All Forum Posts by: Brian R.

In Boone county the only permit that you can not pull as an investor on your own investment property is electrical. However if it is for a property that you do or will occupy you CAN pull electrical permits and do the work yourself. Will be inspected by electrical inspector either way. Not sure about HVAC but I added duct work and Boone county inspector was OK with it. Im not sure if it is the same for Kenton county but its not too stringent. This isn't California where you have to get a permit to sneeze and then wait 5 weeks for an OK to do so.

Forgot to mention that Heritage Bank allows work to be done by the owner but the appraiser does inspections for the Draws to make sure the work is being done. If the city allows you to pull permits for it then it is allowed by the bank.

Contact Heritage bank. I've used them for my 2 BRRRR's and they have a great program. 1yr interest only. You put 20% to 25% down on the purchase price and then they finance the rehab 100%, similar to a construction loan. You draw money out as work is completed for rehab portion. Estimate a little high on the rehab budget and as long as the total is 80% of ARV you're good. Mine went over budget on both but we added work that we did not plan on doing and used our own cash to cover it. I'm currently on furlough but as soon as I go back to work I'm looking for my next project.

Good Luck

Brian

@Eric C. You may still get it but they are about out of funds.

@Michael Osborne I did put a loss amount. I put about 20k in as loss and in the notes I put that the potential for losses from Tennant's who MAY not be able to pay and the inability to evict for a few months.

By the way. I have 2 rental properties and no employees.

I got the $1000 today too. Applied as soon as I heard about it from THIS THREAD. THANKS to the original poster.

shows:

ORIG CO NAME:SBAD TREAS 310 CO ENTRY DESCR: MISC PAY $1000

 Yes. I also applied as soon as I heard about it. We'll see.

I have a new Inquiry from sba. Guess they are processing my EIDL loan / grant maybe. Though they ran out of money.

@Michael Peters

The Law actually requires the tenant to request an accommodation for an ESA and be granted the accommodation Before it is brought into the property. I just spell it out for them in the lease. Property manager must review the request and can deny under certain circumstances. If you have only 2 single family rentals or if it is 1 to 4 family and owner occupies 1 unit you can deny, no if's and's or but's.