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All Forum Posts by: Gopichand N.

Gopichand N. has started 23 posts and replied 71 times.

Quote from @Richard F.:
Aloha,

You need to look at the Declaration for your condo, which will tell you exactly what elements are yours, and which are "common" elements the association MAY be responsible for. It is often customary with condos that you own the floorcovering...tile, vinyl, carpet, whatever, but NOT the subfloor or structural members. If the this is the case for you, I would NOT cut out the subfloor and especially not a joist or two. It certainly sounds like the subfloor will need to have a section replaced, but you have not mentioned if there is another unit below you. If so, they should certainly also have some damage, based on long term seepage. You will likely be responsible to address that as well. Making an improper and unauthorized repair, and trying to avoid further expense is likely to bite you in the future.

 There is no unit below and what do you mean by "Making an improper and unauthorized repair" ?

Quote from @Bob Stevens:
Quote from @Gopichand N.:

I own a condo and my plumber found a toilet leak when recaulking ,the wax gasket never made contact with floor and there is lots of water under the toilet , not a flooding scenario , the toilet base is 100% caulked held in the water for years and there is no gap left in the back , now I need help if HOA can help here or would it be the owner responsibility?I was not aware of this because of what I stated earlier and probably there before I purchased it ,any guidance on how to approach this?


 Its a toilet leak takes about 10 minutes to to repair, get a guy , 75 bux 

 @Bob Stevens - the toilet leak is fixed, now the problem is there is still water under the toilet because the leak has gone unnoticed for years, there is still under the bathroom flooring and most probably spreaded to living room and other parts

Quote from @Joe Homs:

@Gopichand N. your HOA is probably only responsible for anything inside the common walls. They would probably not cover this, so it's your responsibility as a landlord. You can always ask? Just have it fixed by your plumber and move on...

Good Investing...

@Joe Homs - Thats how anyone sees it by general agreement and thats probably the HOA first response but in this case, firstly I have no idea of this as the base is 100% caulked before I even purchased this, secondly ,if I press the flooring in the bathroom I see water just pops up ,or the hardwood flooring in the living room feels like a bit wet underneath, it could have spread to other apartments flooring as well and it could impact the whole building (you won't know until someone opens the flooring) ,want to brainstorm on how to convince HOA to chip in? or I don't have a chance here ,my HOA is pretty reasonable if they feel justified which I think is the case here

I own a condo and my plumber found a toilet leak when recaulking ,the wax gasket never made contact with floor and there is lots of water under the toilet , not a flooding scenario , the toilet base is 100% caulked held in the water for years and there is no gap left in the back , now I need help if HOA can help here or would it be the owner responsibility?I was not aware of this because of what I stated earlier and probably there before I purchased it ,any guidance on how to approach this?

Post: How to calculate discount when paying in full cash ?

Gopichand N.Posted
  • Investor
  • San Jose, CA
  • Posts 75
  • Votes 34

How do you negotiate when paying full cash for a $400k SFH ?any thumb rule(s) on how much to bargain for ?

Post: Lehigh Acres Multifamily

Gopichand N.Posted
  • Investor
  • San Jose, CA
  • Posts 75
  • Votes 34

@Peter Davis  or @Colby D Hollins- I am looking to invest in a MF in Lehigh ,am looking to connect with fellow investors in that area , is it okay to DM you ?

Post: Lehigh Acres Multifamily

Gopichand N.Posted
  • Investor
  • San Jose, CA
  • Posts 75
  • Votes 34

@Neil Blalock - am looking to do the same through RTR ,they are offering a new duplex in Lehigh acres, how's your expericence so far?

I am looking for the same info

Post: Looking for Banking Recommendations

Gopichand N.Posted
  • Investor
  • San Jose, CA
  • Posts 75
  • Votes 34

@Mo Maktari - I am looking for same , do you mind sending me the same info ?

Post: Tips for Multi Family OOS

Gopichand N.Posted
  • Investor
  • San Jose, CA
  • Posts 75
  • Votes 34

@Doug McVinua Thanks for the details , based on your experience how do you do due diligence to ensure it’s not the wrong building ?