All Forum Posts by: Anthony Santa Ana

Hi!

I'm from San Jose, CA and was looking for a CPA in my area. Does anybody have any great CPA contacts that focuses primarily on real estate investing?

Any info is greatly appreciated.

Tony

Welcome Elijah! I'm from San Jose and a teacher as well. Hopefully, we connect and share some ideas.

Condolences to his family.

Jimmy Moncrief Thanks for the advice and I will continue to approach local banks.

Derek Carroll Thanks for the reply. It is small convenience store and it does generate a minimal monthly income.

My specific questions are:
-What banks and/or lenders should I approach in my area (CA)?
-What points or questions should I be asking to these lenders?

I have a commercial property free and clear (land and building) and want to borrow against it. I want to use the money to reinvest it in cash flowing rental properties (SFR and/or MFH). Any suggestions about what type of lenders or loans to research. Thanks in advance.

Needed some advice about an offer price. Here is the situation:

-motivated seller that is willing to seller finance and/or lease option
-asking price $595,000
-3 duplex houses on one lot (2 units rented out for each @ $1175-4 units vacant with potential of $7000)
-separately metered
-tenant yearly leases
-one house needs a full rehab (interior & exterior)
-$4596 yr=taxes; estimate $1200 yr=insurance
-seller ok with 10% down
-zoned for commercial & residential

Any suggestions or ideas. Any advice is greatly appreciated!

Minh L. I've been looking around the forums and the information has been invaluable. Thanks Minh and definitely will see you around the forums.

Welcome Wanda!

Welcome Ranjit to the BP community! I'm interested to why you are choosing the elderly care business.