All Forum Posts by: VinothKumar Ganapathy

@Tim Milliano

My community is fairly new so I would be the first to install that is why this struggle. My HOA said they would not meet anyone other than me.

It seems like they are doing this deliberately so that if they delay as much as possible they think I’ll back out of this plan but I didn’t so I asked them to change the rule to state it clearly so they are now not reply to my mail. I am going to say I’ll give them 90 days to reply if not I am going a head with my installation.

Let’s see how it goes.

Thanks

Vinoth

@Tim Milliano

I read this law but easement is different than solar access law. Easement is just access to sunlight and has no points stating the HOA restriction on solar installation location. This is what worries me to enforce the law in my mail because when we start to talk law then it will be different ball game.

Hi All, This is off topic to bigger pockets but wanted to know the options I have an issue with HOA for my personal residence. I saw my HOA rules and it is clearly states that if there is an efficiency loss then architectural committee should consider and should approve the plan.

My house is facing south so I have to put the solar panel in my front or worst come basis I should put it west facing but when I approached HOA they abruptly rejected it by saying it should not have street facing or street side facing for aesthetic purpose. Putting the solar on north facing will have an efficiency loss of 40% and my back yard is no use because my entire house shadow falls on my backyard.

I asked them to change the rules to make things straight but they are not responding for that but sending the written mail that no exception will be made.

What are my options here. I live in Georgia and I have no solar access law if that is available I wouldn't have even approached HOA. Personally do not want to confront these guys in court as I believe these entities are too big.

Thanks.

I believe they extended till they hand over the government to Joe B and once we see good result in Georgia over democrats' favor then because of many socialist they will extend even further. The politician already tasted this extension without consequence and only thing will realize them is another meltdown in real estate market else free money to tenant sponsored by government against landlord expenses.

@Harsh R

I didnt achieve that rent yet as I am about to close on December but I know that in the same community renal has already been closed for that rate for the same sq ft spec'd home.

Same here I just closed a new home built in hwy 92 in acworth for 250k and expected $1700/mnt which is what I see one of the home rented in the same community.

Hi Kevin, This is Vino from Acworth as well and just dipped my toe on real estate and bought a new single family investment home. I know most wont buy new one but I just went a head to test it instead keeping my money in bank saving which is useless anything extra after you have some safety net.

I got curious when you said about Cartersville and wanted to know how is the market there. Long term I would want to be a safe and steady real estate investor and see how markets are doing in these key areas.

Let me know if you want to discuss further in PM.

@Brenden Mitchum

Ok I got your math now. If that is applied I agree that per your calculation it comes to approx 100 per month which is not a lot.

Again as I said I am just testing water here. Once I learn in the coming year I would flip it as you said Appreciation of asset Was also my other focus where in the place I bought I already see the same sq ft size is now getting sold for 300k. so by the time I am ready to flip is would have appreciated a little further.

My long term goal is to actual enter into multi family home. I’ll apply this calculation to that.

Thanks

Thanks for your insight on multi family home. I am not looking into entering into commercial for now so Ill stick with my search upto 4 units. The reason I want to go with multi family home is to establish more stable financial position within the 8 property I can get on conventional loan as there is a limit to get only upto 8 property and if I buy multi family those are considered as single property but we can have multiple income source (hope I am right on my thinking). Since I currently dont find any good used multi family home. I am looking for buying the right land and build it but I have to find good builder and cost analysis.

Thanks for your insight on my present single family home loan analysis as well.

Yes the amount I gave 1200 includes P&I, Property Tax and Insurance. If everything works out I get about 500 to 600 in my pocket on that as you said if I take 50% cut due to vacancy, repair / maintenance I will still have around 200 - 300 in my pocket.

Again this amount is not much but just wanted to test the water. Once I get a good deal in the future I may flip this for a profit due to appreciation in the home value and get into the next level on real estate.

And Thanks a lot for providing the input. Very helpful insight.