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22 March 2020 | 9 replies
If anyone has done this in the Triangle, how long has the permitting process taken, and what would you say the cost per square foot would be to add a 700 sq foot master suite with permits included?
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20 March 2020 | 6 replies
I have looked into getting non-conforming use permits, conditional use permits, zoning use variance requests, etc. but this process could still be very lengthy and I'm afraid this will open a can of worms that will cause the county to further look into it and raise more issues.My main concern/worry is that when it comes time to refinance the property after the (minor) rehab has been done, lenders may not finance the property on a long-term loan due to a non-conforming use of the property.
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11 March 2020 | 4 replies
My name is Kyle and I am a full time physician assistant and prospective real estate investor interested in house hacking or BRRRR to start.
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12 March 2020 | 6 replies
if you need to pull a permit, depending on the trade somebody is going to need to be licensed/registered.
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28 March 2020 | 9 replies
As part of his letter to confirm the move out date, he specifically mentioned that he is waiving rights to part of the security deposit as they are breaking the lease.My tenant also helped with showing the home to prospective tenants and finally, I approved one of them after the background check and all.Now, he is coming back and saying that he spoke to a lawyer and I should return the security deposit as I rented the house to a new tenant right away.
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15 March 2020 | 0 replies
Hi All, I ve hard time to find an answer to my question online, I bought a vacant land in 2017, then built a house on it.The construction, permit included took 2.5 yearsSo now, in 2020 the house is ready to sale.Can I say that I improved my land with a new construction for almost 3 years and assume I will have to pay a long term capital gain ?
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19 March 2020 | 3 replies
In an effort to provide some information for long term buy and hold investors to be more prepared, please see below:Happening Nationally:Tenants have refused to leave at the end of their lease siting uncertainty and high risk of virus.Tenants (apparently even with strong renter history) are stating the virus has impacted their income and are not able to pay rent, are asking for lenience.Vendors are less responsive to non-emergent maintenance due to fear of employees becoming sick.Property Managers have chosen to be less responsive to non-urgent maintenance requests from tenants to keep their team safe, similar to vendors.Showings have decreased or have been cancelled due to the fear of being in public buildings or other people’s homes, which might impact vacancy if this is longer term.Occupied unit showings have ceased for the protection of the tenant in place, the showing agent, and the prospective tenant.Some management offices are closing and requesting rent be paid in a different manner than visiting the office.Occupied unit inspections have been paused, unless deemed emergent.Be Prepared:Think through how you will handle some of these situations in advance and write our a process for it.Handle them consistently and do not favor one tenant over another.Be proactive and prepared so you can act unemotionally and with fairness for all.Be a Leader:Now is the time to show your team (vendors and tenants) that you value their health as much as you do your own.
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20 March 2020 | 18 replies
David Worker I will be rescheduling speaking at the Springfield Area Landlords Association later this year time and corona virus permitting.
18 March 2020 | 4 replies
A Certificate of Occupancy (CO) permits the legal use and occupancy of a property providing it meets the standards of habitability set forth by law.
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21 March 2020 | 2 replies
View report*This link comes directly from our calculators, based on information input by the member who posted.I am basing these numbers on typical life-span of big ticket items, since there are no records of pulled permits on anything from the year it was built.