Seth Baumgartner
Exploring House Hacking in Orlando: Seeking Advice on Renting Out Rooms to Offset Mor
30 March 2024 | 2 replies
Anything built before the 70s will most likely have issues with plumbing or electrical, and roofs last about 20 years, and should be permitted most the time on county websites.
Michelle Martin
Any success in suing a property manager?
28 March 2024 | 9 replies
At this same property, there is a house sitter that had a lot of police activity (domestic violence, weapons discharged, etc).
Wai-Lin William Maw
Permits for moving a mobile home from one lot to another lot which had a home before
28 March 2024 | 3 replies
I contacted the city of Edmonton and was informed that moving a mobile home is treated the same as building a new home, and all the following applies:Development Permit ApplicationCombined Building, Mechanical PermitBuilding & Mech Safety CodesWiring Electrical PermitUnderground Service Cable PermitElectrical Safety CodesConstruction Water Rates 44¢/$1000 Construction Value Sanitary Sewer Trunk ChargeLot Grading FeeTo my knowledge, unlike a new home, all we would be doing is reconnecting the infrastructure, and considering that no modifications are to be made to the existing plumbing, electrical, sewer or the lot itself, so do all those permits apply?
Joy Patrick
All new electrical in a house flip?
28 March 2024 | 7 replies
I will say, the property my wife and I bought was very appealing because the previous owners had a new electric system, new plumbing, and new roofing.
Vasudev Kirs
EIN or TIN for LLC?
27 March 2024 | 4 replies
Hello,We recently purchased a rental property and created a domestic limited liability LLC (two members - my spouse and I).
Elizabeth Rose
Great neighborhoods in Baltimore for BRRRRs?
29 March 2024 | 12 replies
To be honest I would spend more money and get my 1% on North of Baltimore.You should be able to get more than 1% around 21213.FYI, Baltimore in general housing stock is old, when you do moderate renovation like paint, vanity change, new carpet etc... you will definitely have plumbing issues along the way.I would strictly do section 8 in 21213, you can end up in eviction court pretty often othewise.
Thomas Brown
Need estimate expectation guidance
29 March 2024 | 12 replies
100/sqft on a full gut sounds about right - This includes new roof, siding, windowns, electrical, framing, etc - basically everything besides foundation and structureFor a more cosmetic rehab with minimal expenses and alterations to electrical, plumbing, etc you are looking close to 50-60sqftFeel free to reach out anytime and I'd be happy to see your numbers and the project.
Anson Fauchier
First investment property questions
28 March 2024 | 7 replies
remember your first home is not your forever home, it's your first rental so it doesn't need to be everything you want.look for homes where the bones are good, but cosmetically needs love. don't by pre 1960 if you can help it. you'll end up just having to replace all the guts like plumbing and electrical at some point. it's inevitable. look in areas where the path of growth is headed, but might not be currently. think 5 years out. look for resources like your local chamber of commerce to see what businesses are coming in and where. your city planning office should also be on your call list as they can help show where most permits are being pulled for development. follow the money. go to local investing meetups. crowdsource local knowledge and form meaningful relationships. those who've gone before you typically will help out and help you avoid the mistakes they've already made. onward.
Chris Ross
Delayed Financing/cash out refi lenders for Memphis SFR
27 March 2024 | 14 replies
Please pay special attention to plumbing and electrical.Enough threads on BP on pros and cons of turnkey buying.
Justin Brown
Finding off market properties
28 March 2024 | 37 replies
However, I ended up getting a property that needed a new roof, water and sewer main, new electrical, and some plumbing work.