Saturday, March 31, 2012

Inspection of next flipping property

Inspection of property we are in the process of purchasing today.  No big surprises.  One thing that came up was that the electrical box needs to be upgraded because it's only 60 amp (100 is the acceptable minimum).  On the good news front, it appears that the mold problem is happening due to poor drainage and an underground rain downspout that may be broken.  Both of those things are very easy to fix, so we can just run the downspout above ground and away from the house and add some top soil so the drainage is away from the property.  Another interesting tidbit is the price difference between inspectors. The guy we use charges $200, and that includes everything, including the reports.  We've heard estimates as high as $600.  Definitely pays to shop around!  Still working on the eviction process and looking for a second property to buy so we can start a pipeline (always having a project in the works will help everyone).

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