All Forum Posts by: Bjorn Ahlblad

I have not bought any new properties in years, and don't have a need to, I have almost stopped looking-that was the hardest part...........My wife and I are retired, we live within our means and we have all the money we will ever need and then some. We pay hardly any income tax via the REI program.

We intend to gift properties and money to our heirs and they can be investors and landlords or whatever they chose to do.

Not sure I really want a financial planner telling me what I am doing is screwed up, but I will listen to other RE investors and any good ideas they may wish to share. All the best!

Up top on the left you will see a tab 'Build Your Team'. There you will find 'lenders'. Start there it will offer many more options and choices than the 'loan officer' at your bank branch. All the best!

Like with any RE investment a thousand things could go wrong. All that aside I'd do it, especially the part about including your kid and exposing them to the experience and related tasks. Keep us posted. All the best!

As you may well know you need the down payment, net worth equal to loan amount and cash for monthly expenses for generally 9-12 months. 

Don't discount the importance of money to bring the deal home. You can split the ownership by percentage in the LLC? Or negotiate a split that describes responsibilities.

All the best!

In a state like Oregon you need local help. I suggest you find and join a local REI association and get their expertise. Networking is great and the support will help in these situations. All the best!

Tenants who inform the LL that they walk around naked have been the death of many landlords I hear. 

No, cash flow can be a bonus and a penalty at the same time. If all you want is to calculate cash flow you might be better off investing in an annuity. All the best!

Just because a lender says ‘no’ does not mean you wii get the same reaction from another. 
You may need to approach many more to get a ‘yes’. All the best! Congrats on taking action. 

Like most we have done both over the years. A PM can appear costly, but nothing is potentially more expensive than contravening LL tenant law. There is a huge amount to know managing properties and it varies by state and even county. Know the facts and then decide.

I sold rentals and my primary in the San Francisco area a few years ago when we moved to Wa. I went through an 'interview process' with my accountant and he had me produce paperwork demonstrating income and expenses for each. These were long time holds as long as 35 years.

Pretty soon you will arrive at the required numbers including your tax exposure for Ca state income tax, make sure you are sitting down for that part.

It is all covered by the video above and your accountant. All the best!