All Forum Posts by: Kurt Brauner

I just completed 800 sqft of LifeProof planks over 12" ceramic tile in a recent flip. I was apprehensive about not removing the tile but took the chance as worst case scenario we remove and relay the flooring. It was a very sturdy product with padding. The end result was the same as what we normally lay over concrete foundation, needless to say I was pleased with the outcome. 

Stephanie,

I am familiar with the property that you have posted. This would be an extreme expensive to repair the foundation on that property . Although the MLS states that the property was built in 1979 and further settling is unlikely I would be wary of that claim. I have in the past purchased numerous homes in Pahrump that have had foundation issues, mostly from banks, and sold them as tear downs. All of the homes in Pahrump built before 2002 were not subject to building codes that required soil samples and engineering report. The reason the foundation is sinking is unstable soil and have the foundation repaired will be a temporary fix.

I have converted MH to real property in Nye county and it was a breeze. A simple affidavit which is recorded and a $40 payment to the Nevada Manufactured Housing division. 

As for Clark county, I have never personally completed the process but have seen it done. It is a more complicated process than Nye and building permit and inspections are required. The whole process takes a few weeks.

I have used Anderson Advisors and Marquis, Aurbach & Coffing. I would recommend both as they both exceeded my expectations.  

I would recommend 2 books both by J Scott. The Book on Estimating Repair cost and The Book on Flipping Houses. Both will give you the basic knowledge to build and price any scope of work. 

As for a mentor, I believe your best bet would be to attend any of the various REIA groups in Vegas and meet people that are doing what you want to be doing and provide them some form of value and you will find a mentor.

I use a company called JW Flooring or call ProSource Las Vegas and ask a rep for a recommendation.  

I would second that probably not... Check NRS 645.280

A work around would be to get the property under contract and assign the contract to the end buyer. 

I just found my new niche in Vegas!!!!!

Hi Brian, welcome to the forum!

The question of how much of a loan you can expect would depend on what type of financing you decide to use. Such as FHA or conventional financing. Conventional financing typically would require 20% as down payment not including closing cost. FHA would require aprrox 3.5% down + closing but will require mortgage insurance which will increase your payment.

I would recommend that talk to a good mortgage lender who will guide you in the process. They will be able to give you advice on specifics on how you can achieve your goals! If you need any info on a lender let me know and I will direct in the right direction. 

You most likely would need 20-25% down for a non-owner occupied investment property. 

But there are other strategies that could get you there! Possible to find a partner that has the cash for the DP. Or if you can find a great deal use hard money to purchase and rehab and then refinance, BRRRR!