Archive for October, 2008

Careers/jobs for a Hs Dropout with GED?

MikeJones asked:

I would like to know what more options of careers i have.
I have been thinking about:
Auto Collision/repair
Carpender
Construction
Plumber

Please help me out
thanks

Why does my boiler constantly need topping up?

Keira H asked:

My boiler is about 7 years old, so not too old. But a few times in the last year, we’ve had to call out a plumber because the water pressure keeps dropping and it trips something inside. We have to top it up every 3 weeks or so – is that normal??? And what could be causing it? There’s no noticeable sign of a leak anywhere. Is a leak the only reason the pressure could be dropping so quickly?

Thanks!

Rental Property?

Johnny H asked:

Hi.. I am a recent landlord and have had problems with my tenants in which I have asked them to pay for damage to my property. They have since written me a letter back saying that will not pay for the damage because they feel they are not at fault. The issue is the washer machine they installed aparently was installed improperly due to excessive water under the washer machine leaking to the first floor ceiling causing 6k in damage. I have hired a contractor and plumbing both confirming there were no signs of leaking pipes and thermal images from the contractor shows water originating from the laundry area directly under the washer. What are my next steps for claiming money to pay for the damage the tenants have created. I have already payed for the repair of my home.
That is what I did. There renters insurance does not cover structual damage to my place. So I am asking for them to pay for the my deductible.

Budget – house purchase?

Lance asked:

Looking to buy my first house, I have one in mind, I’ve calculated a rough estimate of a payment online, and put together a budget to see if I can afford everything before I go to the bank. Those of you that own a house, look at my list and see if I’ve missed anything. The house has had a lot of work done (carpet, shingles, plumbing, cabinets, sink/stool, furnace) so I don’t see a lot of repairs coming up.

Thanks!

Mortgage
Groceries
Clothing
Car Gas/Maint
Electric
Gas
Sewer/Water/Garbage
TV/Internet/Phone
Church
Other/Misc
Car Insurance
House Insurance

When I factor the above expenses with my income, I have 12% left over, or $225.92.

All advice is appreciated!!!! Thanks!

Da Man asked:

The home was purchase in 2006 for $360,000 and foreclosed in fall of 2007. The house was way overpriced for the neighborhood and no-one purchased the home at auction. The bank kept the home and was owed 285,000 from the previous mortgage.

Research on the neighborhood tells me that the home if it were in good working order would be around $230,000.

However, the lighting fixtures are gone ($700), the crawl space copper plumbing is stolen($3000), and around $10,000 worth of appliances, HVAC etc. are gone. I estimate about $15000 of repairs immediately. What is a reasonable sale price assuming these numbers are correct?

I believe that a 90% of the asking price minus cost of repairs which is estimated to be around 6.5% of the asking price so a final sale price of 83.5% of asking price seems reasonable.

Is this reasonable? How much should I expect the bank to budge?

Thank you in advance for this real estate advice!
HVAC costs $7000
All other appliances cost $3000

Total estimated repairs + appliances incl.HVAC= $15,000

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