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: You may start demolishing the property before you pull permits. This is a NO NO! When you pay your fee for the dumpster, the county is notified by the dumpster company. Besides, there is a huge and ugly container on your property. Any county inspector can pull up and ask for copies of the pulled permits.
P.S. The neighbors will start helping themselves by dumping their unwanted garbage into your container while you and your crew are not there.
2) You may need to upgrade the electrical drop and service if you find a house that is using GAS and you want to change to everything to electric. Hint: AMPS
Answer: There are still many homes that have gas, which is OK, but it may not have the following electrical systems:
- Heating or Air Conditioning
- Electric Range
- Hot Water Heater
These systems require increased AMPS (220 lines) to run correctly which most gas homes may or may not have. While estimating the conversion from GAS you must check the following items to help calculate your rehab costs:
- Does my current electrical service have enough AMPS to support the conversion? If not you need to upgrade your current service. Money...Money...Money...MONEY!.
- The local drop from the electric company to your home or investment property may need to be upgraded to provide the additional flow of current. Contact your local electric company for help.
Bonus: FREE Ebook - Learn to Wholesale Properties.
www.robertkburns.com/recommends/learntowholesale <=== Download Preston Ely's FREE eBOOK
(If link fails cut & paste this link: http://tinyurl.com/learntowholesale into your browser)
That's it for now!