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All Forum Posts by: Angel Clark

Angel Clark has started 2 posts and replied 7 times.

Post: Who says you can't cashflow in the Bay Area? Analyze this Deal!

Angel ClarkPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 7
  • Votes 11

Oakland has rent control so it would difficult if not impossible to be able to get up to a market rental rate with existing tenants, and it is very difficult to evict a tenant under rent control, and these tenants sound like trouble already. I would think hard before purchasing in a rent controlled city. 

Post: What will be the impact of the Coronavirus crisis on real estate?

Angel ClarkPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 7
  • Votes 11

Sorry, the post was meant to respond to @Scott Mac, not Jay.  Newbie on the forums here.

The post citing East Asians are more likely to have the virus. That concept is based on flimsy evidence as far as I can tell. 

Post: What will be the impact of the Coronavirus crisis on real estate?

Angel ClarkPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 7
  • Votes 11

@Jay Hinrichs

Did you read the study? There was one Asian male in just 8 people in the study and this one Asian male was a smoker. This study is not comprehensive and you may need to be aware of the subtle racism in promoting sweeping generalizations about entire races based on limited studies like this.

Post: Joint tenancy or tenancy in common?

Angel ClarkPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 7
  • Votes 11

I know this is a delayed response, but thank you to everyone who replied. Very helpful. I will plan on working with an attorney to set up a trust and get more information regarding TIC or joint tenancy appropriate to our situation.

Post: Joint tenancy or tenancy in common?

Angel ClarkPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 7
  • Votes 11

Thanks Chris but that link is broken — it goes to an error page

Post: Joint tenancy or tenancy in common?

Angel ClarkPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 7
  • Votes 11

About to close on residential home we plan on living in. Bought with my family’s assistance for down payment. My significant other (SO) and I are not legally married and we file taxes separately and overall have our finances separate, though we both contribute to our home and living expenses. This is partly because I don’t trust him to make good financial decisions. I want to make sure our son (10 years old) gets my part of the home if something happens to me, because I guess I don’t trust my SO will leave it to him.

So should we do a joint tenancy which gives right of survivorship to my SO or a tenancy in common? What are the downfall of a TIC?

And what if my son is still a child if he inherits and my SO wants to sell the home?

Thank you for any answers. 

Post: Joint tenancy or tenancy in common?

Angel ClarkPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 7
  • Votes 11
About to close on residential home we plan on living in. Bought with my family’s assistance for down payment. My significant other (SO) and I are not legally married and we file taxes separately and overall have our finances separate, though we both contribute to our home and living expenses. This is partly because I don’t trust him to make good financial decisions. I want to make sure our son (10 years old) gets my part of the home if something happens to me, because I guess I don’t trust my SO will leave it to him. So should we do a joint tenancy which gives right of survivorship to my SO or a tenancy in common? What are the downfall of a TIC? And what if my son is still a child if he inherits and my SO wants to sell the home? Thank you for any answers.