Lyle Cooper
Condo Board reluctant to share Financial records
I own a condo in NYC and I am about to undertake a kitchen renovation project. Total renovation cost will $20,000. The condo board wants the higher of 3% or $6000 as an alteration fee. Another $6000 puts the job al...
Rob Wii
Basement Occupancy when Buying New Property
Hi,
I am looking at purchasing a detached one family property in Queens with a fully finished basement. It is advertised as one living level.
The property is classed as A9-1 Family Dwelling in zoning distric R4-1 a...
Chris Seveney
A Self Directed IRA is considered an Irrevocable Trust
I learn something new every day. I was completing some paperwork on a syndication and the options available were LLC, Individual, Corporation, Irrevocable trust and revocable trust.I asked the custodian what is the IR...
Adam M.
Tenant Maintenance Responsibilities
I know this varies by state, but I would love to hear how you guys manage your tenants maintenance responsibilities. Do you guys have a set list for each property or keep it really simple and have a general rule outli...
Josh Everson
Selling a home by assuming the mortgage
Hey everyone, does anyone have experience with "selling" their home where someone assumes your mortgage rather than selling for a profit? My investor friend has a lease option on my property to assume my mortgage and ...
Brandon P.
Tenant painted rooms
Painting is very expensive. I professionally painted this places interior right before the tenants moved in. They painted at least two rooms. They have lived there 2-3 years. Am I expected to pay for his if they liv...
Alexandra Crivello
California tenant made unauthorized improvements to rental unit
Hi all. I have a single family home rental in California. I made my tenant an offer to buyout because I want to move into my house. However, because of the pandemic and Alameda County's eviction protections put in pla...
Juan Del Arco
How should I handle repair done by tenant
I received a text message this morning from my tenant saying that over the weekend he replaced the kitchen faucet. On one side it is nice he is taking care, BUT I am worried about falling into a game of repairs and m...
Joe S.
Is a permit required to do a small roof repair in San Antonio?
I have a house that I’ve owned for a couple of years in San Antonio Texas. There is a tree that has limbs that has rubbed a few shingles on the roof. I do not need to do a roof replacement only do a couple of repairs ...
Account Closed
appraisal
If my house does not appraise at the listed price, but rather somewhat below, what are my options?
To clarify somewhat, a buyer's agent said I would then have to sell at or below the appraised amount.
doesn't the app...