All Forum Posts by: Jordan Decuir

I believe that the IRS will look at this from a cash-received perspective and, being that you actually received all of the rent in 2017, you will have to show it all as 2017 rental income. I do not claim to be a CPA however and perhaps a good CPA can find a legal way to lower your 2017 liability

Eric Nelson Perhaps do a cash-out refi on your personal residence? Free up a good amount of low-interest cash (to put to use on incremental rental properties) AND lower the equity on your personal residence, thereby providing somewhat of a shield at the same time, correct? Also, an umbrella like Mike McCarthy mentioned is a good idea.

Joe Fairless Thank you for the great post, especially for those like myself who would be new at the multifamily syndication game. Your posts here on BP and you Best Real Estate Investing Podcast ever have been an inspiration and helpful to so many of us. Thanks again!

Daniel Fierros Are you running the delinquent search yourself or using an outside provider?

Peter Mckernan Jeff Copeland Steven Picker I have heard that, generally speaking, working a listing is somewhat less time consuming compared to the time put into working with a buyer...has your experience demonstrated this as well?

Welcome Jeffrey Ginsberg Your current profession, past/current experiences, and the network of folks that you interface with should be some great resources for your investing. The resources that Dave Visaya pointed to as well as the bigger pockets, real estate guys, best real estate investing podcast with joe fairless, and the rich dad podcasts should also provide a bit of education, mindset preparation, and inspiration as well. Best of luck to you. How long have you been a RE agent? How many transactions have you done as an agent?

Very interesting about 3rd Ward Cody L. & Daniel Fierros Could be some opportunities there. I too would love to hear a bit more about the drivers there.

Jessie Nunley just keep educating yourself and moving forward wisely. I remember when I purchased my first rental property, a family member asked, "Why would you do that for only a few hundred dollars each month after you pay expenses?" I briefly explained a couple of the reasons and that "oh yeah, not to mention that the few hundred dollars per month that you're asking about equates to about a 10% cash on cash return. How many of the stocks that you own pay you a 10% annualized dividend and also have a very high probability to increase in value over time on top of that?"

I'm looking for recommendations from the Houston BP community on local single-family property managers. I have a rental in the Copperfield area that I am considering turning over to a property manager (I have been managing myself up to this point). Also, if anybody has any good pointers on expectations and what to look for/ask when looking for a good property manager that would be great too.

Mine has done this same thing for quite some time. Using iOS app