All Forum Posts by: Jason Fant

That's what I figured. Really the same thing I'm bouncing up against.

Thanks for responding so quickly. If I manage to dig up some more specific numbers, I'll be sure to share. Wish me luck!

Josh,

Did you ever find a source for the number of real estate investors? I'm working on a product geared toward wholesalers and haven't been able to quantify the market to see if this will make financial sense.

Even if you don't want to share the number, it would at least be nice to know if it is quantified somewhere that could be considered reputable :)

Thanks in advance for your help!

Hi Jeff,

BP is a great way to make friends in the wholesale RE market. Be sure to stay active and you'll definitely benefit from the folks here. Welcome aboard!

If your targeting rehabbers (fix and retail), another thing to keep in mind is targeting areas that are primarily owner occupied. A primary objective for rehabbers is to get out quick once we're done. Flipping houses in high rental areas is not all that conducive to that goal.

Welcome to BP! It's a great community with tons of knowledge being shared every day. Keep us posted on what your doing and don't be afraid to ask for help or advise. Good luck!

How far is the service run? $8k still seems high even if they have to bury new conduit. Is this in a concrete jungle? I know you said the existing conduit runs in the foundation, but is there another route to bring the service to the building. The copper line is definitely going to be $$$. The issue I have there is your looking at 4/0 copper which while not as bad as 2/0 alum, still will probably be too big to run through the existing 2" conduit. I'd definitely be looking for another route to bring the service in.

Looks pretty interesting. One of those simple things that I wish I would have thought of.

It has to be cheaper than the traditional surface tension guards since its really just a wide nylon sponge stuffed into the gutter. Let us know if you try it. I'd really be interested in how it works out.

So you've got a single 60 AMP service branched into 5 panels, all of which are fuses and not breakers, to serve 4 units? Is that correct? I'm surprised that you were able to get insurance at all. You need to upgrade that service. You're opening yourself up to all sorts of liability as a single 60 amp service is no where even near code for 4 units + common areas. Right know you own a 4 unit fire hazard. When it burns your tenants will sue you and will probably win.

$8k seems high for a service upgrade, but I'm guessing that also included replacing all the sub-panels in addition to the main. I'd be expecting to spend $4-6k. Your utility company will require that your electrician pull permits and have a final inspection prior to bringing the upgraded service to your property, so make sure you hire a licensed electrician.

Having said that, a 100 or even 200 amp service is not really going to be sufficient to serve 4 units + common areas. My suggestion, if you are going to do it, you might as well upgrade to separate meters and 100 amp service for each unit. It will be done right at that point, and it will increase the value of the property.

Good luck! Let us know how it turns out.

If the paint's in good shape and fits with the neighborhood, keep it. I think the white is fine for the shutters, but black would look good too. I'd make the door pop with a red color. Definitely do the defined pine straw bed around the trees, and do it at the foundation too. Those foundations shrubs need to go. Replace them with some japaneese hollys with a nelly stevens holly or arborviate to anchor the corner. I'd lose the shrubs around the big trees too. They just look scraggly. Make sure your plant beds are clean and well edged. Let us know what you decide and post some after pics. I'd love to see it when it's done.