All Forum Posts by: Nathan R Andersen

These are the stories that belong on bigger pockets podcasts. IDGAF if you're hard to understand or have a speech impediment, I want to hear more details about this and everyone should hear stories like this. Dude, I'm super proud of you. 

Arthur, we're having a meetup in Victorville April 15th in the morning. If you're interested in coming, send me a message and I'd love to also walk you through details of the the deal. 

 I am in the high desert (AV, Hesperia, Victorville area as well) and have started a meet up. If either or you would like an invite hit me up! 

I'm looking to setup an oddly structures partnership where one person begins as the complete owner, gets all profits until the investment is paid back, and then transfers 3% equity to the other partner per year of property management that they contribute. 

I have most of the details ironed out, but I'd love to sit down with an attorney to see what I'm missing and to legalize the operating agreement for our LLC formation. Any suggestions for California based lawyers to work with?

 Oh you’re talking about tax sales, not purchasing liens with a redemption period then right? Like California does tax sales once the properties are delinquent for 5 years. 

@Tyson Begly

Where are you doing tax liens that people end up not paying? My understanding is that most eventually pay when it is their home.

I thought it was great. There is a revised version updated to 2017 which is great. 

I would say it is an amazing book and you have to take the information and understand how to apply it. Not everyone's goal is the build a massive corporation and take it public to become the next Bill Gates, so you have to find the nuggets and apply them in your own life. 

I would also advise listening to the information about doing things personally and taking control of things like your personal income statement and balance sheet. Unless you're doing this the rest of the information is of significantly less value imo.

To answer, definitely worth reading and highly recommended. 

If you have any clients looking into it have them reach out to me and I'd be happy to walk them through it. 

I live in SoCal and just bought a rental property. When I look at other posts about solar they definitely don't apply to us. 

I would highly suggest getting it. A PPA isn't a problem unless people are uneducated about them. We bought the house with a PPA 8 years in to a 20 year agreement. It was a seamless transition and we're only paying $0.18/kw instead of the tiered time of day system that would murder our cashflow. 

@Tyson Thompson

Maybe not to determine vacancy %, but you can build out a como list in your area and find which types of properties are not currently available and why. Where I live there are rarely places that allow pets available for rent. Also mother in law suites and private bath are not as available.

Iso g this info you can better determine projected vacancy based on factors you can control on top of the fact that you could have other amenities or the best presentation that would help minimize vacancy.