Everything Else

Number of Conductors?

The knob and tube wires were single wire cables. Modern wires are typically two or three wires (black, white and sometimes red) and after the mid-1960s, they also included and insulated ground wire.
The two conductor plus ground cables are used for most normal household circuits. (Remember, conductor is just a fancy word for wire.) The three conductors plus ground cables are typically used for 240 volt appliances and multi-wire branch circuits, including split receptacles.
Hope this helps you to better understand??

HAPPY REHABBING!!!!

Extension Cords

Extension cords are flexible and stranded wire. Household cable is solid and should not be used as an extension cord.
Extension cords should not be used as permanent wiring. The sheathing is not designed to be stapled into place and the wire gauge is usually smaller than conventional household wiring. Extension cords are usually 16 or 18 gauge. Cords may cause fires if they are stapled to baseboards or run through windows and doors or under carpets.

HAPPY REHABBING!!!

Replace the Electrical? or NOT?

One of the biggest concerns, people have about a home, is the electrical within a home. I always get asked; “When can you tell if the electrical needs to be updated”?
One of the best ways to determine if the electrical needs updating or replacing, is to know the year the home was built.

Real Estate is Versatile

Real estate affords one of the greatest abilities to work anywhere you want. If you decided to invested in your state or out of your state it is your choice.

There are times when new investors may get stuck in one area. Some of these times these areas are areas where buyers are hard to find. Other times the profits in these areas are not as great as other potential areas.

Because real estate is so versatile remember you can always look for the best opportunities anywhere.

Why hold yourself down to a specific region?

However, do not get caught up in the "grass is greener" idea of chasing hopes and dreams everywhere else. You can find success just about everywhere.

Real estate agents and bird dogging

Hello everyone! I am new to the forums. I have recently finished Deans book 30 days to real estate cash. I have already found an agent and have looked over some of the listings she has sent me. I have a question though that I could not find the answer to in the book. When employing the bird dogging strategy, how is the real estate agent paid? Do they get a portion of your bird dogging fee or are you supposed to make sure that they are the agent in the final closing with your buyer? I hope someone can help. Thanks!

-Steve

Home prices continue to increase

Here is an interesting article talking about the rise in home prices. We are seeing the biggest price increase for the last 7 years. One contributing factor they point out is the amount of forclosures available for sale is slowing, and sicne forclosures sell for a discount it had kept the prices deflated. With less foreclosures on the market prices have increased everywhere with some markets increasing over 20%.

http://money.cnn.com/2013/05/28/real_estate/home-values/index.html

Ins and Outs of Seller Financing

Are you a potential homebuyer having trouble securing financing? Are you a home owner who wants to sell but is having trouble finding a buyer? As a buyer, getting a mortgage can be difficult if your financial situation doesn't fit into neat little boxes - a predictable salary that can be documented with paycheck stubs and W-2 forms, a stable employment history with no interruptions and a gleaming credit score. And as a seller, closing a deal on your home can be difficult if borrowers are having trouble getting approved for loans. Wouldn't it be great if you could take out the middle man and find another way to complete the transaction?

In this article we'll focus on a little-known option - seller financing - that can help you buy or sell a house.

Tutorial: Mortgage Basics

A Link Look Back at Indiana-Joe's Real Estate Journey and Adventures

I recently have celebrated my 4 year anniversary, April 28, 2009, on DG.com. I joined DG.com the day my wife and I returned from the Gain the EDGE 2009 Event.

I often think about all the great information I have learned as well as information I have shared over the years. Thus, I decided to put together this brief Link Look Back at some of the stories and adventures of Indiana-Joe which I hope everyone enjoys! Smiling

Indiana-Joe's Daily Adventure Journal
http://www.deangraziosi.com/real-estate-forums/investing-journals/20942/...

Indiana Joe's Guidemap to finding REO Gems...let the adventure begin!
http://www.deangraziosi.com/real-estate-forums/buying-foreclosures-reos-...

Only $ 3,000.00 Profit

Not my best profit on a deal by far but really helped some people out. Had a seller call who hadnt made a house payment in 6 months. Needed $ 9500.00 to bring the loan current and the house was worth $ 20,000.00 less then what the mortgage balance was. I bought the home and sold it to a buyer within a week. The sellers almost cried and told me I was God send.
The buyers are ecstatic their in a home they thought they could never get. Its not all about the money and I consider this one of my best deals to date.

DG

Don’t like division---try sub-division.

Being an active real estate investor I am constantly looking for ways to make money in real estate. In addition to being an investor I also have a college degree in Urban Planning and, in my opinion, I look at deals a little different than other investors. So I would like to just touch on the issue of possibly sub-dividing a residential lot to increase its value.

In this day and age, building lots are getting smaller and smaller with new construction therefore, cities are constantly examining and altering their zoning regulations to accommodate new development practices and population growth. On occasion, investors can take advantage of these changes.

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