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3 April 2024 | 83 replies
I like to point out to my potential tenants that I added insulation or replaced a FPE electric panel to show that I don't just slap lipstick on my properties to make a quick buck....I would think the same would be true of appraisers.
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29 March 2024 | 3 replies
It should not need much in the way of electrical, HVAC or plumbing.Can this be done for between $60-$100k?
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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.
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28 March 2024 | 10 replies
I'd feel just like Bugs Bunny and Yosemite Sam, looking at that pouty-pouty king in the dining room demanding, “Bring me my Hasen-pfeffer!!”
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29 March 2024 | 12 replies
Here are some other facets of a rehab which may be more expensive, roofing, windows, HVAC. electric service exterior and interior.
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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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.