Mike Gorius
Insurance Needed for a Home in Poor Condition!!
Hi,
I am closing on a duplex that needs a lot of work...a lot. The bones and roof and plumbing are good. Roof and plumbing was replaced just a few months ago. I'm buying the home for 35K and only need coverage for 70...
Patrick Philip
Has anyone ever flipped a house that went wrong?
Reason I ask is because I'm about to take out a HELOC to rehab a house. I am on the lists of many wholesalers. I know I have to check the numbers myself. But if they come back good and I get an inspection before I buy...
Matt Radhe
Is it cheaper to start with a gutted house? (Baltimore)
Hey everybody, I'm fairly new to BP but have really appreciated all of the helpful feedback from everyone on the forums as I get closer to pulling the trigger on my first REI. My partner and I are looking at purchasin...
Cali Skier
Home Warranty for a Rental Property
I can ask the seller to purchase a home warranty or I can back it out and reduce my loan or closing costs. Questions:Can you make claims on a home warranty when you have renters in the property?Is there any value in ...
Landon Eskew
ADVICE NEEDED - House Layout Ideas
About to close on my first house and I got the chance to get in and do some measurements a little early to decide on where I'd like to go with the flip... This house is pretty much a complete gut so I'm looking for wa...
Adam Levy
How would you negotiate this?
Hi all,
I'm scheduled to close in Nov on a 2-family. The inspection revealed some legitimate concerns about the foundation of the house. I was aware some of the stone and brick needed re-pointing when I put in my ...
Krishna Chava
Nightmare with plumber: He threatens call authorities.
Long post but here is summary: I refused to use a plumber's service and he threatens to report code violations in my property to authorities!I own a fourplex in Irving and I called a plumbing company yesterday (12/23,...
Mark Young
Rehab Thought for a Noob?
I'm a noob and so's my wife. I've always wanted to do this thing, and only now do I have the opportunity and the game/handy wife to give it a go.
What I'm looking for is some thoughts on cost estimates. We're handy a...
Account Closed
Is a 50 year old property too old?
I've seen the rule of thumb that you shouldn't buy a property older than 30 years for value-add multi families. In some markets (like Cincinnati) the up-and-coming areas consist of properties that can be much older; b...
Maneesh Joshi
City Permits not pulled
Hello all,
Have a question. I have an offer out on a house in Philadelphia that was rehabbed and we found out that no permits were pulled at the city for the rehab (new kitchen, HVAC, plumbing...etc). I am planning ...