Real Estate Investment and Commentary RE&IC

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Services for Real Estate Pros - Miami Real Estate Investor's Association MREIA
Educating Investors in Real Estate and Investment Strategies that produce multiple streams of Cash Flows or Assets.
I do teleconferences and webinars to disseminate real estate advice, promote products, services and properties or fire people up for the Miami Real Estate Investor Association MREIA monthly meeting  The idea is to promote these events to maximize the number of participants and ...
10) Never paint Latex paint over oil base paint. What happens? Answer:  Latex paint painted over oil-based paint without a primer will come off if you try to clean off dirt, finger prints, etc.  Use of water-based latex paint over more than three or four coats of old alkyd or oil-based paint may ...
9) To make sure there are no surprises, make sure the property you are rehabbing, the mail is sent to your place of business. Hint: tax payments, lien violations, etc... Answer: I purchased a major rehab in Miami Florida that had a collapsed roof, fire damage, etc.  You name it, it had it.  In th...
8) Get a C.L.U.E. report before you purchase a property? What is this? Hint: Provides history. Answer:  Did you ever go into a house or property and have a feeling that something happened to this structure but it is difficult to pinpoint.  Here are some ideas to help you with ...
7)  When you are finished rehabbing, based on the age of your property you may need a four point inspection. What is this and what is it for? Answer: Insurance companies and state counties will grandfather in single family homes that are not up to existing code regardless of the home's age.  If y...
6) While purchasing a bathtub, make sure you are buying the correct one. Hint: Right & Left. Answer: When rehabbing a simple bathroom, nothing exotic just a bathtub with water and shower fixtures, make sure you know what you are about to tackle.  The old style bathtubs are heavy and usually seale...
5) Make sure the run numbers match while purchasing tile, especially from an overseas manufacturer. Why? Answer: I ordered tile from Home Depot via Spanish manufacture, for a property I was rehabbing.  I like to place tile floors on properties we are going to rent for maintenance reasons.  The ti...
Here you go.... 3) 50% Rule. What is this? Answer: Most counties in the U.S. require that if you are spending more than 50% of the assessed value of the property being rehabbed you will need architectural plans prepared by a certified architect (OUCH!), special permits and engineer certifications...
These answers come from personnel experience while rehabbing properties:  Here are the answers to the first two items from the Sunday's TOP TEN Blog: 1) While demolishing a property, rehabbers will order a dumpster. The City/County knows when you order one. Could this be a problem? Why?  Answer: ...
I wrote this article to make you think about the answers. Some of answers are going to be common sense but I tried to make you think a little before answering them.Ten Things to Be Awareof While Rehabbing a Property While demolishing a property, rehabbers will order a dumpster. The City/County k...

Bob Burns

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