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Updated over 2 years ago on . Most recent reply
University City, Missouri Rental Properties
I've been investing for quite some time usually buy and hold and some rehabs but have never invested in University City. I've been looking at some houses near 170 and olive. I was wondering if anyone can share some of their experiences with occupancy inspections and inspectors and if they are difficult to deal with. I've heard that they make you pull permits for light fixtures but not sure if it's true or not. What about things such as furnaces, hot water heaters, ac units, electric panels. Do they nitpick everything? How does the city compare to some of the neighboring ones such as overland? Thanks in advance
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@Melanie Tucci, I had a wholesale buyer back out on a property I had in U City because he wanted to add a half bath. After his contractor walked it they noticed some knob and tube wiring, U City would have made him upgrade all the electrical if he wanted to get a permit to put in a half bath which would have killed the deal. I did find a buyer for it but everyone was complaining about U City inspections/permitting process when they were looking at it.
My thoughts are if you are going to buy something there make sure you get an inspection period and walk it with contractors familiar with U City and if the repairs you need to do to get up to code are going to kill the deal then back out...