All Forum Posts by: Vivek S.

Hi All,

Wondering if anyone have recommendations for Real Estate CPAs in New Jersey/NYC area?

Appreciate your help.

Thanks

Thanks a lot for the feedback guys - very much appreciated.

I have been trying to purchase a rental property (SFH) for over 3 months and have had a hard time closing in on a property. I'm an out of state investor (NY) looking for mainly SFHs in Dallas, TX and Kansas City , MO. Dallas appears to be an over heated market where prices have been steadily creeping up and too many investors fighting for the same property. As such, purchasing a property with a decent cash on cash return is a challenge in Dallas market- at least that is how I have felt so far. I have recently started to explore markets in Mid West, Kansas City, as the property prices are more reasonable and cash flow appears to be better.

Anyhow, it would be great if someone could refer a turn key provider or realtor that works with out of state investors in the Dallas/Kansas City area that could provide some assistance.

Hi All,

I'm currently considering a SFH investment in Lancaster, Texas. I have been told by a few friends that Lancaster is not an ideal neighborhood (relatively high crime rates). Does anyone has any experience investing in Lancaster. If so, could you please share your thoughts.

Thanks.

Hi Folks,

I have been a member on this forum for a few months now and have learned a lot about RE investing by simply reading through various member questions/responses and articles.

I'm considering making my first purchase and have a question which I hope you guys could provide some advice. I'm looking to purchase a property with a few investors and we were initially thinking of forming a LLC. However, given the expenses of forming one and that the LLC loans comes with a higher interest rate, we have decided not to form a LLC for the time being. Further, we could simply purchase an umbrella insurance policy as protection for the short term. However, we will definitely consider a LLC after we purchase a few properties and expand our portfolio. The question I have is, are there any viable structures other than a LLC when multiple members are involved. For our first deal, we could pool our money and purchase a property and share the returns pro rata based on our contributions. I suppose we could use our collective credit to apply for a conventional loan. However, how could we claim tax deductions such as depreciation when properties are owned by multiple parties?

Thanks for all your advice and help in advance.Enjoy the weekend!