When it comes to flipping houses, real estate investors need to understand the to keys to pulling permits. The first item you must understand is whether or not you need a long form or short form permit. This makes a big difference and can significantly increase your time frame if it is a long form. The second key is asking your contractor if they have experience pulling permits in the Town or City you are working in. It’s not a deal breaker but this can streamline the process if they are familiar with the local inspectors.
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Real Estate Investment Coach
When it comes to flipping properties, one of the first things you want to look into after securing the deal, is the utility connections. This may sound odd, but many home that have been abandoned will require the new water, sewer, gas and electrical lines be installed from the street to the house. Obviously this is expected when you are dealing with new construction, but you should always confirm with the town or city when you are purchasing a distressed property.
Beware of Fake Real Estate Investors. These are the folks that go to a weekend seminar and think they are qualified to purchase your home and even say they’ll buy your house cash. While there are legitimate investors and buyers, most of the so called self proclaimed “cash buyers”‘ are fakers. Ask tough questions about their experience before you entertain their conversation.
The Dog House – A Foreclosure Tour
written by Robert Nichols
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