I was in the process of purchasing a for sale by owner home in TX and had looped in a contractor to assist with rehab. I signed a contract to allow him to get started on the home once we closed. Unfortunately, due to ...
I am a real estate investor doing a creative financing deal on a 60 unit apartment building in Michigan. I know that you need a contractors license to file a lien on a residential property but do I need one for a comm...
Hi everyone,
I am going to preface this by saying I have never done a rehab before. Currently looking at a multi-family REO that needs a fair amount of work. The house has no electricity and/or heat turned on. I foun...
Can someone please let me know the mechanics of the recording process on an owner-financed deal?We write up a deed and execute the sale. The deed gets recorded at the county level in NJ. Let's assume there is no CO ob...
I unfortunately hired a contractor for a house I just started rehabbing and he sounded really good! He came in with all sorts of experience ace telling me how great his work is. The project started and from day one...
So I'm going to be replacing four clogging-prone toilets as I refresh the bathrooms, the first one being over Christmas because one student is leaving after finals and my own kid is actually moving into that room.I've...
The DilemmaAs of now I am a wholesaler that is learning how to find deals. However after reading “the book on estimating repair cost”, I am still not confident to being about to estimate repair cost. I fear this may b...
Are there any other investors absolutely crazy about science / physics?
Hello,
My partner and I are thinking about starting a house-flipping as the next step to his consulting engineering business in building mechanics and electricity. He has ten years of experience as a consulting en...
Hi all, curious on any advice or tips here. Inspection was schedule for today but when the inspector / my realtor arrive the power is off. They also noticed the furnace and hot water tank is missing / stolen. Selle...