All Forum Posts by: Chandrika Vasudevan

I've been dealing with a lot of challenges with my long distance portfolio - I bought 2 SFH and a multifamily within this past year in St. Louis, MO and I've had such a hard time finding the perfect management to look after my properties.

The first property manager exploited us and charged us for issues that he did not fix and the second one (who was an amazing management) just terminated citing that they are focusing more on STRs. 

If there are people here investing in the area, can you please share contacts of great property management companies in St. Louis, MO? Thanks!

@Dmitriy Fomichenko, thank you so much for the tip. I will reach out to them! 

Hello everyone,

I am a rookie real estate investor and bought my first two properties in MO in 2020. In addition to this, my husband and I have our W2 incomes coming in (he works in CA and I work in WA). Given our situation, I've the following questions regarding our tax situation.

1. Would a RE CPA be able to help us in filing our income taxes as well?

2. As you can see, we have our incomes coming in from 3 different states in the US. What kind of a CPA and specific to what location do I look for while choosing my CPA to file my taxes?

3. My husband and I were stuck outside the US for almost 9 months in 2020 due to COVID travel restrictions. Would this impact our taxes in anyway?

4. Please share the contact of a great CPA that you might know of, who might be able to help us out with our complicated situation. 

Thank you in advance! 

Hi Everyone,

I'm a Rookie out-of-state investor looking to close on two SFH properties in the St. Louis, MO market. We're done with the inspection and the appraisal and the closing date is next week. We're inheriting tenants for both the properties and they seem to have been paying rents regularly.

While I was in the process of looking for a good Property Manager, I came across one PM who mentioned that he is a buyer agent too and that the zipcode that I'm buying my properties on is a very risky and high crime locality and that there are a lot of shootings in that particular location.

With the closing hardly a week away, I'm freaked out unable to make a decision about what to do next since I need to manage these properties remotely. Do I go ahead and close on the deals or do we pull out of it and forego our EMs? What are the consequences of pulling out of a deal this late in the process. Would this affect my future purchases in anyway? Please advice. TIA!

I am a new investor and looking to invest OOS. I'm in the process of buying my first Duplex in the DFW TX area. When I ran the numbers based on the 2019 taxes, my Coc ROI comes to 5.59%. However, my agent stated that the conservative method of calculating the taxes in the area is by running the tax numbers as 2.85% of the Sale Price. This brings the ROI way down to 2.42%.I've attached both the calculations here.

Is this tax rule true in TX? What are your thoughts around placing an offer for this property?

I'm a new investor and am in the process of buying my first Duplex in the TX area. When I ran the numbers based on the 2019 taxes, my Coc ROI comes to 5.59%. However, my agent stated that the conservative method of calculating the taxes in the area is by running the tax numbers as 2.85% of the Sale Price. This brings the ROI way down to 2.42%.

I've attached both the calculations here. Is this tax rule true in TX? What are your thoughts around placing an offer for this property? Thanks!