Dw Chalmers
The 2 Doors i Hate i sold 🏘️
5 May 2024 | 0 replies
insulate the crawl space to stop rising moisture Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Troy Bullock
Fees for selling a property
3 May 2024 | 2 replies
Or call your preferred settlement agent and ask them to provide their seller settlement costs, then add in any commissions, HOA, termite/moisture inspection if required, etc.
Zachary Schimenz
WARNING: Don't Use Ohio Cash Flow unless you want to lose thousands of dollars
8 May 2024 | 112 replies
How about those syndications mate...A Class properties, A class tenants, A class areasThe property we sold was located in a good area.43612.Close to our office with many homeowners.Blue collar working class folks.Good people.High comparable sales which show's consistency in market value.I personally own 3 houses two streets above.Our rehab was exactly what is required for the area and tenant demographic.Not overcapitalizing to keep long term Capex lower.When exiting, I always suggest sprucing up a bit for higher dollar exit.Below are photo's and a basic scope of work of what was delivered along with current comparable sales.Thanks i have done what 150 to 200 fix and flip fundings in Ohio.. probably 80% have basements you talk to anyone about basements in Ohio and basements in Ohio leak/have moisture full stop.. its up to the owner to have them inspected quarterly and remedy wet spots or mold at the first sign..
Diana Tran
If seller agrees to do all of the repairs before closing, how can I ensure quality?
1 May 2024 | 4 replies
After inspection, we discover there's drywood termite damage, moisture/water leaks seen from the attic and ceiling, roof doesn't have a permit with old patches.
Diana Tran
Advice On Negotiating Repairs With Seller
30 April 2024 | 4 replies
-Has no crawlspace (common for older properties) so we couldn't see the foundation-Drywood termite/wood decaying fungi damage seen on all the windows/doors/parts of the beam on the exterior, parts of roof decking and rafters in the attic-Old leaks/moisture damage seen in the ceilings and attic-Parts of the roof has patch work-Roof doesn't have any permits on record (don't know how old it is)Seller's offer to me:-Fumigation treatment for drywood termites (tenting the house)-Replace and repair all damage wood throughout the house-Replace the entire roof with a new permit-Replace one window in every room (not all)-Pay for a structural engineer to inspect the foundation-Offer to get quotes for repairs and have a 15-20K budget to make all repairs, house is 500K.
Robert S.
Standing water in window well
30 April 2024 | 6 replies
Consider vinyl trim in the future as it can withstand moisture.
Robert S.
Standing water in yard and window well
1 May 2024 | 30 replies
Concrete is also porous and will have constant moisture issues until the source of the water is determined.Here are some things to consider before you start throwing the kitchen sink at the problem:Does this happen only after a storm event?
Becky Wong Kaplan
Mold mitigation for SFR when tenant won't let you access the property (Calif)
28 April 2024 | 7 replies
Mold remediation is addressing the moisture problem, paint over any discolored areas with Killz and put fresh paint in your color over the encapsulant.
Bashir Hopewell
Rehab estimates help
26 April 2024 | 5 replies
It might be cracking and heaving inward which might require both dealing with exterior ground moisture and also stabilizing the foundation from the inside with one of a few options.
Jeff Schemmel
What questions I'm asking during due-diligence, and why it's OK to walk away.
27 April 2024 | 6 replies
Double-tapped breakers, all dishwashers did not function at all, multiple sinks and faucets actively leaked, Improperly installed flooring that had buckled, very high humidity in one units was causing moisture damage, furnaces full of drywall dust, radon systems that were not air-tight in the sump pit, and the list goes on and on.I listed just a few of what would ultimately be the longest repair request I've drafted in my career.