All Forum Posts by: Vicky Liu

Hi BP

I acquired all my properties in the year of 2021 so it will be the first year I that I’m going to deal with real estate related taxes.

Has anybody worked with any CPA with real estate expertise in CA, specifically in Los Angeles county or Orange County and would recommend them to me?

Much appreciated!!

Can anybody recommend a trustworthy CPA to help with the upcoming tax season. My current CPA isn’t experienced with clients that own real estate properties and I don’t want to miss out on any tax benefits. TIA!!

I liquidated some stocks to fund one of my deals and I don't regret that. You can always buy back the stock shares when they dip, but you can't buy back the equity from your partner.... well at least not without negotiation and headache at least. My 2 cents. 

Hello BP,

First of all, I want to shout out to everyone in the BP community. This group has truly helped me grow and learn. I stumbled upon BP out of boredom during lockdown in 2020. It was like discovering a gold mine. I've always traded in the stock market but I was always looking for something more sustainable and passive. So you can imagine my excitement when I discovered this website and started reading real estate books. Fast forward two years, I have bought 4 properties just last year in 2021. One of my being my primary and the rest are OOS investment properties. 

This year my goal is to purchase my first multifamily. I am targeting Columbus, OH because of cashflow and also I have friends there. However during my research I saw a lot more deals in Dayton with even higher cap rate. So I wanted to ask the BP people, Columbus or Dayton? Any locals would like to provide your thoughts? Much appreciated!

Hi everyone,

My partner and I just got our offer accepted in a SFH in Indianapolis. We are planning for this to be a BRRR. This is our first time working together on rehab project, hopefully there will be many more to come. Any tips or advices is greatly appreciated!!!

Looking for local Indianapolis contractor recommendations!! We are out of state investors but working hard to make connections in the local area. Thank you!!

@Pete Harper

That is true about the hurricanes. ATL also gets tornados and storms. I will look into insurance rates for both cities more carefully. Thank you!

@Alvaro Rodriguez

Correct. At least the agent that I connected with said the homes rent out quickly in Sugar Land. However, I haven't been able to find one that makes numerical sense whenever I do the analysis. The high property tax rate really does consume a big chunk of cashflow. 

@John Ford

The agent from ATL says the same thing. People are snatching up properties like crazy. I'm thinking to use a more creative way to myself more competitive. However I'd honestly rather wait than engage in a bidding war. 

@Ian Fortney

The potential of flooding is a major concern to me. Especially I'm not there. Thank you for emphasizing that. I will also study Pearland. Thanks again!

@Jay Ragland

Great! That's good to know. Thank you!

@Kenji Otokawa

At least from my analysis, I would get more cashflow than Sugar Land. My goal is long term growth overtime, but I don't want to be cashflow negative. 

@Sarita Scherpereel

I see... That actually clears a lot of my confusion. Thank you so much for sharing. It definitely helps a lot. 

@Leslie George

Thank you Leslie! I'll PM you.

@Amit Dhawan

The agent actually says the same thing. And the only way to get your offer accepted is to bing all cash and above asking. What a crazy market.

@Jeffrey Donis

Great thanks for the input! I guess the trick is to actually get one without engaging in a bidding war. ugh 

@Ann Watkins

That is actually a great advice. Do you know if  hospital workers usually rent long term? 1 year or 2 year contracts? Thank you!

@Michael Lyons

Yeah you are correct. That is actually one of my concerns as well. In the mist of making decisions I have somehow put that aside. Thank you for pointing that out for me. 

@Jenning Y.

Yea I would invest locally in CA in a heartbeat. However, besides the ridiculously prices, my biggest concern is the tenant rules in CA. So many of my friends have been burned in CA, especially during the pandemic. Crazy.

@Reid Chauvin

Thank you for sharing!

@Patrick C. Bellamy

Absolutely!