All Forum Posts by: Bruce P.

@Alex Borczyk - just as an fyi - for passive multi-family investing, I've found in general the minimums tend to be around $50K (at least for the handful of reputable syndicators I've looked at investing with).

Thank you Chris!

@Chris Paez

@Chris Paez - do you recall what the name of the podcast was? My friend might be vetting renters/roommates/etc later in the year.

oh thank you @Hai G., I don't think my friend had even considered that. No one has mentioned it so far, but it is definitely something to double check.

Thank you Aaron and CJ, the house is probably going to be held for a long time (think decades)...You bring up a good point about using money for a downpayment...alas, even thousands of dollars won't get you that far in California lol

@Dylan Vargas - It was thousands of dollars above Aaron's price (for a replacement) and the plumber didn't even give me the option for root clearing. @AaronK had a good idea about shopping the camera footage around.

Thanks for the recommendation @Paul Dashevsky - I'll try and get a quote (it looks like there's only one by that name in the area via Google)

Thank you for the great suggestion @Layne T., I plan to do just that to double check - I was just reading a book about contracting and the author mentioned how there are definitely varying levels of quality and honesty among contractors (like any profession I suppose).

thank you @Account Closed, I'll ask City Hall about that then - I thought I was responsible for the sewer line all the way up until it connects to the main line in the street.

Thanks @Nick Rutkowski - it's the mainline from the house to the street connection and I'd have to dig anywhere from 3 to 6 feet. My friend and I are both extremely busy with our jobs and so this would be something we'd have to hire out.

Thanks @CJ M. - I wonder if there's a more permanent solution? I don't want to keep shelling out $ every year if possible. That's why I was trying to find out the name of the sealant in the pipe.

Thank you for the great suggestion @Aaron K. - I just edited the post to add some additional context for future posters regarding the immediacy of the problem:

It does seem like sooner is better rather than later, but with all the Covid-19 stuff (court closures for enforcing contracts, etc), my friend has been trying to wait a bit for things to stabilize. My friend is the sole tenant there at the moment due to Covid-19 and they did get a recording of the footage, so they'll be able to follow up on your good idea to shop things around.

So my friend recently bought a house but unfortunately didn't do a sewer inspection on the main line before purchase. Having had one done recently with a camera inspection on the main line, the inspecting plumber noted that the pipe had tree roots on several parts of the mainline. The plumber recommended a sewer trenchless replacement. They also mentioned they would seal the replacement pipe with some kind of "sealant" so that tree roots couldn't get in their again.

My friend was also planning to build an accessory dwelling unit (ADU) in their backyard.

A few questions:

1) Should my friend have the sewer pipe replacement done with the ADU construction (thinking it might result in a lower overall total cost for all the work done) or should they hire out the sewer replacement job separately? And how soon should it be done?

2) What's a reasonable estimate for this type of work? (they live in Southern California, Ventura County - Simi Valley/Moorpark area;  you can think Los Angeles if you're not familiar with Ventura).

3) Is there any other part of the sewage system of the house that can or should be inspected

4) What is the name of the "sealant" for the new pipe that the plumber was referring to so I can compare brands/solutions?

For additional context:

There doesn't seem to be an immediate problem with sewer blockage. The only thing my friend noted is that when there was a heavy rain, and they did laundry, water backed up into the master bedroom shower and the hallway bathroom bathtub. So clearly there's a problem, but on other days there's been no issue so far.

Hi all,

My friend is looking to get into passive investing for multifamily deals. While researching this topic for them, I read this insightful article where the author Ms. Perlman said before signing a PPM:

While reviewing a PPM, my friend noticed this clause:

From the PPM, my friend noticed that the Management and the Sponsorship team appear to be the same people.

2 questions:

1) Does that clause in my friend's PPM mean that in fact, the sponsorship team is putting the clause that is NOT recommended by Perlman's article?

2) What kind of clause would you put instead of the one shown in my friend's PPM? I can understand why a sponsorship would not want to be held liable for anything, but what is fair to hold them liable for?

Thank you @Will Barnard, this "hiring of a contractor" thing is a challenge :)