All Forum Posts by: Dave Smart

Hi, I am seeking an investor friendly agent for the Daytona Beach area. This would be for either a rental property (condotel or single family) or flip. Any references would be greatly appreciated!

Hello, I am in the process of rehabbing a home in CT to flip. The basement of the house has a sump pump that is always filled with water and runs about four times a day. To fix this I hired CT basement systems to install a warrantied system that will guarantee a dry basement and this transfers to the next owner as well. The warranty does not cover the pump not running if the power goes out which has led to the idea of installing a propane generator. It does not fit in the budget to get the generator but will 100% eliminate any second thoughts the potential buyer might have of the basement system. This is a semi rural home and power outages are not uncommon in the area.

Is there a descent ROI on installing a generator in a flip?

- Thank you, Dave

I was just informed that natural has is not available at the house so I might just leave it. Im not too sure what to do since it will be tough to get an oil tank in the basement and am not sure if the subdivision allows propane tanks

@phil z. So you think it would be ok leaving the electric heat? I have an extra 5k in my budget I was trying to save for profit as the kitchen was much cheaper than expected but I'd rather keep it unless I get a good roi on converting the heat.

A friend of mine is an hvac guy and I'm waiting for the attorney to close so I can bring him to the house and see what he has to say as far as the price goes

thanks for the advice George. I am not sure yet if I have access to natural gas, I still have to call Yankee gas but it is a relatively new development so I am hoping so. I didn't even think of using propane but that option does interest me.

Michael, the house is located in torrington and my original budget was 15k but it looked like I can get away with 10k Before changing the furnace

That is a very good point Andrew and all the hvac including the furnace is in very good shape I am just a bit worried about the negative connotations that come with electric heat.

Thanks Roy that's exactly what I was looking for. I appreciate the responses.

sorry about that the furnace is electric from 1991 and the radiators are hot water baseboard

Hi everybody, I recently purchased a home with electric hot water baseboard heat with an arv of $140,000 and was wondering if I should replace it with a natural gas or oil furnace? 

What have been your experiences with selling flip homes with electric heat? Will converting it actually add value or help my home sell faster?

Many of the homes I looked at had electric heat that were reo's as well.