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Updated over 5 years ago,
PULLING PERMITS AS A NEWBIE?
Hello all,
I am new to investing and am working with an investor who operates his own development company. He will be the general contractor for my first project. He also happens to be a family friend (I actually taught his kids in 2nd Grade years ago).
The property is pretty much turnkey and is a 3rd Party approval sale from hard money loan that defaulted. I had a home inspection done with no major issues reported. There is a small amount of cosmetics needed on the outside. My GC has asked me to review the permits that were pulled for the property since his company wasn’t the one who did the rehab. Is this normal? I know I should check permits for my own due diligence but I was wondering if it was standard for a GC to ask the investor to do so? I have no problem doing it and look forward to learning, but want to know if this is a standard expectation.
Also realize, I have no idea what I am looking for after I find the permits. I am suppose to check on the permits in Baltimore City, but how do I know if they are complete?
Thanks for reading and for any advice offered!