All Forum Posts by: Gordon Starr

The la times and CNN both broke the story today. Two seperate studies from Stanford and USC both showed the same basic thing. 3 to 6% of adults in la county had been infected.

I think.. as it did in california, testing will show covid 19 is far more widespread and far less deadly than reported. By a factor of 50 to 90 times. The lead docs had to know this, I mean only test people who are almost dead, then report it's super deadly. This may be a deliberate attempt to wipe out the small businesses. mark Twain once said, there are lies, there are damn lies, and then there are statistics.

If you are looking for cash flow, it’s hard to beat Dayton.But, the emerging areas are appreciating fast, so it may not last. I like Belmont, Huber heights, eastern hills, Kettering. Right now, the emerging north riverdale/southern Shiloh is the king of cash flow. Riverside drive corridor.. fix them up really nice and you can get great tenants..

I am raising cash now in case credit starts getting tight. Not because high interest rates, more like you won’t be able to get a loan on rei properties if banks are foreclosing on mom and pop. The Donald will try and take everything for himself.

The two cities are very different. To generalize, Cleveland was built up during the boom years of US manufacturing buy highly paid workers. Think 1920s, 1950s, 1960s. Columbus was built up since then and continues to be growing. I think Cleveland was built to far higher construction standards, particularly the 1950-1960s building stock. It also has vastly higher vacancy rates and vastly lower prices. This is particularly true in c d f areas of Cleveland. I lived for years in both towns and love both places. Columbus is classier, but Cleveland has a lot more of what I like to buy.. Rock solid structures for dirt cheap.

New York, I love the place, but it’s a bad place to be holding rei these days. Half a million for a tiny apartment, then you get sick as heck AND stuck there underwater. I am sorry for you, but sympathy doesn’t help much. So, I will try a prayer.

@Bob Norton thanks that will simplify life. Also the SBA form sc We do more now and I want to keep it going despite the drop in revenue.

I buy Rehab and hold in rent to own sf houses. Sometimes I get sales to tenants. i grow steady one house per year total rehab on distressed property.

Thanks @Bob Norton. That's kind of what I thought. I might have to file schedule c too this year bit not quite sure..

Real estate professional here. I have only one employee my ten year old son! It goes on the books in 2019 as a sole proprietor... unless it means I get audited? Do you think I will?