All Forum Posts by: Tom Dupree

@Rafael Floresta 

What areas of Philly do you like for cashflow?  I've started doing a little research on Philly and it seems like the vacancy rates are fairly low.  I agree ha it is more of a cashflow area where my expectation of appreciation would be fairly low.

Any thoughts on single family vs. a single family converted to multi-family?

I saw this story when it was originally aired on the news. The story definitely appeared to be one sided and lacked much research.

@Chris Martin has already done 10 times the research than was done for the original story.

@Chris T. @Jonathan Prewitt

Let me throw out that I'm not a lawyer or CPA and this is outside my area of expertise / knowledge. It appears that this might be the link to the full law (including strike-throughs where changes were made):

http://www.ncga.state.nc.us/Sessions/2013/Bills/House/HTML/H1050v6.html

Section 8.1.(b) is for Accomodation Rentals

Here are the Exemptions from this Tax (item #2 would appear to apply to buy and hold long term rentals over 90 days ... not sure what happens if tenant leaves early or gets evicted).

Exemptions.

I just finished reading the link from @Account Closed and here was a key note:

"The taxation of the gross receipts derived from the rental of a private residence, cottage, or similar accommodation for fewer than 15 days was previously addressed in the Important Notice: Tax on Accommodations (Revised June 14, 2012)."

The way I read that is that this is addressing rentals longer than 15 days. The June 2012 Tax on Accommodations was for rentals less than 15 days.

Welcome @Chenel Currence !

I recommend looking at the Triangle Real Estate Investors Association (TREIA). Great source for meeting other RE investors, hard money lenders, etc.

@Lance Lightner @Michael Jobe @Bryan H. - I'll be at the meeting tonight. Looking forward to learning more about buying notes.

@Forrest Heath III

Welcome to Bigger Pockets. I'm also a new investor in the triangle, and like several others have noted I recommend looking up TREIA.com. There's a monthly meeting for New Investors.

I'm looking for recommendations on a high performing Realtor/Broker that is knowledgeable about single family and Multi-Family properties (2 to 4 units).

I'm also looking for Property Management Recommendations.

Please let me know if you have any recommendations for experts in this geographic area (Apex, Cary, Raleigh, Holly Springs, Morrisville, etc).

I'm looking for recommendations on a high performing Realtor/Broker that is knowledgeable about Multi-Family properties (2 to 4 units).

Please let me know if you have any recommendations for experts in this geographic area.

Welcome to Bigger Pockets! Good luck in your search for cash flowing properties in Southern California and Dallas.

How did you decide on those 2 markets?