans easier and better with thinner than it does with water, also I am generally in a big hurry and I can start painting faster following oil base primer. Oil base sticks to oil base paint better than Kilz 2 etc and is a better stain blocker.
If you were to go into a home and textur it all over then a standard pva primer would be sufficient to seal the texture regardless of the type of paint underneath.
I would use kilz, I prefer the original for indoors and it is about 6$ a gallon in the 5 gallon can and that is hard to beat
[addsig]
Thank you Stockpro99. I stand corrected. The oil based paint will not raise the grain. I meant to say that the Kilz "original" in my opinion will leave a rougher to the touch surface than other primers especially on woodwork, kitchens & baths. I have had to do light sanding with #220 paper prior to applying the finish coat of oil or water based paint so the finish will come out smooth for a good or better quality type job.
I currenty work at a Sherwin Williams and think I can help you out. For a high grade interior, exterior latex primer, use a product called Problock latex. This stuff goes on anything and will run you about 25 per gallon. For a stain blocker ask for SF1 primer. Hope this helps
Thanks for of the replies.
Julieann, sounds like I have about everything you described. Patched drywall, crayon colored walls, dirty cabinets (wood with poly, to be cleaned and painted) concrete block retaining wall (with solid paint), textured ceilings, etc.
Thanks