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Updated over 9 years ago on . Most recent reply

should I know about past building Permits
Hi all
On the verge of purchasing my first real estate investment property, I am going the route of fix and flip, purchasing a single family house from a wholesaler, as a pre-foreclosure, and sold as is.
It appears to be a great deal with a very good return on investment, I plan on keeping tight control on the repair cost and scrutinize everything.
There are several big tickets upgrades, the addition of powder room / breakfast nook, and 200 amp electric service. Question: should I investigate whether these items were properly permitted, inspected and closed out?? what is my responsibility
Thank you for any insight you provide