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All Forum Posts by: Leo Poon

Leo Poon has started 6 posts and replied 96 times.

Post: Trading W-2 for Self Management- 0-92 Units in 16 months!

Leo PoonPosted
  • Rental Property Investor
  • Queens, NY
  • Posts 99
  • Votes 70

Fantastic job Collin! Just by looking at all the books you have read and the phone call plus the handwritten letters you have made, I can see why you have accumulated 92 units in less than 1 and a half year. Keep up the momentum!

Post: Need GC to be licensed for rehab job?

Leo PoonPosted
  • Rental Property Investor
  • Queens, NY
  • Posts 99
  • Votes 70
Originally posted by @Brian Pulaski:
Originally posted by @Leo Poon:
Originally posted by @Brian Pulaski:

@Leo Poon permitting and requirements are so area specific his answer would have no bearing on what you need to do (unless you invest in his area). Permitting can even be town specific. He probably was able to pull a permit as he was the property owner. I have always been able to on my owned homes. Letting anyone pull one may not be the case. It's best to know before you decide who to hire.

 True, I believe the tri-state area which I want to invest generally needs to submit a plan to get the permit. 

 I have done flips in the Tri-state area, CT and NY. This will still vary by town to town. There is no set standard that everyone follows. I have only ever had to submit a formal plan a couple of times. I drew the plans myself and no one questioned them. This again was because I spoke to the town before I started and asked what they needed.

 Yes, it's always a good idea to ask the town's building department for the requirement first before rehabbing.

Post: Need GC to be licensed for rehab job?

Leo PoonPosted
  • Rental Property Investor
  • Queens, NY
  • Posts 99
  • Votes 70
Originally posted by @Brian Pulaski:

@Leo Poon permitting and requirements are so area specific his answer would have no bearing on what you need to do (unless you invest in his area). Permitting can even be town specific. He probably was able to pull a permit as he was the property owner. I have always been able to on my owned homes. Letting anyone pull one may not be the case. It's best to know before you decide who to hire.

 True, I believe the tri-state area which I want to invest generally needs to submit a plan to get the permit. 

Post: Need GC to be licensed for rehab job?

Leo PoonPosted
  • Rental Property Investor
  • Queens, NY
  • Posts 99
  • Votes 70
@Leland Smith When you said you pulled the permits yourself. Do you or some engineer need to draw out the plan for the permit?

Post: Fundamentals of Real Estate Investing Workshop (1 of 3)

Leo PoonPosted
  • Rental Property Investor
  • Queens, NY
  • Posts 99
  • Votes 70

Hi, I am at the library. What part of the library is the workshop going to be at?

Post: Looking for rehaber/opportunities in North NJ

Leo PoonPosted
  • Rental Property Investor
  • Queens, NY
  • Posts 99
  • Votes 70

I suggest not to get hung up on the term gut renovation. As long as there is no major problem such as a foundation issue or underground tank issue. Then gut renovation can simply mean cosmetic job throughout the house.