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29 December 2018 | 10 replies
The FHA says that examples of such problems include but are not limited to the following: Missing handrailsCracked or damaged exit doors that are otherwise operableCracked window glassDefective paint surfaces in homes constructed post-1978 (because of lead paint hazards)Minor plumbing leaks (such as dripping faucets)Defective floor finishes or coverings (worn through the finish, badly soiled carpeting)Evidence of previous (non-active) wood-destroying insect/organism damage where there is no evidence of unrepaired structural damageRotten or worn-out counter topsDamaged plaster, sheetrock or other wall and ceiling materials in homes constructed post-1978Poor workmanshipTrip hazards (cracked or partially heaving sidewalks, poorly installed carpeting)Crawl spaces with debris and trashLack of an all-weather driveway surface=================There are many areas, however, where the FHA does require problems to be remedied in order for the sale to close.Electrical and Heating The electrical box should not have any frayed or exposed wires.All habitable rooms must have a functioning heat source (except in a few select cities with mild winters).Roofs and Attics The roofing must keep moisture out.The roofing must be expected to last for at least two more years.The appraiser must inspect the attic for evidence of possible roof problems.The roof cannot have more than three layers of roofing.If the inspection reveals the need for roof repairs and the roof already has three or more layers of roofing, the FHA requires a new roof.Water HeatersThe water heater must meet local building codes and must convey with the property.Hazards and NuisancesA number of conditions fall under this category.
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1 January 2019 | 14 replies
The previous owners have reported when it gets very cold (0-10 degrees Fahrenheit) they will put a space heater in the basement to hopefully prevent the pipes from freezing.
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24 December 2018 | 70 replies
They can't stomach the daily fluctuations and like hard assets with set leases and knowing what they are getting for return in the commercial space.
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22 December 2018 | 3 replies
When economy goes down the tenants tend to move to cheaper warehouse space at less rent per sq ft or back into their home office to try and save costs. 80% of small business especially office work on small profit margins so any major shift they feel it more.Apartments in certain classes people think they are darlings and can't do any wrong.
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30 December 2018 | 4 replies
I was hoping for leads to specific brokerages that actively operate in the investment space.
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22 December 2018 | 6 replies
@Shaun Hatton public records show one of his heirs own it.
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26 December 2018 | 15 replies
If the furnace goes out we bring electric space heaters until the unit's repaired.
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26 December 2018 | 3 replies
The property has a walk-out basement with a room, living room-like area and a space for a kitchen/kitchenette.
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27 January 2019 | 17 replies
We have received funding from the Department of Housing and Urban Development for the Public Housing and Housing Choice Voucher programs in January and expect to receive payments in February.
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22 December 2018 | 0 replies
We knew the market didn't favor Crawl spaces in our area, but we under estimated how value-capped we would be in a home with a crawl space.