All Forum Posts by: Kat N.

Thanks so much @Carl Fischer @Chris Seveney @Lance Lvovsky and @Chris K.!

@Lance Lvovsky & @Chris K.: Inbox both of you!

Best, 

BP nation! 

It is about the end of the year, and certainly tax is important (as yes, Holiday is important too :) ...) 

How do you work with Attorney and CPA? Do you consider attorney & CPA is your "core team" that they know ins and outs of your business? Or do you consult attorney & CPA deal by deal and pay hourly basis? (And you consults different attorneys & CPAs). 

Last but not least, I am looking for some recommendations of attorney & CPA, preferably in the Bay Area (but I can work offline as well). I have worked with one CPA but would love to get more contacts. I haven't worked with any attorney yet.

Thanks so much! 

Best, 

Kathy

Hi all, 

Would like to get your opinion on the following 2 questions (red highlight in the floorplan):

Question 1: Which layout of kitchen & dining is better? Option A or B?

Question 2: I want to keep all of the sliding doors. I am thinking to close Door 1 (make it a wall) and keep Door 2. Any comments?

@Junior Soares Hi Junior, thanks!!! This is valuable information! I will check out to save paint cost! Any cost savings is very much needed :) 

Thanks @Denise G. @Matthew Paul and @Frank Wong for your advice! 

@Denise G. and @Cesar Pimentel! 

 thanks for the insights, especially the black countertop! I went to showroom yesterday and the black countertop looked really and almost ordered one! Luckily you guys caution me the stains! 

Hi Denise, the house is in Evergreen area and good neighborhood, but not luxury as Willow Glen Or Almaden! Price range is $1.0M-$1.5M (large area). I will consider vinyl plank as first option now ... Thanks! 

Best, 

Hello Biggerpockets community,

This is a standard flip house in San Jose (e.g average working couple can afford the house). I am at the finishing phase, and would love to get your all expert advice. Even if you can help with just one question, I will very much appreciate your insights! 

1. Landscape: we get the quote of $20K for stamp concrete. It is so expensive. Should I do deck / patio? I doubt that this investment will have positive return on investment. Any good practice for landscape of cheap price and bring value to the house?

2. Flooring: can we sell with laminate as laminate is the cheapest? Any trending color?

3. Kitchen appliances: any consumer-preferred brand?

4. Kitchen flooring: which one is usually better to sell? Tile or waterproof laminate?

5. Kitchen cabinet: this is also a big investment. I choose standard white cabinet with shiny black granite countertop. Any advice for sellable cabinet design? 

6. Paint color: Any paint colors (exterior and interior) that are easy to sell?

7. Stucco texture: Any preferred texture by consumer / buyers? I am thinking sand texture. 

8. Bathroom: should we do bath-tub or standing shower?

Thank you very much, 

Best Regards, 

Kathy

@Aaron K.: I see. Well all I have is agents send me some deals with cap rate of 5-6%, and some properties on Loopnet is listed at 5-6%. I might have not done enough research. 

@Caitlyn Hummer

@James Wise

Thanks for replying. I do see myself investing in passive properties as it is the true way for freedom. Let me research a little more and I will reach out to you personally shortly. 

@Sean Carroll: Yeah I live in San Jose as well. Let's meet up then! I will private message you! 

@Aaron K.: Thanks so much! I think because investors betting on the appreciation of property in Bay Area, thus they are okay with 5-6% cap-rate. I have a rental property overseas (in one of the finest city in the world), it is very similar situation like Bay Area - high price, low cap rate. I just sold it off but it the appreciation is not there after 7 years holding it. It is hard to see long-term trend ... 

@Caleb Heimsoth and @Thomas S.: Can I have follow-up questions? How do you do due-diligence on the out-of-market investment? Do you fly there before buying the properties? Do you use turnkey companies or you just go with separate agents and PMs? I am entirely new so appreciate your advice!