All Forum Posts by: Alexander Sadeghi

@Account Closed hahaha ok i think that tells me everything I need to know

Hey, first time property owner here in Denver. While looking into the Denver Property Taxation and Assessment System, I noticed that the newest estimated Market Value of my condo is well below what I paid (20% lower).  Is this pretty standard? Are these estimated values reliable indicators of what a properties worth might be, or do they routinely come in low? 

@Mike Wadsley thanks for the welcome!  would love to chat sometime, i sent you a connection request

@Ramon Alire thanks for the welcome and advice! unfortunately it is a 1BR, and there are no other living spaces that can be turned into an additional BR.  But I love the area, and definitely see this as a place I can turn into a cash flowing rental in the future.

Hi everyone,
I am wondering if there are guidelines for writing off Rental Property investment related expenses on taxes which were incurred before acquiring a rental property. 

I am looking to buy my first rental property this year under my own name, not an LLC (yet). I understand that once I acquire the rental, and start producing income off of it, that there are various business related expenses I can write off. How about expenses incurred while educating myself and investigating properties (plane tickets, gas mileage, training, meet ups, etc). Would these be able to be written off as well? Thank you!

Hey everyone, Alex here! I'm 26 years old and work as an Engineer for Facebook.  I grew up in San Francisco until I moved to Denver exactly a year ago today.  I bought my first property, a 1BR condo in the Capitol Hill neighborhood about 6 months ago as a primary residence. However, it wasn't until I went through the process of purchasing this property that I got very interested Real Estate and started to think of Rental investing as something I wanted to pursue seriously on the side.  

I am currently in the process of setting my goals about what kind of investor I want to be, so I am spending a lot of time educating myself. But as of now I am thinking I would like to start by acquiring a SFR in the Denver area which I can manage myself. Eventually I would like to get into rehabbing/BRRR properties as well. I am definitely looking to make as many connections I can, especially in the Denver area to bounce ideas off of, or to get recommendations on building up my team.

I read Brandon Turners book on Rental Property investing which is what introduced me to BP.  I have a lot of questions and am very excited to learn all I can as I look to build my rental portfolio, looking forward to being part of the community!