All Forum Posts by: Brennan Clayton

@RIley McDowell it’s looks like you have a bright future ahead of you! I have five rentals in Valdosta, I know a great realtor and lender duo if you need help finding one. Bigger Pockets is a great place to learn, so much free valuable information.

@Leroy Williams we have used Daniel Schert from Langdale Vallotton LLP for all our closings in Valdosta.

@Michael Ronn that’s awesome, congrats! We are investors in Valdosta as well. I know a couple banks in Valdosta that would do 20% down on multi family and 15% down on single family rentals. Feel free to message me if you want their info. Good luck on the renovations, sounds like you’re going to be able to add a lot of value.

@Matthew Irish-Jones all old wiring was removed there is no old wiring in the entire house. He rewired the entire house using romex and brought it up to code. He did it through the crawl space and attic whichever was easier. He didn’t have to remove a single wall which is impressive considering old homes are hard to fish wire through. I was there working most of the time when he was rewiring and his team did a good job. The only area I have to repair is in the guest bathroom there was two sconce light fixtures and he had to make the hole a little bigger than it already was. That’s an easy fix though.

@Matthew Irish-Jones wiring was from the 50s, he removed all the old wiring from attic and crawl space and rewired the entire house with Romex wiring, added a breaker box with new breakers, new light switches, outlets, and covers. He also hung all our new light fixtures we recently purchased. He did a great job, I was very impressed.

@Gabriel Miritello I would get multiple quotes as many people have probably already told you. I have a 100+ year old home that’s 2,200 square feet that just finished getting rewired. First electrician said I needed to remove all the walls and he’s charge 15k-20k. Second quote was for 10k and the third guy said he could do it for $5,375. I went with the cheapest guy and he did a great job. He has been an electrical contractor for 27 years and said he doesn’t have the overhead like most electricians so his prices are much cheaper.

@Chris K. What I’ve been doing is finding a specific appliance I’m looking for and then finding which retailer has it the cheapest and which retailer can get it to me the fastest. I will then have the the fastest retailer price match the other retailer. You get your appliance quick and at a great price. Lately Best Buy has had the cheapest appliances.

@Michael Baum it is not knob and tube wiring, I went over with an electrician today and looked. It’s two wire Romex. I looked this up and the National Builders Code said using GFCI is a good option to use rather than replacing all the wiring. I appreciate your advise! This may be what I end up doing.

@John Majoris Yes, that's a good point. We don't have any STR so we are still learning. I'll add the supplies to the cleaning fees that way I can remove the $200 cleaning expense.

@Andrew Simms I appreciate your feedback, I will have little money in the deal so that is something I do need to consider. If we do the deal capex will be low because roof is brand new, we will update the electric and a/c is fairly new as well. Regardless it is a 1920s home so I do need to make a decent budget for capex & maintenance. Thank you!