ALTA survey, Phase I environmental, etc.

Hey folks. I have a 2-unit property in Syracuse I've held for 6 and a half years. I've been monitoring the market for the past 9 months, and I wanted to see if anyone on here has recently sold any 'Cuse properties in ...

Renovated one property and the subdivided/ survey and prep the second parcel to make a second buildable pad.

I wanted to survey my fellow investors.

Recently we decided to build an ADU, so we did a land survey.

The study is cited by the National Association of Independent Land Title Agents trade group.The same goes for the home inspection and survey.

The next part of this is the 'art' of surveying which is how do you adjust given calls to arrive at a legal boundary.

Here's the formula:ESTIMATED SELLING PRICE (ARV) -Purchase price -Purchase expenses (inspection, survey, etc) -Rehab cost -Misc soft costs (designer, architect, engineers, permit) -Loan costs (interest payments, points) -Other holding costs (utilities, landscaping, pool maintenance, etc) -Selling costs (commissions, closing costs, staging, buyer warranty, etc)=PROFIT

The property could already be in compliance & easy breezy or you maybe getting flood surveys & elevation certificate & an extra layer of permits

It's common to look for a good track record, professionalism, area expertise, and more when surveying for an agent.