All Forum Posts by: Hernan Guelman

thanks, @Basit Siddiqi!

so it seems I shoulnd't do it if it is not fot 50K or more a 5-10K investment seems not worth the cost.

since you mention carryforward loss forms, for both state and federal, since I use a CPA today, how do I know the history of the loss being carried? does it show on the forms the CPA gives me when we submit the taxes every year? if I ever want to switch cPA or try to do it online DYI ? 

>>you should be building the additional tax preparation fees into your ROI calc

yep! hence I wonder what people do. crowdfunding and syndications make it easy to put 10K here and there, but I wonder if people do that not thinking about the fact that 100% of the 10K cash flow can end up going to the CPA :-)

so I thought a list of states that have no CPA extra cost and a survey of how much extra is a state would be good info for me and others.  I paid about $600 for family, no small business just the usual w2 + stocks + K1s... 

I have few multi-family in TX and AZ, and thinking about IL and others via syndications but, the fear of doing taxes for each new state I put 10K into is stopping me.

anyone can LMK how much:

1/ they pay their CPA

2/ it costs extra for each state they add? 

this way I can at least know if 10K is worth the cost or I should avoid any state that requries to file taxes unless I have xxxK to invest. thanks!

any tax implications to fundrise? that is, will it trigger having to submit STATE tax returns in other states if I am in California? I pay an accountant and for small amount, it makes no sense for me to start having to pay him to submit tax returns in state x y and z...

Live in CA. Have 3 investments in Multi family and flip via syndication in FL, TX and CA.

Syndication now offers me opportunity in Atlanta GA. Seems to me that it is a problem for me since it will be my first (and hence small, 50K investment) which will trigger me having to pay my CPA next year extra $100 or so to file my taxes in GA (right?)

TX and FL don't trigger that, and CA does but I already live here so... :-) Would you not enter a new state for this reason? 

Thanks @Brent Coombs, yes I didn't think of changing the %down just to change the cash flow. at the end we are trying to keep some things constant as we compare different deals. 

I guess than that Austen as a market is just a appreciation play at this point, and only fits folks that don't mind subsidizing the renters while they wait/hope they will keep making it on appreciation..  

I can be ok with very small CoC in such market, but negative is not for me.

If anyone has ideas or deal examples in that area that are positive CoC, please let me know.

Sorry I missed including that pat, yes the asking is $289,990. 

I am not surprised it is negative CoC given the cash flow is negative of course :-) I am just trying to figure out why from people talking about 10%+ target, this is not a low 4-5% but it is that much worse.. is it the area, the fact that it is new... should I be assuming much lower maintenance given it is new etc'

Is low cash flow but appreciation a reasonable strategy (yet, even than I would not go with a negative cash flow of course)

I keep getting properties from my agent in Austen area. I keep plugging the numbers and it is a blood bath.. it is so wrong, that I am thinking that I am doing something really wrong. Is it me or is it that retail prices in Austin are THAT bad? 

Here is an example: 9940 Milla Cir #24 Austin, TX78748 

I also account for filling fee (70% of rent once every 3 years). 

I get CoC: -1.5%... in other cases I get at best a positive 2% CoC... anyone can tell me if I am doing it wrong? I cannot be THAT off can I? how can anyone make investments if these are the numbers?

Thanks all, great points!

When I look at 2 main strategies: investing in a syndication deal, that has 16-20% IRR, I get to normalize that into meaning ~16% yearly growth of my money, meaning doubling the money in around 5 years. 20K in -> 40K out.

When I compare that to buy and rent deals, there are CoC and Cap rate numbers but I struggle to compare that to the simple syndication deals. Anyone can give me a good and simple formula or strategy to how you compare one strategy to the other?