All Forum Posts by: Doron Rice

I like your strategy and I'm almost certain that you wont need the architect to obtain a CO. If there are any drawings that the architect needs to submit for approval so yes but it looks that the only hurdle will be resolved and signed by a PE (Engineer). The architect is liable to any drawings he signed and sealed so the engineer will be only liable to the part he submitted. 

 Ben, I'm a licensed architect and investor from NJ as well and what I don't understand is how architects takes on themselves structural engineering responsibilities. I always use a structural engineer for these type of calculations and specifications. At the same time, what the architect did to you is totally unethical and unprofessional. to move forward I would contact a structural engineer that would specify all loose items that the inspector asked for. your goal is to wrap this project. when you have the CO you can get in touch with the NJ board of architects and open a claim against this architect. his license can be in danger. I would never ever leave a client in this position, unless something really bad happen along the way to him... Good luck!

@ Thanks for your input!

Thank you all for your great input! This tenant is going to receive tomorrow a notice to pay rent or vacate and shortly after that, assuming he wont pay the rent on time, I will start the eviction process. I agree that its more hustle keeping him.

I have a tenant for almost 2 years that never pays on time. every month I need to chase him for rent and its getting worse and worse. last month he paid on the 22nd and disregarded my request for late fees. my conflict is that he does pay the rent at the end and replacing tenants is costly. When asking him firmly to pay on time he actually raised his voice on me and told me how angry he is that I'm harassing him. I'm not sure if its time to let him go and look for a better tenant (like the rest of my tenants) or just live with it. any suggestions?

Hi,

Im making an offer on a property that I want to flip using hard money lending and im not sure what to put in the financing chapter of the conract. is it a sort of mortgage? is it cash? if its mortgage should i add a mortgage contingency?

Thanks,

Doron

Hi Carolyn, Just wondering if this property is still available.

Thx

Hello-

I'm inquiring to see if anyone has experience and/or know of insurance companies that cover properties with oil heating. Based on my experiences thus far, I am paying a premium amount for insurance coverage on all of my properties with oil heating. My gas heating properties insurance is almost half of the oil properties! Is this the case and is it because most companies don't even want to deal with oil heating? Thanks in advance for your insight.

Thank you @Darren Sager for organizing another great BP meetup and thank you @Brandon Hall for making a topic that can be dry and complicated exciting and clear.