All Forum Posts by: Sal Souza

I would be interested too.

Hello All,

Having purchased several turnkey properties for buy and hold, I am now switching gears and desire to become a more active investor.

I am interested in knowing if other investors are using fix and flip or BRRRR strategies with success in the central valley of California, specifically Merced County. Is it even possible in this market? Is it too competitive to be successful?

Any feedback is appreciated!

Sal

@Andrew Korver Hi Andrew, first of all congrats on your purchase.  Was wondering how things are going with Bridge and property management?  I have joined their buyer's list  and will be meeting with Nathan Brooks later this month.  

I currently own  2 properties in KC, managed by Voepel, which I understand is one of Bridge's PM partners.  I bought them just recently through a local realtor.  Let me know if there is something I can do to help you while I'm in KC, I'll be there April 21-24th.  Thanks!

Sal

Hey all,

I'm a little late posting this but I'm very happy to report my rental has a tenant now as of about a week ago.   Just have to see how it goes from here.  

Recently closed on a 2nd property, another sfr, same general area, will be ready for a tenant soon!  Thanks to all for your encouragement!

Sal

@Mike D'Arrigo thanks for your feedback Mike, I'll PM you the address, would be happy to hear your thoughts.

@Billy Smith the property had 5 showings within 2 days of being listed.  The prop manager said there was no negative feedback but no deposits either. not sure if there has been any showings lately, the weather has been pretty bad.

Sal

@George Blower@Brian Eastman@Dmitriy Fomichenko

Thanks guys for your responses, I really appreciate it.  I will definitely look into this further.

Hello All,

Just joined BP a couple months and happy to say I have purchased my first rental property in Kansas City, MO.  I found a great realtor, lender, property manager, etc.  I'm feeling a little down though because the property has sat vacant since escrow closing  just over two weeks ago.  Is this normal for the area?  

I did lots of research before pulling the trigger but now wondering if I made a bad move.  My original intent was to use a turnkey company but decided to go the realtor route.  The whole process has been stressful but exciting & fun at the same time.  Has anyone else out there had a similar experience?  Is it the weather?

Stumped and discouraged!

Hello,

I have a question for anyone out there who has any experience or knowledge about solo 401k plans.

I'm thinking about rolling my 401k money at work into a solo 401k. I've read that the solo 401k has many advantages over the self directed IRA for investing in real estate. I understand that the rules are a little different, and that it must be tied to a business (e.g. a real estate business) and involve earned income. My question is can the rental income be taken as a distribution from the plan, with minimal taxation, once reaching age 59 1/2?

Thanks!