Elijah Edwards
Newbie to Fix and Flip
15 December 2024 | 4 replies
During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.
Michael Anderson
Do we need to update existing leaseto an LLC if we move rental property to an LLC?
1 December 2024 | 9 replies
Effective December 1, 2024, ownership of the property has been transferred from Michael Anderson to Electric Sage Brush, a limited liability company.All terms and conditions of this lease agreement remain in full effect, and all payments, notices, and correspondence should henceforth be directed to Electric Sage Brush LLC at the following address:2001 Space Odyssey Dr, Cody, WY 82414This change in ownership does not affect the tenant’s rights or obligations under the lease agreement.All parties sign to confirm the change.
Jaskanwal Preet Singh Chhabra
Permitting for adding more rooms without changing sq ft
13 December 2024 | 13 replies
Permits may be needed for bedroom or bathroom modifications, especially if plumbing, electrical, or structural changes are involved.
Chris Burke
Calculating Square Footage - Office Above Detached Garage
20 December 2024 | 3 replies
The office has an A/C window unit with drywall, carpet and electricity.
Elliot B.
Submetering Heat with BTU/Flow/Energy Meters
29 November 2024 | 27 replies
The main reason/difference between this and the delivery of electrical energy is that the losses of transmission of electrical energy are generally less than 1-2% (that's why we use electrical transmission methods over long distances, generally speaking).
Jessica Lundin
Renovated our first home and did surprisingly well
7 December 2024 | 0 replies
I don't remember their names but people from the War College helped us redo the electrical and plumbing for cost which was amazing.
Amit B.
Leak from bathroom upstairs, tenant denies overflowing tub
10 December 2024 | 2 replies
The plumber’s report indicates that the leak may have been caused by an overflowing tub or sink upstairs, but the tenant in that bedroom denies any such incident.As a result, I now have substantial expenses for the plumber and restoration company, including drywall repairs, painting, texturing, and reinstalling electricals.
Agustin Conti
How to buy a lot in a wooden sloped area
16 December 2024 | 4 replies
Water and electric?
Dennis Knapp
how to figure repair costs and arv
11 December 2024 | 6 replies
., major systems like plumbing/electrical)Full Gut/Studs Down: $85-$120 per sq. ft.Luxury Finishes: $150+ per sq. ft.For ARV (After Repair Value), you’re absolutely right—it’s all about comparable sales ("comps").
Monica Gonzalez
Newbie - Analysis Tools - No/Low Cost
18 December 2024 | 26 replies
Quote from @Deandre Brown: When analyzing deals, a few additional factors I like to consider are whether the electric and gas utilities are charged per unit or as a single expense.