Big Mo emulates Donald Trump; becomes real estate magnate

[franksolich]

http://www.democraticunderground.com/11583973

Oh my.

mopinko (45,140 posts)    Tue Feb 23, 2016, 01:33 PM

opinions on modern stucco?
 
so, after a successful divorce, i find myself w some money to invest. as luck would have it, my sister and her hubs have made a midlife career change, and are flipping houses. they are paying a fortune for short term money, so i agreed to do a little venture capital lending w them. i feel that this is very safe, as the worst thing that could happen is that i end up getting a rental property.

anyway, i sort of got the bug from them. the house across the alley from me was recently foreclosed on. so, guess who the new owner is. yes, tis i.

it is a little frame single family in need of quite a bit of repair. i intend to keep it as a rental property.

one thing it needs is replacement of the old shingle siding. one of my partners in this venture tells me that it is getting to be the thing out in the burbs here to replace siding w stucco.

the old siding comes down, walls are foamed, then they put up stucco.

this would fit in very nicely in the hood, where old fire codes discouraged clapboard. about 1/3 of frame houses around here are stucco.

i know the old stuff is a pain in the ass, especially here in the snow belt. but the new stuff is supposed to be pretty well improved, w fiberglass meshes and fiber and all.

anyone have any experience/opinions on this? 

The Velveteen Ocelot (43,237 posts)    Tue Feb 23, 2016, 01:56 PM

1. Starting in about the '80s developers were using a lot of stucco
 
of a type that didn't breathe, and homeowners ended up with serious black mold problems. I know one person who had to gut his whole huge, expensive house down to the studs because the non-porous stucco caused moisture to condense in the walls and cover the insides of the walls with toxic mold that made their kid very sick. This was never a problem with the old type of stucco that was popular way back in the '20s and '30s. So be sure you know that the stucco you use won't make the walls so airtight that mold can form. I don't care for stucco much; if you want to paint it, it requires an enormous amount of paint.

Warpy (86,698 posts)    Tue Feb 23, 2016, 02:13 PM

2. Most stick built houses here in NM are stucco exterior
 
because the arid climate is pure hell on wood and sun damages vinyl and other siding pretty quickly. Also, our winters tend to be bitter although mercifully short and we do get snow.

That being said, the stucco job I had done on my present place is 18 years old and has one minor crack in it. I did go with the gold plated company in town and I've been glad I did. They finished quickly and professionally and with no last minute surprises.

As long as you don't go with the most rock bottom bid and you choose a reputable company, you can get a lot of years out of stucco in a pretty extreme climate like this one.

[JakeStyle]

a successful divorce,

Stopped reading.

[Carl]

so i agreed to do a little venture capital lending w them. i feel that this is very safe, as the worst thing that could happen is that i end up getting a rental property.

All money lent to friends and family should be considered a gift.
No,crazy scrunt,you will probably never see a nickel back or anything else to show for it.

[I_B_Perky]

A fool and her money will soon be parted.

[BlueStateSaint]

A fool and her money will soon be parted.

Any thoughts on how soon?

[Patriot Guard Rider]

http://www.democraticunderground.com/11583973

Oh my.

So why doesn't she take some of this money she has to invest, and give it to her fellow DUmmies who don't want to work so they can be equal?

Why does she hate socialism?

[BattleHymn]

Mo seems to be hellbent on wrecking the property values in her immediate area.  Those that are in the know of her address can see the "transition" of a palatial vacant lot next to her into a rat's nest of junk and chickens. 

Now, she's going to bring a rental into the neighborhood.  Her neighbors need to hire a community organizer and boot her out.

[GOBUCKS]

She may not match him in real estate, but she'd make a better president.

[Texacon]

Wait ...

Got found money and didn't share

Took advantage of some poor soul who was foreclosed on.

Bought an investment property.

Welcome to conservatism.

KC

[Big Dog]

Mo seems to be hellbent on wrecking the property values in her immediate area.  Those that are in the know of her address can see the "transition" of a palatial vacant lot next to her into a rat's nest of junk and chickens. 

Now, she's going to bring a rental into the neighborhood.  Her neighbors need to hire a community organizer and boot her out.

As a DUfus in good standing, she should provide free living space to less-privileged people.

[Karin]

That's right.  Remember the thread a little while back, where a DUmmie asserted that there should be no such thing as rent?  Obviously his was due and he couldn't make it, so it ended up being one of those FREEEEEEEEEEEEEEE!!! shit threads.  One of my favorites. 

[SVPete]

Wait ...

Got found money and didn't share

Took advantage of some poor soul who was foreclosed on.

Bought an investment property.

Ran afoul of myriad government regulations that doubled the cost of her "investment".

Got system-worker tenants who refused to pay rent, trashed her property, and reported HER for code violations THEY CAUSED every time she tried to evict them; and beat her attempts to evict,

Lost her, ummmm, blouse.

Welcome to conservatism.

KC

Added a few details.

[SVPete]

That's right.  Remember the thread a little while back, where a DUmmie asserted that there should be no such thing as rent?  Obviously his was due and he couldn't make it, so it ended up being one of those FREEEEEEEEEEEEEEE!!! shit threads.  One of my favorites.

The @#$% should be free when it's OPM and other people's property. But when it's Progs' $$ or property, that's sacred!

[jtyangel]

So mo with all this new found wealthbwhybdont you put your money where ypur bs values are and help those less fortunate? For starters why don't you find out who the previous owners in that foreclosed property were and put them back into the house rent free? Now I'd never do this but I don't fancy myself an altruist on the back of my fellow taxpayers either. So come on hypocrite live your ideals with your own money...another divorced female for example shouldn't have it harder than you just because she didn't marry a dAddy warbucks so get moving mo. Time to spread the wealth around and make some equality. Surely you aren't planning on hoarding it all for yourself you selfish priveleged 1 percent pig.