All Forum Posts by: Michael Cunningham

I bought 5 units in center city Allentown last year. So far, it has been difficult. Between multiple evictions and tenants damaging the property, I think it is tough to invest in the area without significant financial resources to deal with these issues. On paper, we should be cash-flowing a decent amount each month. In reality, there is always an issue each month that requires us to put in more money. I think the suburbs might be a better option unless you are willing to put in significant money to deal with difficult tenants.  

@Michael Maslanka Enrique Sanchez’s office in Murrieta is great. They have handled my law firm a f personal taxes for a long time.

@Miho Y. Temecula doesn’t allow short term rentals within city limits. However, unincorporated areas like wine country do allow them.

@Thiago Zanetti the trick is to avoid owning entities that are not making any money. These prices are much less than we pay currently. The goal is to make a ton of money, and then pay a great CPA to do their job and reduce tax liability.

@Manav Wadhwa it’s really hard to cash flow with new rental purchases in Temecula. The price to rent ratio is low here. A rental here doesn’t make sense right now unless it’s an appreciation play.

@Caroline Siller Park City is an affluent resort area. I’m not aware of any turnkey providers operating there.