All Forum Posts by: Jennifer Spradling

Quote from @Jerry Hamilton:

Anyone with experience renting to students in Starkville? Considering buying a house for my son to live in with a couple of additional guys.

I started my real estate investing career doing that for my son in 2018. My son had two roommates. Students pay between 500-800 per room in general. 
After the boys moved, I have chosen to continue and picked up several more properties. 

I am new to Livermore California and need to rent a house. I have found one that works and want to claim it. My question is how can I be sure this private landlord is the legitimate owner of the property before giving a large security deposit? I tried looking at tax records, but that info isn’t on the county website. I got a good feeling during the walkthrough, but I don’t want to be scammed. Any suggestions? 

@Scott Wolf

The SFR is an excellent property, but it's not giving me the best returns I could get in a different property down the road. . $240,000 invested, grossing $1500/month with very high property taxes.

The reason I consider it is because the house I want to buy to live in is highly desirable, and the seller won’t wait on me to get financing. He’s looking for something quick.

@Basit Siddiqi

Thanks for the reply. Since I am choosing to sell this property for a little less than I paid for it, how would that impact my taxes. I only held it and rented it for 1 year.

@Derek Dambeck Thanks for the reply.

I own outright a SFR that appraised for $250,000.

I want to purchase a house listed at $230,000 (to become my primary residence).

Would there be negative tax implications to offer a property swap in this situation assuming the other investor is interested?