All Forum Posts by: Julie Shepard

Hi Ryan, 

No, I did not.   I am using someone local who can answer specific questions and file my return, but certainly not forward looking real estate tax strategy.  I do research and then ask the questions.

Good luck and let me know if you find a forward looking real estate tax specialist.

Hi All,

Can anyone recommend a great tax planner/tax preparer who understands rental property, 1031 exchanges, etc as well as general overall tax knowledge?

A South Bay/Peninsula referral would be the best.

Thanks!

Hi All,

I live in the Bay Area and am looking for a multifamily for a buy and hold and am looking into Sacramento area (among other CA areas)  due to Bay Area/coastal returns...I am not interested in Section 8 and have not found anything above a 5-6% cap rate in Sacramento thus far.   I am willing to fix it up and matter of fact prefer this, depending on the needs.  A broker sent me several listing in Yuba CIty,  but I would prefer to stay inside an area with  a larger economic base.  What would folks  recommendation?  I appreciate all responses.

Thanks!

Hi All,

For due diligence of certain addresses/ another BP member mentioned www.homefacts.com on a posting today.   I looked it up and it looks great...just type in the address, it give crime statistics, school ratings. etc., so that should be helpful in your neighborhood analyses.  Seems very useful

I am also interested in Sacramento and a broker mentioned Yuba City to me the other day.. I prefer areas that have a population of at least 500K, but I said I would consider it.  I would love to get folks thoughts on this area for a multifamily purchase.

Thanks! 

Hi - I just reviewed Norada's website today today- do you mind disclosing which state you decided on?   Pros and cons to many of the locations.   I do plan to visit before I buy. I  also liked some of the new construction properties on their website which had positive cash flow.     

BTW,  outside of LoopNet, does anyone know where is a good place to look for larger apt. complexes  (more than 4 units)?

Thanks!

Hi!   I am new to BP and live in CA, although I am not new to investing I am looking outside CA and maybe inland CA for better cash flow at this point.  It is hard to own properties out of state for those of us that are hands on type of owners tho.

Regarding 1031s, I have done several 1031 exchanges and one option which has worked well for me is to do a reverse exchange, meaning you buy a property  (assuming you have the cash and can obtain a loan) and then you have 180 days to sell your existing property.  This frees up the time pressure.   I have also done forward and reverse within the same transaction, meaning I bought a property, sold my more expensive existing property with 180 days, and then identified another property to buy within 45 days with leftover monies from my property sale.   It was a tricky transaction, but it worked extremely well.  You need to have a good 1031 exchange accommodator and tax advisor and follow their instructions to the letter.  Check it out and good luck!

I would like to attend.

I have looked at some of these areas, but I am looking for 8% - 10%+....which is hard to do even in those areas mentioned.  Bakersfield has 10%....but the assets are B and C.   I am interested in Class A properties and a population of 500K or more.

I also am interested in remodeling an undervalued asset if I can find a good deal which are hard to come by 

I live in CA but want buy and hold income property with good cash flow. What cities/states make sense right now?