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?
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29 March 2024 | 8 replies
The house needs all new electrical.
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28 March 2024 | 3 replies
I purchased a 1 BR 900sqft condo in 2021 with a depreciable tax basis of ~$275k and spent most of 2021 and first half of 2022 renovating the property (new appliances, flooring, painting, furniture, bathroom renovation, new kitchen countertops, new electric heaters, insulation, fireplace/pellet stove).
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1 April 2024 | 60 replies
Tenants pay water, electric, gas, etc.3.
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27 March 2024 | 18 replies
It is completely finished except for the electrical utility hook up.
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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.
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30 March 2024 | 45 replies
Then put $80k into it for roof, electrical and sewer upgrades.
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27 March 2024 | 0 replies
And here's why:Key Takeaways:1) The market is following the original year-over-year appreciation trendline from 2014 upwards, indicating sustained growth and stability.2) Supply issues in Reno's housing market are once again in focus, emphasizing the need for strategic solutions to address housing shortages.3) Exciting developments, like Tesla's massive expansion to manufacture electric semi-trucks in Northern Nevada, will further strain housing availability, signaling continued demand.4) With increased home prices, we anticipate a ripple effect on rental markets in both single-family and multifamily sectors, driving up rents due to housing unaffordability.For California investors in San Francisco, Oakland, San Jose, Sacramento the proximity of Reno and stability of investments are attractive.
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27 March 2024 | 3 replies
There are two separate electric meters on the property with a well for water.
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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.