All Forum Posts by: Katlin H.

@Nicholas Aiola. Hello! I have a few questions.

1. Can I roll over profits (1031 exchange) from a flip project to the purchase of a rental property like an RV?

2. Am I able to/should I combine my rental properties into a single LLC? I reside in Ca and they (2) are in AL.

3. Would I be able to add an RV to the previously questioned LLC as a short term rental as well? Even in different states?

Thanks,

Katlin

I am also confused as to what are the main fees? I'm sure it depends on the deal but I'm also looking at Condo in Lahaina. Would it be The lease rent+ HOA in addition to the mortgage and possibly management fees of 20-35%? I having trouble seeing how any Kirby is made on the type of deal.

@Curtis Rouse Jr thanks for your response. Your numbers seem to be a lot higher than everything I’ve seen for a 6 plex. I will be receiving the specifics today to plug in. 

@Jason D.  that’s the plan, I was just wondering if the BP calculator wasn’t taking into account the entire picture since the numbers are displaced. I would have a PM. The property is a complete rebuild so repairs/Maintenance is minimal currently and completely occupied.

It is a 6plex mutifamily property. I looked at the mls and the online info and the expenses were not itemized. It only listed expenses and utilities, but not responsible party.

Hello All, What is your work around for your initial analysis of a property when all the expenses are not available? For example purchase price of $324,900 Gross Income:$49200 Expenses: $8000 Net income:$41200 Cap rate: 10.4% I input the expenses into the calculator in a way that divides the $8000 by 12, remove all other landlord expenses except management (10%) and received this result: CF: $1640.44 Exp: 2459.56 CoC ROI: 19.99% Monthly income : $4100 Does this seem right or am I missing a step. I could not input the expenses correctly and separately as I do not have the itemized expenses, only the gross expenses. Thanks in advance, Katlin H

Hello All, What is your work around for your initial analysis of a property when all the expenses are not available? For example purchase price of $324,900 Gross Income:$49200 Expenses: $8000 Net income:$41200 Cap rate: 10.4% I input the expenses into the calculator in a way that divides the $8000 by 12, remove all other landlord expenses except management (10%) and received this result: CF: $1640.44 Exp: 2459.56 CoC ROI: 19.99% Monthly income : $4100 Does this seem right or am I missing a step. I could not input the expenses correctly and separately as I do not have the itemized expenses, only the gross expenses. Thanks in advance, KatlinH

@Huiping S. @Nicholas Aiola I am interested in this question as well. 

Thanks:)

I would imagine you would then need to add the additional kitchens per unit and have it zoned for multifamily. Each city/state is different.

 I think the only other similar option would be to decided to rent out rooms specifically and use the rest of the house as common areas...

@Nicholas Aiola

You, sir, are a ROCKSTAR!

Thank you so much. 

@Nicholas Aiola

Hello again!

A few questions regarding a loan from my 401k for real estate purchases:

1. Is a loan from my 401k taxable?

2. Is the interest paid back tax deductible? 

3. Can I pull the loan prior to getting a deal and start paying that back now and do that yearly, no consequence?

4. In regards to RE pro, what’s the necessary proof that requirements have been met? 

Thanks in advance or your time and expertise!