All Forum Posts by: Kenneth Kussman

Irving is a good market to invest in.

Not sure if I can mention books. I was wondering if anyone has read :

Investing in Real Estate, 6th Edition - By: Gary W. Eldred

I have the audio version and it's one of the most informative books I have come across. Was curious if anyone else has read or listened to it, and if you have what is your opinion on the content.

What little experience I have, It's easier and cheaper if you leave enough of the house standing and build out from that point than to start from the beginning. In California, it was for me. I bought a house that was built in 1928. Thought about demo'ing and start over but it was more red tape and more costly.

Maybe your situation is different with different building codes.

I have a rental in Irving, TX. -it pays for itself.

I want to Fip houses now but I need the equity in the rental to start.

How is Irving, TX at this time for flipping SFR at this time?

Just looking for opinions or experiences on or about the Irving Texas market.

I have a new rental. it's my first and only rental property as of now. I do have a full-time job as well. I am going to talk to a real estate tax specialist soon, but the question I have right now is this.

-Do I need a special business entity for this rental, or can I just leave it as is, which is in my name 

-For tracking and separating income & expenses for the rental from my personal, is it good enough to just have a separate checking account and credit card dedicated to the rental?

Of course, I will also keep all receipts connected to the rental. But can I leave the house in my name and have a separate personal checking account and credit card dedicated to the rental good enough for now. 

It's an SFH and currently rented. It was my residence for 5 years, but I moved into a new home at the beginning of the year.

Any Opinions? Or do I need to wait to see a tax specialist to decided?

Thanks

That's impressive.

Need real estate tax planning services in the Dallas Texas area

I would look in Dallas Texas area. 

I moved here from So. California and glad.

If your looking to just invest but keep living in So. California,  I think Texas has a lot to offer in that sense as well....... good luck

What is the impact of all the new home developments in fort worth?

Is it lowering or increasing the value of property or rents in the older existing communities?

The new home prices in the new communities are very high.

When you have so many new homes being built is it a good place to invest?

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It was my primary residence. I have since purchased a new home and have rented 3 of 4 rooms out, which covers all expenses and earns me about $150.00 / mouth, so I consider it investment property now,  but I want to invest in multi-family.

Don't want to spend money selling with a Realtor. I would rather just hold on to it and continue to rent it out.

So I was thinking maybe 1031 would be an option. Unfortunately, I am not very knowledgeable about 1031 sales. It's something I would need to take some time to learn and understand.

Thought I would just ask if it was even an option.