All Forum Posts by: Tigran Kalaydzhyan

I am buying a real estate portfolio from another investor. The purchase agreement has only one price for the total portfolio. Now, if I decide to sell one of the properties in the future, how would I determine the capital gains to pay taxes? What is the purchasing price of one house within a portfolio? Should I take <portfolio price>/N, where N is the number of houses?

Thanks for all the replies! I was thinking about the population trends from the point of view of the house prices. However, when buying houses with leverage and paying the mortgage/expenses fully with the rental income, one would suffer a loss in the principal (down payment) only if the prices drop by, say 75-80% (depending on the mortgage), which is a crazy unrealistic thing to happen. So, I'm fine with that idea for now.

Just decided to buy my first (residential) rental real estate in Abilene, TX. Could anyone recommend a trusted property management firm there? All referrals are highly appreciated!

I found two nice rental properties in Evansville, IN, south from the University of Evansville. The properties already produce very good cashflow, so I'm inclined to buy them. However, when I look at the stats, I see that the population of the town is slowly shrinking (about 0.5%/year since 1960s). Question to the people familiar with the area: should I be concerned and pass on the opportunities there? Do you see any reason for the trend to change (say, with aging population, hence, with more jobs for the local hospitals) or to accelerate?

Very much appreciate any opinions!