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How to Rehab a Property in the Proper Order

6/10/2022

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Inspect the property. Before you begin to rehab, thoroughly inspect the property. Note which items are in good condition and which areas need work. It's helpful to have a professional inspector walk through with you. He or she will be able to identify things that you may miss. In the U.S. you can find a qualified inspector through the American Society of Home Inspectors.  Ask the inspector questions as you go through the property.
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  • The home inspection should include the heating system, air-conditioning or HVAC system, interior plumbing, electrical system, the roof, the attic, any visible insulation, walls, ceilings, flooring, windows, doors, foundation, sewer line, and the basement.
  • If you are not a contractor, you should not conduct the inspection alone.
  • Take pictures of everything during the inspection. Your inspector will typically take photos of problem areas for their records, but you should have documentation for your purposes, as well.
  • The cost of an inspection depends on the size of the property. 
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  • Develop a checklist. Once you identify areas that need work, create a rehab checklist. This will help you stay on track and not miss any repairs. Include both interior (walls, paint, etc.) and exterior items (e.g. landscaping, gutters, and outside lighting).[
  • The checklist should be very detailed and describe everything that needs to be done to the property.
  • The inspection report can be used to generate the checklist.
  • 3
    Create a budget. Go through your checklist and decide how much each repair will cost. An Excel spreadsheet is a great tool to use for your budget. The budget should be itemized for each individual repair. If the cost of your repairs exceeds your budget, you will need to make some changes to the checklist.
  • Budget for unanticipated problems. These are bound to happen. New issues may arise once you begin the rehab process.
  • If you plan to sell the property once rehabbing is finished, consider how much you will be able to sell the property for.
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    Work with a contractor. Having a good contractor will make the rehab process much easier. Take your time when you are searching for a suitable contractor. Contractors can be found through referrals, your local building department, real estate investment associations, and general job boards. Pre-screen any candidate to determine if he or she is a good fit for your project.
  • Pre-screen questions should cover these considerations:
    • A contractor's experience: you want at least three years
    • Equipment: a contractor should have his/her own equipment
    • Employees: you want to see adequate support to complete the job
    • Licensing: a contractor should be licensed by state or other local jurisdiction 
    • Insurance: liability and worker's compensation
    • Subcontractor use: determine whether the contractor will be using subcontractors for the job
    • Referrals: look for at least three positive referrals 
  • Each contractor you're interested in should submit a formal bid. Choose the contractor who fits your budget and demonstrates the ability to do a good job.
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    Have a walk-through with the contractor. Once you have chosen a contractor, you may need to do another walk-through of the property. Your contractor can also help you make adjustments to your budget and checklist.
  • Set a timeline for completion once you have everything in place with the contractor. This will keep all involved parties accountable and on the same page.
  • 6
    Get any necessary permits. Permits are typically required for rehabbing a property. Having the required permits in place will help you avoid violation of local building codes. Contact your local building department to determine what you need. This will vary based on the type of work you'll be doing.
  • Typical renovations that require a permit include installing new electrical wiring, expanding floor space, installing a fence over six feet tall, and anything that involves a public sewer line.
  • Tasks such as installing a roof, putting in new flooring, painting, and replacing windows and doors usually will not require a permit.
  • Your contractor can help you procure permits.
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We Need to Buy 3 Homes ASAP (Cincinnati, Dayton, mason, Fairfield, Ohio)

8/17/2021

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DO YOU OWN AN UNWANTED HOUSE AND WANT TO SELL QUICKLY!!!
STUCK IN MORTGAGE????
BEHIND IN PAYMENTS
VACANT?
RELOCATING?
DIVORCE?

IN FORECLOSURE?
LOUSY TENANTS?
LIENS?

ESTATE SALE?
NEED REPAIRS?
FIRE/WATER DAMAGED?
LISTING EXPIRED??
NO EQUITY??

ANY AREA, ANY CONDITION, ANY PRICE.
WE PRIVATE INVESTORS WHO OFFERS A CREATIVE
SOLUTIONS. NOT A LOAN. NOT A BANKRUPTCY.

FOR IMMEDIATE RESPONSE
www.trin-i-tee3properties.com

P.S. RARELY DO PROBLEMS JUST GO AWAY
CALL NOW!!!!!!!!! 513-429-2583
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You have Options Call Today to what yours are!

11/9/2016

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There are programs to help Cincinnati homeowners to stop foreclosure regardless of your situation.

With the right help, virtually any foreclosure situation can be successfully resolved. We have helped hundreds of homeowners to stop foreclosure and we can help you too.

When facing foreclosure Time is of the Essence. You MUST act fast to protect your rights.

Many people needing help with stopping foreclosure simply do nothing and hope for a miracle. Don’t fall into that trap! Contact us today for more help.

Time is your enemy!

If your house payments are more than 3 months behind, your lender has probably already started foreclosure proceedings. As time passes thousands of dollars in penalties and legal fees can be added to the balance you owe. And every single day extra interest is added!
Call NOW !! 513-429-2583
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Tips to Help Sell Your House Fast

3/22/2016

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Tips to Help Sell Your House Fast
In the past, it was easy to sell your house fast in Cincinnati. However, in today’s market and economy, the process has become very difficult. The many houses on the market have created stiff competition. In such a market, you need to consider what you are able to control. Don’t worry you can “Sell House Fast“.
Taking control of emotions
To sell your house fast, you must have your emotions under control. If your money or your life is tied up in a home, it is easy to become emotional about decisions concerning the sale of your property. You will be able to sell your house fast if you work from a logical perspective. Do whatever is necessary to control your  emotions when trying to sell your house fast to a cash buyer!!
Sell Your Unwanted  to Call /Text 513 429 2583
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WE BUY HOUSES CALL NOW!!!

2/29/2016

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Sell Your Cincinnati/Hamilton House Fast Sell your Cincinnati house fast, even if you’ve tried almost everything…Get an all cash offer on your house regardless of location, condition, size, and price. We can close quickly – usually within the next 30 days – so you can get rid of your problem property and get on with your life!

If you need to sell fast, look no further -Does this sound familiar? You’ve put the sign in the yard, placed ads in the paper, posted your house on Craigslist, worked with agents, and maybe you’ve received some responses, but none of them have made the sale… we can help.
          CALL TODAY!! 513 429 2583
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Bank taking your Home?? Your Choices!!

1/14/2016

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What Is A Foreclosure In Cincinnati Ohio? In simple terms… “A foreclosed home is one in which the owner is unable to make his mortgage loan payments and the bank repossessed the home”.  If you stop making your house payments… your lender has the right to foreclose on your property so they can attempt to recoup their money that was lent to you. 

A home is typically foreclosed on when a borrower fails to make mortgage payments. The lending institution assumes ownership and possession of the property, evicting the borrower. These properties are then sold at auction or more traditional means utilizing the service of real estate agents. A foreclosure can damage the credit rating of a borrower, and make it very difficult to obtain a mortgage for many years.
Depending on the state that you live in… a foreclosure can work in different ways. Check out the foreclosure process information over at the HUD Government website.

What Is A Short Sale? In a short sale, the home is still owned by the borrower.
The definition of a short sale is… “A short sale is a sale of real estate in which the proceeds from selling the property will fall short of the balance of debts secured by liens against the property, and the property owner cannot afford to repay the liens’ full amounts and where the lien holders agree to release their lien on the real estate and accept less than the amount owed on the debt”

In some cases, a short sale is an option agreed upon by borrowers and lenders. In a short sale, the home is sold for less than the outstanding balance of the mortgage. The unpaid balance (known as the deficiency) may or may not still be owed by the borrower.
This option typically takes some time, as a few different lending institutions may own the mortgage. All parties who have a stake in the property must agree to the terms of the sale, and a potential deal could fall through if even one lender doesn’t agree.
Short Sale vs. Foreclosure – Your Options While both options can have ramifications, a short sale often has less of an impact on the borrowers creditworthiness. A foreclosure could impact a borrower’s credit score by 300 or more points, where a short sale may only dent the credit score by 100 points.
Borrowers who are foreclosed on are often ineligible to purchase another home for 5-7 years with a traditional mortgage, where under certain circumstances, a short sale borrower can purchase immediately.
As many Americans struggle with an economy that has yet to completely recover from the 2008 crash, folks are having a hard time making monthly mortgage payments. Choosing between being foreclosed and initiating a short sale (or a 3rd option… selling your house to US  )is an easy choice for a borrower having troubles paying their mortgage on time.
Sometimes, lenders are willing to work with borrowers to complete a short sale, to avoid the fees and time consuming process of conducting a foreclosure.
Our suggestion is always this.
  1. Talk with your lender and discuss ways that they can work with you on your loan. We offer this service where we can help guide you in the right direction if you run into issues with your lender… just reach out to us on our Contact page and we’ll discuss your situation.
  2. Attempt a short sale or other program your lender may have that forgives part of your loan, creates a new / more affordable monthly payment so you can get back on your feet, etc.
  3. If the bank isn’t willing to work with you very much… your best option may be to sell your house. Work with a local real estate house buyer LIKE US to  sell your house fast for an all-cash offer. If you’re interested we can look at your situation and make you a fair offer on your house   Just fill out the form on our website  Foreclosure. Last resort is to let the house fall into foreclosure. This is the worst possible scenario. It’ll harm your credit and you could still be left with money owed to the bank even after the foreclosure is finished.
By knowing your options, you may be able to dodge a significant impact to your credit score, allowing you to purchase a new home when your situation improves. A foreclosure on your credit report makes that possibility extremely difficult for 5-7 years, so if you have the opportunity, a short sale can be the better option.
Have a pending foreclosure?  We’d like to make you a fair all-cash offer on your house.
Give us a call anytime at (513) 429-2583 or
fill out the form on this website today!!!
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Did Granma give you a house?

9/21/2015

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Foreclosure? Ugly House? 2+ Payments? Bad Health? Divorce? Landlord Headaches? We understand, and we can help because we solve real estate problems. We give home owners the peace of mind they deserve.
call today!!

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WE BUY HOUSES

8/29/2015

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How Does Your Process Work? This is probably the number 1 question we get when talking to sellers of houses in Greater Tri State Area, so let me take a quick minute to address it here.

The process is very simple.

Once you have submitted the form, the information will be sent via email to the person who handles your neighborhood in our office. They will contact you to discuss your home and your situation.

Get Cash Offer NOW!
* Your Name:
* Your Email
Your Phone Number:
Property Address:
City:
State:
Zip:
  

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HOW MUCH WILL WE PAY FOR YOUR HOUSE??

7/7/2015

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There are many reasons and situations for someone to want to sell their house fast.  Some of the reasons that we come across and are experienced dealing with are:You just got a new job (or a promotion) and need to be there right away.Congratulations – you’ve got plenty to think about – packing, finding a new place, arrange to get everything there, and oh, yeah – sell your  house fast!

Going through a divorceNot something to celebrate because of all the issues it brings along with it.  If you and your spouse own a house together, you want to sell it quickly so that you can both get on with your life.

Maybe you are facing a foreclosureYou are not alone – we are still seeing record numbers for foreclosures in Cincinnati and across the country.  You do have options but don’t wait to long.  We talk more about dealing with foreclosures

You’ve been a landlord for long enough!Maybe the constant calls for repairs and all the bad tenants are driving you nuts.  Or maybe that vacant house has been costing you way too much money.  We can help!

Perhaps you inherited a house Or you need to settle an estate.  The loss of a loved one can bring on many unexpected burden’s, making the loss even more difficult.  In either case, we have the experience you need to sell the house quickly and put all those matters behind you.

All of these situations are tough enough to deal with, let alone if they are exacerbated by another issue – REPAIRS – repairs to a house can cost thousands of dollars – money that you may not have readily available.  So then what do you do if you have a house that you need to get rid of fast, but you also need to invest in the repairs it needs?    This could add months to the time it takes to sell your house…if you can even sell it at all!  Rest assured, we can help with these types of houses as well.

Whatever the situation, please keep us in mind.  We are professional house buyers and work regularly with people going through the situations described above, so if you have a  house that you want to sell, give us a call 513 429 2583

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Stop Foreclosure!!!

6/8/2015

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There are programs to help  Homeowners to stop foreclosure regardless of your situation.

With the right help, virtually any foreclosure situation can be successfully resolved. We have helped hundreds of homeowners to stop foreclosure and we can help you too.

When facing foreclosure Time is of the Essence. You MUST act fast to protect your rights.

Many people needing help with stopping foreclosure simply do nothing and hope for a miracle. Don’t fall into that trap! Contact us today for more help.

Time is your enemy!
If your house payments are more than a month behind, your lender has probably already started foreclosure proceedings. As time passes thousands of dollars in penalties and legal fees can be added to the balance you owe. And every single day extra interest is added!

 513 429-2583





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    WE BUY HOUSES THAT NEED MAJOR AND MINOR REPAIRS,IN FORCLOSURE, VACANT AND ABANDOND PROPERTIES ,FIRE DAMAGE, WITH LITTLE OR NO EQUITY, IF YOUR BEHIND ON PAYMENTS Call us today 513 429-2583


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