Whitney Moore
203k Contingency fund
Hello,
We are in the process of a 203k loan and we about 50% done with the project. We currently have depleted most of our contingency and after review we noticed that some of the money was spent on permits and tras...
Jim Perry
Owner/Occupant selling home with open permits
Hi everyone and thank you in advance for any advice you may have.I have a situation where I purchase a house 6 month's ago for a family member,my daughter,to move into.I applied for and received permits to do construc...
Cody Hunter
State Requirements for Flipping
Hi All,
I am curious as to each state laws for flipping/rehabbing as a business. Let's see if we can cross off each states requirement's. Thank you for contributing.
I'll share Oregon's point of view: If you are pu...
Tyran Melong
Open Permit for Oil tank
Anybody ever had to deal with this? I’m trying to get this deal closed never ran into this before.
Matt Blutowski
Rough estimates wanted
I need some advice estimating rehab cost!
I'm buying a duplex in an area that has appreciated quickly over the past 5 years. I had initially anticipated making repairs to the house then holding it as a rental, but am...
Lindsey Smith
Char-Meck Building & Zoning Permits
This may be a long shot, but we could really use a miracle right about now.My husband owns a restoration and construction company, and he usually pulls permits for jobs in Cabarrus County. We live in Mecklenburg count...
Raymond Sharkey
Pulling permit for egress window
What are the pros and cons of pulling a permit for a home remodel? I’m doing carpentry work on a house that an investor is converting into a duplex and I wanted to pull a permit for the egress window that I’m installi...
Carlos Ortiz
unimproved commercial lot contract - which contract to use
which trec form do i use - umimproved commerical lot - or unimproved lot contract , planning to build apartments - looking for an example -i am real estate broker looking , i usually do residential only --
John Morgan
Do I need to file a franchise tax report for my LLC?
I formed an LLC in Texas for my 6 rental properties last year. A letter from the Texas Comptroller of Public Accounts says my company’s first franchise tax report is due in May. What is this and do I need to file it f...
Quynh-Chi Nguyen
Agent said to skip asking for the permit
I am currently under contract for a single home. It will be my primary resident. The property does have a one car garage that is not listed on the property card. My lender requires the seller to provide permit and hav...