All Forum Posts by: Scott Mac

Hi Billy,

A (local) Architect can probably help you.

Good Luck!

Hi Mike,

$28,000 at the probable accelerated (missed payment) interest rate of aprox. 30%.

That's a lot.

Hi Steven,

There are no college degrees that can teach you this.

Seems like you are doing very well right now.

You might want to think about, making a bulleted list of what you want to learn, ranked in order of importance.

Next to each one write down if you think it will be hard or easy for you to learn it (some stuff is boring /some exciting).

Then take each item one at a time and start by asking in here, the best way to learn it. 

Learn one thing, then move on to the next item.

Because there are some things you don't have to learn, you only need money to pay someone who already knows it such as an attorney, or a CPA or a 1031 exchange specialist, etc...

Good Luck!

HUSTLE Jack Hustle!

Get it done or pay the taxman his coins.

Hi Steven,

If I were in this situation, I'd just continue to collect the rents and if any problems pop up over time, deal with them at that time.

A $ dollar in the hand is worth two in the bush.

They call it management by exception.

Good Luck!

Hi Cruz,

The IRS already makes someone from the entity sign the 1065.

I don't see how this will add anymore exposure that.

I'd assume signing it would be like any other company document.

Prepare the required minutes and sign the IRS form as

Fname Lname, as company title, company name.

Hi Brie,

You might want to look into concrete jacking.

There are 2 methods.

To raise it either small spots under it are filled with goo like pillars, or the whole under part is filled with goo.

Good Luck!

Historic district,

I'm surprised they let you replace the (architectural element) rounded porch posts with 4" x 4" lumber.

Is the rest of the porch going to be lumber 2" x 4" rails and "2 x 1" balusters vs. period correct?

In many places these historic district homes are pretty heavily regulated (expensive to restore).

Good Luck?

Hi Nathan,

If line #4 has pressure even after the street valve is shut off, it could be an artesian well.

Perhaps there was an old house there before the new one was built and this is a leftover well.

If it shuts off when the street valve shuts off then it has to be tied to the common line.

Since the city knows both homes have the same line, why is yours the one that needs to pay full price to split the new connection?

On the face of it, it seems like both homes share the responsibility 50/50 because both have an illegal connection unless that's how its done in your area.

Good Luck with this!

Hi Lance,

If the contingency was passing a termite inspection, buyer sent an inspector and buyer failed to receive a pass from him.

Seems like the property did not pass inspection. Either it passed or it didn't.

Just my thoughts on this.

Good Luck!