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15 March 2017 | 5 replies
I would need licensed sub contractors for electrical, plumbing, HVAC, etc. if I were flipping/renovating and had building inspections to deal with.Some would suggest you obtain a real estate license for REI and others would say it is not necessary.I am unfamiliar with OKC laws.
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13 March 2017 | 3 replies
for this call, you might withhold the info that the house is already divided up. if the property wasn't properly divided, the Landlord probably pays the electric, water, gas, trash, etc.
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16 March 2017 | 6 replies
Make sure you have a HVAC/plumber/electrician/ etc ready to go, because interviewing when you're doing the work wastes time and energy.
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14 March 2017 | 7 replies
Even if you end up not using or agreeing with it, it is a good way to educate yourself.Yes - the fact that tenants pay their own electrical / gas / heating will reduce your expenses by a few points but you are expecting to run this property with only $25,000 in total expenses (less then 25%!).
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14 March 2017 | 9 replies
It will be a long ride but you have the time& energy to accomplish your goals.
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15 March 2017 | 11 replies
It's in a fantastic location, perfect for the type of tenants I'd like to attract. it seems the electrical panel is a mess.
16 March 2017 | 5 replies
The more of the following you are able to provide, the higher a price you can request:Inspection report by licensed inspector, legitimate sold comps within 0.1 mile range, roof warranty from licensed roofer, permits for the work performed, disclosure of how much electric/plumbing/HVAC was replaced, warranty for the heater (if new) or disclosure of what service was performed, age of windows and grade of windows (if new), warranty on appliances (if new), last service on appliances (if used), grade/brand/color/installation date of cosmetic materials (flooring, paint, etc.), etc.If tenant in place: strong lease terms, proof of payment history, screening criteria including personality screen, security deposit & last month rent held, annual lease term, etc.
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24 March 2017 | 36 replies
You don't need a General Contractor (like you do for the FHA 203k rehab loan) and you only need one bid for each part of the work (electrical, plumbing, etc.) versus 3 different bids for the FHA 203k rehab loan.
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15 March 2017 | 7 replies
I see a potential electrical issue in those photos (looks like an outlet fried and needs to be replaced - an easy $5 fix) but nothing relating to mold.
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15 March 2017 | 2 replies
I'm also searching for an upbeat, fast responding real estate agent in Tampa with high energy and indepth market knowledge that loves real estate and is also an active investor.