29 October 2019 | 17 replies
First thing I noticed was the baseboard heat which also implies no central air.
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21 October 2019 | 5 replies
Generally any electrical or plumbing / heating work has to be done by licensed contractors, so your position is reviewing bids, selecting the contractor and confirming the work is complete.
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23 October 2019 | 11 replies
-Complete light cosmetic updates and sell for $185k-$199Do outs:Condition of mechanicals (heating and water)Confirm septic or municipalInterview realestate agents to confirm the market in the area and some comps and the ability to sell under what conditions.
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22 October 2019 | 8 replies
Heat/AC, plumbing, electrical, septic, etc.
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23 October 2019 | 14 replies
Some things I have learned about Maine that need to be considered though:Taxes are relatively high compared to some other regions (all of New England/northeast are generally high property tax states)Heating and utilities are expensive here and often cut into landlord's profits as some of these are more difficult to pass on to the tenants than in other regionsThe housing stock is generally really really old (early - 1900s) and that comes with a lot more maintenance and CapEx than newer homes.
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4 November 2019 | 44 replies
I will be looking at what FHA compliances are such as heat/ac unit, roof, and whatever else might help an end buyer obtain financing, plus flooring and paint of course.
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23 October 2019 | 1 reply
Seller Financing - $0 down, no closing costs $15,000 seller concession at closing to cover repair costs for plumbing, electric and heating upgrades and for replacing the pool deck.
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25 October 2019 | 6 replies
Using my STR to LTR converter (credit card fee, self-employment tax, software, OTA fee, paying heat/power and wifi, higher insurance cost, linens, coffee setups, much worse if PM, etc etc) which I say is 25-30% minimum.
13 November 2019 | 1 reply
We've looked at it and structurally it looks good, the issue is that as is, we most likely can't get a mortgage on it mostly because there's no heat, and there's no bedrooms yet.
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24 October 2019 | 2 replies
Hey folks,I need to add AC (No heating needed) to a duplex I'm renovating.