Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on . Most recent reply

What can I do now (before) to speed-up the rehab?
I'm under contract to by an investment property in about 45 days. I'll be doing a basic rehab and the end goal is to keep it as a rental. I'll be using hard money to purchase. Obviously, it's important to get a tenant in ASAP and pay off the hard money lender quickly.
The rehab will include framing-in part of the basement to create a 4th bedroom, and then doing fresh carpet, paint, appliances and counter tops throughout the house.
My contractor didn't feel like a building permit would be needed until we decided to frame in that bedroom and he realized that there would be some electrical work needed (both in the bedroom and to clean up some DIY wiring by the current home owner.) So adding a permit to the process slows everything down right? I probably can't apply for the permit until I own the house, correct?
I'm looking for some advice on how to use the next 45 days wisely so that once I take possession of the house we can hit the ground running...
Most Popular Reply
You can always get a permit for the house. Inspections are not done until you call it in.
You can pick up a permit same day, unless you are removing load bearing walls and require some kind of engineering. I recommend doing a very simple plan so it can be check over the counter.
So i say start with the plans and have it ready. Then submit for permit once you have keys in your hand.
If you do it the way your contractor say and get it later. You could get caught by code enforcement for doing unpermitted work and get fined or stop work.