BiggerPockets Real Estate Podcast - Buying a House with Unpermitted Work? How to Fix It ASAP

Episode #1107 Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations: https://resimpli.com/biggerpockets/ Maximize Your Real Estate Investing with a Self-Directed IRA from Equity Trust: https://eqtytrst.co/bp-1031 Ask Your Question on the BiggerPockets Forums: https://www.biggerpockets.com/forums?utm_source=owned_media Episode Show Notes: https://lnk.to/biggerpocketsYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Let Us Know What You Thought of the Show! https://www.BiggerPockets.com/Podcastfeedback Ready for Your First Home Renovation? Grab “The Book on Estimating Rehab Costs”: https://store.biggerpockets.com/products/the-book-on-estimating-rehab-costs?utm_source=owned_media?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the BiggerPockets Real Estate Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch How to Renovate a House—Whether You’re Renting, Flipping, or Moving In: https://www.biggerpockets.com/blog/how-to-renovate-house?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Ashley: https://www.biggerpockets.com/users/ashkehr?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Dave: https://www.biggerpockets.com/users/davem27?utm_source=youtube&utm_medium=description&utm_campaign=none Does your rental property need some updating? Maybe you’re buying a house with unpermitted work, and you’ve got to go back and fix a few problems. Or, this could be your first home renovation as you try to squeeze some sweat equity out of your property. Regardless of your situation, if you’re planning a home renovation, you’ll need to know how to do a few things: build a scope of work, pull permits, manage contractors, and ensure the job is actually getting done. We’ll help you do all of those today! We’re taking questions from the BiggerPockets Forums today and answering topics like: 🚧 What to do when your home has unpermitted renovations ✅ How to analyze your first rental property or house hack 🛠️ How to build a scope of work to ensure you get the HIGHEST appraisal value 🔎 The best way to check in on renovations, especially if you’re investing out-of-state Some of these seem tricky if you’re a first-time investor, but don’t worry, ANYONE (even a newbie) can handle a home renovation IF you take the right steps and follow our suggestions. 00:00 - Intro 01:02 - Buying with Unpermitted Renovations 10:38 - How to Analyze First Property 18:04 - Building a Scope of Work (SOW) 24:08 - Checking in on Renovations