All Forum Posts by: Satha Palani

do you have the pre-move  inspection checklist from when the tenant moved in? If so was the window condition noted?

Not sure what source you are looking up online but unless the condensation is a result of demonstrable misuse  / abuse by the the tenant, i don't see how the tenant can be liable. It's equally likely that the seal gave due to age or manufacturer defect.   

as for the A/C when was it last serviced? do you have service report? that gives you a timeline for when it was last in good working order. You need to get a service technician to have a look at it to determine what is wrong. Again if it is tenant misuse, you can have them pay for it (deduct form the deposit).

yes please ; I just closed yesterday . Perfect timing

I lived a block west of chamberlyn by brookland  park blvd. and never once heard the cars. I figure it should be the same for battery park. 

  @Johnathan Boyle thank you. Send you a PM

I am about to close on a 3 family in Newark NJ and am looking for contractor recommendations. I have had mixed responses on whether i could go the Architect > contractor route or if i should just get a contractor? If any one has thoughts on the subject, please weigh in..

General scope of work. Upgrades to all kitchens, bathrooms, refinish hardwood floors, potentially replace roof and potentially change layout of living/ kitchen into open concept.

thanks,

satha

@James Skelton Thank you for the input. I am talking to some contractors as well. I began considering architects mostly because i was hoping to get advice on floor plan redesign. 2 of the units have somewhat odd layouts. Not really the creative type myself, i was not sure keeping the existing layout would be a good idea

Hi all,

i am a week away from closing on a three family in the Ironbound section of Newark. The units have not been updated since the early 70's and need a fair bit of work. I plan to live in one unit and rent the other 2 out. 

I would like to modernize the apartments, open concept living and dining, kitchen and bathroom upgrades etc. Also, the inspector recommended that an existing beam above the driveway be re-enforced. 

Any suggestion on how best to go about getting the work done? Should i get an architect to draw everything up before looking for contractors? Are there contractors out there who would be able to do everything in-house?

Really appreciate any and all suggestions. also if you have folks you can recommend, i would be very grateful.

thanks,

satha

The prohibition against engaging in other forms of employment ( including being self employed in any capacity) stems from the fact that an H1B visa is issued at the urging of your employer. your employer essentially files a petition asking the government to allow them to employ you. USICS together with the department of labor (DOL) require your employer to provide evidence that you possess a certain set of skill and that the employer has tried but cannot find a suitable local candidate.

The H1B visa allows you to work (earned income) for your employer only. Engaging in any other activities that generate earned income is a violation of the terms of the visa. Will you get into trouble if you do it? Probably not? Is it worth jeopardizing your chances of a GC? i guess that depends on the size of the deal.

As far as flipping goes,  how is flipping any different from buying a stock and selling it for profit? in both cases the profits (if any) are treated as capital gains. 

Hi Brandian, 

The way i see it the largest piece of the value chain in flipping homes is in being able to accurately estimate how much it will cost to fix a house and how much it is worth after it has been fixed (not leave money on the table).

There are a lot of good RE agents out there that you can partner with, not sure how you see an RE licence being helpful if your intent is to be the person who is actually buying / fixing and selling these houses.  

I think understanding construction cost , repair techniques, material and labor costs etc is a much better skill to hone if you want to be a flipper. Not sure how you would gain experience without actually working a project. Maybe offer to be a scout / assistant to a contractor?

I fixed up a house that was in pretty decent shape when i bought it. Did about 25K in work all in using different tradesman / contractors and I learned so much just talking to the guys who came in to work. 

just my 2 cents

Not sure how accurate these rankings are but i thoughts folks on here would be interested to know

http://realestate.usnews.com/places/virginia/richm...