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All Forum Posts by: Jordan Deeney

Jordan Deeney has started 8 posts and replied 47 times.

Post: What is your Rehab Process?

Jordan DeeneyPosted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 49
  • Votes 31

@Emiel Barbosa, I agree with @J Scott on paint/cabinet/flooring order. I mean, it may depend a little on yourself and how you like things done in regards to which order you do it. 

Personally, I have discovered huge pains from having any paint work being done after cabinets and flooring. So I am now always doing Paint, cabinets, tile, and then floors as late as I possibly can. Paint you can touch up. Cabinets, you have to replace as touch up is not very effective. And paint on the floors is pain x 1000 haha. In regards to putting in cabinets before flooring, that gives your countertops more time to be measured, cut, and installed which can slow things down on a tight schedule.

A lot of good advice on here! I hope this helps. 

Post: Unpermitted additionsI’m not sure what to do

Jordan DeeneyPosted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 49
  • Votes 31

@Delbert Standifer, I would do some research to figure out what all you are looking at first. I would first (anonymously) get in the touch with the city/county and see what it would take fix your situation. Just tell them you are looking at buying a property with all the details of your current situation, and see if you can get the existing structure approved if it is brought up to code. Do not give them address :). 

I would also get multiple opinions from GC's on the property to see what in fact appears to be done right/wrong. You can find if everything is jerry rigged together horribly or done somewhat right. You then at least know what your options are and have a price tag on your solutions. 

Hope this helps!  

Post: Electrical and Plumbing Updating

Jordan DeeneyPosted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 49
  • Votes 31

Thank you so much for the feedback @Jim Goebel. It is very unlikely that I know something you don't haha. Yes, I am not sure on the afci exactly. The inspector on my first flip said I needed them in the rooms. I may have misunderstood. And that is a very great idea on a no/go inspector. It is good to find someone that will not give you a biased opinion.

Thank you @Will Barnard. This seems to be the feedback I am getting so far from people. Which is good. My first flip, I decided to change everything out due to higher price point and I had to move the panel and remove so many walls. But the next one I am on is a lower price point with a lot less work. So I am hopeful that I can keep that electrical cost down since it doesn't need to be a high end flip. 

Post: Electrical and Plumbing Updating

Jordan DeeneyPosted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 49
  • Votes 31

When do you need to update electrical and plumbing on a flip?

I am newer to the house flipping business, and a clear cut answer to this question has been evading me. 

For example, I am looking at a property built in 1953 that will have a fairly low/medium price point for a c+/b- area. Am I required to do anything by law here? Or does everything need to be updated to code? 

Or can I go in the middle and just update outlets to afci and gfci, update panel, and leave all the wiring intact? 

I know every area and municipality is likely different, but I'd love to hear what people are experiencing in their areas. 

And how much does price point and area impact what all you do to the electrical? 

Any insights on this same issue with plumbing would be greatly appreciated.

Thank you everybody!

Post: Looking for a contractor

Jordan DeeneyPosted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 49
  • Votes 31

Hello everybody,

I am new to the Atlanta area and I flipping in the North Atlanta metro area (Acworth, Kennesaw, Woodstock, Marietta, Smyrna regions). I have 2 properties under contract. One is in Acworth and one is in Smyrna. I am looking for a general contractor who works with investors on flips. If anyone has any recommendations or if there are any of you contractors on here, please reach out to me. 

Thanks!

Post: Where to hang license for part-time agent

Jordan DeeneyPosted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 49
  • Votes 31

Hi @David Holcombe. Let me preface this by saying I know nothing about brokerages in the area or brokerages in general.

But I did meet someone with "exp" realty and he was thriving with them. They are cloud based and seem to provide you flexibility with what you want to do. I just don't know much about them as far as if you can do part time or not. But just throwing it out there for you to have an option to look at.

Post: Property flip - installation of Septic System required...

Jordan DeeneyPosted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 49
  • Votes 31

Hi @Rex Celle. My dad, who happens to be a septic designer in Washington State, was over at my house when I was looking at your post. So I asked him to give his 2 cents :). Hopefully this helps a little. 

"Regulations regarding on-site septic systems varies dramatically across the country, ranging from very strict to what I call “the wild west of septic”. I’ve designed thousands of systems over a period of 37 years in a State with rather strict regulations. Then within that tough State I design mostly in a particular county with even stricter rules and policies (I specialize in tough sites, rules, and regulations). You will definitely want to consult with whomever designs systems in that area along with conferring with the applicable regulatory agency. As with most things, you will want someone with experience in that area that “knows the ropes”. In some states the regulatory agency designs the system. In some, the contractor designs and installs with regulatory agency oversight. In others, professional engineers and/or State licensed designers are authorized for design, again with regulatory agency oversight.

Since the area in which I work is very strict, I will speak to those rules. This input should then be on the conservative side for you (hopefully). This advice will be very general as there is a complex array of system options available in conjunction with regulations and site specific constraints.

To protect or even increase the value of the property it is crucial that the replacement system meet current code (be “conforming”) and also provide a backup (reserve) replacement area. Otherwise future building permit options may be very limited, if not non-existent. This of course can have a dramatic impact on the value of the property. Additionally, you will want to consider if the market would dictate replacing the system with a higher capacity than the existing system. Most areas size systems based on the number of bedrooms. In the 80's most folks wanted one or two bedroom systems. Today, most systems are between 3 to 5 bedrooms. What is the market in the area you are looking at? What existing homes are selling? What number of bedrooms in new construction? When I have clients that just need a two bedroom system, I ask them if they would like to consider at least a three bedroom system in order to enhance future market value. If they do not wish to pay the additional cost for a larger system I still try to layout the system design in a way to be able to easily expand in the future.

Since soils take a very long time to develop, it is typically changes in soil classifications in the regulations that will be of concern. My State has updated the soils classifications four times since I began design work. Another concern would be whether of not man-made activities have impacted the soils in an adverse manner. Man-made events could include grading or bulldozing the site or driving heavy vehicles over the area (compacting the soils). Even without the soils classifications changing due to code changes, just having a different regulatory person than the one that originally looked at the soils can make a big difference on outcome. I am sure most of us have encountered situations were the regulations have not changed one iota, however, the “new” person in the regulatory agency interprets the rules differently.

I’ve droned on for a bit, however, this is just the tip of the iceberg in relation to all of the things I take into consideration when addressing septic system issues on a property. As with most things, the key is to get competent experienced advice. Hopefully the regs, rules, and soils in your area are on the easy side and your project proceeds smoothly."

Post: Want to do my first flip

Jordan DeeneyPosted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 49
  • Votes 31

Hi @Ashley Dupoux. An idea for you would be to start talking with everyone in your social circle about what you're doing. For me, I have found that people usual will be mention their own property or rental property. This can be a source of equity they can use to invest in one of your deals. For myself, I have found success in finding money using this technique. More so with people have more experience in real estate investing. I even found someone in my extended social circle that already did private lending on flip projects. 

The other option is always Hard Money Lending. You may have to call around a lot to get 100% lending on a flip project. I have had one Hard Money Lender tell me they would lend 100% if the deal was good enough for them. 

Hope this helps!

Post: BRRRR USING HELOC EXPERIENCE?

Jordan DeeneyPosted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 49
  • Votes 31

Hi @Samuel Cardenas. I think @Grant Liddle's technique is spot on. Just make sure you can pay it back soon on a short term project. You don't want to get stuck with a variable rate over a long term. 

Post: Steps to flipping the right way!!!!

Jordan DeeneyPosted
  • Flipper/Rehabber
  • Atlanta, GA
  • Posts 49
  • Votes 31

Hi @Eric Lawson. I would highly recommend @J Scott's book on how to flip houses, published by biggerpockets. There are some other books by biggerpockets that help with deal acquistion, funding, etc. I feel these, hanging on the forums, and podcasting will help you out with your question a lot. Hope this helps!