All Forum Posts by: Dylan Mathias

Thank you all for the good information. I really appreciate it. I have a lot of research and work to do. 

@Michael Bowie- I have a broad overview but with it being so new I am curious about the key things to look for. If you invest in these area’s for 10 years to get the zero capital gains, is there any possibility it can be revoked and people who invested in these areas would be out of luck?

I have started looking into opportunity zones and have found it to be very interesting under the new tax law. I live in California and right now prices are high and have started to level off in my area. I think if you could get houses for 20% cheaper the opportunity zone under the new tax code would be a great investment. Does anyone have any insight into this and would like to shed some more light on this area for me? I get the premise of the tax break but am happy to read and listen to anyone that has experience in this area. 

-Dylan Mathias

The Lucero Group-Vanguard Properties

Hi All, 

I am testing the interest of having a meet up in Sebastopol California. Post on here if you would be interested. 

We were thinking of doing it on Wednesday from 7-8pm on the first Wednesday of every month at the Sebastopol Startbucks. 

I would like to test the interest since there is a monthly cost for using meetup through BiggerPockets. 

@Alan Hamilton reached out to me and wanted to set one up. We currently have 3 people and I am waiting to hear back from others. 

Hi all, 

I am writing this post to get everyones top three methods to quickly analyze a property. Weather it be the standard 1%, 70% rules or something unique that you have come up with. I think it would be fun and interesting to see how many different ways people do there analysis. It will also show how people can be just as successful no matter what way they analyze. 

I'll go first. 

1. 1% rule (easy and so efficient)

2. Estimated Pro-Forma (based on market data of similar houses in the same area)

3. 70% rule 

Cheers, 

-Dylan Mathias

Hi Houston, 

Is this only available in person? 

I have a couple things I have committed to this Sunday. 

-Dylan 

Hi All,

I have done a lot of research on the reasons for getting a trust and have talk talked with my family but wanted to get my fellow BiggerPockets friends and connections opinions. 

Reasons for:

1. pass wealth privately instead of going through probate. 

2. Preserve your estate and assets for heirs. 

3. Reduce estate taxes.

4. making sure assets are disperse how you planned. 

5. Keeping your assets in your family. 

Reasons against: 

1. Cost 

2. Continual need to change as life changes. 

My question I would like to get feedback on and start a discussion on is at what age and net worth does it make sense to structure a trust. For example at what stage of your life and or what financial position you are in does the cost make sense to protect your families assets? Lastly what are everyones favorite way to structure their Trust and Will and why?

I know this is a pretty open ended question but I would like to see what peoples thoughts are, as I am looking into them and think it will be helpful for others. 

Warm regards, 

-Dylan Mathias

@Benny Gelbendorf

Hi Benny,

From my experience no good mentor or investor who reads this post will just reach out and say "Yes use me for all your criteria below". I would also veer away from paying someone because you will not get the people that are in it for the right reason.  I would do your due diligence, spend a lot of time finding someone in your area or not in your area that fits most of what you want. At that time reach out to them. Don't ask for their help but offer something instead. I got this from one of the podcast. "Ask them what you can do for them to have 15 minutes of their time to talk". Any good investor or successful person is not just going to have time to answer all your questions and be there when you need them.

There are plenty of investors who want to give back and help the newbies but they are going to put their time and energy into the ones that are willing to put in the sweat equity and provide something in return. I like to say nothing comes free in life.

Hope this helps a little.

@Pragati Soni

I am always interested in talking with people. Send me a message and we can set up a time to talk!

@Account Closed

Hi Mike. 

Did you and your wife bring around equal assets into the relationship? A Prenup should have nothing to do with how much you "love someone" or "planning for it not to work out". It is just a tool to protect the assets you have acquired before you met the person you fell in love with and married. 

I will be by the side of the person I marry through better or for worse and when when we are married all of the monetary value or anything we accumulate will be equal and we will both have full access to it. 

I have seen to many people get burned. I am very happy for you that it worked out for your wife and yourself but you look at statistics and 40-60% of relationships end it divorce. I am someone  that only wants to be married one time in my life but if something happens or my wife leaves me because it does happen, yes I would like to protect the assets that I accumulated before the marriage. 

I want to end it with this. Do you also believe that if you are going into your second married and you have 2 million in assets and the person you marry has nothing you should just say whats mine is yours?