All Forum Posts by: Leona Usaty

@Mary Jay Is there a reason you're not taking this to a CPA or Tax accountant?

You're asking questions that show you have too little knowledge to do this yourself. No offense, but you could wind up paying way more money to get out of trouble than you would on a professional....

Thank you!

Hi, I am interested in starting my real estate journey. However, Just like most people I do have low funds for this type of endeavor. Yet, i know theres a way around this. I have been doing my own personal research on this matter and came across a few things; such as FHA loans, possibly leveraging my good credit score to get business credit and then use it as a down payment on a property, ofcourse hard money lenders, air bnb, and e.t.c... My question is what would be the best way to start out where i can obtain a multi family home with little to no money down and risk the chance of being in debt. Please help! Any advice would be greatly appreciated.

P.S i do work, but the funds i currently have just isnt enough.

Hey guys, complete newbie here. No experience in real estate whatsoever & I heard about house hacking as a good start. I live in Los Angeles & need help with knowing where to start. Any info will be greatly appreciated! 

I am researching CT area not familiar at all with CT, still confused where to buy my 1st Multifamily,

What steps do you take when you go into a new or neighboring state which you never invested before to make sure you invest in the right area.
what tools, qualifying buying criteria's you set for buying a multifamily  

I'm an experienced GC and am looking to transition my company more towards creating our own projects...planning ahead as I feel the construction industry will tighten a bit based on how expensive money is becoming. Finding and doing my own deals is a natural progression with my skill set.  I was hoping to chat with some investors that have strong experience that do multiple deals per year about their experience. I'm based in Los Angeles, but would be grateful to chat with anyone in any market.

Chris

Hi Guys,

If we received  36 k as a rent  on a house located in California . Mortgage was 24k. The repairs were minor, so it’s negligible. How much would our state taxes be? (My husband keeps waiting for the bill from the state of California , but I keep telling him to just pay it . We need to pay it for the last two years)

Thank you

Do home inspectors provide a scope of work on fix and flip?

“More valuable homes are likely to cash flow less, if at all, than lower value homes”

I hear this repeated a lot and haven’t yet heard or found the explanation. I assumed that more valuable homes would simply have much higher debt payments and taxes, but then I’ve seen the concept being talked about while referencing cash deals or various other methods of financing, so it seems the debt isn’t the main factor.

So why is it lower value homes generally cash flow greater than higher value homes?