All Forum Posts by: Jonathan Pavkov

Hello guys!!

Just looking for advice on what to do.

I have a sf investment property in Washington state that it’s paid off. It rents for $1500 per month and it’s worth around $330,000. After property taxes, insurance and reserves for maintenance and repairs, I get to keep about $1000 per month. (I self manage)

I currently live in Orlando and looking to buy some more investment properties sometime next year after I reach my two year work history. I’m thinking to pull some of the equity of my Washington house to invest in Orlando. Maybe $150,000 and use it as 20% down pmt on three condos or small sf OR maybe a apartment building. I have also looked into the possibility of a more luxurious condo in brickell downtown Miami for posible Airbnb or rental. ( long term goal for me is to move to brickell)

Just want to hear what would you experience investors would do in my situation??? Having a paid off house gets me piece of mind but I also want to keep investing to accelerate my freedom from my job.

I’m soon going to be investing out of state I live in California and I’m just wondering do I get taxed twice on income. When I get tax from wherever I’m investing and then get tax in California.

Good morning everybody,

I'm a brand new investor. I've been learning and analyzing deals for just under a year now. I have a large amount of savings that Im looking to invest. I'm currently in the military so VA loans are an option. I'm in a unique spot where my job will allow me to move to Hawaii (Kauai) or move back to the Midwest. I would love to move to Hawaii but the issue I'm running into most is it seems to be a very expert level market. Just want your thoughts if you could do everything over would you rather have started in a market like Hawaii or Midwest and any advice you can give me in regards to harder and more expensive markets.

Thanks in advance.

@Alex Wise I think there's a lot of wisdom in these posts, and the reality is that short term rentals will be much more management intensive than long term rentals, but will offer higher returns. The question you need to ask yourself is do you want to buy yourself a passive investment or an active job? Once you factor management costs in for STR you'll wind up with returns that are only slightly higher than LTR but riskier, however if you'll manage it yourself you can see returns that are much higher because you're getting compensated for your time. Similar to flipping, the more work you do yourself the more money you'll save/make (generally speaking).

I'd recommend exploring one of 3 options: 

1) Looking into a house hack that could be used as a short term rental to dip your toes into the industry, but only buy something that will cashflow or at least break even if it doesn't work out or you don't like the active management piece of it.

2) Look into furnished rentals to traveling professionals (travel nurses on furnished finder). Monthly rents are higher than renting out long term, and as long as you account for higher vacancy you should still be able to see solid returns. 

3) Invest in a long term rental first to provide stable cashflow and learn what it takes to manage, and then revisit short term rentals in a year or so as a means of diversification. 

I'm currently going through the process of converting my primary residence house hack from a travel nurse/furnished rental to an Airbnb, and I'm expecting much higher returns but I know there will be additional management required. I'm able to outsource most of it, but I figure it's a relatively low risk way to start investing in the STR space myself. Always happy to chat further about it if you want to connect, just shoot me a message.

Best of luck!

Hello BP community, 

My wife and I work w-2 jobs and own 3 rental properties... nothing crazy. Is it normal for my CPA to be charging me $3,000 to prepare our tax return? This is my first time using a CPA and I don't know what is considered normal. But I feel like something is definitely off here. I have other investor friends who pay $400-$600 to their CPA and they own multiple properties. Thoughts?

Best, 

David

Hi everyone! I’m new to BP and excited to learn from all you experts!

I have 250k cash in checking and am self employed and bring in 40k a month from this specific business. 30k of it goes to my financial advisor and invested in stocks. I setup for 30k monthly to come out and go directly to a non retirement stock account. I recently sold a rental property and netted 135k. I have another rental I own free and clear and have quite a bit of equity (400k) in my home. I’m 40 have no debt and my expenses are low and the business pays for my monthly expenses easily after puttting away 30k a month into a non retirement account.

Im 40 and have about 400k in a non retirement account and my 3 kids college funds paid up. I have another rental worth 400k that’s paid off and 400k equity in my primary residence. I also have another rental property bringing in 2500 rent and have 300k equity in that property. I plan on retiring and traveling by 53 ( when my kids head to college)

My question is

Should I focus on cash flow and what to do with the cash?

I definitely think I should use the 135k ( proceeds from rental property sale) for RE so I don’t pay capital gains on it. I do have an interest in multifamily property investing.

I also have the 250k that I need to use to generate passive income

Your thoughts and expertise is greatly appreciated!