All Forum Posts by: Gabriel Benavidez

My Potential tenants do not speak English the contract that I am going to have them sign is going to be in English should I consider in hiring a translator or try to get a contract in Spanish and if so how do i get one in Spanish? Thank you

Tomorrow i will be closing on my second house ive been building my savings for this moment! The one question i do have is that i already have a tenant wanting to rent but im not sure if i should take advantage of them and ask 1300 a month. Or be realistic and charge them 1000-1100 which is what houses are renting for in that area. Also the house did not come with washers and dryer or refrigerator just curious do we “landlord” provide that or is that the tenants responsibility to buy their own appliances

According to the contract the seller is not aware of any asbestos

Accroding to a family memeber he can tell by the siding and the small fiber glass

Im getting word that the house that i am under contract has asbestos. Is this a deal breaker? Should i get the house tested? How much would that be? Or should i back out and look for another home

Really appreciate the advice! Most likely i will be borrowing from my 401k! I rather be in control over my money than having someone else gamble with it.

Thank you for the great advice you guys! I will keep ya updated!

Service Entrance and Panels

Electrical Service Conductors: Overhead service, Copper

Panel Capacity: 225 AMP

Panel Type: Circuit breakers, GFCI Breakers, AFCI Breakers

Electric Panel Manufacturer: GENERAL ELECTRIC

Comments:

B. Branch Circuits, Connected Devices and Fixtures

Type of wiring: Copper, Aluminum

Wiring Methods: Romex, Conduit

Comments:

The smoke detector should be tested at common hallway to bedrooms upon moving in to home.

1) No smoke detectors were noted in the home at the time of inspection, standard states that smoke

detectors should be in every bedroom of the home, hallways leading to the bedrooms and any other

habitable rooms of the home. This is considered a fire, life and safety hazard.

2) At the time of inspection, the receptacle to the left of the kitchen sink did not perform as a Ground Fault

Circuit Interrupter (GFCI), standard states that any receptacle within 6 feet of a plumbing fixture has to be a

GFCI, and or perform and label GFCI certified. This issue was also noted in the bathroom of the home, this

is considered a shock and safety hazard.

3) All of the receptacles throughout the home showed open ground, this is when the ground wire is not

connected to the receptacle, this is considered a shock and safety hazard.

4) Exposed wires were noted by the sub panel of the home and in the attic, aluminium wires were also

noted in the home, this does not meet the current standard of practice and is considered a fire a safety

hazard.

Recommend having these issues looked at further and all aluminium wires in the home replaced.

Im so iffy about borrowing money from my 401k and use it to invest in more properties. What do you guys think is it worth it or just dont touch it?

Im currently under contract for a my second rental property i had the inspection done Saturday and my inspector found aluminum and copper wiring and he said the house would need to be rewired. Should i let that be the reason why not to buy the house or is the wiring not a big deal and will be an easy fix?