Question: I
have a neighbor whose downspout has a plastic extension that's directed at my
house. The houses are only about ten feet apart and the ground is a bit higher
on his side. I have asked him to reroute the extension to no avail. Do I have
any other options?
Answer: Yes.
Given that the homes are 10-feet apart I suspect you're in a newer community
with a homeowners association. If we assume that no one has the right to
devalue your property by flooding, you could ask your HOA for help or you might
ask the local building inspector for assistance.
If the slope was created by a builder, if it was man-made, then
one could imagine a suit against the builder, the HOA and the neighbor for the
damage done to your property. Hopefully, cooler heads will prevail before costs
for litigation reach flood stage.
Question: All
of my friends tell me its a bad idea to buy an investment house with a friend.
Is this true?
Answer: Yes
and no. Yes, you can reasonably buy investment property with a friend,
relative, co-worker or anyone you choose. No, it's not a good idea if done
incorrectly.
The problem is not in the joint buying, it's usually in the lack
of a written agreement between the investors. Without a proper agreement put
together by an experienced attorney in advance of any purchases, it's
inevitable that what started as a good relationship will run into problems when
one investor wants to sell and the other doesn't, finances change or the
property has losses. So, if you want to buy with someone, that's fine -- just
have a proper agreement in place before the first check is written.
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