All Forum Posts by: Harrison Engle
Harrison Engle has started 1 posts and replied 4 times.
Post: HOA's weird interpretation of what a garage is
- San Francisco, CA
- Posts 4
- Votes 0
Replacement usually falls under the HOA for exclusive use common area.
Ctrl+F garage door or maintenance responsibilities, if you have it in PDF form.
Even exclusive use common elements have levels of maintenance that can be split between owner and HOA, such as repair, upkeep, and replacement. Replacement usually falls under the HOA for exclusive use common area.
If you can't find this spelled out, like Caroline said, your H06 would definitely do the footwork to confirm so they don't have to pay the claim.
Post: How to separate utilities between tenants??? Need help please
- San Francisco, CA
- Posts 4
- Votes 0
@Grant Delmonte You can thank cheap developers...the stuff I have seen in my short amount of years in management amazes me.
Post: How to separate utilities between tenants??? Need help please
- San Francisco, CA
- Posts 4
- Votes 0
Utility companies have averages per household usually on bills, might have to call. Just incorporate it into the rent until the leases expire and you have historical use data. You may come out ahead or lose a bit of money. It's the cost of doing business. You should have probably looked into the metering situation before purchasing...TBH
Post: Are there Rules against this? hi
- San Francisco, CA
- Posts 4
- Votes 0
Hey, everyone. I'm really interested in Real Estate Investing/Finance and I like creative investing but I don't have any practical experience. I'm only 25 and property is really expensive here in the Bay area. I might have the opportunity to go partners with someone to buy a property with seller financing where the owner carries the note in full.
From what I've read the interest rates are generally higher when doing this(aprox 7%?). This got me thinking but correct me if I'm wrong, if interest paid for investment properties is tax deductible then what stops the parties for agreeing to a lower sale price and higher interest rate wherein the seller might gain more cash from the sale over-all and the buyer reaps more of a tax deduction?
I haven't done the math on this theory, but If this in fact possible to make higher deductions, are there rules against this or reasons why one party of the other wouldn't want to do this?
p.s. didn't finish the title before posting and can't edit but do take it as a "Hi" I guess haha.