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How Do I Fix 60 AMP Service in My House

 Do you own a house in Oshkosh WI with 60 AMP electrical service? If that is the case, there is a good chance it will need to be updated within the near future. Now the question becomes, how much will it cost you to remediate the issue? I will jump into the costs down below!  Insurance Issues with Old Electrical We have had numerous issues when it comes to obtaining an insurance policy on a property with old electrical . Why is this? Because the electrical is outdated & more of a safety hazard than not. When there is old knob & tube wiring running throughout a house you are asking for trouble.  Knob & tube wiring is an insurance red flag & if an adjuster would see an exposed knob & tube in a basement or in an attic space, they would make it a required fix prior to issuing an insurance policy. Be mindful of this when getting new insurance or switching providers if you currently have insurance on the property.  Financing Issues With Old Electrical ...

Direct Mail For Real Estate Investors

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  When you are starting out in real estate investing the hot marketing channel is direct mail. The reason behind this is the ease of being able to buy a list & start mailing right away. Whether you decide to hire a mail house to send out your letters or you handwrite them, it does not matter.  In our experience, the problem with direct mail usually comes from the list being mailed. When you have 100 other investors mailing the same list you can tend to receive the same sort of results. Whether it is a homeowner looking to shop around offers or just seeing how serious you are.  If you are first starting off in direct mail I would recommend a tax delinquent list for the best results. Tax delinquent property owners tend to have a need to sell otherwise there property might be taken back by the county. We have secured multiple deals with tax delinquencies and the profit margins have been quite substantial.  A tax delinquent list can be obtained by contacting the lo...

What Are Closing Costs

Closing costs are on both the buying and selling side of a transaction. If you are looking to learn more about what exactly they all entail, please keep reading as Carter goes over some of the most common closing costs that you face as a buyer or seller. Home Buyer Closing Costs Buyers face closing costs when they are either purchasing a home for cash or when they finance it through a mortgage lender. The main difference between the two is that the buyer will have significantly higher costs when going through a lender.  The main reason behind this is because there are more people that need to be paid. Instead of just paying for a title insurance policy, now you will need to pay for lender origination fee, discount points, appraisal fee, recording fee, and several other minimal fees.  The main cost is the lender fee which depends on if you go through a mortgage broker or normal bank. In my experience, local banks have significantly cheaper closing costs.  ...

Picking a Reputable Sell House Fast Company

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When you are needing a solution to sell your house quick you only have a few options. You can either call up a company like ours who will buy it in 14 days, or list with a Realtor and hope that a cash buyer comes along. In either route, how do you pick a reputable company to go with? I am sure that when you are online shopping you typically read the reviews on the product before buying it. You probably would rather go with a 4 or 5-star rating rather than a 1 or 2. So, why would it be any different for selling your house? If past people have had a bad experience, you do not want the same! Before you do anything, check out the companies online reviews & make sure they are from actual homeowners - not just acquaintances of the business. How do you verify that? You make sure there is either a home address or full name that you can verify or ask the company how they helped. Ask for a phone # to reach out to someone & verify that the home buying company actually helped the...

Buying a House on the Fox River

If you are reading this blog post there is a good chance you are searching for a home on the Fox River in Wisconsin. Down below, I am going to go over what you need to know about buying riverfront property & how to make sure you don't make a mistake! How Much River Frontage River frontage is typically not valued the same as lake frontage . Now why is this? For one, if you own a house on the river there is a good chance only a section of the frontage is usable for a boat dock or swimming area. If the house doesn't have a retaining wall by the water the river has probably washed away what use to be a good shoreline.  Another reason it is not valued the same is because a lot of the river frontage is considered swampland. Meaning, nothing can even be built on there.  Unlike lots on lake Winnebago, where you can bring the lot up to grade & potentially build a house there. I see quite often where homes have river frontage of 200+ ft but only 30-40 feet of that is ac...

When Should I Fire My Realtor

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Do you currently have a Realtor who is doing a bad job? Their communication is terrible, they made mistakes on the contracts, & they aren't selling your house. What other options do you have as a property owner? In the state of Wisconsin listing contract it states that the listing agreement can only be terminated with mutual consent from both parties. Meaning the Realtor (brokerage) has to sign off on cancellation & so do you the owner. If you are dealing with a tough or old school brokerage this might not be as easy as it sounds. However, if you are dealing with a Century 21 Affiliated brokerage they do have a "Seller Service Pledge" certificate that states if the agent isn't doing their job you do have the right to terminate the contract. Of course every scenario & situation is different. I would recommend you look at it from the agent's point of view. Do you have the property priced effectively or is it far too high? If the price is too hig...

Costs Associated With Buying a House - Appleton WI

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Are you considering buying your first house? Sick of Renting? Just Married? Relocating with your family? These are all reasons why individuals are motivated to purchase a home in today's economy. However, very few Realtors go over the costs associated with buying a house . In this blog post I am going to go into detail on all of the costs you will encounter as a new home buyer. 1) Closing Costs Some banks or mortgage lenders have a flat fee for what they charge when it comes to closing costs. I know a few banks in the community are somewhere around $650 to generate the loan. But in addition to the $625, you will have another 1% in title insurance costs you will need to pay. Along with setting money into an escrow account for taxes, insurance, & other misc items. Roughly speaking closing costs amount to about 2-3% of your loan amount. Note: You can have the seller pay your closing costs! 2) Inspection - I always recommend people to get a home inspection & that will...