All Forum Posts by: Mischa Talokonnikoff

@Ben Roberts perfect and thank you. I just connected, will send over my contact.

@Ben Roberts the flip seems to make sense. Huge return, then just rinse and repeat with another one since you will have capital. Are you really able to get $30kish properties in Memphis that rent? I’m in tampa, our market is a bit different. But wow, wouldn’t mind looking that route.

@Monica Oudenaarden

Would love to connect on a Canmore connect if you have it. Thanks

Was it just one of you applying or going together? If solo, try to see if you one of you co-sign for the other if it makes a difference? It worked very well for me in the past on a paid off property. 

@Sam Lenderman there are some priced buy and holds in st Pete. Sub 100k. Section 8 as well if you are interested in that. If you go that route, just be sure you drive the neighborhoods. St. Pete has lots of crime in certain south areas. But also lots of retirees in others.

Tampa proper prices are way up. Consider some of the surrounding neighborhoods.

@Sam Lenderman

Welcome Sam, also in Tampa. We have a strong market and have for years. I think you’ll enjoy the next steps. Let me know if I can be of help or you would like to connect.

Tell me more about BRRRR and taking commissions as the broker/agent on both sides of all new purchases. This would be obviously more profitable on all deals but also help safe guard and bad rentals or flips.

Is there anyone doing this and if so will you share some highlights?

@Scott Smith thank you this very detailed advice. 

@Rob Massopust yes I think I could. Lot of great condos down here that are affordable, easy living. Just I think its worth more having her in order and letting her have her space for what it is. I envision trying to move her and dealing with more of a headache/quality of life issue that prob isn't worth it. I'll give it a few more years til she really needs less to manage and then move her when necessary. 

@Colleen F. I was hoping that if I put the property in an LLC, I could deduct all the housing expenses of that property against my personal income, reducing my personal tax liability. But, I see that those expenses are deducted against the income of the property. So on my end, it seems that forming an LLC makes no difference. I am better off keeping the house in personal names, keeping the homestead and just realizing that it will cost some money as all bills do. Thanks for pointing this out. Im going to look into getting a large equity loan that I can get a SF for us and see what else I can do. Thank you.