All Forum Posts by: Xi Guo

Hi, always been told real estates are great way to reduce your taxable income; Would love to see what everyone is writing off other than the basic depreciation. thanks in advance!

Thanks for the responses!!!

And you all might've guess, I was still hung up on this deal. New findings, Two local property management companies has stop servicing this neighborhood. (Not good).

The good side, seller was able to provide supporting data for all tenant, 2 of the 3 tenant have stayed over 4 years and the third going to 2nd year.

Hello all,

I would love to hear everyone's opinion on situations like this, since I am still figuring out what my level of tolerability is for deals.

Have a potential deal with high cap rate (20%) triplex. Each tenant with recently renewed one year lease. However the neighborhood is supposedly one of the worst in the city. I drove by twice on Saturday during the day and night. 

Day: fairly lively since its weekend, kids are playing outside, saw a few grown men shirtless, walking around. Several vacant units in the neighborhood.

Night: fairly quiet overall

Another issue was that I was able to visit 1 of the 3 unit, it was poor maintained by the tenant. excessive trash & foul smell

I am thinking about speaking with a local property manager for their opinion, I would love to hear everyone's thought here.

Hello,

I am looking to start investing in the Gainesville, FL market. What are some recommended homework I should/can do to ensure specific location is worth while. Any tips and resources are greatly appreciated!

Hello everyone, 

My name is Xi (Zack). I am from Orlando, FL and I'm super excited to be here to learn with everyone. Would love to connect with some great people here online and locally in the orlando area.