First 2 answers to the Ten Things to be aware of while rehabbing a Property...

By
Services for Real Estate Pros with Miami Real Estate Investor's Association MREIA

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
  • Dryer    

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!
Bob Burns
www.investmentpropertiesmiamiflorida.com

 

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Show All Comments
Rainer
78,139
Rebecca Schrader
Competitive Insurance of Dundee - Dundee, FL

Bob,

Wow, you've certainly done your homework...thanks for posting such an informative blog...It is quite an undertaking and at times quite overwhelming...it's really good to have someone knowledgeable if you're going to do it yourself...ahem...speaking from experience! lol

Oct 20, 2008 02:41 AM #1
Rainmaker
216,695
Dave Edwards
Dave Edwards Realty - Greenville, SC

Thanks for the good information. Look forward to further answers.

Oct 20, 2008 03:00 AM #2
Rainer
15,516
Bob Burns
Miami Real Estate Investor's Association MREIA - Miami, FL
Real Estate Marketing and Blogger

Dave:

I should have the anwers to the next two items in the morning.  Thanks for your input!

Bob Burns
www.invetmentpropertiesmiamiflorida.com

 

Oct 20, 2008 03:14 AM #3
Rainer
90,134
Mike (Inspector Mike) Parks
Inspector Mike - Circleville, OH
Inspector Mike

Bob

Please do not confuse AMPS with 220V (volts). They are different. All homes have 220V. They may not have enought AMPS to carry the load.

Oct 20, 2008 11:52 AM #4
Anonymous
Mike:

Mike:

You are correct.  I should have worded it differently.  These appliances and systems pull more amps and the existing electrical service may not have the capacity.   Also the wiring needs to be upgraded.

Bob Burns
www.investmentpropertiesmiamiflorida.com

Oct 20, 2008 12:38 PM #5
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Rainer
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Bob Burns

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