All Forum Posts by: Rao V.

30 days has already passed

Hi Guys,

In one of my rental, the tenant gave me a notice of 30 days and before we could meet and walk through the house he left the house with some of his stuff/trash. 

He is not responding to any phone/email or text. There is no way I can reach out to him other than above. I don't have his new address or know any of his friends relatives to inform him that I will be throwing his stuff and put the house for rent again.

He had some security deposit so I can use that money for clean-up but my concern is if he comes back next month ask for his stuff and push me pay him instead because I got rid of his stuff.

What are my options. What can I do to legally protect me,

Thanks

How do you take care of worker comp? Are they your employee or you have them go through a temp agency?

@Jim Adrian Hi, I have recently purchased a property with basement and windows are about the same size here. These rooms were counted as bedroom on MLS and county record. I plan to flip this property without replacing these window. Will I have any problem. These are grand fathered bedroom for me. any ideas?

@Bill Richard Are you there all the time while he working? or he is on his own?

"2. You could 1031 into another very nice property and after using it for investment for a year or two convert it into your primary residence. That would shelter the 30K immediately and after several years turn a portion of it into tax free."

If I do this how long do I have to wait before before I convert it into primary residence? How long do I have to keep the tenants before I can turn it into primary residence?

Thanks

Hi,

I acquired a rental on cash for $100k few years ago and it has tenants.

The property is worth 200k. so my gain is 100k.

What is best option I have to defer any tax gain.

1- Buy another project for flip using 1031 and sell that flip for a profit.

2- Buy another house as primary resident, flix it and then flip it after 2 years.

Which one will put more money in my pocket?

Welcome aboard!

Hi Everyone,

Referring to this thread below regarding RCW 18.27 now we don't have to have a GC on title and we can hire a GC. My question is

Can I give a small portion of the project ( e.g have a GC do kitchen/bath) and DIY the rest of the project. Will I be able to comply by this law or does the law state that the entire rehab has to go to a GC?

https://www.biggerpockets.com/forums/67/topics/133...

Hi,

I could not find it in the "file places", Can you please provide the link.

Thanks

Javed