All Forum Posts by: Daniel J.

@Anthony Dooley Do you do the same with vacancies?

@Anthony Dooley Do you feed that cash reserve every month with your budgeted amount or do you replenish  that some other way? Thanks!

Hey all,

How do y'all keep track of the funds you are holding in reserve for CapEx, Vacancy, etc? Do you just plan for those numbers in your analysis but then take it all as "cash flow" and pay it as it comes up, or do you actually accrue those dollars in an account?

Thanks!

Tony,

What exactly would you be looking for in someone doing comps? I have very little experience in that regard but I would like to think I am a quick learner and possibly we could help each other out. Feel free to reply here or send me a message.

Thanks,

Daniel

@Account Closed I did have another question for you but I sent a message with it in it.

Thanks for all the feed back!

@Sarah Kline Yea, that completely makes sense.

@Travis Sperr Thanks!

@Account Closed Thanks!

@Fred Heller

That is certianly very true. It's frankly amazing what some people are trying to sell in there. You wouldn't have any concerns about the safety of your property or residence? Would you manage a property in there?

@Sarah Kline Very nice! How many units if you don't mind me asking? If you can find the right property it does seem easier to run the numbers versus other areas of town.

Thanks!

Hey All,

I have two different questions but they are ultimately linked. I'm super confused at this point on the tax advantages of buy and hold RE. I have been talking with my aunt who is a CPA here in the Houston, Texas area and frankly that is what is getting me confused. What I have been hearing from CPA people around BP and on the podcasts don't seem to line up with what she is telling me. Could someone please explain it a bit clearer for me or point me in the direction of some resources that would.

As well I am in the process of forming a "partnership" with my father in law to buy rental properties. He is going to be the money partner and I will be doing the sweat equity/operations. If it matters he is located in Colorado, and I am in Texas. I'm not necessarily worried about the liability protection from an LLC at this point, but I do want to figure out the best possible way to set up our "partnership" or whatever legal form it takes to benefit us both the best. Once again can someone point me in the right direction please.

Disclaimer: Yes I am working on finding a good RE lawyer to discuss these topics with as well and get their official legal opinion. I also understand the dangers of doing business with family. It is a calculated risk I am willing to take.

Thanks for all the input!

Daniel

Hey All,

Has anyone or would anyone invest in the Houston, Texas Greater 3rd Ward area or other revitalizing areas? I received my degree from the University of Houston so I am well aware of the area it is. There seems to be a lot of remodels and new builds in the area and some great properties as is. Any thoughts?

Thanks,

Daniel