All Forum Posts by: Chris Seveney

I was not aware of this. It may depend on county but in fairfax county the owner of the property can pull the permits and act as the GC. You of course are required to use licensed contractors

I did this when I built my house.

For financing purposes if you are using conventional lending the bank will require a licensed general contractor and will not let the owner act as the GC without a license - but this is a lending requirement and not a county requirement

What county is this in ?

As noted above, what does your agreement with the contractor say ? In regards to missing equipment that will be on him and an insurance claim. I would refuse to give in to his demands he is in essence threatening you to try and get another $1200 One comment that has not been noTed is to make sure to have lots of pictures taken of the work done. If it is not per your standards note it. Also send him an official letter terminating the agreement and note reasons why

All,

This one is a doozy. I have a family friend who leased an apartment in maryland then sub-leased it to another person . (I guess they did a sign an agreement but never got it blessed by the property manager which was stated in her lease she needed to do). She left town and now he stopped paying rent and is living for free. . She now has gotten an eviction notice and has a court hearing this week. 

She is afraid of a civil suit from this person if he is evicted because his agreement is with her even though he has not paid rent and also has not paid the utilties (which they are going to shut off), but she left them in her name but he is responsible.

Long story short, anyone know a good tenant/landlord attorney she could call.

@Jarrett Haynes

- Welcome, I am a newbie as well in the DC REI market. If you ever want to get together let me know. Looking for new investors to discuss and bounce ideas off of that are local

One thing not discussed in this post or in many posts that I have read is the number of new apartment buildings being built in major cities. In Washington DC area there are apartment buildings going up everywhere in and around the district. This will add competition and I am not an analyst nor an expert in supply/demand but one would think rents in the District and surrounding areas will not have large gains in the upcoming future because of all the rental units coming online in 2015 and 2016.

Thoughts?

Goodman, Trane, Carrier or Bryant (is owned by carrier and cheaper).

The dryer has specific lengths for the exhaust. Some dryers out there can sustain a run of 125' (just put them in a new condo building). A comment earlier is correct that the 90 degree bends decreases the amount you can run. For example if a dryer allows a length of 40', deduct 10' for each 90 degree bend and that is the total run you can have

Legally Yes. 

@Kevin Harrison

Welcom e BP. I am also from Northern Virginia and new to BP. If you ever want to get together to strategize let me know. I am looking to network with investors (new and seasoned) in the area.

Baltimore is a heavy investor area with a lot of wholesalers. I would see if you can be an apprentice to one of the wholesalers already in Baltimore.