All Forum Posts by: Account Closed

Houston is in Harris county. There are nearly 2000 square miles and over 4.5 million people in Harris county. Do you have a specific region where you will be living/working? I think it is going to be likely to be competent in all that space immediately. I'd start within a 30-40 minute radius of home if I were you.

Dont know the area very well but anywhere where investors buy cash and flip them often. There is always those 2-4 hottest zipcodes. Harrison county

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Hello Guys,

What are hot zip codes in the median price range in Harrison county?

-Where does investors focus in the most ?
-Median price range is $250,000 correct?

I am about to get licensed here in Houston and I want to start getting to know the market.

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Originally posted by @Dave Foster:

@Account Closed, You're asking the color of a unicorn. Combining a high velocity rehab sales business with 1031 exchanges is very difficult. As @J Scott alluded to property that you have purchased with the primary intent of resale (flip) does not qualify for 1031 exchange.

But I do have clients in the 15 - 30 exchange per year range. They do it by changing the flip model. Instead of buying properties primarily to fix and flip, they buy properties to fix and hold. Then they later look at their portfolio to determine which of the properties they have been holding are candidates to 1031.

In order to generate cash to increase the velocity of their acquisitions they refinance where equity is available and use this for purchases.

Not everyone has the patience to be a sold out 1031 investor. But for those who demonstrate the discipline the power of the deferred tax is a pretty compelling carrot. I have clients on their 3rd generation of this strategy and with the passing of each generation the tax gets wiped out in the step up estate. So tax deferred can become tax free.

Very interesting I did not know it gets wipes out after each generation. How do you determine if the property qualifies for a 1031 exchange ?

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Hello Guys, I have a question to those who flip 25 plus homes a year. What is the best strategy out of the two I am about to put down below Strategy one: Flip homes sell them, take profit and keep flipping, paying taxes at the end of the year Strategy two: Flip homes 1031 exchange profit into the next deal until you have profit greater than your flips that you have to buy multiunits due value of past properties being a good amount of money. Has anyone done this ? What would you recommend ? This is what I see? Benefits of 1031 exchange are you avoid paying taxes and if your in real state for the long term might as well keep your money in real estate, I see real estate as being a money printing machine. Once you get into multiunits you will cashflow every month, while you are rehabbing it, and tenants are paying the loan at the same time. What do the you guys think ? Please give me cons and pros of each scenario. (only guys who have done 1031 exchange and flip more than 25 plus homes a year )

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Hello Guys,

How do you find foreign llc members or managers name ? I know when you go to the e corp website in Arizona it does not give you the persons name or mailing address. Does anyone know if theres another website to find this ?

Thank you in advance !

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Thank you very much guys for all your responses, I still have not gotten to some of you I will here soon.

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Originally posted by @Jeremy W.:

Originally posted by @Account Closed:

Good Afternoon Investors,

Ok so I want to buy a few properties and ARBNB them, I have a hard money lender that give me repair money along with the house loan amount. Goal is to ARBNB them the third month or so once they are completely renovated so that it pays for the monthly mortgage then, sell it within 6-8 months.

I would buy it outdated, add value either square footage or upgrade it, and sell it for a higher price.

-My question is how do I find out if the area I am trying to buy homes rent often?

-How much does ARBNB take from your monthly rental income ?

-Is ARBNB even profitable after all expenses (Mortgate, water, electricity, internet, cleaning service. Am I missing anything ?) ?

Thank you in advance for you response !

Hi Frank,

It seems like you the money ready and are ready to pull the trigger on a property. Fun! Airdna.com is a great start.

Airbnb takes a flat service fee and remits taxes (if applicable in your area). This means that it is passed onto the guests'. You can make additional revenue by charging for cleaning and for extra guests.

Airbnb is profitable after all expenses, but it is more time intensive. If you do it right (great pictures, good location, guests give you high reviews for a wonderful experience, etc) than your profit will only continue to increase. With this "time-suck" comes the need for more turnover - cleaning, maintenance, and, maybe most importantly, guest communication. Guest comm for 1) any hiccups and 2) for making their stay smooth and enjoyable.

We've found that it is more profitable for our clients (homeowners and investors) by 28-55% in Chicago.

Cheers -Jeremy

Thank you very much for your response and yes I have a townhouse ready to Airbnb and one studio that I should be fixing up here in the next month to do the same thing. I was just in Chicago last week and we did Airbnb, it was a great experience.

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All Forum Posts by: Account Closed

Account Closed has started 35 posts and replied 70 times.

Post: Houston, Texas (Harrison County)

Post: Houston, Texas (Harrison County)

Post: Houston, Texas (Harrison County)

Post: Houston, Texas (Harrison County)

Post: Rehabbing & 1031 Exchanging Profit

Post: Rehhabing & 1031 Exchanging Profit To Multiunits

Post: Rehabbing & 1031 Exchanging Profit

Post: How to find foreign llc member/manager name ?

Post: Landonrds that do Arbnb, is it a good strategy to....

Post: Landonrds that do Arbnb, is it a good strategy to....