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28 August 2016 | 6 replies
I have no idea and I'm looking everywhere online now...Does anyone have a concrete answer whether I can roll some closing costs into my FHA 203k rehab loan?
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3 December 2016 | 6 replies
I am curious if there is anyone out there, specifically in Ada, OK or surrounding areas that can shed some light on the market, if there are decent property managers out there, etc.
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1 September 2016 | 9 replies
We do mobile home parks so we typically are not looking for one person to do a general inspection but we hire a plumber to come out check water/sewer/gas lines for a professional opinion , same with electric , or if there is roads that look kind of questionable, we will ask a paving /concrete contractor to look at it.
28 August 2016 | 0 replies
Well come to find out we need to cut back the concrete 3 feet from our property line to be up to code.
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6 September 2016 | 10 replies
Maybe 5 or so units/places of business, a 1 story concrete block structure, should make maintenance cheaper and easier.
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17 September 2016 | 12 replies
The difference perhaps is that I am a businessman and I realize the costs of being compliant and legal are worth the cost when measured against the potential risks as opposed to pretending the risk does not exist.
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4 December 2016 | 47 replies
On a typical project, here are the contractors I'll probably use:- Demo- Roofer- Painter- Carpenter- Plumber- Electrician- HVAC- Window Company- Tile Guy- Carpet Guy- Hardwood Guy- Cabinets/Countertops Company- Termite Inspection- Landscaping- Garage Door Company- House CleanerIn addition, on many projects I'll also use:- Drywall Guys- Insulation- Surveyor- Structural Engineer- Inspectors- Concrete Company- Driveway/Paving Company- Grading- Tree Trimming- Shower Glass CompanyFor big projects, new construction:- Architect- Civil Engineer- Foundation- Asbestos Removal- Sediment Control- Excavation, Dirt Hauling- Interior Sprinklers- Stone WorkEach of those contractors will typically get between 1-4 draws, depending on the scope of the work they have for the project.Then there are materials and other non-labor costs:- Permits (0-3 transactions per project)- Porta Pottys (0-3 transactions per project)- Home Depot Materials (3-5 transactions per project)- Dumpsters (1-3 transactions per project)- Paint Purchase- Cabinets/Countertops Purchase (2-4 transactions per project)- Flooring Material Purchase (1-2 transactions per project)- Specialty Material Suppliers (0-10 transactions per project)- Utility/Service Installation (0-5 transactions per project)- Private Inspections (0-5 transactions per project)- Insulation/Airtightness Tests- AppliancesOn top of that, I will potentially write several checks to:- Title Company- Property Inspector- Appraiser- General Contractor or Project Manager- Interest Payments- Utility Payments- Tax PaymentsOn top of that, I have my general business expenses:- Accounting- Legal- Interest Payments- Tax Payments- Brokerage Fees- E&O Fees- MLS Fees- Overhead/Office (Supplies, Equipment, Subscriptions, Software, etc)- Telephone/Fax/Internet- Income from Property SalesAll of these easily add up to a couple hundred transactions on a large project or new build, meaning many dozen per month.
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29 August 2016 | 2 replies
This way you'll be more compliant but also not be tempted to bend.
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29 August 2016 | 6 replies
Is it a concrete floor with vinyl tiles right over the concrete?
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27 December 2016 | 33 replies
The water soaked into the concrete slab the house sat on as well as had major roof leaks (been vacant and decaying since 2013 after all), since the roof needed to be completely repaired (this property was in disarray lol).