All Forum Posts by: Ronald Ty

 90% success rate? Ok, here's 2 observations of his system with clients:

will county Sheriff sale. His people bidded on a property on a deal & won (there were about 15 experienced bidders there. He overpaid). Drive by the property the next day. A lot of workers were there. 

Next week they start doing the work. Week after that, property is flagged by the village for doing work without permits. Property sat for months. Turned into a rental. The return had to have sucked. 

Property #2 was a home That also needed a ton of work. I was the only other bidder (sucker?) Along with the client Andrew's company represented. I got "lost in emotion"  & bidded it up and up and (thank God) lost. This village always requires a walk thru by the building dept  (so no doing stuff without a permit) and man was the write up of repairs long. This home also was where the previous owner had passed away. Maybe for this reason (who knows?) This home sat literally for a year then the work started and took another 9 months. Then, it became a rental. Another terrible return. Maybe his investors has had 90%  success but, to me, I saw 2 deals & felt bad for the investors plus the 10k-35k spent on education.

Definitely an ac unit outside and a boiler in the basement.. didn't notice any radiators in the pics but they could have been hidden?

Curious, why would there be a boiler unit, in the basement, & an AC unit outside with hvac vents in the main level kitchen? From what I've read, they both have to be independent of each other.

If you were going to flip the house (it would be a high end home), would you switch the boiler for forced air furnace? I would think you'd need to rip out all the boiler pipes throughout the home (it's a tri level). 

Or are there other options?
 

I wonder if those who don't pull permits take pics b4 they close off the wall? Still, you would need a licensed trade for certain items, prolly a plumber 

I saw a flip done without permits. Listed and contingent. I went by the home today and saw a village building dept stop work order (no, o did not call). Im thinking the home inspector suggested to the buyer to see of any permits were pulled. 

Regardless, what happens in this regard if no licensed plumber (new bathroom was added) or electrician (new panel) were done?

Yeah windy city rehab does them too. The other thing I thought of is what do you about the support beams? You're digging out the ground underneath it. I was thinking YouTube too.  The thing is, with windy city, she is doing it for a big spread or a homeowner who doesn't care as much about the price if they're really loaded. 

Yes, to finish a basement.  I don't think it would cost 100k to replace 1000 sq feet. I think 20k is what someone told me. I would guess 30k.  I saw a video of it. They brought in a cement truck and poured it in.  Not sure if you'd have to support the foundation? All that's being done is replacing the concrete and dig several inches. Kinda like replacing a concrete  patio. 

For older homes, the height is typically not to code so the existing concrete floor needs to demo'd & then dirt dug up to meet the height. 

My question is does everything on the floor need to be removed (ie, the furnace & water heater in the mechanical room) & then put back in? And does the existing plumbing, vents, & electrical (if to code) near the ceiling ok to leave as the ground is dug down enough to meet the height?

Lastly, about how much would that cost, in concrete work, for 1000 square feet ?

Quote from @Ronald Ty:

This tile work was done for $3200 abor only. materials was $3400. This was jist for tile, not the demo, plumber etc. I double shot the tub, sorry about that.