All Forum Posts by: Daniel Hyman

Short Term Shop is a wealth of info on the area.

I would also speak with a handful of PM's.

@Magda Lipinska

The lower property taxes in SC may be related to the higher state taxes. TX has none as you know. Be sure to include state taxes in your deal analysis. 

CPA's are a good resource to talk these matters out with, but ultimately the realm of asset protection should be reserved for attorneys imho.

Exploring cities outside of California for real estate investment can be a smart move, especially if you're looking for markets with strong growth potential, reasonable property prices, and good rental yields. You may want to visit a few cities to get a feel for the different markets and meet local real estate professionals. Connect with local real estate agents, property managers, and other investors to get insider knowledge and help identify potential properties.

Good luck!

Aside from speaking with local investors, agents, and lenders in Sacramento, I would recommend speaking with local property managers. They are usually a wealth of information about market conditions.

You may want to shop around. Get quotes from multiple lenders to ensure you're getting a competitive rate. 

Negotiate by using your credit score, down payment, and comparison quotes as leverage.

Also, a mortgage broker can help find the best rate tailored to your situation. Consider speaking to one.

@Bill Burkhead

Try the "Build Your Team" tab at the top of the page and click on "Find a Tax & Accounting Pro."

If your portfolio is 1-2 properties and you prefer to keep things simple, excel or google sheets would would work.

If your portfolio is 3 plus then software would be the way to go. There are multiple vendors out there.

@Franck Armand

If you are considering STR's, you may want to look at areas in the Blue Ridge Mountains.

@Ben T.

I recently read an article that listed some of the reno projects with highest ROI. Included in that list was:

Garage Door Replacement (this had the highest ROI of 200% recouped cost according to the article)

Entry door replacement

Minor kitchen remodel

Window replacement

There was more, but those are the items that I recall.