All Forum Posts by: Jimmy Watson

Welcome!  Learn as much as you can, you never know when your 1st deal will fall in your lap.

I am in the electrical and plumbing rough stages of this rehab.  They were both inspected today, of course, red tagged on both with minor issues.  I'm the acting GC and I would like to talk to someone who has dealt with Dallas' inspection dept a few times and that could share some insight on the hoops needed to get this job completed.  I have talked to a few different people at Dallas, but I'm not getting straight answers and some are conflicting.

If you have a couple of minutes and some knowledge, please pm or call me.

Thanks!

The city of Dallas is requiring we have an Engineer's seal on drawings done for removing a wall and replacing support with 2 columns and a beam.  The span is about 7 ft.  Anyone able to do this or point us to someone who does? 

Thanks a bunch!!

Melissa

Garland Dallas Plano Richardson Sachse Wylie

I am trying to comp a house in a Dallas that really doesn't have much to compare it to. I would like some input on this if you have a second or if there's a thread out there that this scenario has already be brought up.

All are in the same subdivision, same age, similar curb appeal, all are 4/2/2, and the possible comps have comparable finish outs to what the subject house will have once it's rehabbed...hopefully by me. The subject house is 1,842 and no formal dining, while the two comps are 2,235 & 2,249 have formal dinings and the rooms are a little bigger. There are no rehabbed comps any closer in size than these.

The sold price on the comps are $209 & $211 psft. Since the subject house is approximately 400 sq ft smaller, would you consider them comps and if so, what would you entertain the per square foot price to be...$220, $225? Again, assuming all is apples to apples except the subject house is smaller.

Is there a general way of calculating this when the differences between the subject house and your best comps are further than ideal?

Thanks in advance!

Jimmy

Welcome! BP is a great place to learn and network.

I am sending you pm.

I went through Champions to get my real estate license. It was a great experience and loved the instructors.

Melissa

There's nothing that I would be concerned with. I would be happy with this report. I have always had the mindset that every issue has a solution and depending on the cost associated with a repair is what will determine if it's a purchase (investment) you want to make.

I would get a structural engineer out there to take a look at the rafters, purlins, and roof over the deck. At the very least, a competent framer should be able to lend info/hand on repairs. The roof over the deck may just need to be torn down. An Inspector isn't a framer/engineer and there isn't any formal training for an Inspector to properly "size up" the adequacy for of attic/roof structures, they may have called this out because it may appear to be structurally weak. Which is good, minor repairs now will save a lot down the road. You must have gotten the same inspector that inspected my last flip. He called out some roof rafter supports/props that were attached to pitched ceiling rafters that were from the origin construction...anyways, have someone take a peak.

Electrical not being grounded or not functioning properly should be checked out by an electrician. It maybe something as simple as the grounding wire has become disconnected from the grounding rod.

As for the dryer being 18", if it is a gas dryer in the garage, depending on the location of the burner, it may need to be 18" above the garage floor. Some areas require this, I'm not for sure about this area...I've never run into it. But, it's the same idea/concern as with the water heater. Some gas dryers have the gas burners closer to the bottom of the units than others, so, it may be a nonissue if the burner is above 18" within the unit.

Hope that helps, and good luck!

I don't appreciate you trash talking me...I've tried to be neighborly!

Just kidding.

Richardson is a great town to be selling in. Right now in all of Richardson, there are only 18 active houses in the 135k to 175k range!

@Account Closed My wife was talking to Metrotex on setting up hotsheets. She was told it will be the same as Austin's framework!

In April, they will start training on the new system.