All Forum Posts by: Steven Barr

I purchase a property in Atlanta with hard money. Call it “123 Main Street”. I pulled permits through the city of Hapeville and did a full gut renovation. I am now being told by the city that they will not turn on water or issue a CO. 

Apparently the tract of land that my house is on was all 1 tract of land with 6 houses on it. The previous owner owned the land and all 6 houses. He then decided he wanted to subdivide the land into 6 parcels for each house so he could sell them off individually. The city of Hapeville told him no. So he filed through Fulton county and they processed the subdivision. So now, Fulton county recognizes the subdivision and the new address as “123 Main Street” , but the City of Hapeville does not recognize the subdivision or the new address. They recognize it as the old address “789 East Street” on an unsubdivided lot

(My deed and settlement statement are recorded as “123 Main” and all utilities companies have property in their system as “789 East”

Title did not say anything/raise issues when going through closing process. There are other investors who purchased some of these 6 homes and we are all in the same boat now. Hard money loan and being told we cannot sell due to not having a CO and city’s unwillingness to issue one per the unauthorized subdivision 

What are my options here? This seems like an incredibly unusual circumstance. Not sure whose fault this is and not sure how to fix it 

Thanks for the help!

@Mitch Messer thank you!

@Mitch Messer super helpful! Thank you!

Would you happen to know where to obtain a list of people in the beginning stages of preforeclosure? Maybe they’ve only missed 2-3 mortgage payments?

@Mitch Messer hope you are well sir and great to hear from you! Been a minute

Are these pre-foreclosures or are they foreclosures?

They’re obviously listed under the foreclosure section, but it looks maybe they read as warnings? Mind clarifying?

I went to the superior magistrate court clerk today for the list of pendants/notice of defaults, and they had no idea what I was talking about. Made calls to sheriffs dept and community planning and development. No one knows anything about this list. I called my local city court clerk and they did not have it and said I needed to try the county clerk (which is the superior court where I went in person)

I have heard you can go to the “local court of the clerk” and obtain this list that details all properties in pre-foreclosure 

Does anyone know where I can go to get this list? (besides online to pay for it)

Thx!

Anybody have insight on what health insurance for full time 1099 real estate professionals is?

Cost, companies, etc…

thanks!

Hi BP!

Flipping a house and code enforcement just came to the property and are claiming that we need a permit for demo’ing and replacing drywall? As well as the roof?

I have never heard of needing permits for this type of work

Does anyone know much about this area? As I thought permits were only needed for structural changes like adding a bathroom

Thanks!

@Scott E. your contractors provide you with contracts, instead of the other way around?

I am planning to have my attorney draft a contract for my contractors to sign. 

What specifics should I include in this contract? (Liens, draws based on completed work only, properly insured, etc…)

Thanks! 

@Andrew Postell  I would imagine if I had 10 or 20 properties with loan balances that small, that this might encourage them to write the loan?