15 May 2012 | 2 replies
My parents are planning to pay the $100 extra.
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17 May 2012 | 8 replies
In one town near me they require a rating of 3-A: 40-B:C, so I just use that type everywhere now (other areas likely to copycat, and the few extra dollars upfront aren't going to kill me).GFCI in all areas where water can be normally found; bathroom, kitchen, laundry, garage, all outdoor outlets, etc.AFCI in bedrooms (mandatory by code in some areas).Address numbers on the house that contrast with the background (how will 911 find you otherwise).All bedrooms MUST have a window that goes to outside and is sized to allow for a person to escape.Locksets - no double-keyed deadbolts, where a key is needed on the inside as well as the outside (I only use those locks during rehab, where nobody is supposed to be sleeping).Railings and handrails.Identify the water shut-off valve by the water meter so that the tenants know how to shut off water in an emergency.That's all I remember off the top of my head ...
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17 May 2012 | 3 replies
Thanks for info Bill, I understand the paperwork and agreement side of things makes things complicated but if a few extra steps can net me 10-15% on our money then i would call that worth it.I have meetings with 2 more CPAs and 1 more lawyer next week.How does everyone else have their flipping income funneled?
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22 February 2016 | 13 replies
I doubt I would spend the extra money on double hung windows fora rental.
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3 May 2018 | 22 replies
Then they add in extra for certain things.
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26 May 2012 | 10 replies
I had a thought of put together a "bank" that does secured loans to my properties and HM style loans with extra cash.
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31 May 2013 | 63 replies
Throw in a slow process to get permits and soft costs... it can really drag on and companies will not always offer to give you the cash to walk away.
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20 January 2022 | 3 replies
I always keep the extra pieces when flooring is redone, so there is no cost.
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21 May 2012 | 15 replies
It does make it impossible for a flipper to purchase and polish a home in order to squeeze a few extra dollars out of it.The other market is for properties that are dumps; generally REO’s and unmaintained short sales.
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25 May 2012 | 17 replies
So, it ended up being an extra ~$115/mo hit to the cash flow, or 24%.