Jeff S.

Originally posted by Jeff S.

To take up from the house to the street is 25k.Do not listen to that do not get a permit get a permit when you do your work, if you get a stop work order one time will pay for your permits for about two years with the cost of the fine and work, they have problems because they do not use 3 party permit were you pay a fee to have them come out and look at the work you installed only and if it is right they approve it and go.If you use the local process which is free they come out and they do look for other things that are wrong that 's there job and you should not want to sale something that is wrong.If you ever go to court for any work nothings says your work was right more than a approved permit.In short ask the buyer to spit the camera cost 50/50 with you and if its ok you have a good deal if not walk away cost should be about 500 to 600 for the service.

I have to disagree with Uwe S. a bit on this.

Two properties are in their own LLCs and the 3rd property is an S-corporation.

My close-in sf 3 bed 1920's 1250sf that should be at $1300 that I am getting $1125.

How much of a "concession" in price should I give them for not having the master bedroom, shared baths, and not having garage space and having roommate(s)?

Have you been lurking and researching certain guiding %'s mentioned on these forums?

I think he'd ask what kind of investing you will be doing as the self employment tax ramifications are very different between an LLC and an S corp.

Jeff S., forgive my ignorance in these matters.