All Forum Posts by: Brian Paula

Hi all - I currently own 3 duplexes and a short term rental in CA.  Looking for creative ways to expand my portfolio. Anyone have experience partnering with a fist time home buyer/low income partner in CA to add to your portfolio? I would be the money and she would ideally have access to special low income/1st time home buyer programs.

Thanks John.  I do have a professional tax preparer and he does not think I am able to, but he is also not great bout helping me plan and strategize for the future.  I also don't know if he is up to all the latest STR/Real Estate rule/loop holes.  Was hoping someone in the community would have something solid I could take back to him.

Hello fellow Big Pocketers - I have a feeling that I am just out of luck here but thought I would reach out to the smartest group of people I know when it comes to real estate.

Situation -

-High earner in my W-2 job (not sure if this plays a factor in this, I have heard conflicting reports). 

- Wife is a stay at home mom and spends ~3 hours a week managing our Short Term Rental.  She currently does not work more hours than the cleaners.

- We have long term rentals that are being managed by a Property Management Company.

I don't believe we current are setup to meet the Material Participation requirements but would love to hear creative ideas from the group of how I might be able to clear this hurdle.

Thanks

Brian