All Forum Posts by: Greta Andrews
Greta Andrews has started 16 posts and replied 29 times.
Post: Is this a fair amount for wooden window covering?

- Rental Property Investor
- Saint Petersburg, FL
- Posts 29
- Votes 18
In St. Petersburg, FL for reference. I recently had some windows replaced that sent me over the 25% rule and required window coverings that were not initially in the contract. Is $2250 for 23 window coverings (wood and screws in to stucco) a fair amount? Most windows are 36x 36 or around that size.
Post: Navigating legal issues for motivated seller

- Rental Property Investor
- Saint Petersburg, FL
- Posts 29
- Votes 18
Well that is interesting. I doubt any of them could buy the other out. I want to buy it. I'm not an owner.
Post: Probate attorney St. Petersburg

- Rental Property Investor
- Saint Petersburg, FL
- Posts 29
- Votes 18
I have a potential sellers who's in a tricky situation. I would like buy the home and have this be a win-win for him. I need an excellent attorney because it's hairy. Any suggestions?
Post: Navigating legal issues for motivated seller

- Rental Property Investor
- Saint Petersburg, FL
- Posts 29
- Votes 18
Location: Pinellas Park, Florida. So I found a motivated seller. So I know a guy whose mother passed away a few years ago. He's 2 years behind on the taxes. He has inherited roughly 80 percent of the property from his mother, but never officially had his name added on for home ownership. His roommate and co-owner is trying to evict him. She is listed as an owner. She's also sued him a couple times for frivolous things and won. And is currently threatening eviction from his childhood home. He wants out because he is TIRED. He reached out to me, because I'm a real estate agent. But the investor in me feels like I can get a deal and create a win-win for everyone involved. But where to begin? The taxes won't cause an auction for another year. The pain point is living together and being behind on taxes. The unknowns, I have no clue if the other party would sell or if he can make her. I have no idea how distressed the property is. I'm feeling like I need an attorney to help me navigate. I have no idea what purchasing in a situation like this would look like, but I'm excited to learn.
Post: Load bearing wall or not

- Rental Property Investor
- Saint Petersburg, FL
- Posts 29
- Votes 18
The roof has a slight pitch, it's considered a flat roof.
Post: Load bearing wall or not

- Rental Property Investor
- Saint Petersburg, FL
- Posts 29
- Votes 18
Quote from @Ken M.:
Quote from @Greta Andrews:
How do I know if a wall is load-bearing or not
The general idea is that a load bearing wall runs perpendicular to the trusses it supports, but, it's a whole lot better to have a contractor look at your situation before you do any demo work.
In the photo, the load bearing wall runs from left to right.

Thank you. Unfortunately, I really have no visible way of checking this. The buildng has no attic. We've had ceiling fans installed. I wish I knew to look when it was open.
Post: Load bearing wall or not

- Rental Property Investor
- Saint Petersburg, FL
- Posts 29
- Votes 18
Quote from @Bruce Woodruff:
If it's slab-on-grade, look in the attic and follow the structural path. If a raised foundation, go underneath and do the same. Make 100% sure before you do that first cut.
Note: If it has a truss roof instead of a framed roof, then generally none of the walls will be bearing.....
Unfortunately I have neither an attic or raised foundation. Thanks for the suggestion though.
Post: Load bearing wall or not

- Rental Property Investor
- Saint Petersburg, FL
- Posts 29
- Votes 18
How do I know if a wall is load-bearing or not
Post: Cash Value Life Insurance VS Self Directed IRA

- Rental Property Investor
- Saint Petersburg, FL
- Posts 29
- Votes 18
Quote from @Chris Seveney:
@Greta Andrews
SDIRA over a insurance policy for investing purposes
If you are an agent could you do an s Corp then pay yourself like $20k then you could do a solo 401k, put the $20k (max allowed if not contributing with current employer) then the company profits can contribute like 25% so another $5k and easily put $25k a year which it’s is only around 6k or whatever the new limit
This sounds like a great idea.
Post: Home Equity agreement???

- Rental Property Investor
- Saint Petersburg, FL
- Posts 29
- Votes 18
Quote from @Chris Seveney:
@Greta Andrews
Are you referring to agreements where you get a loan but give up equity ?
There is a reason they are rare - they are extremely one sided and it’s not to your advantage
Thank you for your reply. That's the conclusion I came to.