All Forum Posts by: James Bailey

It is my understanding that the timing for when you pay your taxes will depend on the type of business you have set up, but I'm no expert. The CPA that I use can help you get it straightened out. He really knows his stuff. I just PM'd you his info.

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Originally posted by @Joey Hamaoui:

@James Bailey here in the Jacksonville market I don't think the gas stove will provide additional value until you get into the higher price range homes (~$250K and up). For most of the properties I see being flipped a stainless steel electric stove will be sufficient. If you can get gas for the same price great but otherwise unless your property is in that middle price range I would recommend just going with what is cheapest. Just get a stainless steel option. That is a top seller in Jacksonville. The only time anyone ever asked me for a gas stove was on a $450K home in Saint Johns.

Gotcha. Thanks for the input.

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Originally posted by @Aaron K.:

If you can't find a local partner, you might just want to pass, it isn't your area of expertise, so it seems a bit risky to do anything else.

I agree. Thanks for the input @Aaron Klatt.

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I received a call today from someone local who received one of my postcards, but the house that she wants to sell is in Puerto Rico (not really out of the country, but still...). I don't know anything about that market. What should I do? Anyone in that area want to talk about a partnership or wholesale?

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Thanks very much for the help!

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Originally posted by @Jack Bobeck:

@James Bailey If this was your primary residence, I'd say go with gas, but since its a flip, do whatever is most cost effective. Its a hot market and if the beds and space fit what someone wants, they wont question electric vs gas. Good luck!

That's just what I was thinking. Thanks!

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Originally posted by @Andrew B.:

gas is usually preferred as it is cheaper to run.

Right, but from the prospective of the current market (being flooded with buyers), and (from what I see) gas appliances being more expensive initially, I would think that it would be more cost effective to go with electric. Am I wrong here?

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I am under contract on a property in Jacksonville, Fl (primary exit strategy is flip) which currently has a gas stove, and gas water heater, but electric heating and no gas line at the clothes dryer. Behind the stove, there is the gas line, a 110v, and a 220v outlet. The water heater and stove need to be replaced regardless, but my question is; should I replace these with gas or electric? Does it matter?

Thanks

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I know this is an old Post, but just to update this info, Jeremy Harmeling is no longer in the Jacksonville, Fl area. However, he is in the process of transferring his license to the Raleigh, Nc area. So, our loss will be their gain.

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@Jacob L White did you find the GC contact you were looking for? I am right across the river from you, and have been looking for the same thing.

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All Forum Posts by: James Bailey

James Bailey has started 5 posts and replied 51 times.

Post: When and how do I pay taxes on profit from a flip?

Post: Replace Gas with Electric?

Post: Leads on Properties which are out of the country.

Post: Leads on Properties which are out of the country.

Post: Replace Gas with Electric?

Post: Replace Gas with Electric?

Post: Replace Gas with Electric?

Post: Replace Gas with Electric?

Post: Buyer's Agent in Jacksonville

Post: GC in Jacksonville FL