All Forum Posts by: Kevin Kraver

I'm a CA resident looking at putting rentals from multiple states (including CA) into a DST. I'm wanting the series asset protection and to avoid the $800 CA LLC Franchise Tax. However, I am getting some conflicting information about DSTs. I have heard that they are easily scalable (i.e. I should be able to add new properties as I scale my portfolio). However DST is also described as holding long-term and/or passive investments, it is not for an active real-estate business. I came across these '7 deadly sins of  DST' which seem to suggest that I would NOT be able to, add additional equity, refinance or add additional mortgages, renegotiate leases (i.e. increase rent). These rules are written from the perspective of investing 1031 exchange funds into someone else's DST. If I establish my own DST (and do not accept outside investment) are the rules different?  

Anyone out there using a DST have issues with regular real estate activity such as increasing rents, refinancing, upgrading, adding properties to their portfolio? Thanks!

Thanks @Jonathan Minerick for the detailed (albeit biased) response. I have reviewed many of the Yelp reviews and see your name popping up with many favorable comments. 

If I end up going with Homecoin or other flat fee service, I'll update this thread as it plays out. 

Hi all - I am considering to sell my townhome for-sale-by-owner (FSBO) using Homecoin or potentially another service. Wondering if anyone on the forums has used this service and can comment on their experience. Thanks!

Focus is my roadblock at the moment. I seem to be suffering from shiny object syndrome. Lots of markets and strategies seem really compelling to me. Just need to focus on a market and start testing with a team there. 

Any recommendations on strong BRRRR markets or ideas to help me narrow my market focus? Thanks!

Glad to see this thread is still going. I spoke with TJ several times. I was extremely impressed with him and considered him to be very trustworthy. I like the model, but in the end, I have not moved forward with Aurora because I deemed the waiting period from purchase close to rehab complete tenant placed to be pretty long. Something like 6months.

@Vera Herlihy @Eduardo Arteaga curious what your experience (wait time) has been like for deals that you did close with them. If they figure out how to tighten it up, I would jump back in. 

@Nadia Alrawi Thanks. I'll private message you for the handyman recommendations. 

Can anyone recommend a fairly-priced painter in Santa Rosa, CA? In the past, I have hired local handyman and it was good enough at a very good price. Now I am out of the area and my property manager is getting bids from painting contractors at $5000 for a 1300sqft condo. This seems extremely expensive to me, especially when the new tenants are just going to start putting nails in the ways on day 1. 

What is fair price for painting in California? 

Property manager seems to want me to pay more to make his job to find contractors and place tenants easy. Maybe you can also recommend a new property manager. 

Thanks. 

Shopping for HELOC on primary San Jose, CA primary residence. I have one lender at Prime but has a $250k Max. Anyone know of banks that will go up to $350k (85% LTV) or $400k (90% LTV) ?

I own a SFR in Santa Rosa, CA. Presently looking for new tenants. I have a qualified application from a women who intends to live there and run a daycare business out of the home. Does anyone have any experience renting to a daycare provider? Would you do this again? What are the problems I should expect, etc? I believe I can ask for higher rent and deposit, but wondering if the risks are worth the added income.

I'm reaching out to my insurance carrier to understand if my coverage needs to change. 

Thanks for the help. 

Kevin

Hi all, I am an out of state investor looking at opportunities in Pittsburgh. I was referred to Aurora Real Estate Investing Services as a turnkey provider. Anyone work with them and can share some experiences (good or bad)? Any other Turnkey providers that you might recommend?

Thanks!

Kevin