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10 May 2016 | 16 replies
Typically we do not change the city of Milwaukee SOW numbers.Majority of the time investors perform renovation little lower than city of Milwaukee numbers.Example: City of Milw SOW estimate $17,000 Client completes renovations for $15,734Most importantly investor should calculate permits need and your time for renovations.The current list is more geared towards local investor or excellent boot on ground team.
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27 December 2015 | 6 replies
I would go to the building department and just explain what you would like to do and say to them that you would like to get their opinion. they will not come down on you, especially if you are upfront with them and seeking advice. some of the work may fall under the rehab code and not need permits or updating the house to current codes, especially if you do a little at a time ;) . if this is a flip, then you will have to do all at once and bring things up to code. replacing mechanical may bring up code updates, but only subject to the equipment, not the whole house.
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17 March 2016 | 10 replies
I am going to try and go to some of their meet ups whenever work permits the time.
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28 March 2016 | 16 replies
You have Absolute Liability for your property, you could have claimed ignorance when you didn't know what was going on, but now to allow it you must be responsible for: inspection of the ramp, security of the area, permitted access only, proper safety equipment etc.... if you choose not to be responsible for such things you are still Absolutely Liable.
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29 March 2016 | 4 replies
Casenote:Matthews v Algoma Timberlakes Corporation (Ont CA, 2010)In this case the Court of Appeal was faced with the issue of whether the RTA applied to land lease cottages, which were used most of the year round for recreational purposes.
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19 May 2015 | 6 replies
Be polite, plead ignorance, go get your permits, and move on.
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25 April 2016 | 2 replies
Sometimes i'll sell my note because there are things that I know about the asset or the loan that cause me concern like, there is a toxic DDT landfill on the property or, the 4,000 square foot addition to the property wasn't permitted or, there is no certificate of occupancy or, there was a meth lab in the home or, there is a HUGE senior lien in front of me or, there is so much deferred maintenance that I couldn't ever expect to get my money back or, the well is dry and the cost of $20,000 to drill a new well is prohibitive or, there is an incurable defect, or there are huge property taxes or any number of a million other reasons why I'm willing to sell my note and get out of it by passing the nightmare on to another investor.Moral of the story is, unless you are buying in bulk and have the relationships and track record to support it and unless you have the capital and time and stomach to roll with the punches, a single note purchase might be biting off more than you can chew.
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26 November 2014 | 8 replies
Terrible story but the buyer sites Zillow pics that were date stamped, shouldn't that have raised some red flags when permits didn't show up?
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4 February 2017 | 8 replies
All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserved.Burden of proof is on the person to PROVE they are not acting as an unlicensed broker.
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4 March 2017 | 21 replies
Hi guys,Im planning to build a driveway in my triplex here in Connecticut, there's plenty space and I have all the permits to do it.