All Forum Posts by: Nathan Mailly

@Theresa Harris Yes, they must have known. I'm not sure, still waiting to hear back from my attorney.

@Marc Winter yes, I think it is city owned. Do you mean as opposed to privately owned? Okay, I will definitely reach out to some master plumbers. Thanks!

@Dan H. Thanks for your thoughts Dan. The shutoff I am referring to is the shutoff at the street, which each house is required to have. Currently, My house and the house behind me are run off of the same shutoff at the street, even though we both have shutoffs where the main enters each of our houses. The shutoff at the street is buried under the pavement and has never been shut off.

When I originally cut into the line the shutoff in my house was already closed. As water began to spray out of the cut I began to close every valve in sight, but water continued to spray out. We eventually crimped the line and I plan to cap it and bury it in the slab, which the water dep. seems to be okay with.

However,  because of this whole ordeal the water dep. wants me to tap a new line off the main so that I have my own shutoff at the street. This is no small task and I really do not want to do it if I don't have to. 

Thanks!

@Teri Feeney Styers Wow that's a bummer, and not very encouraging haha, but it is what it is! Thanks for your thoughts @Caleb Heimsoth . A little over half of the deal was financed with hard money. It's going to be tight, but hopefully it all works out. I'm waiting to hear back from my attorney.

Thanks Theresa,

I got a base quote for 3500, but I suspect it will be more. I have someone coming out to locate the lines more in depth so that I can determine what needs to be done. However, my main question is can I fight the city on this and if so what would be the best way to do it. Everyone I've talked to from the city has been pleasant and I've been trying to stay on their good side. My fear is that I might stir up a hornet's nest and have an even harder time getting my CO. This pic should give some context.

I am flipping a single family that I purchased about 2 months ago with hard money. When I went to cut out what looked like old water lines (capped and bent over) under the sink I was surprised to find that the cold line was live, (this house was winterized and the water had been shut off just before the meter.) The water dep. eventually came to help, but when they realized that my service line served my house and the house behind me, they decided to just crimp the line. 

The water dep. determined that it was an illegal line on my property that I was responsible to remove, but they seem to be okay with me just capping it and burying it in the concrete slab. 

The main problem is that now the water dep. is saying that I need to install a new service line from the street so that I have my own shut-off, which is required according to code. This would require around a 25' long trench 4-5' deep and everything required to install a new line, which I don't know too much about. 

What should I do? This is going to cost at least $2,500 from what I understand but could be around 5K. I guess my real question is can I fight this? The water dep. pulled my meter and sent me a letter saying that I can't obtain a CO until I come up to code with the water line.

Hi there,

I'm going to be purchasing a multi-family using a 203K loan and I'm looking for contractors in the Albany NY area that are familiar with them. Also, I will most likely be buying a "rowhouse" and I'm wondering if there are any contractors who specialize in that style.

Thanks for any feedback!

A family member of mine owns this property at 20 Forbes Ave, Rensselaer NY, 12144. The property is full of potential being about 8 acres right on the water. There is an old mill (green shading) that is structurally sound and really could be converted into almost anything. There is also a portion of land (blue shading) that I think would be ideal for a commercial apartment complex, but before this can happen I think the mill, which is an eye sore, needs to be taken care of, or does it?

This is one of the only and best waterfront properies in the area. My family wants to make the most of this opportunity, but we want to do it right. We know people with money, but we want to find someone who has done this before.

Any help would be much appreciated!

Thanks

Hi there, I think I've found a great deal on an 8-plex, but the broker says she can't get the actuals. How hard should I push to get these? It looks like a good deal based on the 50% rule, plus the rents are low. The owners are not local and appear to just want to get rid of it. It's been neglected and they just have one of the tenants managing it. Any help would be greatly appreciated, thanks!