All Forum Posts by: Janelle K. Eagle

Looking for recommendations for a real estate attorney in CA. Initial need is to set up and structure an LLC to embark on my real estate journey.

Hello,

A relocation to CA bay area seems imminent due to job and therefore selling an owner occupied triplex also seems imminent. I was initially considering selling my triplex and buying a single family in the bay area for the sake of aggressive future  appreciation while also giving a comfortable living with family but being a single W2 earner the numbers are still not making any sense besides future appreciation is highly speculative.

So I was thinking if it would it make sense to buy a 12 plex in places like Oakland for around 2.2 mil using the sales proceeds of the triplex perhaps do a 1031 exchange. I am expecting to sell the triplex for around 1.2 - 1.3 mil and there is about 500k in loan balance so there is up to 800k in equity. Appreciate your inputs

Thanks

I have a rental SFH, renting out $3500/month. It will be paid off in six months. The zillow estimate is 1M. I have been taking depreciation on this rental property for 20 years. I bought it 22 years ago $200k. Should I continue renting it and collect $3500/month or doing 1031 exchange to get multiple units as I will get a decent amount of equity after 6 month when the mortgage is paid off.

Appreciate your advice very much.

thanks 

Jane

Hello community!

My name is Daniel and I was recently told by my father to read rich dad poor dad, as well as Ken McElroy's ABC's of Real Estate Investing... I soon had a change of heart in what I desired to do for the rest of my life. 

Long story short I graduated college with my degree in engineering and have been working as an Civil Engineer for a little over a year. Because my desires have changed, the way I see it, I would much rather spend my time seeking investments that will guide me to financial freedom, than waste my time working and hoping the potentials of a 401k will save me in my 60's. I am 23 years old and I want to start investing in real estate now! The only knowledge I have was obtained so far comes from books/podcasts, but no hands-on experience yet. I do plan on attending a real estate meet up this coming January. 

The question I have is in regards to location for my first rental property. I live in Bakersfield, and I am wondering if it is better to keep looking for deals in the Bakersfield/surrounding areas, or to look at properties in other states such as Texas (because I may move there in some years) because at first glance, in other states such as Texas, I am able to find cash flowing properties at a much higher rate. Any tips on finding cash flowing properties in Bakersfield, or any realtors/brokers that specialize in investment properties in the surrounding Bakersfield area?

Hello BP Family, I am a full time entrepreneur in real estate for almost 6 months and former restaurant GM , still working on getting my first listing which will come. My niche has been FSBO's and Expired listing. I really want to get into investing but don't have the start up capital to put me in position to execute. I have been listening to a lot of BP podcasts that have me fired up and ready to start making moves going into 2024. My goal is to get into the commercial real estate and the development side. Using BRRRR method as a vehicle to create wealth and get back ample time with my family and do what i love to do! Any and all advice welcome.

Thanks for your time! 

Hello from California. I am a retired Army vet looking to dive into real estate investing. I've thought about it for quite some time but didn't decide to really give a it a shot until a friend of mine talked me into it. He was so passionate about it, I took it as a sign to give it a try. I currently travel to and from overseas working as a contractor but plan on purchasing a duplex, tri-plex, or four plex in Texas this year as that is where I am relocating to. Until I pull the trigger, I'm trying to be as proactive as possible in regards to obtaining information and such. I look forward to engaging with folks on here and providing value where I can.  - Tino

Hi BPer's 

I bought a single family investiment property in Texas last year - currently my son is living in it (paying the mortgage) and now I'm back in California. I'd like to invest in another property here but I need to get my finances in order first. I've had the same tax guy for years but he retired last year (just when things were getting good lol) and now I really want to connect with someone who can not only do my taxes but tell me best how to move forward in real estate investing. 

Any referrals are welcome. And if anyone has any suggestions on questions I should ask a tax strategist those are welcome as well! 

Thank you in advance for your time and advice ;)

Signed,

Trying to get off the struggle bus