All Forum Posts by: Julia Bykhovskaia

@Greg Kasmer Hi - sent you a connection request with my contact info :)

@Cheryl Schuck Thank you! Sent you a connection request with my contact info :)

Considering a MF flip in North NJ - 10-15 residential units with some retail. Looking to connect with others who have done the same; interested to learn about financing, leasing, general market conditions and how the business has been. Potentially open to partnering. 

For large multi, you need to first educate yourself and remember that you need to partner with others to start. For others to want to partner with you, there should be a reason for them to want to do so. As such, think about what is it that you can offer:

- can you underwrite deals well?

- do you have time to tour deals?

- do you have established broker relationships or can form them quickly?

- can you raise capital?

- do you yourself have capital for full/partial earnest money deposit?

- do you have net worth you can offer - required for MF loan?

Once you can identify what you can offer, I would network as much as I could (conferences, meetups, coaching programs) and proactively offer yourself as a potential partner on a deal. 

Definitely strategically partnering with others who I could "borrow" credibility from. Finding the right partners. 

Thank you @Taylor L.! So she's hourly, not full time? I thought onlinejobs.ph was full time mostly. Thank you for sharing!! Hope all is well :) 

Hi fellow investors!

Curious if those who have already hired virtual assistants for asset management could share their experiences. 

- What work do you have them do - what KPIs do they track on a weekly basis, what charts do they prepare?

- Do they do market surveys? 

- Where did you hire them? Upwork? Somewhere else? 

- What's the going rate? 

I currently organize the info myself but looking for help with data-entry like tasks at least. Curious what others are doing. Would appreciate your insights! 

Thank you very much, 

Julia

Everyone says that real estate investing offers incredible tax benefits to investors. Is it really true and if so, what are those tax benefits? We are delighted to bring to you Ted Lanzaro, a real estate tax expert and the owner of Lanzaro CPA, LLC a boutique CPA firm specializing in accounting and taxation for the real estate industry. We will be discussing most commonly used real estate tax strategies and will answer frequently asked questions from the audience.

Ted Lanzaro is a Certified Public Accountant, real estate investor, real estate broker, author and speaker with over 29 years of real estate tax consulting and investing experience. He runs Lanzaro CPA, LLC a boutique CPA firm specializing in accounting and taxation for the real estate industry. For the past 29 years, he has helped thousands of real estate business owners, entrepreneurs and investors all over the United States implement cutting edge tax strategies that save them thousands of dollars annually on their taxes.

Mr. Lanzaro is the author of “The Tax Smart Landlord” and “The Tax Smart Landlord” toolkit as well as over 100 articles on taxation for the real estate industry specifically for investors, landlords, "flippers", and developers.

Ted is a sought after speaker and has spoken all over the United States to groups of real estate investors and business owners on the taxation of real estate.

For more information about CPA Ted Lanzaro, you can visit his website at www.lanzarocpa.com.

What we are going to cover:
• Tax benefits of real estate investing
• How to save on your W2 taxes if you are married and your spouse is a Real Estate Professional (and what IS Real Estate Professional Status)
• What is "bonus depreciation", "cost segregation" and why you care
• Mistakes investors make that cost them thousands on taxes
• How to invest to get the most tax breaks
• Tax deductions that you could be taking but are missing out on
• Clear action steps you could take today to reduce or eliminate your taxes
• How to use Self-Directed IRA to buy real estate
• What is 1031 Exchange
• Secrets that the wealthy use to never pay taxes
• Q&A session with author and real estate tax expert

You can add 25 or 27 age minimum to the listing, say there’s $1,000 fine if there’s a party and any of the neighbors complain, and say that you use noise monitoring device (NoiseAware or other). This will take care of most of them... 

While no one can predict the future, there are a few data points to look to. All public REITs reported in May for example, their exposure is typically Class A /B+ and they all reported April rents for new leases being down generally 2-4% YoY. CA also had higher delinquency too from what I remember (has more to do with willingness rather then ability to pay - “Rent strike” ideas are gaining traction; NY has the same issue). As such, underwriting negative rent growth for year 1, higher delinquency and higher vacancy (people moving in together to save on rent) is not unreasonable and in fact is the only prudent way to go about it.