All Forum Posts by: Sean H.

Ill have to start paying attention to the minutes, thanks.

Yeah, i already considered that venue. The side that is contricting is the 51'. If i go off the two neighboring setbacks, im at about 25' and if i use the conventional street yard setback of 20', it is better, but still put me at about a 25' footprint. My 60' side, im limited to a 25' setback for the backyard, so im left with about 25' on that side too. 

Ive spoken to the planning department, but they don't really give you the probability of winning or whether my claim is substantial hardship. 

Its a residental lot, and to my knowledge has never been built on. Its a non conforming sized lot, but i want to apply for a non conforming house. Im not trying to use any grandfathered laws. 

im restricted to a 25x25 footprint, and hope to go up to at least a 35x25 footprint. I would assume not being able to build a reasonably sized house would be sufficient hardship?

i don't think the new proposed laws help me or hurt me. 

I'm looking to buy a lot, its a non conforming corner lot. Just under 3000k sqft, and its about 51x60 in dimension. In the city im buying (durham, nc), street setbacks for corner lots are based on the adjacent two houses for each side.

Unfortunately, on one side, the adjacent two houses are set pretty far back. This limits me to a 25x25 structure. I want to apply for a variance to get a little less street setback, but im not sure if I should involve a lawyer. This seems like a pretty straightforward hardship, and the average lawyer costs 5k. What are your thoughts on me doing this alone?

Thanks for all the help. 

I understand now that is best to not do any work on a property if i have IRA money invested in it. I only do rehabs or new construction, mostly new construction, so i understand this makes a bigger legal headache. Also, im now educated if i mess with an IRA, i can not do profits just pre determined interest rates. Two things to clarify:

If i bought property A, and invested 50k of IRA money with a pre determined interest rate before (say 5%) and created some kind of pre-contractural document, but the rest of the money invested was from my own cash supply can i mix in this way. Can you mix money like that?

If I bought property B, and my GF decided to invest 50k of IRA money with a precontractural interest rate, with this prevent her from investing anymore money of her normal cash in property B? Or can just invest IRA money into that property to not muddy the waters. Also, i would want to make sure my gf qualifies as a lender. We have the same address, but we're not legally bound.

In each of these examples the property would be in my name. 

I have heard tidbits about this, but i want to try to get a full understanding. 

With a self directed IRA, i have heard that it is easiest (contractually) to invest money as just a hard lender. If you begin doing any work on the property, it starts creating a bureaucracy nightmare. True?

Second, if the former were true. Does the profit have to be pre-determined? If someone lent me 50k dollars from their self directed IRA, and played the silent investment role and i went about building a new construction. Could you just pay them whatever profit i wanted in the end, and they can deposit it in their IRA, or does it have to be a set percentage already predetermined?

Lastly, can someone use their SEP Ira, or does it have to be Roth...or can it be both?

If it has mold, they is either leaking on the exterior, or they have had the hvac off too long and kept the space unventilated. 

I flip/build houses in the triangle. I have still plenty found of good deals that will give me a good profit. I mostly just look on mls. 

simplisafe, no internet and no contract

Yes, it is recommend. It helps hold the cement board in place long term, and helps level out the cement board. Unless it was agreed upon before the job to skip that step, i wouldn't appreciate someone skipping the step. Also, use 1/4" on floors, 1/2" board on walls.