All Forum Posts by: Ellis San Jose

Talk to your cpa for details. One of the many advantages being classified as a “real estate professional “allows you to offset income with real estate “paper losses “ like depreciation and other expenses.

Your local apartment owner association is a great resource for best practices for management and screening tenants. Also if you become a member you get access to updated legal forms as well

There are great real estate meetups in Santa Barbara and Ventura Counties. Connect with other local investors like me to network with and do deals

Yes you can sell to investors with tenant in place. Would an owner occupant find this property desirable? They would pay you more for the property if delivered vacant

Check your data. $499k value property with $70k per month income?

15 yr mortgage rarely maximizes your returns vs 30yr. I’m in the camp of maximize cash flow today.

Follow City of Oxnard rent control guidelines for relocation. Contact section 8 case worker /social services to see what programs the tenant can qualify. 

I use propertyradar

What does your CPA say?

If you lived in the house long enough to be considered Primary residence you may have a Sec 121 exemption.

Can you split off a few lots now to raise capital to pay off your lenders?