All Forum Posts by: Madhan S.

I have invested with Open door capital (Brandon Turner) in two different projects - Array at Austin and Cypress at Houston. Both of them have had poor results and stopped monthly distributions since June this year (they had projected 6% and 8% CoC). I am disappointed in their results due to poor NOI and I believe they didn't do a decent job in due diligence prior to purchase. Hope NOI and CoC will improve in the near term, until then avoid putting any new money.

5 Votes

Hi,

Currently, I manage my rentals myself. Do I need to QCD them to a LLC? Or do I need separate LLC for each rental? Any pros and cons? Even with LLC, can I still do taxes in 1040 Schedule E?

0 Votes

Does anyone know which bank will give HELOC for rental property?

0 Votes

Hi Jonna,

Let me know if you have those numbers for duplex/4-plex. Thanks!

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BTW, is 1031 going to survive? I heard Congress plans plans to remove it.

0 Votes

Originally posted by @Account Closed:

@Madhan S.

Have you run the numbers to see how things would cash flow here in Boise? That would be my personal first step. Perhaps a duplex or four plex depending on your goals. Properties have spiked here as well but rents have too and the vacancy rate is low. Not sure how property taxes work in Phoenix compared to Boise. My non owner occupied rate is about 1.5% of assessed value. If you look at any of the multi family that are part of an HOA be sure to check the HOA fees as some can run quite high, especially those with a pool and club house.

Hi Tom,

Thanks for your guidance. I did the math assuming 1031 exchange. For SFR, I will have similar cash flow in Boise assuming NO monthly property management. But I will be at close proximity (no need to fly) to the property so have better control during tenant turn over/vacancies. I don't have numbers for duplex or 4-plex. Do u know someone for that?

0 Votes

Hi,

I am a long distance landlord located in Boise ID. I have a property SFR in Phoenix area which is currently rented out. It cash flows $450 per month after management, mortgage, taxes, insurance but excluding maintenance & vacancy. Since the prices in Phoenix have risen quite a bit, I was wondering if it would make sense to sell the property and take the cash to invest locally here in Boise. Any advice or further questions? Thanks.

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Hi,

Does anyone know good appraisers in DFW area. Specifically in the South Arlington region would be great. Thanks!!

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Hi,

I am planning on doing 1031 exchange on one of my investment condo's and reinvest in another area. Any ideas on:

1. Which potential areas to invest? I live in LA and was thinking of AZ or TX.

2. SFR vs Multi-plex approach?

3. Can I buy 3 properties while selling only one using 1031 approach?

4. How about commercial? Considering the high market in residential...

0 Votes

All Forum Posts by: Madhan S.

Madhan S. has started 4 posts and replied 9 times.

Post: Anyone has invested with Open door capital? How was your experience?

Post: LLC for buy and hold rentals?

Post: HELOC on Primary Residence vs. Investment

Post: Rent or sell

Post: Rent or sell

Post: Rent or sell

Post: Rent or sell

Post: Appraisers in DFW area

Post: Investment options