All Forum Posts by: Anthony Lynch

@Avery Rustad I agree with you on the appreciation and tax deductions. The only problem with California or more specifically San francisco is property tax is pretty high because of the high prices of houses. Talking on average its about 10k - 15k a year so taking in that expense is pretty high along with contributing myself for mortgage. Then there is the problem of rent control where the you can only increase by 1% a year which does not inflate nicely with the market. Positive cash flow on property in sf doesn't seem possible until years down the line compared to other citys where positive cash flow would happen straight away 

I was wondering if there is anyone out there that has successfully house hacked in San Francisco/bay area and live there rent free. I have been doing the numbers and Struggling to see it working without me actually having to contribute to the mortgage payments along with the tenants payments. I have invested out of state but I would love to invest where I live. I don't mind contributing to mortgage rather than me paying rent for another place but that would seem to defeat the purpose of house hacking. Would love to hear peoples thoughts. 

Hi guys. Im just after buying 3bd sfh in jacksonville and looking for a property manager to look after it. I also have to do rehab on it to get it up to scratch in which im pricing with contractors at the moment. Referrals for that too would be great also. If anyone has a good contact that would be interested, I would greatly appreciate that.

@Mike Reynolds Thanks very much. I may reach out to you for that contact when the time comes. Id appreciate it.

Hi everyone. Im looking to buy property in jacksonville to rehab and hold to rent. What experiences have you had with rehabbing in regards of finding good deals and contractors along with city permit issues or zoning issues if any. Also is there any particular areas that you would recommend in looking at as solid investment with good long term tenants. Any feedback would be greatly appreciated. Thanks

I'm in the process of buying my first property which is a 4 unit multi family and negotiating the sales agreement on a property in North West indiana. I am trying to find an attorney in Indiana to go over it and check so I'm not getting screwed, but what are the major things to look out for in people's opinion. I'm trying to learn the process and interested on the best deals you should be getting. Any feedback would be great. Thanks all in advance.

Originally posted by @Erik Schneider:

@Anthony Lynch are you planning on flying out there to get a better feel for the market before you start making offers? I’m in the same boat. Priced out of CA investing and looking to go out of state

 I have been to KC and really like the city but its virtually impossible to get around the whole city and see all areas. I would be relying on a lot of networking and research on areas from people to make a decision. When the time comes, I would obviously get a home inspector that will check the house as they will know more than me automatically even if i was there or not.

@Account Closed Thanks for your input. Do you not think a city like KC will still continue to grow since there is still ongoing investment happening. It even seems a lot of big companies are relocating to KC which can only mean the rental market will continue to grow. Even the mayor there is doing a lot of promotion to get tech companies to relocate to there it seems. Ive seen some good properties in class c+ areas that would be solid investment around the 60 70k mark. KC doesnt seem to be at its full potential yet. But maybe i am wrong

@Matt K. I would be interested to hear how you get on in your situation. Can you updated if you get it rented out quickly or not. I've been hearing that houses go pretty quickly for rent

@Casey Jones interesting. Good to know. I do see some house posted for quite a while on zillow and realtor also.