All Forum Posts by: Chris Ng

@Dan H. Depends on what you mean by "huge". Like I said 6% based on 2010 prices... and about 2-3% at today's market value. I should be able to get significantly higher return moving to another market, which I'm seriously considering right now.

On the other hand, I wasn't quite active in those properties. Perhaps if I spent some capital improving those units, they would cash flow higher. I live quite close to Poway, BTW (RB). Good to see people nearby here.

My properties do have cash flow, but they are relatively low. Using 2010 prices, it's only about 6%, and much lower with today's market value. On the bright side, I have very little vacancies. 

I don't think you'll get much cash flow from the San Diego market, unless you go to more remote places like Ramona, or rehab/flip distress house. I have properties from 2010 prices, and the CoC return still isn't that great after all these years.

But since you don't need the cash flow, it's should be a good place to build equity, as I think the appreciation will continue over the long term.

Which areas in Florida have high property taxes? Statewide, it's around 1%, right?

@Bill Exeter, @Dave Foster Thanks for all the great information. The fee is not bad at all, considering my tax could run into 6 figures. And it's good to know all these other things besides the cost as well. Thanks much.

@Dave Foster, @Bill Exeter May I ask just about how much is a typical reverse exchange? I heard it's thousands of dollars, is that about right? I'm actually considering doing one myself, which is why I looked into it a little bit. I suppose it's going depend on a lot of factors, but I just need to get a ballpark. I have several properties, and I calculated the tax to be well into tens of thousands for each property. So, if a reverse exchange costs thousands of dollars, it'll be worthwhile. Thanks much.

The process is more difficult. And yes, you also need to fund the purchase before getting the proceeds from the sales.

If you gain is large, you can look into reverse 1031 exchange, where you buy first and then sell within 180 days. It costs a lot, so will only be worthwhile if the tax is high.

If you are an accredited investor, you can also look into DST projects (e.g. 1031crowdfunding.com).

@Josh Jensen Thanks, that seems to be the sense I'm getting from research and talking to realtors.

We are considering moving to Utah and are looking for high cash flow investment properties (either single or multi-family). I hear that housing has gone up a lot in Utah and cash flow is hard to get. Realistically, how much cash flow is possible within about 2 hour drive from Salt Lake City with all cash deals? 5%? Just want to get a rough idea, nothing very specific. Thanks much.