Harlan Vaughn
Can I sell a condo with a roof leak and broke HOA?
11 March 2020 | 1 reply
Loooong story short, my HOA: Can't afford to make the repairAre getting bids to fix the roofHaven't fixed it or done anything about it yet (it's now March 11th)Will probably ask for a special assessment in the near future and/or raise our duesThey have no real timeline for the repair and "thank me for my patience."
Stevenson Alexis
Single family home or condo
11 March 2020 | 2 replies
Plus you have special assessments, HOA dues etc.
Nick Bowes
Baltimore Cash Flow Rentals
13 March 2020 | 10 replies
@Nick Bowes I agree with @Ozzy Sirimsi I have properties with those numbers in my portfolio but they required quite a bit of work and specialized skill to acquire, rehab, and now manage.
Tom Nguyen
Contractor or Handyman that do Pre walkthrough Rental Inspection
28 April 2020 | 5 replies
Hello BP I am looking for a recommendation for any contractor or Handyman or Property management that specializes in pre walkthrough property to prepare for rental inspection in Brooklyn Center and made any repair necessary to get it to pass the rental inspection.
Amily Yi-Chieh Tseng
1st Multi family house and planning to live in there
14 March 2020 | 13 replies
Their loan officers don't typical specialize in this type of purchase and there are a lot more moving parts compared to a condo/SFH.What neighborhoods/suburbs are you looking in?
Kelly Wesley
Setting up LLC With Local Attorney or Legal Zoom
16 March 2020 | 18 replies
You need a lawyer if you are doing anything special, but setting up a simple single-member LLC can be done DIY if you choose.
Joshua Van Every
To waive inspection or not?
14 March 2020 | 43 replies
Or they're related to them, or have a special business arrangement to have them look over their properties.
Anthony Baillie
Racine,wi homes with lead
13 March 2020 | 4 replies
There are different ways to "abate" lead: replacement (completely replacing any surfaces with LBP); enclosure (lead paint is covered with a wall covering like wall paper); removal (sanding and chemically removing the LBP from surfaces) and encapsulation (covering the LBP surfaces with a special chemical).
Michael J Scanlon
Pass through deduction plus solo k
12 March 2020 | 6 replies
According to the IRS, "You must make a special computation to figure the maximum amount of elective deferrals and nonelective contributions you can make for yourself" when you are self-employed.More information can be found here: https://www.irs.gov/retirement-plans/one-participant-401k-plansIn essence, there is a circular computation that takes the 25% down to 20% when the income is from an entity that is not taxed as a corporation.
Michael WIlliams
1031 Exchange time frames
14 March 2020 | 4 replies
Thanks in advance for your feedback.We have a few contacts at Midland IRA who also specialize in 1031 exchange that can help.