All Forum Posts by: Pauline Choi

@Allen Wu I am also looking for CPA in Southern Orange County, California for my short-term rental out of state. 

@Mark Frattini and @Peter Mckernan would you mind sharing your CPAs information with me? Thank you

Please advise if we have primary in CA and STR out of state, do we work with CPA from CA or the state that the STR is in? Do you have recommendation for CPA experience with out of state STR? THank you ahead of time.

@Joe Garretson 

@Kayla Givens

Thank you for taking the time to provide the information. Very helpful.  We submitted the inspection proposal and will go forward with it.  Thank you BP community. The best!

I am from out of state and buying a house around Denver, CO and the radon came back at 6.2. Mitigation will be done.  Does it affect the resale of the house in the future? 

Congratulations! :)

@Osazee Edebiri

I am a newbie here on BP. I can speak from experience living in Southern, Ca. I have been living in Southern Ca.for over 20 years. I can say I will not move out of California. It's been wonderful to buy and live in Irvine, Ca. The weather is amazing, we have 360 days outdoors. We are active people and love to enjoy the outdoors. We are 15 minutes from the beach, 10 -15 minutes from tons of trails to run, and 30-40 minutes to the mountain in the winter. Our first home in 2001 @ 425K and sold in 2006 for 800K. We were waiting for the bubble to burst in 2008-2011, which did not happen in Irvine, Ca. We decided we better buy again. We finally got an offer accepted after we had offered 8-10 homes. We bought 550 K in 2011 and sold 657 K in 2013. In 2013 bought our primary home 890K, now estimated at 1.8 mils. We love the appreciation in Southern Ca. In 13 years and with the luck of the market during those years we went from 425K to 890 K home. I am not sure of other areas but Southern Ca has an amazing appreciation. My friends are all holding their investments in Southern Ca. When I talk to my neighbors it seems everyone got at least 1-3 properties in our areas and is not selling them anytime soon. We are very late in RE investing but now we are ready. The numbers just don't make sense to buy SFR now and rent it out with the current interest rate and high market $ in Southern Ca. We are looking outside California at this time. We wished we learn RE investment sooner, we would have been able to get a few properties in Ca with the equity we have on our current home. We are hoping our oldest daughter will go to San Diego for grad school next year (but her first choice is San Francisco) then we will buy a small place there for her to house hack and can buy with her as a first-time home buyer.

@Milan Vemadi How did you get to do STR in San Diego? Did you make it in the 1% lotto?

No. No. No. Be picky about who you rent, once you get them in it's harder to get people out and much more headache than losing another month or two of rent and looking for a good tenant.  Usually, government, healthcare, and educators tenants are good with solid W2 and track records. 

Hello Everyone,

I have the love for real estate for many years.  I am ready to be an investor and plan to look for a first rental property.   I was outbid over 15 offers earlier this year.  I am taking a step back now to learn more and patiently looking for an investment.  I have a full time professional job and plan to get a real estate license.  I am searching on this site to see any recommendation for online class?  Thank you.