Brian Callan
Asbestos
7 August 2016 | 2 replies
I had to have an abatement contractor remove cement/asbestos shingles on a commercial building before demolition and found that the difference in bids between contractors was huge, so get multiple bids.
Mindy Jensen
Looking for Real Estate Flipping Success Stories! (with pictures)
29 September 2016 | 13 replies
It's hard to break down cost for each item as we got a bid for the whole jobI'm not too good with numbers which is why I delegate that to someone else to do but I will break down what I can.Property:4 bed 2 bathLot sq ft 7200Living sq ft 1700Rehab:Paint exterior and interiorDemo/removed two walls to create an open floor planScrape and smooth popcorn ceilingsMud and texture walls and ceilingsNew laminate floors throughoutNew carpet in bedroomsTotal gut out of kitchen and two bathAll new Windows (10 windows)New French doorRestucco front of houseNew bedroom doorsNew front doorNew kitchen cabinetsNew front doorAdded a side door to the garage from the porchNew door knobsAdded central air and replaced heating furnace New appliances (fridge, dishwasher, microwave)Move water heater outsideInstalled recessed lights throughoutConvert water heater closet into laundry roomNew bathroom tiles (floors, and floor to ceiling shower tiles)New vanitiesConverted tub shower to stand up showerNew ceiling fans in each roomNew mirror bedroom closet doors Pool repair (30 years of non use and has gold fish and algae)Repaired and painted concrete in backyard and garageNew garage doorNew drivewayNew landscapingNew appliancesNew exterior lightsPainted fire placeStaging Purchase price: $465k via HMLTotal rehab:$60kARV: $590kSold: $610kNet profit: $32k total then split 50/50I learned so much from this first flip but it was all worth the blood and tears.Here's a link to my Box album.https://app.box.com/s/spyxxp27krya754csrstmzz8bv1u8420
Ben C.
Removing Existing Plumbing
28 September 2016 | 6 replies
Hello,I am in the demo stage (prepping to remove all existing plumbing lines).
Brian Gibbons
Is the CFBP going out of business?
12 October 2016 | 2 replies
“In light of the consistent historical practice under which independent agencies have been headed by multiple commissioners or board members, and in light of the threat to individual liberty posed by a single-Director independent agency...We therefore hold that the CFPB is unconstitutionally structured.”The court’s ruling gives the president the power to supervise the CFPB’s director and remove him from that position at will; the court also asked the CFPB to review the decision in the PHH Corp. case.
Chris D.
Need clarification on builder's risk policies
11 October 2016 | 3 replies
As an aside, I have a loan now where the rehabber is going to be removing the roof and adding a second story.
Paul Winka
Have you had to hard wire your smoke & monoxide detectors?
12 November 2016 | 17 replies
Is the point of hard wiring because tenants remove batteries when they start chirping so these are idiot proofed?
Christopher J Lemmon
Outrageous Insurance Rates on Investment Properties
13 January 2017 | 14 replies
It's going to cover fire and debris removal.
Andrew Bourgeois
Neighbors contractor took down my tree.
29 August 2018 | 8 replies
Quick scenario is I have a property in Guilford County and the tenant called to tell me the neighbors were having a tree removed and the contractors accidentally came to my property instead and cut down a 30 y/o oak tree in my front yard. . .Here is what I found in the NC statues "1-539.1.
Marc-Andre Bordeleau
First investment: 16-plex apartment building
15 November 2016 | 8 replies
Though the tenants are paying their own heat and lights, you will still have a house electrical meter for common areas, expenses for groundskeeping (snow removal, lawn care), water and sewer, garbage collection, janitorial, pest control, administration/accounting/advertising, etc.
Tamara Batsell
Is $4000 acceptable for Earnest money on a 115K loan?
18 November 2016 | 32 replies
And the standards evolve over time.In neighboring Santa Clara County (California), it has been 3% as long as I have been involved (20 years)Here in Santa Cruz County, the standard used to be 1% upon acceptance of the offer and increase the deposit when the first contingency is removed to 3%.I write "used to be", because at some time between 2007 (when I did my last contract with the 1% increased to 3% deposit) and 2012, agents in Santa Cruz adopted the Santa Clara style of full 3% upon contract acceptance.I suspect that your agent calculated 3% = $3000 and change, and he rounded it up to $4000, to show financial strength.That can make a difference.I recall writing an offer in 2012 on a fixer upper that was listed for $540k (worth $800k after $100k repairs).