All Forum Posts by: James Syed

@Justin Stanfield

One more question, since some panel clips are missing, how could they place clips without taking the roof off? It will be great if there is way. 

Thank you for your help.

@Justin Stanfield

Thank you for getting back. 

Actually, roof has a single layer of shingles.

@Robert Hursey

That is a good useful thread, Madison & Saint Clair Counties vs Saint Louis County. I know right of the bet, Saint Louis County taxes are lower than Madison and Saint Clari Counties. Crime rate is another one. 

Would be interesting to see what else we find out. 

Good luck.

@Justin Stanfield

Below is the exact wording from the report. 

"The roofing shingles are newer and in good condition. However, the roof framing has some serious problems and must be repaired. There is a large depression at the front left area of the roof. This is caused by 2 broken rafters in the attic. A heavy snow load could cause a collapse. Also on the back side some of the rafters are bowed and additional support maybe needed. The plywood / OSB does not have panel clips is all locations. clips are used to brace unsuppofied-panel edges when sheathing meets edge-to-edge without a rafter for support. Employ a carpenter and roofto work together to ensure the repairs are made."

Kindly let me know.

@Justin Stanfield

Welcome to BP. 

I just had a property inspection done on Tuesday on a 6 unit apartment building that I am interested in buying. 

There were many issues that showed up on the inspection report including a roof issue. So, roof is 5 years old. And there are 2 broken rafters and panel clips are not in all locations. 

My question is:

Would the roof need to be ripped off in order to replace rafters OR they could just be sister in. 

Appreciate your input.

Welcome to BP. 

@Jabari Marshall

Your are running in the right direction. Most lenders want 20-30% down. It's a great idea to pool money and get a bigger building. Your cash flow will be great. 

@David Kerner

Thank you for kind response. 

James

@David Kerner

I am sorry for not responding you in a timely manner. Have you found a lender? If not, I can send you some. 

Welcome to BP. 

@Mike Hughes

$1500 is very reasonable. I paid $2500 for my series LLC setup. And please DO NOT go for any online cheap websites for you LLC set up because the idea behind LLC is protection and you would need an attorney down on the road if something happens.

You will appreciate it if you research deep.

Hope it helps.

Welcome to BP. 

Great place to network.