All Forum Posts by: Ezra Nugroho

What can we do as BP nation and Will's supporters and, for some, Californians to contribute to resolve this particular problem and the wider systemic state legislative issues? Shall we all write to Kamala Harris? Anyone knows some journalists who may cover the story?

As an out of state investor who invest in PA, I find it heart warming that @Jay Hinrichs says that he rather like (some part) of PA :)

@Tyler Brown I would advise you not too buy too cheap, and be seduced by high cash flow on paper. So many thing can go wrong, and it could take you quite a bit of money to stabilize them. The end return could be abysmal, many people actually loose money on these low end properties.

I rather like Wilkes Bare/Scranton area too, reasonable demographic with lots of working class renters, and really not too far from where you are.

Are you thinking of managing it yourself, or do you want to hire a PM. If the later, you should find that first before spending too much time looking at the property. The PM can then point out the better areas to hunt properties in.

You  guys are having too much fun.. :)

Garry Keller said track it weekly. To me personally, it's a bit impractical since many bills are paid monthly. But maybe in his caliber, bills are just pocket change, and he probably makes frequent enough transactions to make it worth while to track it weekly. I only calculate mine once a month, and not to the rigor that GK mentioned in his book. Maybe that's why I am not as rich as him..

So 15-20% upside in the Bay says the sage, with the potential of 30% correction from the top. I know we discussed in the past and worried a bit that 2014 was the top just to find out that 2015 was  hot again.  As Minh said, I am really seeing China to bring quite a bit of slow down or down turn to the economy. I've heard some expert says that US exposure in China is only 5% of our GDP. However, I think that US emotional exposure in China is quite a bit higher than that. 

After quite a bit of considerations, comparing @Account Closed and Yoda feels not fair. Minh is way too tall and too handsome for Yoda...

http://www.realtytrac.com/news/foreclosure-trends/realtytrac-june-and-midyear-2015-u-s-home-sales-report/

Where did you get male raccoon urine for $12?

@Joel Owens

When you said enjoyable, did you mean that they are entertaining, or educational? Just kidding :)

Thanks for your recommendations. 

@Christian Bors Congrats for wrapping up your flip. I'd go with SS appliances. White appliances would devalue the new kitchen + granite that you've put on. You could even put it at home depot card with promotional rate if you want. It seems that you have been able to save a ton of money by doing rehab yourself. By the way, what neighborhood is this? Do you mind PM me the address?

I agree, looks very nice, Nhi! Hopefully all your hard work will be rewarded soon!

Congratz @Nhi Nguyen for the completion. I'll try to swing by to the open house.

@Charles PressThank you very much for your answer. Sorry I haven't been able to response sooner.

You are right, what I meant to ask is 'Passive Losses', not necessarily paper losses.

What are other activities can be considered as passive investment? I guess participation in a syndication may qualify. 

With regards to being a 'Real Estate Professional', you quoted the requirement that:Spend at least 750 hours working on RE. What qualifies as working hour? Would education, looking for deals, talking to likeminded professionals ? Spending time in BP to learn?

Also, how would IRS validates the time spent doing that?