Real Estate Investment and Commentary RE&IC

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Services for Real Estate Pros - Miami Real Estate Investor's Association MREIA
Educating Investors in Real Estate and Investment Strategies that produce multiple streams of Cash Flows or Assets.

ARCHIVED BLOG POSTS

2008 

8) Get a C.L.U.E. report before you purchase a property? What is this? Hint: Provides history. www.choicetrust.com Answer:  Did you ever go into a house or property and have a feeling that something happened to this structure but it is difficult to pinpoint.  Here are some ideas to help you with ...
10/26/2008
7)  When you are finished rehabbing, based on the age of your property you may need a four point inspection. What is this and what is it for? Answer: Insurance companies and state counties will grandfather in single family homes that are not up to existing code regardless of the home's age.  If y...
10/24/2008
6) While purchasing a bathtub, make sure you are buying the correct one. Hint: Right & Left. Answer: When rehabbing a simple bathroom, nothing exotic just a bathtub with water and shower fixtures, make sure you know what you are about to tackle.  The old style bathtubs are heavy and usually seale...
10/23/2008
5) Make sure the run numbers match while purchasing tile, especially from an overseas manufacturer. Why? Answer: I ordered tile from Home Depot via Spanish manufacture, for a property I was rehabbing.  I like to place tile floors on properties we are going to rent for maintenance reasons.  The ti...
10/23/2008
Here you go.... 3) 50% Rule. What is this? Answer: Most counties in the U.S. require that if you are spending more than 50% of the assessed value of the property being rehabbed you will need architectural plans prepared by a certified architect (OUCH!), special permits and engineer certifications...
10/21/2008
These answers come from personnel experience while rehabbing properties:  Here are the answers to the first two items from the Sunday's TOP TEN Blog: 1) While demolishing a property, rehabbers will order a dumpster. The City/County knows when you order one. Could this be a problem? Why?  Answer: ...
10/20/2008
I wrote this article to make you think about the answers. Some of answers are going to be common sense but I tried to make you think a little before answering them.Ten Things to Be Awareof While Rehabbing a Property While demolishing a property, rehabbers will order a dumpster. The City/County k...
10/18/2008
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Bob Burns

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