All Forum Posts by: James Phan

Hi Everyone,

Looking for advice on a situation I have with my Neighbor's leaning wall.

There's a 50ft retaining wall between my house and neighbor's house and that retaining wall belongs to my neighbor. My neighbor's property sits higher than us.

The retaining wall is beginning to lean to my house around 3-5 inches. 

Were installing a sidewalk next to it, and my contractor said the retaining wall is doesn't have strong foundation, and there's water pressure from our neighbors ground that push into that wall ( watering plan, raining systems going directly to the retaining wall).

We see signs of water from the neighbor into retaining wall and going to our side. The contractor said the retaining wall can potentially fall into our house and crack all concrete, worst it could hurt someone. Our contractor suggest to have attorney involve on this case before starting any work. I asked my friends who are lawyers, they all suggested to call home insurance ( Allstate) and home insurance will hire an attorney to review this case. 

Also, my neighbor's house has renters living there. Landlord is not present.

I'm looking for more feedback on ways I can deal with this?

Hi Folks,


I'm hoping to get some advice on who should I consult with to review my commercial lease contract... 

It's for a Warehouse.

-My business partners and I will be subleasing the space from the Landlord

-The space we wish to occupy is too large for us at the moment. We plan to grow into the space.

-Thus, we'll be holding the master lease, and subletting some of the space out. 


We have received the contract leasing offer, and have been reviewing it. I want everything to be correct, so I trust myself deciphering this contract.

Normally in this type of situation would a  "Tenant Broker" or a "Real Estate Lawyer" to suffice to review our contract?

Hi There,

I’m hoping this is the right space to seek feedback on a business structure for sub-leasing commercial space.

Myself, and 2 other partners have an interest in leasing warehouse space. At the moment we only need about 3500 sq. ft.

The space we want is 10,000 Sq. ft.

We anticipate growth, since most of our business requires dry storage.

Three of us just started separate business, so this warehouse space is too large for our current needs.

Subleasing the remaining space is the plan, until we grow into the space.

We plan to form a separate LLC (3 member) to be on the master lease to strengthen our financial stance and mediate risk for each of us.

Does this look like the correct way to go about this, given the circumstances?

4x8ft sheets

Based on application and data from local contractors we'll stock the following thicknesses for now...

5/8in & 3/4in.  

For the launch, I would perfer not too. This indeed will be a steep hill climb.

Greg,

The product is Construction Plywood. I’m looking at around 75% margin.

I’m targeting low-medium volume residential developers. My builder references primarily get their supplies from big-box stores. 

I’m hoping to negotiate a deal with developers who are just looking for the best deal and optimize cost by providing a complimentary service to source additional products for them.

I plan to offer a first-time buyer discount (20-30%) and commissions for referrals to build credibility and expand my inventory.

Thank you for your feedback, any other nuggets would be of great help!

Hello Folks,

I am planning to start a building materials business starting with just one product line due to starting capital. I don’t have the best selection or inventory, but will have the best prices.

That being said, I am looking for insight/feedback on the idea of developers forming partnerships with a supplier to optimize costs for them and in return help a supplier business get started. I heard this might be a good place to ask.

As being RE developers, would you be keen in this of deal? (Not with me per say)

Thank you in advance

sorry for the horrible image quality 

Hello DIY amateur trying to renovate my condo before being listed for sale!

I will be installing light oak vinyl flooring. Because of a gap I will be leaving around the post, I'm struggling to find trim ideas for the 2 wooden support columns. Appreciate any feedback. 

Hello my BP community,

Does anything have any suggestions on websites/apps that connects landlords and short-term tenants? (besides vacation rentals)

Will be 30-day minimum.  I've came across some ideas on this forums such as international student housing, medical profession contracts, travel assignments... etc...   I've googled these subjects, but a ton of different websites show up. Hoping if anyone has suggestions to expedite my search....

The reason being...

I currently own a condo rental property that's renting out at $2100 a mo. My mortgage is $1900 + 650 maint. fee. Approx. 2550 per month. Everything month this property is giving me a loss at $450 a month.

Before this, I was able to gross 5k a month with this unit as a vacation rental. Without getting into detail I was able to net a handsome profit each month. But... 6 months ago, my association starting cracking down on short-term rentals and it has forced me to find a long-term tenant immediately to cover my mortgage. As with my long term-tenant, its unfortunately been at a negative cash flow for this time being....

Thanks!