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All Forum Posts by: Brianna Bain

Brianna Bain has started 3 posts and replied 5 times.

Post: Structuring a purchase

Brianna BainPosted
  • San Francisco, CA
  • Posts 5
  • Votes 3

Hi! I'm looking to buy my second property in California. I want to buy a plot of land, build on it, and let a family member live there. I'm looking for advice on how to best structure this for tax/liability purposes. Also unclear on the tax reqs and implications of letting a family member live rent-free & how that should impact how I go about it (LLC, trust, etc.). Any advice would be much appreciated!

Post: First investment property

Brianna BainPosted
  • San Francisco, CA
  • Posts 5
  • Votes 3

@Brad Hammond

@Jonathan Greene

@Bill Horton Added the book to the Amazon cart :) thanks for the recommendation! Will DM!

Post: First investment property

Brianna BainPosted
  • San Francisco, CA
  • Posts 5
  • Votes 3

@Keith Kellermeyer Thanks for the welcome and book recommendations, I'll check them out!

@Jeff S. Thanks for the response! I have a good amount to start with, couple hundred thousand. I would be open to other markets but it does make me nervous investing somewhere I'm not familiar with. I'm not dead set on Portland, but I would need to do a significant amount of research if I'm to invest elsewhere. Deal scarcity doesn't excite me haha. What are some of the regulations you're not happy with? 
@Jonathan Greene I appreciate the response & advice! I was thinking Beaverton/Hillsboro area west of Portland. You've got Nike & a few Intel campuses, and a fair amount of recent growth in Beaverton specifically. I still have family/friends out there and while I haven't explored it explicitly with them, I'm fairly confident I'd be able to leverage my connections on the property management side. I was originally thinking single-family homes to start, but condos could be enticing (there are also a fair amount of them popping up in Beaverton). My thought was single-family homes would be easier to manage starting out, but I realize that might not be true. As a first-timer, do you think a multi-family unit would be a tougher start?

Post: Rehab a house: where to start

Brianna BainPosted
  • San Francisco, CA
  • Posts 5
  • Votes 3

Hi everyone! I have some novice questions so bear with me..

Where does one start when it comes to rehabbing a house? If I’m looking to purchase a property that needs a significant amount of work, (1) how do I, an amateur, even identify what needs work? There are obvious things like paint, but how will I know about less obvious things? Who will I learn this from & (2) once I understand what I need, what’s the best way of going about it? Hiring several contractors for different jobs, or is there a more streamlined way?

Post: First investment property

Brianna BainPosted
  • San Francisco, CA
  • Posts 5
  • Votes 3

Hi everyone! I’m still in the research phase of my investing journey and would love some advice. I’m currently living in San Francisco and looking to invest in the greater Portland (Oregon) area (where I grew up). Any first timer advice for finding deals, investing from afar, or about Portland specifically?