All Forum Posts by: Jonathan Pavkov

@Justin Garland it’s 2372 Linden, it’s kinda in between north and south but closer to north and right by linden park.

Hello!

I just recently moved to Raleigh, NC and I'm looking to find an accountant who not only could help me with real estate investing (I'm looking to get into short-term rentals), but also help me with my LLC and buisness finances.

Any suggestions or referrals would be amazing! I'm lost in my search. Local accountants are not a necessity for me, the right fit may be someone in a different area.

Side note, this is my first post in the BP forums and I want to say I'm so thankful to be part of such a great community 😁

But from a tax and legal perspective, does it make more sense to formally hire my contracting company? Thanks for your input.

I am currently house hacking a 4-unit and plan to continue to grow my real estate portfolio. My question is do I hire a bookkeeper right out of the gate or start with quickbooks on my own?

FYI I have never used either a bookkeeper or quickbooks for anything else in my life. 

I appreciate any feedback

New to real estate in Ohio as of January 2021. Seeking advice regarding eviction. Long story short, tenant is currently 27 days late on rent and there have been other breaches of contract, such as they got a cat (we called them out and $50 more in rent now) and most recently their son (over 18) moved in without us knowing.. (haven’t brought that one up yet to them..)

I’d like to get them out legally, really so I can get some work done on the house and have a chance to make our lease agreement a little more bullet proof and actually choose the next tenants (this rental property came with someone already..purchased from in-laws)

Before being bold and putting an eviction notice on their door I wanted to check to see if there’s any gotchas I should be aware of? Especially with the ever changing policies related to covid. I also don’t want to pay a boat load in legal fees.. maybe the easier thing would just be to ride out the rest of the year and not renew the lease? Any advice would be greatly appreciated.

Hello all, I'm looking at Columbus, Ohio as a potential investing area. Are there any investors, PM, or realtors who can tell me more about the University district and surrounding areas around OSU? It appears that rent is around $2800-3000 for some of the 4bed+ houses. Are the houses in this area being rented by families or is it attracting the student population from OSU? It seems like a great cashflow opportunity so I am looking to find insight. 

Hey all,

I’m relatively young (30), and in the fortunate position of having the capital to afford a $1M - $1.5M mortgage. 

I live and work in LA, and I’d love to know: for those familiar with the market, what would you do in my position? Stated another way, what do you wish you had done at my age (in this market)?

Based on some very cursory research (Zillow) it looks like I could afford a decent duplex (and maybe a triplex) on the east side (Silver Lake, Echo Park, Atwater, etc.). The same is true for a nice SFH (2/2). Options are more sparse and worse on the west side (Venice, Santa Monica, etc.).

My general understanding is that I’d be doing so mostly for appreciation — cap rates are going to be very low in this market. I’m fine with that, and I like the idea of getting a home now, living there, subsidizing it to some extent (via either a tenant or roommate), and then moving out/renting fully in 5ish years when I need more room.

I’m just beginning my real estate journey, and I’d really appreciate some quick takes. Generally, I like the idea of getting an asset now and paying into it vs rent, but I also know this market is nuts + LA is a tough market. Maybe I should just invest my money elsewhere. 

Thanks!

 He was in Michigan and worked for a tooling company that supported the auto industry. Both of his renter lost their jobs and stopped paying. He lost his job. The tenants moved out, but he couldn't rerent. One property was trashed and needed thousands in repairs. He decided to walk away from it all. No landlord would rent to him and his family due to foreclosure and bankruptcy pending. He eventually ended up paying a full years rent in cash to get a landlord to accept him. I rented to him a couple years after that. By that time he had a good job and two years rental history. 

I am sure people will say, "yes but my market is better than Michigan" and it may be. Just remember that no market is immune to economic or natural disaster that could send your business in a tail spin. If you have cash reserves, you can ride through the storm. If you are heavily leveraged, you better make sure nothing goes wrong.

I'm looking for an investor-friendly accountant to help in preparing and filing my taxes. Does anyone have any recommendations for the Wilmington, NC / New Hanover County area? I would appreciate anyone who would be able to offer advice on how to structure purchases/LLCs/deals/etc. in order to get the most tax benefit out of them as well.

Thanks in advance for any recommendations!