All Forum Posts by: L. Brown

Great ideas, Dan thank you!

Hello BP,

I need some advice. I recently bought my first home, which is a house hack. There have been some fairly major plumbing issues. I didn't have a plumber that I knew of, so I went on to Task Rabbit. He came and did some work but continued to experience plumbing problems. My realtor (who is also an investor) recommended a plumber to me. He does very good work but he shows up at least 3 hours late to the jobs which I hate. My realtor said this is how contractors/specialists are. Is this true? Are they that unprofessional? Do I keep looking for a plumber? I'm extremely frustrated.

@Eamonn McElroy ok, thanks. How does one determine how much should be attributed to the rental unit? A percentage of the square footage of the house? Just split down the middle (50%)?

I just bought my first home- a house hack! I would like to purchase a home warranty insurance. I was wondering if the cost of the warranty for the whole duplex (not just the cost of the rented side) is tax deductible. Thanks!

@Tanvir Sattar the seller and my realtor kept saying that I was getting the house for a great deal, and how they didn’t want to give me much on the inspection report because they are selling it at such a good price so I was kind of expecting it to be higher.

I’m under contract for my first property, which will be a home hack. I got the appraisal back today and it appraised for the selling price, which is fine. When I look at the comps used by the appraiser, it seems like the house could have been appraised lower than the selling price. Have any of you been in this situation? What did you do?

Thanks I appreciate your suggestions!

@Steven Domenech house hacking is a great way to start out. Bloomfield is a great neighborhood with a lot of multi-families.

Hey BP, I need your advice. I am under contract for a duplex where there is a renter in one of the units and I would live in the other. The rent role is $1900. The inspection showed some issues, which the seller is willing to give a $5,000 credit. My GC says it will cost more like $7,000. I have some renovations I’d like to do on the house and really don’t want to put out the additional $2,000 out of pocket. So I was thinking about asking the seller the give me a $7,000 credit and I would give her the rent role ($1,900) in the first month after I own the home. This would essentially pay for the $2,000 more that I’m asking for.

What do you guys think? Am I missing anything? Can I sweeten the deal? Thanks!

Thanks, everyone!