All Forum Posts by: Warren A.

Thank you @Account Closed .  Agree on safety risks  to tenant and property 100%

Thank you @Skyy Dugger .  Yep, I am concerned about replacement with larger fuse and the risks.

I'm also checking with my insurance broker on impact to our policy.

Our 3rd party Inspector recommended in May to update fuses to modern breakers and address aluminum wiring,

The electrician who reviewed the punch list, did not seem concerned,

Regretfully, I have already closed on this home back in mid May 2021 without coming to a full alignment with the seller.  

My google searches and a post to a different sub forum strongly suggest change to breaker and aluminum wiring for the property in question (built 1940).   Looking at our portfolio of rentals I just noticed today we have another property (built 1954) with fuses in sub panel also in a closet (our other LR rentals are modern breaker).   A different electrician for this noted,

So my question to Little Rock BP community .  It would seem most of the internet and broader BP community strongly suggest to change fuses to breakers and update aluminum wiring but in Little Rock, fuses are still legal  and Aluminum wiring is legal?   In your homes or rentals, do you have subpanel in closet with fuses and aluminum wiring similar to as shown above?    And if yes... Given the risks, how have you handled this ?   Thank you in advance!

I closed on a single family home in Little Rock, AR in mid May 2021.  It was built in 1940 and is ~1700 sq ft. The tenant is a Housing tenant (section 8) , has not moved in yet , but has passed the Housing inspection.   Below is a snippet from our 3rd party inspection report noting concerns due to the subpanel having fuses and some aluminum wiring.  I am not an electrician but everything I have googled and searched on BP mostly suggests that fuses and aluminum wiring are not as safe as breakers and copper wiring.   

I have insurance coverage but am not sure our insurance company is even aware and afraid they could deny claims in the future if a fire is sourced to that subpanel with fuses or aluminum wiring.   The seller offers a 90 day warranty.   I have a good relationship with the seller (I have other properties managed by them) but in this case, I feel I've had to follow up a few times to get a 2nd licensed electrician to offer a 2nd opinion.  A second electrician has finally contacted me yesterday, we spoke on the phone, and I shared the photos and a brief description so far.  Initial reaction from the second electrician did not seem too concerned but what we agreed for next step was for me to send him the inspection report  (sent yesterday July 2) and we would go from there.  Side note: I went to electrician website and do not see a license # (red flag?) .  So now waiting for his evaluation.  Lesson learned to not agree to close until all punch items are closed.

My question to BP community.  Based on above, are the fuses and aluminum in this house a real concern ?  Suggestions on how to handle?

Inspector report:

Below is response from 1st electrician stating fuses and aluminum are safe. 

and

@Jamie Yan Welcome to BP.  I started a few years back and the journey has been amazing and life changing.  So many  helpful people in this community. 

Thanks @Joseph Schweizer for responding to my post on the other thread.  I read through this entire thread.  Congrats on your purchase and glad to hear you are having such a positive experience thus far.

Thanks Zach.  I'll definitely check out the FAQ and reach out to the IC.  

At the same time, I wanted to hear directly from experienced R2R investors of their own experiences wrt to CapEx and other high cost items. What I am concerned about is deferred maintenance adversely affecting cash flow.

Question to R2R investors.. how are the rehabs on the homes you purchased? Do they address deferred maintenance (i.e. CapEx items like roof, HVAC, water heater and other key items like electrical, plumbing) and not simply cosmetic items? Is an itemized list of renovation items provided to you before you sign the purchase contract?

@Zach Lemaster Is there separate insurance needed for hurricane risk and if yes, what is typical premium?

Hoffman Team in LR works with section 8 tenants https://hoffmanteamrealestate....

Hoffman Team https://hoffmanteamrealestate....