All Forum Posts by: Sammy Lyon

This is so real @Kyle Pascual! So many "meetups" are just veils for the hosts who are looking to find investors for their next flip, syndication or coaching program. Sigh/barf! It's the same for podcasts too lol.

But yes totally agree with @Jeff S. comment, and also there were some really cool DIY bigger pockets meetups (like the South LA Bigger Pockets meetup which moved to Facebook groups) that are full of other investors who are just looking to connect, and not sell you anything!!

Unfortunately you gotta go to a lot of meetups to find the real ones, but you will find them, as there are plenty of us in LA that want to talk real estate without sales.

2 Votes

Los Angeles County, California

Quote from @Tal Tamir:

Quote from @Jennifer Carter:

@Tal Tamir I Go between LA and Cleveland because I grew up there. I bought some property and now I want to connect with other people to get a better sense of the market and to understand where the best places to buy might be. I'm super active in my other business groups because I also have another small business and just looking at be around like minded people.

Awesome! My good friend @Sammy Lyon is also in LA and has invested here in Cleveland as well. I am happy to chat about Cleveland and some areas as we know the market super well being investors ourselves and personally being born and raised in Cleveland!

I invest in Los Angeles AND Cleveland and it's been great for me so far! I live in LA and I'm a realtor now, and got my start in real estate in CLE. I don't regret any of it! @Tal Tamir just helped me sell a few properties out there and I got a good amount of appreciation from those investments too which was nice. Definitely buying under market and improving the properties (as others have mentioned on here) is important, and being super well-researched on the specific neighborhoods and development trends in Cleveland. I have bought all my properties sight unseen BUT I would recommend a visit to go check all the neighborhoods out and meet your team IRL before actually investing. My two cents!

1 Vote

Cleveland, Ohio

Quote from @Paul Dashevsky:

@Sammy Lyon

https://podcasts.apple.com/us/podcast/the-la-realtor-podcast/id1646497065

awesome just subscribed!

0 Votes

Los Angeles County, California

Nice! What is the link? I'm interested!

0 Votes

Los Angeles County, California

Quote from @Greg O'Brien:

@Sammy Lyon theres really only 5/50 states with non IRC conformity (CA MA AZ MN VA). Most mid sized firms service clients in all states.

I am in CA!

0 Votes

Los Angeles County, California

Quote from @Jacob Polin:

Thanks John, that's good to know!

I would agree also with @John Duston -- though I have out of state investments as well, my taxes are filed in CA, so it's helpful that I have a CA-based CPA. He can definitely file the out of state stuff, but in terms of knowing all the deductions, rules etc, it's better to work with a CPA in your home state!

1 Vote

Los Angeles County, California

Quote from @Orien Kuang:

Quote from @Sammy Lyon:

Quote from @George Red:

@Sammy Lyon I'm in the same situation if you're open to sharing the contact... picked up some investment properties this calendar year and will need assistance come tax time.

Sent! It was really helpful to level up, because my accountant before really only knew W-2 and bungled the Schedule E until I found this new one!

I am looking too if you are able to share with me too? @sam

@Sammy Lyon

of course. it's not cheap, but it's been worth it for sure as my investing and business becomes more complicated

0 Votes

Los Angeles County, California

Quote from @Kevin Tang:

@Sammy Lyon Sounds interesting! Could you please send me more information?

Of course. I called her again to double check and it's legit!

0 Votes

Los Angeles County, California

Quote from @George Red:

@Sammy Lyon I'm in the same situation if you're open to sharing the contact... picked up some investment properties this calendar year and will need assistance come tax time.

Sent! It was really helpful to level up, because my accountant before really only knew W-2 and bungled the Schedule E until I found this new one!

0 Votes

Los Angeles County, California

Quote from @Siddiq Mumin:

I acquired a couple of rentals and have a Retail business. Pretty simple. I'd like to have a CPA in Los Angeles county that is familiar with real estate investing (and all the tax deductions and benefits that come with it) to do my taxes .

Knowledge of business entities for real estate investors would be a bonus.

Any recommendations? And if possible, a ballpark cost for that CPA.

Thank you!

I have an amazing CPA who handles all my real estate returns. Happy to DM contact info.

0 Votes

Los Angeles County, California

All Forum Posts by: Sammy Lyon

Sammy Lyon has started 13 posts and replied 186 times.

Post: What's the biggest obstacle for finding real estate friends?

Post: What’s actually going on in the Cleveland RE market?

Post: The LA Realtor Podcast

Post: The LA Realtor Podcast

Post: JuLooking for a seasoned REI CPA

Post: JuLooking for a seasoned REI CPA

Post: JuLooking for a seasoned REI CPA

Post: DP minimums for Duplex in LA?

Post: JuLooking for a seasoned REI CPA

Post: JuLooking for a seasoned REI CPA