All Forum Posts by: Jeff L.

I acquired a couple of rentals this year and have a 9-5 job. Pretty simple. I'd like to have a CPA in socal/orange county that is familiar with real estate investing (and all the tax deductions and benefits that come with it) to do my taxes next year.

Knowledge of business entities for real estate investors would be a bonus.

Any recommendations? And if possible, a ballpark cost for that CPA.

Thank you!

I have a couple of rentals in another state and I'm starting to look into asset protection, like putting them into a land trust or LLC or both.

Any recommendations for an asset protection attorney who is familiar with landlords located in Southern California or Orange County? I'd love to hear your experiences with along with the recommendations too.

Thanks!

They take up a lot of space and are difficult to fit in a standard file cabinet (since they're legal sized).

Is there any reason at all to keep the paper copy of the HUD if you have a pdf copy?

That's what I thought. There's no reason to keep the paper copy.

They take up a lot of space and are difficult to fit in a standard file cabinet (since they're legal sized).

Is there any reason at all to keep the paper copy of the HUD if you have a pdf copy?

 How are you getting $300 per door? What reserve percentages are you using for vacancy, repairs, capex, management, etc?

I'd like to get a survey going.

When evaluating houses, what's your criteria for:

1) Cash flow per door (e.g. $100)

2) Cash-on-cash return on investment (e.g. 12%)

3) Do you only use one metric or both? Does a house have to satisfy at least one of those criteria or both for you to buy it?

Perfect, found the form on the assessor site. Thank you!

This is about the assessed values of houses in Indianapolis or Marion County, IN for tax purposes.

1. When do reassessments take place? Can you request a reassessment and if so what is the cost?

2. What is the reassessment based on? Can you influence it in any way? Is the last sold price of the house a factor? Is it based on comparables?

Thanks for the info @Account Closed, @Jim Groves, @Joe Fairless, and @Lynn Dee Murrow! Exactly what I was looking for.

8-10% preferred seems pretty standard for a passive private money investor I guess. It's lower than what I look for in SFRs, but it has room for additional profit from the split and has larger scale.

Joe, I'll PM you about your previous deals...I'd love to see some numbers of what was promised to your investors and what the actual yield turned out to be.

Lynn, intuitively I feel like apartments are a great vehicle for passive income. I just wonder if that only applies to the person putting together the deal, or if it's still superior (compared to SFRs) for the passive cash investors.