All Forum Posts by: Eric Ching

I'm not searching for legal advice but just what to see what other investors are doing.

So I have a W-2 and I also have an LLC business for investing in Real Estate. I have a office that I do real estate prospecting in. Am I able to write off my home office as a deduction? I'm at work 9-5 than after work I'm in the office looking at properties, cold calling, texting, etc. Than on weekends I'm out driving looking at properties, meeting up seller/investors, etc. Not sure if my home office counts as a business deduction since my main time isn't really spent in there.

I need help with some comp evaluation to get my ARV right. The software gave me their Comp Analysis but I have my ARV around 600K. I'm having difficulty dissecting some parts of the comps. This property is on a really small lot on the end of a cul-de-sac. When I saw it in person it seemed like they just built this house in-between two houses thus giving the Year Built (1999) much newer than the rest of the comps. In addition, having this house built and squeezing it between the two houses I believe that is why the Lot Size is so small. My question is if my Lot Size is much smaller than the rest of the comps but much newer in Year Built how would someone compare the value? Does Lot Size value more or Year Built value more? And where would you have the ARV just based on the comps? I'm doing a full rehab of the property: paint, kitchen, flooring, exterior, etc. I know my rehab will be much nicer than most of these comps.

Thanks!

I'm new to Real Estate investing and I have a question about getting a good deal for an off market property. I found an off market deal and we negotiated the price. It needs some rehabs. The seller wants all of it which leads me to my question. When I get the loan for the house I would basically give all of it to the seller, however I thought in Real Estate you're suppose to use leverage for your benefit. For example, you would only want to put down the down payment portion and loan the rest but how would you go about it in this situation? Would this be something like the BRRRR strategy?

Thanks!

I'm analyzing a deal in Austin, TX that I would be buying all cash. I plan on holding long term and need some help. After putting the numbers in the calculator my monthly cash flow will be $700/mo. However the CoC ROI is 4%. I'm confused about this part. I thought if a property cash flows high the CoC ROI should also be high. Would this be a good deal? And if it came down to the two would you want Cash Flow or CoC ROI higher? Thanks!