All Forum Posts by: Amy Efland

@George Blower - just stumbled on this thread, can you clarify why is the LLC is required to be a wholly owned sub in this situation? Can the C-Corp sell the passive revenue generating units to an LLC that we own but is a separate entity and they hold them? are there any conditions to this sale? thanks for your time and expertise.

Thanks so much for the reply.  I feel much better and will go by and figure it out on Monday.

I think I made a rookie mistake and need some advice.  I left the building permit (what the inspector signs off on) at the house we are rehabbing and now its gone.  I've looked everywhere for it and can't find it.  I've asked all of my contractors and no one has seen it.  What do I do, I'm assuming I need to go talk to the city building department on Monday.  Anyone have experience with this and what do they typically do?  I am hoping the city keeps track of the progress and what they have signed off on.

Thanks all for the advice! I ended up having the drywall contractor come over and do a sample texture on the wall without a skim coat to see what it looked like. It looked fine so I didn't end up doing it.

Its not a big house its only 1000 square feet. We live in Northern CA so the labor is expensive here. We are replacing some of the drywall so I was concerned about matching the new drywall with the old dry wall when we do the texture. If you re-texturize over old texture without a skim coat does the end result look good? Can you cover up an old texture and imperfections with just re-texturizing?

I'm in process of doing our first flip. Its a 1952 ranch and we need to re-texturize the walls. I don't think the walls have ever been re-texturized and we are replacing some of the drywall. The drywall contractor said that he would recommend getting a skim coat prior to re-texturizing but its an additional $2000. He said if I don't I won't get as good of a result. Any advice, is a skim coat worth it?

We like living in Palo Alto but its too expenisve to buy rentals here. I'm starting to look at some other areas to invest in. It seems hard to find something in the Bay Area that you can cover the mortgage with the rents much less cash flow. Any ideas of good places to look, let me know!

My name is Amy and I live in Palo Alto, CA. I have wanted to invest in RE for as long as I can remember. My current job is working in finance. My RE goals are to buy and hold properties, I'd like to buy 10 rentals over the next 10 years. Looking forward to being a part of the community and learning as much as possible.