All Forum Posts by: Victor Zhou

@Ashish Acharya  We are finally moving this project along.  I am wondering if you or your firm does this kind of tax planning work, and what's are the charges (the property is in Seattle, WA)?  What's the best way to communicate with you?  

@Ashish Acharya Thank you!

Hello members,

We got a house almost 10 years ago with a big lot. The house is leaning towards one side of the land, so we are currently working with the city to have the lot sub-divide, and have a new build on the other side of the lot.

My question is that if we are to sell the new house on this divided lot, will it be tax based on the short term or long term capital gain? Is it wishful thinking that since we bought the land like 10 years ago that the new house would be treated as long term capital gain?

Look forward to hear your comments or anyone who has experienced this!

Thank you!!!

VZ

Hello BPers, 

I am wondering if any of you have a good contractor that you can refer working near Kent, WA?  

Thank you, 

VZ

Hello @Heather Hopkins and @Cary Westerbeck, not sure if you guys find any solution?  I am looking to do the same and have a similar lot as Heather's.  Would love to hear how things went.  

Hello BPers,

We ran into a roofing situation, and we would love to hear your inputs to our situation. We have a rental property in Kent, WA and a couple week back, the tenant reported observing moisture on the wall and mold on the carpet.  Our contractor took a look and assessed that the water is coming from a leaking roof.  The roof was installed in 2014 and under warranty, so we called the roofing company to take a look.  The roofing company took a look and said that the moisture is not coming from the roof and it might be coming from a power box connecting to the outside wall and moisture coming from underneath the house.  As we are not in town at the moment (my dad is sick in Canada), we wasn't able to further collect evidence to proof anything, and have to wait for our contractor to go back to the house to collect evidences.     

Today, we got an emergency service request from the tenant, and the house was out of power.  We got our contractor out to the site, and he confirmed the power outage was caused by the roof water leak to the fuse box. He took some photos and videos as proof of evidence, so we have reached out to the roofing company again, demanding for the repair, and currently waiting for a reply.

Our biggest fear now is that this roofing company denies responsibility of the fault again.  We want to know if this is the case, what can we do in this situation?  Anyone has experience similar situation, and what are the ways to solve them?  Do we hire an inspector to collect evidence, another roofing company to fix the roof, and a contractor to fix the other damages caused by the leak?  Then, we take this company to court?  

We would love to hear your advice.

Thank you, 

VZ

@David Durkie@Kieran Tether

Can you please PM me your email address so I can add u to the email chain?

Hello all!

One of our rental properties in Kent, WA has a leaking bathroom, and we had to get our contractors in to do the restoration work.  The work has already taken 1/2 month, and will likely take another 1/2 month to complete.  The property has two bathroom, so the tenant will be able to use the other bathroom for day-to-day activities (the leaking one is the smaller of the two).  

I am wondering in this kind of situation, do landlord normally give a rent reduction, and if so, how much do people generally give?

Thank you all!

VZ

@Darryl Louie If you can PM me your contact, I will get an email chain together with the gents.

Sent George and Nathan both a PM, so we can connect through an email chain for a time and location!  Will be excited to share some of our thoughts and strategy to build some more long time wealth and income!