All Forum Posts by: Josh C.

These 3k numbers are just not reasonable for someone far away. That’s a dude in a truck that has to put all of the material on your Lowe’s account cause he’s broke. 6-8k sounds in line for this situation. That should get a tile surround and mid range everything else.

@Matthew T.

What would be an example of a law on how rents or past month’s rents are handled? I am surprised a state would get into that. Curious.

Talk to your attorney. You can't be buying groceries out of your business accounts or other personal expenses. But it's very common to transfer funds between the business and the owner of the business ( you). How else would you ever be ever you use your profits or fund new properties? People starting out need money they earned from their job to buy a house. How's money get into a LLC that makes no money? You collect rent money each month and want to use some of it to go on vacation, how is the owner ever to going to access it? Owner capital transfers are common business practice. Keep your accounts at the same bank and it should be easy and instant.

As mentioned above security deposits need held in own accounts in most areas. Some states have weird interest laws too.

Wow, I work on a lot of foundations and feel I’ve dealt with a lot and no way a rain storm shifts one and then goes back after the ground drys. Just no way in the Midwest. But we have footers down 30” and number 4 rebar all over the place. Just clay and long horn bones mashed together down there I guess lol.

If a structural engineer will sign off that’s great, but it’s usually tough to find someone to stick out the license for $300-$400. Once again, up here that’s true.

Sorry you are dealing with that if you didn’t find out til after you are this far. That sounds like a tough pill to swallow.

If worse comes to worse helix steel driven down far into the ground works great for stabilizing and should come with a life time warranty of never shifting. Maybe 15-30k to do the whole house depending on tons of unknowns. Again that works in Indianapolis soil.

Good luck

@Sunitha Rao

I’d say it’s unlikely they are trying to steal your money. It wouldn’t be in their best interest, to ruin their reputation over peanuts. Probably just waiting for until final bills to come in. We usually have a 30 days closing period as we don’t want stuck with bills (water, etc). Just send them emails stating what you want and get a firm date to close accounting.

Good luck and sorry it’s stressing you out. But probably more of a misunderstanding than theft.

@Cody L.

Lol. If you bought at 7m building for cash at an 8 cap you’d earn $560,000 passive income. I’d say that’s life changing. Top 1% of Americans. I guess if you want to be a billionaire it’s not, but most people it would be.

@Luis Moreno

It not so much inspector but the city. It involves a replatt and review in front of city board. You’ll need an attorney and survey company. DM me and I can provide some name in Indianapolis to help. Greenwood is just south of Indy.

That’s pretty low. You could be a server or almost anything to match that income so it’s certainly not the money to keep you. Maybe work for a property manage company or GC. You could get paid to learn that way.

A normal caged animal would not be subject to that. That would be uncommon in the states I’ve lived in anyway. You are right you have a lease and it probably doesn’t state that lizards are excluded. But you also have a brain and common sense in there hopefully.

@Mike M.

It’s absolutely fraud. Fake leases. Forged signatures. The investors had no way of knowing unless they flew here knocked on the door and asked the tenant questions. I’m working on a house now that the owners paid for a rewire of knob and tube and the electrican just tied the new wire to the old and shoved it in wall just past the box. I’ve seen shingles installed upside down. Fake names. Fake rental reports. You’d have to be a suspicious person to figure out. This isn’t just inflated values that could be found using Zillow or something. They cheated these people on sale, rehab, and PM. All phases. Really sad.

Almost like if vanguard sent your quarterly statement saying it went 6 points. They had pretty graphs and data, but instead they cashed out your 401k and spent the money on shake weight exercise devices. Just like that actually.