All Forum Posts by: Phillip Troutman

Brandon Rodriguez yea I was referred to Robert Hall and Associates there are some good people there. The CPA I worked with was Tony. His last name escapes me right now but I'll look it up. He is a pretty successful realestate investor also.

Thanks @Account Closed this was helpful. 

Yea absolutely @Billy Maloney ! I have been procrastinating too much on looking into and analyzing properties. I would love to get some tips. Yea, I'm usually free on Saturdays so I would love to join in on the meet. Even though I'm going through Marshall Reddick right now who I believe is partnered with a broker named Memphis Cash Flow for the property I'm looking at, I really want to work into properties that are out of state that I can force some appreciation into and really maximize my ROI.

Billy Maloney hey Billy came across your post in this thread. I'm also currently looking to invest in Memphis. Curious to know what you currently still think about that area. I also noticed you are in the LA area if you're interested I'm looking for some guidance. Would love to see what kinds of things you look for in REI. Maybe meet up for coffee or something ?

Chad Baird hi chad. I'm an newbie investor from LA, and like you, was turned on to Memphis as a potential area to invest in. It's been a couple months since this was posted. I'm curious as what you found out. Have you added anything to your portfolio from Memphis? I'm close to finding something but getting newbie cold feet as to whether it's a good deal.

I'm looking to invest in a property this year and I want to know as much about the analysis process as possible. I'm working with a turnkey company and want to make sure I understand and double check all the numbers provided. I understand the process of figuring out NOI, COC, ROI etc. This may be a super newbie question but... - how do I figure the taxes on a property ? - how do I figure the mortgage ? Typically you don't know exactly what your rate is going to be on a loan until you put the property under contract right ? How you you guys do this with accuracy prior to putting it under contract? - I understand how to figure rents (look at comparable places), but any other tips would help. -how do I figure out insurance ? Is this a standard type fee ? Or does it depend on the property ? - how do I figure out property appreciation? I tried looking up the appreciation rates for a lot of places and every article or report seemed to contradict the previous one. Any reliable sources you guys use ? Your feedback would be greatly appreciated.

As a newbie in Realestate I need some advice. I'm considering doing a home equity refi on my FHA loan to pull out some capital for investing. However I'm a little nervous because me loan is so sweet at 3.25. I would love to get an investors opinion. Should I mess with my current loan? Or just look for other means to invest in realestate ? I would love to do a BRRR but I wouldn't be able to afford anything in cali... I mean right ? I'd only have about 40k for investing. Is it possible to do a full BRRRR from another state without a partner? With FEDS beginning to raise rates is anyone adjusting their investing strategy drastically ??? Any advice on the above topics would be hugely appreciated. If anyone is in the Whittier area (or surrounding) I'd love to buy someone a cup of coffee to let me pick their brain. Respectfully, Phillip

Hi there everyone, I am looking into buying my first investment property in early 2017 and I want to start building a relationship with a good CPA that's knows about realestate. Does anyone have any suggestions for the LA county area (I live in Whittier to be more specific). Also I rent out two of the three rooms of my primary residence. Is there tax benefits I can use for this ? Or does that really only come into play when it's strictly a rental property ?

Thanks @Chris T.. I appreciate the blogs. Yea to clarify, I WAS considering just doing turnkey for a normal buy and hold property. Now that I know a little more about the BRRRR strategy i'm leaning more that way.

Hey everyone,

So I'm in the research process right now what niche I want to experiment with first in my real estate investing career. I am in the process of doing a cash out refi on my primary residence so that I can have some capital for investing. When all is said and done I will have right around 45-50k of capital to work with. Originally I was looking into buying an out of state, turn key, MF property to get a good base knowledge of the process and have a solid investment to work up from. However the BRRRR strategy has me extremely interested. The thought of being able to take my 45-50k and invest in a way that I can refi that money back out in about 6 months seems like a definite win-win. I'm looking for some advice from someone who has experience in these scenarios. I currently live in southern California so I'm still leaning toward investing out of state either way I go. Unless someone can give me some pointers on how to stay in state AND in my budget. Additionally, if I do go out of state what are some good areas to look into for BURRR investing ? I'm all for researching an area and figuring out what rent and comps are, but I don't really have a way of narrowing the search.

One last thing, I have read a ton of posts about the BRRRR strategy but I haven't found the source reading on it. Is it in a specific book that I need to pick up? or a specific podcast ? Id love to get the info straight from the horses mouth.