All Forum Posts by: Vidit Maini

@Michael Dumler Thank you so much!

@Caleb Brown Thank you! Will do.

@brian dance Thank you so much for your valuable suggestions. 

Hello Friends,

I own a 1982-built ground-level condo (one unit above, one below). It was renovated in 2017 and rented in 2022 with no issues. Now, three years later, my tenant reported cracks in every room—paint cracking and full-line cracks in the bathroom, living room, and bedroom (walls, ceiling).

A drywall contractor looked at it and said it’s normal wear and tear, but I’m concerned since it’s in every room. Given that my unit is sandwiched between two others, could this be a structural issue affecting the whole building? When i press on the cracked areas, it does not appear soft or wet.

I plan to fix it, but I worry it may reappear in months. Also, why would a 1981-built property be settling in 2025? Not sure if the upstairs tenant (heavyset person with a dog) plays a role.

Seeking suggestions. Enclosed a few pics for your reference.

• Should I involve the HOA?
• Fix it and wait and watch?
• Get a structural engineer involved?

Thanks,

Vidit

@Bill Hampton Thanks Bill

@Bruce Woodruff hi, the business in not RE. I want to be able to keep business finances and liability separate. I am also looking for tax optimization as the business will require cash reserves and is a high risk business from a liability perspective.

@Chris Seveney Thanks, Chris. Agree with you and I dont intend to leave my W2 until the business takes off. Appreciate the perspective.

Thanks, @Alecia Loveless. Appreciate your inputs and will follow the same.

Dear BP family, I am finally on my way to start my small business. I have setup an LLC as a C corporation. I have the option of turning it into an S corporation. Year 1, I intend to keep my W2 job while i work to get my small business going. Looking for tips on tax savings on the small business. I think I will need a car and an office space in the first few months itself. Please give your best tips/suggestions as I embark on this journey.

Thanks,

Vidit

Dear BP community, Please share your realtor recommendations in GA. I am looking to add a couple properties to my portfolio this year. Thanks!