All Forum Posts by: Anthony Parisi

Gross Rental Yield: annual rental income divided by my property’s value/price (multiplied by 100 to get the percentage).  Where Property's value/price is comprised of the purchase price, all closing costs, and any renovation costs

Wondering when calculating my property's value/price do I include all closing costs or only those closing costs associated with closing the loan meaning do I also include prepays in my property price or only those costs that are one time expenses.  It seems half of my total closing costs were prepaid items, i.e. prepaid taxes, prepaid homeowners association for 1 year, prepaid interest.

Including all of these prepaid items decreases the gross yield if I include them.  Being a new long term buy and hold rental investor I am not sure what closing costs to include.  Appreciate the thoughts of seasoned investors.

Thanks

Gross rental yield for your rental property is its annual rental income divided by your property’s value/price (multiplied by 100 to get the percentage). The property’s price is comprised of the purchase price, all closing costs, and any renovation costsall closing costs in my 

Scott are DST's and Nevada Asset Protection Trusts similar or the same? if not, how are they different?

@Kyle Swarts I just purchased 3 homes for LT rentals and my bank, Wells FArgo would not let me close the loans in the name of my LLC. Seems pretty common practice as banks want to be able to hold someone accountable for the mortgage and they have trouble doing that with an LLC. My option is to close in my personal name and then transfer them into an LLC

Hi All - my partners and I are in need of a good CPA. Our LLC is in Nevada and our Mobile Home Park is located in Oklahoma. Does anyone have a CPA that specializes in Real Estate that is available and accepting new clients.

Thanks for your assistance?

Tony

Hello Eddy - can you share with me any additional information you have regarding the opportunity or let me know a good time for us to talk on the phone.  I am in northern CA.

Tony

I noticed when running the rental calculator that the Cash on Cash return increases in out years if the analysis calls for rent increases and property appreciation. I have also read about investor guidelines seeking COC returns of 10% or more. I am wondering at what time period the COC is measured and if the initial COC is below 10% but grows to 15% or 20% or more within 3-5 years is that an acceptable return for a buy and hold investor?

Thanks for your replies.

Like others I am not a CPA or lawyer but I would recommend looking into a Series LLC. It enables you to have a master structure and create a new series for each new property if thats how you decide to structure your holdings.

Hi Jason - please send me some information.  I have family in South Bend although I reside in the bay area.

Tony Parisi

925-895-4376

how do I determine which market to begin my real estate investing strategy - seeking small multi family units with positive cash flow of $100/unit of more

I have an opportunity to purchase a SFH in the Boise area which will be used as student rental. Only catch is the University has set the home and neighborhood within its imminent domain master plan for development in 10-15 years. The home rents great cash flow today but I am concerned about appreciation and being able to sell in 5-10 years. What should I know about purchasing the property under these circumstances?