Repair Popcorn Ceiling 7 Sqft
The water from the attic air handler dripped down, I have to cut off a 7 sqft of ceiling and replace it.
Please help me with how to match the new patch with the pop corn ceiling,
the piece is about 2.5 ft x 3 ft,
How do I match with the current ceiling painting?
[addsig]
Lowes had a number of cans of popcorn spray and they or home depot can help you with the best techniques or sprays.
HOWEVER, you need to be careful because that stuff sprays all over the place (protect your outfit and hair and eyes etc.)
When I do a small area I place a box with the bottom cut out around the area and spray using the box to protect the splattering.
A 2X3 piece is probably too large of an area to use the cans on. Besides, it would be pretty difficult to match with those cans. If it were my project I would identify, the size of the popcorn (fine, medium, or course), buy a bag of it (about $10) and rent or buy a hopper ($70), plug it into your compressor and spray the area and blend it with the rest of the ceiling....this will only take a minute or two. You will probably need to repaint the whole ceiling...depending on how old the paint is.
There is a box of "popcorn ceiling" repair that you can get at Lowes. You mix it up and apply according to directions. We used a bristle paint brush after the initial coat and matched the rest of the ceiling well enough that no one noticed--even when asked. We were able to blend the color.
Yes,
Team up with a mortgage consultant that specializes in investment loans and knows which lenders allow for no seasoning refinances.
If your scores is at least 620-660+ you shoud be ok.
Of course ltv, credit, and documentation requirements would need to be discussed as well.
[addsig]
I use small local banks and have no problems doing what you wish to do. They all require that you leave at least 20% equity in the property.
I buy/fix/rent/refi approx 2 properties a month using this method. If you need 100% out you should sell as those loans are more costly and with the full amount financed the property will most likely not produce positive cash flow.
I am in the process of refinancing my third property with PHH Mortgage. They have no seasoning issues as long as there is decent credit and the LTV would be around 80%. Excellent rates for investment properties also. They are not brokers and hold their own loans. They have also been fast and efficeint. Hope this helps.
That does sound great. I have never worked with Habitat before, but I would imagine that you could learn a lot putting a house up.
I learned most of my building from helping out my father in law build his house.
Joel,
are there any "strange" real estate laws in North Carolina, we are looking at moving from Va to NC and continuing with REI there,
just wondering,
thanks,
Quote:
On 2007-01-20 08:37, joel wrote:
That does sound great. I have never worked with Habitat before, but I would imagine that you could learn a lot putting a house up.
I learned most of my building from helping out my father in law build his house.
[addsig]
Not to knock Habit for Humanity, but this is not the best way to learn rehabbing skills. Much of the work I have seen is amateur and a lot of short cuts were taken. Not work I would want to be known for.
Just my take on several houses that I have seen that were done by volunteers and prospective home owners.
Quote:
On 2007-01-12 12:08, sherina1 wrote:
Supplies/materials- $60,000
Labor $15,000
How did you come up with these numbers?
What we want to know is how did you determin your repair cost.
Mold scares away some but not all. On deal with an investment of $210,000 and a profit of $660,000 mold is not an issue.
Renting out a million dollar building for $3300 a month is not a good use of your (potential) asset. Yhat is less than a four percent return. You would be better off selling it and putting the money into a CD- which is one of the worst investment strategies IMO.
Give up on the renting it out idea if your figures are correct re: ARV and potential rent.
Chris
Two story building? How many units are on each floor?
You can figure on rehabbing the whole thing.
Also you must meet county codes when doing this much rehab. I wish you luck, your repair estimates seem a little low (in my opinion).
[addsig]