All Forum Posts by: Justin Brin

In the past few years I didn't aggregate my properties for QBI but this year I decided to do so. Especially that I worked more than 250 hours on my properties this year. Is that OK to change between no aggregate to aggregate ?

I also choose QBI safe harbor to reduce audit risk.

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Quote from @Jackson Harris:

Quote from @Justin Brin:

Quote from @Jackson Harris:

Hi Justin, first off this is great and I'm glad you're looking at these trends before going forward.

I'm in Phoenix and obviously you can see that there are so many people moving from the west coast states out here to a cheaper and better weather market. I see it all the time, I did it myself moving from Seattle!

I think over the foreseeable future we will see this continue due to rising prices in those markets like California and New York. Definitely some cause for long term concern, but this also can give opportunity to other investors that are willing to invest out of state or more people moving to other states like AZ and TX with long term appreciation in these markets.

How is the appreciation in Phoenix? I guess they have more land to build there so it might reduce the appreciation there?

Consistent growth year over year. Past few years there's been more expansion and development in the outer areas like Queen Creek, but those areas have appreciated even more than phoenix/scottsdale.

Based on how many people have moved here from other states (specifically California, Oregon, Washington, and then a few areas like NY/NJ) along with the amount of redevelopment projects and the chip factory that was put in - I think there will be further appreciation for the foreseeable future.

Will Phoenix economy be depended on this chip factory?
How much more can Phoenix expand? Is there lots of land around Phoenix to build on?

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Quote from @Jackson Harris:

Hi Justin, first off this is great and I'm glad you're looking at these trends before going forward.

How is the appreciation in Phoenix? I guess they have more land to build there so it might reduce the appreciation there?

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I created a heat map showing the population changes in each state over the past five years (2020–2024).

The states experiencing the largest population increases are Florida, Texas, Utah, Arizona, and South Carolina. On the other hand, the states with the most significant population declines are New York, Illinois, and California.

For Real Estate investors. How do you think these trends will affect them in the states with declining populations? Should they be concern?

And how might they impact the investors in states experiencing substantial growth?

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Quote from @Marc Shin:

What's the best / easiest way to find comps on a property?

You can also try Redfin.com

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Quote from @Marc Prado:

Same here. Having a hard time finding a company. These NonAdmitted companies seem sketchy.

I do not think they are sketchy is just that they do not go by all of the state regulations and they might charge you a cancellation fee or increase rates more often.
They still need to have license.
The only disadvantage that I'm aware of is that if the insurance goes bankrupt then the state would not step in and pay you if the state has any money left.

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Los Angeles County, California

Hi @Chris G., I'm wondering doesn't it need to first go through court?

Any landlord that thinks a tenant owes him something can file a collection and mess up their credit?

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Quote from @Erik Estrada:

Quote from @Justin Brin:

Have you had any luck finding landlord insurance in California?

Who would you recommend I contact to get coverage?

It's been a nightmare getting insurance in California over the last 2-3 years. What do you suggest?

Hav you tried Obie or Elmsure?

Do you know if Obie is an admitted carrier ?
I checked online regarding Elmsure. It seems like their reviews are not that great. Do you know how are they?

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Los Angeles County, California

All Forum Posts by: Justin Brin

Justin Brin has started 29 posts and replied 162 times.

Post: QBI - Can I switch between years how I aggregate my properties?

Post: QBI - Can I switch between years how I aggregate my properties?

Post: QBI - Can I switch between years how I aggregate my properties?

Post: Where is everyone moving to?

Post: Where is everyone moving to?

Post: Where is everyone moving to?

Post: what's the best way to find comps

Post: Any luck finding landlord insurance in California?

Post: Sending Tenant to Collections Without Application?

Post: Any luck finding landlord insurance in California?