All Forum Posts by: Gayle Eisner

 My sentiments exactly… I would never want to invest in any of other states. I like to be near my investments and the weather here is not replicable anywhere else.

Greetings fellow investors.

Climate Change is a topic that is not discussed enough on this forum.  I have been concerned about this issue for a number of years now.

I have a couple of rental properties in the Monterey area that are about a block from the beach. Great rental income, great location, great tenants. I have been increasingly anxious however, due to the proximity to the ocean. Last year was, in my opinion, not a once in 100 year occurrence. Power was down, homes and businesses damaged and closure of highways. This year, again, extreme damage to businesses has occurred in Santa Cruz, CA (near me) and winter has just begun. I was thinking of selling and doing a 1031 exchange to a "safer" location. Ideally, I would love to keep the rental properties but the possibility of losing these assets is of great concern. Both are paid off. Rumors in the area are that insurance companies will be pulling out and I will be stuck with the expensive, minimal government insurance.

Questions: Has anyone experienced this same situation or have any advice on new investments still in CA?

Thanks kindly!

Greetings fellow investors.

Climate Change is a topic that is not discussed enough on this forum. 

I have a couple of rental properties in the Monterey area that are about a block from the beach.  Great rental income, great location, great tenants.  I have been increasingly anxious however, due to the proximity to the ocean.  Last year was, in my opinion, not a once in 100 year occurrence.  Power was down, homes and businesses damaged and closure of highways.  This year, again, extreme damage to businesses has occurred in Santa Cruz, CA (near me) and winter has just begun.  I was thinking of selling and doing a 1031 exchange to a "safer" location.   Ideally, I would love to keep the rental properties but the possibility of losing these assets is of great concern.  Both are paid off.  Rumors in the area are that insurance companies will be pulling out and I will be stuck with the expensive, minimal government insurance.  

Questions: Has anyone experienced this same situation or have any advice on new investments still in CA?  

Thanks kindly! 

Hi Ken. I am in the same situation only. I am a single taxpayer and want to create the 750 hours but I have had to spend a lot of time reading books and getting more acquainted with Real Estate, in particular the Airbnb field. I own three rentals, so I know pretty much what I’m doing in that area I just don’t have enough hours. I spent five hours one day watching videos regarding living trust and S Corp. and asset protection. I’ve also read several books and this is time consuming. I’m sure your wife will agree but I don’t know about the IRS. If you find the answer to that question, can you let me know? All your questions were very good questions by the way thanks, Gayle.

Hi:

I just heard about "finder" a program that helps find ones tax deductions over the year so at the end one has less work to do on filing.....If you have used it, what is your review of the product?  Sounds too good to be true .... Thank you!

Greetings:

I am a small timer but I own three rental properties.  Currently, I have a CPA that I have been using a few years.  I am not an expert in this area, but it seems that I am the one that has to point out to the CPA my deductions for the properties via my research....  Isn't that their job to help me by pointing out and suggesting areas I can save money?  Or is it MY job to do that or ask him?  Also, I have found errors in my last years tax return and I guess I need to point them out to him? Im just curious as to what others are doing and whether I should either hire a new CPA and ask questions when I hire him or just hire a regular tax person for a lot less money?  Your experience and guidance is much appreciated!   Gayle

Just my 2cents...KCMO has a very high crime rate.  I just saw today on line that a teenager went to the address of the wrong house to pick up his brother...A man answered the door and shot the teen in the head--then shot him again after he hit the ground.  true. Real estate in KC KS has also taken off for Single home investment. 

Looking to maybe buy some a rental single-family residences in Kansas City Kansas. What are some decent neighborhoods in around the 200,000 range? I have explored the suburbs just around downtown and they don’t seem to be that great. Thank you for your help.