All Forum Posts by: AJ S.

I would say I'm not satisfied with NREIG . They now have ""Retail Agent Program" which means that outsource coverage through local agency, that local agency does nothing, can't even email a quote. It seems all they are good for is charging you, and website, if you need help GOOD LUCK LOL!

Yes great ideas!,

@Jim Chuong those are same strategies in US, keep the property, just leverage the equity, refinance, in this market it's best not to sell, rates in US are very low!

I don't think such thing exists as in US, check with your CPA, Accountant for ways to minimize taxes in Canada, as laws are completely different. 

REITS https://www.investor.gov/intro... are way to go now, it's not to say it's same as real estate or returns can vary. It's good to have real estate as overall strategy to lower your overall tax liability, depreciation, write off, but you are more involved even with property mgmt. As with any investment is good to diversify especially if you work a job and they match 401K plan some REITS return over 10% without fixing toliets or going to eviction court 

Check with local bank or any that you have existing account, relationship or first lien if own a house and shop around.

Hi @Teresa Barfield I would not recommended to work with partner unless you have good property management company which is your partner. Feel free contact me directly. Best Wishes.

There are opportunities in Midwest such as OH and MI. I have some properties, 10-20K is more on low end these days, but possible. Or you could put money down 20-30% and get something better and more stable.

AJ

Hi Alex,

  Is this local real estate, or any? What is turn out usually at these events?

Hi Wade,

  Your investment story is very common across America with many investors. You don't have be "fire fighter" mode in order to be in real estate as you probably know and be stressed out. You may consider 1031 to apartment building or upper class A, B properties where there is less turn over and higher quality tenants. It's very costly anytime tenant leaves, cost of labor, materials, headache it's pain. It maybe in your best interest to slowly liquidate properties over period of time and pay less taxes if you claim real estate professional exemption on your taxes and/or lower tax bracket, check with accountant or hire a CPA review your tax situation last few years and give suggestions. Re-finance maybe an option of pay off your primary houses and or professional property management.  Hope you the best!

If your own your house in LA, get HELOC, it's cheapest way to borrow on simple interest. For Mortgage, loan unless short term 15 yr or less it's not worth the headache for properties under 100K.