All Forum Posts by: Account Closed

@Sophie Maisel I highly doubt you need to rewire the house unless it is a hundred years old. Is he installing a new mast or meter? A new main panel for 200 amp service shouldn’t cost you more than $1,500 parts included. That’s a one day job for a competent electrician for a normal size house with 6-10 fuses.

yeah, a new meter and mast. I know he is overcharging, he quoted firstly on 3 panels then he cut off 2 off them and combined everything to 1.

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My electric just installed electrical panel. I did not find any GFCI breakers. He said that the house does not need it due to the age. I am planning to rewire the whole house. I am not sure what he is doing is right. He is charging 2400 for 1 main panel and service going up to 200 amp. Any hints? Should I accept his job?

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@Jevon W. We are all here to make money. I don't see myself jumping in what you are doing without having seeing the results of it.

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@Matt Millard why and how do you know anything is coming? The price is dictated by salaries and affordability.

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@Ben I. By no means invest in leasehold. I keep an eye on Hawaii and it's easy to get in trouble with leasehold.

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@Eric Michaels

Yeah most of those properties are no fee simple but a leasehold.

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@Ben I.

If I would be you, I would enjoy Hawaii. I would not purchase more in Chicago. I have couple properties in Evanston, the tax is huge. They soon will make no sense.

I would partner up with someone to break into Hawaii RE. There is also big island where the entry is low.

Did you check foreclosures? I see many on hubzu below 600k.

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@Jevon W.

Why not to share this story at the time when you get your money back?

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@Scott Mac I want to be over 100mil rich. But realistically my life will probably end when I am about at 15mil net

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Originally posted by @Ben Sears:

I agree with @Caleb Heimsoth. I think you're spinning your wheels trying to go after the seller. So your options now are 1) greatly reduce your scope of work as to not disturb the asbestos or 2) hire an abatement contractor to remove the asbestos and carry on with your original plan. I think my first step would be to meet with a licensed abatement contractor, as well as your general contractor, and go over your proposed scope of work with them. They may have some suggestions as to where and how you can remodel with the least amount of abatement.

As for the non-permitted work...well that would depend on your local building official to determine how much trouble you're in with that. Where I live, it's not usually a problem as long as it can pass inspection. I know there are other places that a far more extreme with re-permitting and bringing work up to code.

I think the thesis of my lawyer is that if the guy would have done permitted work with licensed contractor then they would have tested the asbestos and thus disclose it. I did air test and it is positive. Apparently RE agent was hiring people to remove flooring and repair the drywall (all of this contain asbestos). She was showing the house with asbestos flying around.

I would like to have compensation. But more importantly how on earth people are not liable for doing such things.

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All Forum Posts by: Account Closed

Account Closed has started 19 posts and replied 100 times.

Post: Question on electrical panel

Post: Question on electrical panel

Post: My First Apartment Syndication Investment

Post: Moving to Hawaii From Chicago

Post: Moving to Hawaii From Chicago

Post: Moving to Hawaii From Chicago

Post: Moving to Hawaii From Chicago

Post: My First Apartment Syndication Investment

Post: How Rich Do You Want To Be?

Post: Asbestos issue in my newly purchased house