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All Forum Posts by: Gary B.

Gary B. has started 67 posts and replied 128 times.

Hi Fellow investors, I have removed contingencies from the primary home i am planning to buy. But with the current trends in market and banking sector under distress I am seriously thinking of canceling my contract. 

What would me my exposure to losses here ? I have given 3% earnest deposit.

thanks, Gary 

Hi Fellow investors, Could I 1031 my apartment building with a land that i will be constructing on ? 

Land will be cheaper than my apartment building however when i build on it will be much more expensive to build a new set of apartments and eventually valuation with be higher. Thanks ! 

Post: Do we need home warranty at time of purchasing home ?

Gary B.Posted
  • Hayward, CA
  • Posts 133
  • Votes 12

I am purchasing a new home and one of the items during settlement is home warranty. Is this something you recommend that I take ? I am not sure how is this different from home insurance that I will take anyways.

Thanks, Gary

Post: Lawyer for residential rental laws

Gary B.Posted
  • Hayward, CA
  • Posts 133
  • Votes 12

Hi fellow investor, i need some legal advise from residential lawyer in bay area. can you recommend someone ? 

thanks, Gary

@Basit Siddiqi - independent contractors covered under Workers Comp policy ? 

thanks @James Mc Ree for suggestions, I was thinking of treating my handyman as 1099 employee and take a worker's comp insurance. What do you think about that option ? 

Hi there, I have a multi-family property and one of the tenant ready to do a handyman work for me at the property. What sort of insurance I need or he needs to work for me on repair jobs at property?

Best, Gary

Post: Insurance for multi-family

Gary B.Posted
  • Hayward, CA
  • Posts 133
  • Votes 12

@Jeff Zimmerman @Melissa Harris thanks for your suggestion. Can you share contact info ? I am looking to insure 27 unit property in Fresno. 

Post: Insurance for multi-family

Gary B.Posted
  • Hayward, CA
  • Posts 133
  • Votes 12

Have you seen rise in insurance premiums ? My insurance company raised $4k in premium this year for no reason in Fresno area. Any good insurance agents / brokers you can recommend ?

Post: Financing Land with city approved plans

Gary B.Posted
  • Hayward, CA
  • Posts 133
  • Votes 12

@Tim Johnson thanks for your advice. Would you know any lenders in California who offer such programs