All Forum Posts by: Andrew Harris

Originally posted by @Daria B.:

@Andrew Harris thanks I was looking for something like this several months ago. I may see what I can do in my "spare" time now to play around with it and see what it yields.

Nice. Would be good to know if there is interest in this spreadsheet. I would be interested in trying to put it in a mobile app with my spare time. I also would like to add functionality to scrape additional owner information from county property tax websites.

Check this out... https://www.scrapehero.com/how-to-scrape-real-estate-listings-on-zillow-com-using-python-and-lxml/

@John Zadroga Check this one out. I would like to add onto it to pull data about property owners from the county assessor also. https://www.scrapehero.com/how-to-scrape-real-estate-listings-on-zillow-com-using-python-and-lxml/

@Levi Bennett 

Would you help me to find a VR? Looking for resort style community condo or SFR. I stayed in Haynes City once and really enjoyed it.

Hi Matt, 

What kind of deals are you getting into?

Self-directed IRAs... yes, you can do it... but it is filled with hazards if you don't do it right. The biggest risk is "self-dealing" and can get tricky when you have a leveraged investment and if you intend to self- manage. My opinion is I don't like them, but I'm sure you can find others who do. Review the link to the BP article if you are still interested...

https://www.biggerpockets.com/renewsblog/2014/06/0...

Andrew

Hi Nahomie, welcome to BP!

What do you want your CPA to do for you?  As a CPA myself, I can tell you there are many reputable CPAs out there each with there own niches. You want to find the CPA that will best fit your particular goals and investments strategy. 

You can find CPAs that will help you evaluate deals, do compilations or reviews of financial to secure financing, tax planning, or just keep your books. You can also use then to find deals, perhaps they can connect you with a client that is looking to divest.

Bottom line is if you can define your goals, you will be able to better identify the people that will help you to be successful.

Andrew

Ok, great thanks! Yes, I'm planning on going.

Nice, when is the latest that I could register? 

Short answer is that it can vary widely depending on the neighborhood, number of units, ect... I have been studying the Twin Cities multi-family market since the start of this year and there is still way too much to learn because the Twin Cities has a lot of diverse areas. That is part of the fun of the Twin Cities.

I'm currently looking at a 4plex and a 5 unit apartment. Cap rates on those are 4-8% and I think the selling price will be somewhere between 50-70k per unit. I might be more conservative than most though when calculating cap rates.

How are things in MI?

Sounds tricky from a federal tax standpoint... make sure you are very comfortable with the tax implications. Implicatons could vary widely depending on the details of your situation.