All Forum Posts by: Richard Chae

That is bad, basement? You are going to have to demo all off it. That's a gut job

It depends on how bad. There is companies that deal with that but it's not a cheap thing. What's the cause? That needs to be fixed first. 

Provide some floor mats-for both outside the front door and inside. If people take their shoes off when they come in, it isn't a problem.

@Richard Chae

I agree that mitigating the water getting into the house is the best course of action. Having proper liability insurance and potentially a sign warns of slippery when wet. 

That's too bad, because tile is, overall, a good flooring choice...lasts forever and low maintenance. My first thought would be to deal with the water getting in the house. Maybe better mats at the entry? Seems like rainwater should not be getting in the house to the extent where you have to consider changing flooring, I mean there are millions of house with tile floors around.....

You could even add cheap area rugs (9x12s) and that would help.

But yes, I would guess that if someone slips and can prove it, they will be coming after you....

Hey Richard,

A DBA will only help you if you have a series LLC. Even in that scenario, in order to have separation between businesses you'll need to make sure you keep acurate books for what money is going in and out for the flip business and what money is going in and out for the buy and hold. In my opinion you're better off to just do another separate LLC that you'll use for the short term gains.