All Forum Posts by: Paul K.

Hello, I'm new to BP and looking to find an agent in the Sacramento, CA. area.  Does anyone have a good agent they can refer to me?  

If not, any recommendations on ways to find a reputable and good agent to work with to help a novice RE investor get their first property?

Thank you in advance!

-Paul

I live as a tennant in SF and the landlord will be transitioning the property to his kids. His kids want to sell the house, yet they don't know the condition of the property. I have lived here for 8 years and the place is completely falling apart, ie electrical, plumbing, black mold, etc.   They have proposed $3mm to my neighbor, but the place is probably worth closer to $2mm and needs about 300k of work. 

Im debating putting an offer down. Any suggestions on what I can do to relay information about the condition of the property?  Should I get an adjuster to come assess the property?

Thank you in advance for any insight. 

Hello,

I have a question about the best way to structure this long term rental real estate deal.

My brother-in-law found the property, has little capital, and does not have the capability of pulling another loan out.

He is asking for me to go in on it with him(we have done deals in the past), and I would need to apply for a loan and pay mortgage under my name.

We're putting 20% down, planning on splitting that.  Then the rest we are not sure how to structure.

I pay the mortgage, collect payment from tenant with around $400 surplus over mortgage, and give brother-in-law $200?  

Any advice on best way to set this up so it's fair for both parties?  

I'm new to this so any guidance would be greatly appreciated 

Best,

Paul

I am relatively new here but any suggestions or direction would be greatly appreciated.  

I sold my vacation rental in July, doubled my investment, and now have a decent amount of cash that I'm not sure what to do with.  I was in a career transition during that time and I have missed the window for a 1031 exchange as nearly 3 months have passed.  Is there any way to invest the capital gains so as to avoid paying too much in taxes?

Does anyone have any suggestions/direction of what to do with the cash in such an expensive and competitive market? (I live in San Francisco)

Thank you for any comments, suggestions and/or direction!

New to BP and this is very helpful, Thanks for sharing!