All Forum Posts by: Seyi A.

Does BiggerPockets have a boilerplate Property Management Agreement Pro users can access? If not, can anyone recommend where I can find one for the State of IL? Thanks.

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Thank you @James Edward. Clearly, I need to get a professional to take a look at it.

Originally posted by @Account Closed:

@Seyi A. Looks like a drainage issue to me. I am repairing a basement right now for an owner in a row home in Philadelphia. It's a 4-5 day project. Involves digging a trench around the basement floor and addding drainage on a downward slope from accumulation to drainage. For us this job is about 8k. But I should say it's highly variable! Good luck!

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Thank you so much for the detailed answer Jack! Do you have a ballpark idea what it would cost to do this right, and how long it would take?

Originally posted by @Account Closed:

The black tank is a sewage ejector pump. The large pipe on the side of the tank is the inlet. One pipe on the top is a vent and the 2nd pipe is attached to the pump. It looks like the large pipe going through the wall on the left side of the sink is the sewer pipe. The sewer is higher than the concrete floor. So, any drains below the sewer pipe going through the wall must be drains into the sewage ejector.

The sewage water going into the sewage ejector is pumped out of the ejector up high and connected to the pipe going through the wall.

I looks like the sink drain is connected to the pipe going through the wall. If not, it connects to the large pipe going into the sewage ejector.

Not matter how I look at it, the pipe going downward into the concrete floor is not connected properly and sewage water would have to travel uphill and backwards to get into the sewage ejector. don't have a clue where the pipe goes. It looks like the fittings are installed backwards.

The work overall looks very sloppy and unprofessional.

Is there something that does not work.

Maybe, the basement floors with rain water and they tried to install a hokey system to drain the water to the sewer. I will guess that you will find out when there is a rain storm or after the snow melts.

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I came across this the other day, looks like the contractor/previous owner has just abandoned his/her renovation of this property. I'm not too familiar with construction, so can anyone help me figure out what they were trying to do with this pipe? What would it take to finish whatever it was they were trying to do? Thanks in advance!

https://www.dropbox.com/s/7xz9...

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Does anyone have any experience obtaining a residential loan for property on land you don't own but have a long term (>50 years) ground lease on? For example, if instead of buying a vacant lot from the seller, I instead negotiate a ground lease (similar to commercial property) that would allow me to build residential units and have full control and use of them (including renting them out) for the term of the ground lease, where would one go to get financing for that?

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Howdy All,

Has anyone used Legal In A Box for entity formation and/or putting together an Operating Agreement? I'm looking to set up a WY manager-managed LLC as HoldCo and IL member-managed LLC that is owned by an IL C-Corp (that will earn a fixed guaranteed fee) and the WY HoldCo, and I am trying to figure out if Legal In A Box has the requisite expertise to do it. If you don't recommend them or have any experience with them, who would you recommend? Thanks in advance!

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@May Emery

Thanks!

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Hi,

I'm looking for a good Direct Mail service that integrates well with Zoho CRM (perhaps via Zapier) so that I can automate as much as possible my Direct Mail campaigns. Any recommendations? Thanks in advance.

1 Vote

Hi BP,

I've been considering selling my personal residence to free up some liquidity and then leasing it back for some period of time (say, 6-12 months). Would I be correct in thinking that to an investor, this would look like a "turnkey" investment? Thanks!

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All Forum Posts by: Seyi A.

Seyi A. has started 26 posts and replied 59 times.

Post: Property Management Agreement

Post: Property Management Agreement

Post: What's Going on In this Basement?

Post: What's Going on In this Basement?

Post: What's Going on In this Basement?

Post: Residential Loan for a Ground Lease

Post: Legal In A Box Opinions

Post: Best Direct Mail service

Post: Best Direct Mail service

Post: Sale/Leaseback personal residence