All Forum Posts by: Phillip Dwyer

A friend of mine is redoing his bathrooms with this tile for his main residence now. He's really excited, and the photos looked great. What's the cost per square foot installed?

It's like an old cartoon with a multi-headed dragon who's heads argue.

Too big to fail? Lol

FHA has minimum property standards that must be met before the loan can be done. They charge the appraiser with the task of checking to make sure the property meets these standards during the appraisal inspection. If the property doesn't meet the standards, the appraisal is completed subject-to the property meeting those requirements. Once the repairs have been completed, the appraiser goes back out to the house to verify. This has been the case for several years in all states. That said, part of the requirements is that the property must meet local/state building codes. I've been seeing clauses on appraisal orders referencing carbon monoxide detector requirements for properties located in California. Also, lenders can add more stringent requirements (overlays) on top of the FHA minimum standards.
Fannie Mae and Freddie Mac also have requirements, but these tend to be less stringent than FHA.

Bruce L. I would just paint all the cabinets white, and maybe add hardware.

Meili Ware Keep reading here on BP. That will help you start to think of questions to ask when you're ready to network with RE agents and other investors.

Robert Adams Start a rain dance! I'm hoping for the same thing.

Brian,
Welcome to BP! This is an amazing resource if you get active in the forums. Best of luck expanding your horizons.

Welcome to BP. Do you plan to invest in SLC? What's the market like up there?

Robert Adams Were you at the event? The turnout was good, but I didn't see a lot of agents or brokers. Next year I anticipate more from that segment.

I don't think AB284 will be revised soon either. The uptick the retail industry has experienced from the new found disposable income (people not paying mortgages) helps the local and state governments collect more sales taxes. Plus jobs are being created/maintained in the construction sector.

It will be fun to see how it all plays out over the next year.