All Forum Posts by: David Alter

Greetings Matthew,

As mentioned above, it depends all on how you learn. I've heard many people say they could never be focused enough to do the online course. I, however, prefer it. I did find that it took longer than the classroom would have. A 40 hour course took me probably 60 hours due to note taking, reviewing, ect. Whether you choose the class or online, look for an online study course to review before testing! I think I paid around $50 for it and I found it challenging. When I sat for the exam I found myself laughing at how easy it was compared to the practice exams. Best of luck!

agreed @sean gover . The ballparks i found online were $800 - $1500 if no major rewiring of the house is needed. At this point I'm going to bring in an inspector and an electrician and negotiate it into the offer.

That was also one of my concerns @jason bott . My wives cousin is our insurance agent so ill run this all past her. Awesome info from all of you! It's very appreciated!

Thanks for the reassurance guys! looking into it, the internet estimates seem pretty reasonable on changing out the electrical service. I guess I can send in the inspector and use these things as barging chips in the offer.

I've been looking at multifamily homes for the past few weeks with my realtor. I have found one that peaks my interest. The location is good, rent is solid and price is decent. My next step would be to make an offer and get the inspection done, but there are some issues I'm concerned with and would like some opinions. 

-It's an older home (early 1900s). It has a 60amp fuse box! Other than "A Christmas Story", I haven't seen a fuse box since I was a kid. The home is a licensed rental and has been operating like this for some time. Is this something I should be concerned with?

-The home has asbestos siding. It's in decent shape and is not cracking or falling off. Should I be worried about the future costs of residing the home? I believe I can just apply vinyl siding over top of the asbestos without the ordeal of removing it.

Thanks in advance to the BP community!

Welcome! You're in the right place!!

Crazy! My Dad is actually lives in the Farwell area!!

Thanks for the welcome, and best of luck to you as well!!

Greetings all!

I'm looking to pull the trigger and purchase a series of rental units in the Lansing MI area. I've been wanting and planning for this for the last 15 years and I'm now in a position to move on it. I'm thankful to have a father in law who, though retired, has a long history of owning and managing rental units in the area. I look forward to reading, learning and contributing on this well packaged site!