All Forum Posts by: Jason Chase

I have been doing fix and flips for a few years. Here in Maine when you see knob and tube you should expect to be pulling all wires from your buy. It’s old and unsafe. We in Maine pay about 10sqft for new wiring. So if you have a 2000 sqft house it should be around 20k 

To line a chimney is could cost 2500 to 5k. But please note if you have another chimney maybe try to not use the one you have to line. Just never put two units on one chimney flue. 
changing  out a furnace or boiler can change a lot depending on what you want for a system and how good you want. I would budget 10k-12k

Me personally if I see asbestos I would run the other way. That is just me. I don’t have the certification to take out and disposal of asbestos. Depending on the state and town you life in really looking into this. This bill could cost you a small mint to fix with a good license abatement company. I have seen bills hit the 40-65k for a 1500 to 2000 sqft. Depending on what needs to be done you might want to see a few estimates before sticking with this deal. You  May want to go back to seller and work out a deal that works best for both of you. When you need this much work.  
you are definitely going to want to make sure you have a contractor that know what they are doing. Not only are you going to be dealing with the town code enforcement office you could be working with the dep and they don’t play around. When they pass out fines you better like to write big checks. They can hammer you and pull licenses and permit shut you down and fine you per day your out  compliance. 

How did you get the hard money. Was it a brokerage or private investment?

Address is 752 n brewick rd wells Maine was on mls 

I’m from southern Maine would like to talk with you and see if you’re running into the same issues 

Southern Maine investor looking for like minded people to talk with 

Investment Info:

Single-family residence other investment in Millwood.

Purchase price: $115,000
Cash invested: $200,000
Sale price: $420,000

1100 sqft ranch stick frame new build

What made you interested in investing in this type of deal?

This project I sold

How did you find this deal and how did you negotiate it?

Mls

How did you finance this deal?

Hard money

How did you add value to the deal?

Hard work

What was the outcome?

Great sale price

Lessons learned? Challenges?

Hard to work in town of wells

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes to agents bankers