All Forum Posts by: Russell Sherman

Thank you for all the thoughts. I hope to have the settlement and title transferred to my name in late March and list the property in April.  I expect it to sell quickly and close by end of April.  I bought the property in the 90’s for $300k and expect it to sell for around $1.6-1.8.  We moved our primary residence in 2015 and it has been a rental since then.

DTS’s seems like the best route to go, so I’m exploring that avenue.  There is so much experience and knowledge here.  Thank you again for all the generosity.

I am hoping to list it early April.  It’s in a desirable are of Los Angeles so I expect it to go quickly

Thank you for all the responses.  This is the information I was hoping to get.   "I would buy several smaller multi family homes" was my instinct as well, for the very reasons you stated.  Is there an advantage between duplex, triples or fourplex?  I am leaning towards hiring a property manager since I am not confident in my abilities to find a suitable tenant.

If I can clear 6% then I will be happy.

I am thinking of investing in a DST with any left over money. There is a long thread on the board that I found helpful.

Thank you.  I do have a 1031 person and a tax specialist that are advising me in CA, along with an experienced multi unit broker/Prop manager in Ohio.  Hopefully I will find a situation that meets my needs. I hope others’ experiences can help me find that, hence the posting on a public forum

I am going through a divorce and will have to sell a SF rental in California.  I am looking into taking the money and buying in central Ohio, where I grew up.  I’m a complete novice at this - the house was our one time residence that we had been renting the last few years.  Any broad suggestions or things to keep in mind as I go forward?  I found a broker/property manager who seems knowledgeable.  Am I better off with one larger building or a few smaller?  Is 6% return realistic?  Any input welcome.