All Forum Posts by: Nancy Wang

Thanks for the reminder to be cautious. Like to try some new stuff. What I should look out for if I choose to pursue this opportunity?

Charlie thanks for your post. The roof is there. 

C.O. will be the last step when the house finished I believe? City will give you C.O. before the house is completed? I saw the temp power pole in the back yard.

This is in Dallas, TX area. I am interested in a half constructed house - house was built on top of an existing foundation (pier and beam); The original house was in 1950's and one story, now the owner has framed up 2 stories. The finished items include: brick veneer and siding, frame, exterior wall insulation, windows/exterior doors, electric wires, plumbings, HVAC, bath tubs. 

I have never done any house construction or flipping. I only have experiences in buy and hold. What I can think of the rest of the work for the house is: Sheetrock, paining, flooring, installing cabinets/counter tops in kitchen and bathrooms, tile up around showers, appliances (water heater, dishwasher, range oven, microwave oven), light fixtures, interior doors.

I am posting here to seeking advise on any major to-do items I missed? For this to-do list, how much it will cost for a 4000 sqft / 5 bed / 4 bath house? The majority of neighborhood houses are below 2000 sqft built in 50-60's selling for $100/sqft. The finish I am doing will be functional but non-fancy. 

The construction has been in halt for a few years. What I should look for? I need hire an engineer to look at the structure before signing the contract? I need go to the city to check if all the job already done was inspected and documented? 

I will appreciate any insights and help very much. I am very excited and also very nervous. I have been doing very well on buy and hold and have been always wanting to do flip. Please help me start. 

@Mike O'Connor  I am converting a half bath to a full bath by using a closet behind. Did you pull a permit for the job? 

Thank you everyone for the response. I will get the permit. Will it be better to have the contractor to apply for the permit or myself?

I am buying an investment property in Fort Worth, TX. Once closed, I would like to add new walls to separate bigger empty areas into individual bedrooms. No windows changes are needed. Only need add walls/doors/closets. Also I will add a shower to downstairs half bath to convert it to a full bathroom. I am hiring a licensed plumber doing the whole job.

I called the City. City said permits are needed for above jobs. The contractors I have been talking to all said it is not necessary. I understand all the jobs are done inside so City won't discover it when the work is being conducted, but since I plan to hold this property as rental for a  while and eventually I will sell it. I am wondering anybody has any experiences and suggestions on what I should do now? Can I get by without pulling the permit? Without a permit, once the City found it out, what will be the consequences? How much time and money cost i have to add by pulling the permit? Do you guys investors always pull permit in a similar reno job? Thanks a lot.