All Forum Posts by: Rick Richard

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$12k a year for CA Fair Plan?  Has it gone up that much from 2022?  From google...
In a 2022 interview with KCRA, a FAIR Plan spokesperson stated that the average cost of a policy is about $3,200 per year

 I like using Innago.  Reasonable fees for renters...$35 for app, $2 for ACH rent deposit. Chat feature has answered every question so far.  Will post open properties to most major sites including realtor.com

I'm ready to sign an offer to purchase on a property that has water in the basement/foundation cracks.  The offer includes an inspection contingency. The contingency states Defects do not includes those the Buyer had actual knowledge or written notice of.  (I do have written notice of with Condition Report).  My question is if inspection turns up foundation damage will cost much more than what I expect and budgeted for...  E.g., will cost $20k, when I estimate $10k.. may I legally void the offer after the inspection? (assuming Seller will not cure).

 Thanks, we've asked and paid 3 CPAs, 1 was a "tax strategist", no strategies or real understanding from any.

Hi, my wife is expecting a K1 equity payout this year.  Can we use our current investment propeties or purchase another investment property purchase to at least slightly offset the tax hit?  

 Hmmm.. I own a home in The Villages, I can short term rent through Airbnb 100% of the time. 

I subscribed to rentredi 4 months ago, to market, then collect rent on a single family home.  Marketing went well, with it being pushed out to realtor.com, etc.   We got the tenant through rentredi/realtor.com.   However, not trying to set up autopay through rentredi has been a nightmare.  Clunky website, almost nonexistant online support is making me to find a new rent payment site.