All Forum Posts by: Brad Caudle

This helps me out. Thank you all.

I am interested in flipping properties and am wondering about the advantage of also being a real estate agent. Is it practical / worthwhile to get your agent license purely to avoid paying listing-agent fees on house flips? Does said person have to pay monthly fees for MLS access for this benefit?

I live in Missouri and a couple years ago I inherited a 0.5 acre empty lot (uncleared with electric poles) on the eastern edge of Lehigh Acres, FL. I’m trying to decide what to do with it.

Around 2007 my dad was offered $60 K for it, though it couldn’t be sold due to a tax lien (now expired). The 2008 financial crisis dropped the value big time. Currently Zillow has it at at $5.6 K.

Can I expect a day when the much higher value returns? What conditions cause empty lots to go up in value and what should I root for? I’ll need to pay $2 K to have a Florida attorney handle the Probate (I’ve procrastinated) and then decide whether to hold long term while paying yearly taxes or sell what is now a small asset.

I will be selling my $1,000 sq ft SFH (2/1). I put on a brand new roof and new central HVAC. The wiring is old knob and tube and is visible in one room that has no drywall. As to the wiring, which selling strategy is best?

A) Sell as is.

B) Drywall the 1 room and hope that old wiring eludes inspection (is that possible?).

C) Pay $7,000+ for new wiring.

I don’t want to spend thousands on wiring if a great sellers market makes it unnecessary. My contractor / inspector is trying to convince me it’s a moral necessity to update due to possible fire.