Knob and Tube Electrical

[John Solis]

So I'm looking at my first investment property. Still pretty new and in the learning phase. Looking in the Cleveland area and I'm noticing a lot of knob and tube wiring. Looking into the BRRRR method. Currently looking at a 2 story 3 bed 1 bath 1700 sq ft house that needs complete electrical update. I have no idea how much something like this would cost. Can anyone recommend a good remodel contractor in the area? Mostly looking at the East side of Cleveland. Thoughts? Tips?

Also I realize I may note be even asking the right questions. This is my first post. Take it easy on me! haha 

Thank you!

[Denis Woosley]

You do not need a full rewire just because of existing knob and tube. K&T is par for the course around here and as long as it is functioning normally then you just need to make sure that you do not have 3 pronged outlets being used for ungrounded lines. Hopefully you can find a good contractor through your agent/pm because most people are not willing to give up their contractor.