All Forum Posts by: Wei Xie

Dear fellow BPers, I am wondering if I can use accumulated rental operating loss to offset capital gains: 1. Gains from sales of rental properties, either related to the operating loss or not. 2. Gains from sales of stocks or bonds, etc. I own the rental property directly under my name. Btw, will the situation change if the rental property is owned within an LLC or corp? Thank you all in advance!

Mark Nolan This is the most comprehensive study of self irected IRA and solo 401k that I have ever seen. Thanks for putting it together!

In addition to what Carrianne Mucho has suggested, some properties also have Mello-Roos assessment that needs to be added to the base rate.

I usually call a few insurance brokers and take their quote as the input.

I am investing in IE as well. But I have to say that the price is IE is rising fast as well. A recent article suggests 6% YOY. I do not see much deals on MLS or REO that will break even in cash flow even with a 25% down conventional loan.

Joshua Hardy I certainly do not want to deal with a neighbor like you had I been in your neighbor's shoes. For me, I believe good relation with my neighbors worth more than benefitting from legal loopholes: They are looking out to cover my back because they know that I would do the same for them as well.

Joshua Hardy of course you can try. It ends up a gamble if your legal cost, trouble, and loss of reputation among the neighbors would out-weigh the benefit.

Brandon, I think 15,000 sqft land will be quite expensive. A friend of mine's home in Irvine is about 6--7k sqft in lot size and anout 30 min to ocean and the land was assessed at $600k by county. I am not sure if buliding a tiny house would save you much in overall expense.

@Jennifer L. I usually offer $400 for referral fee for a 1-year lease.

Not see much replies from CA. I am happy as long as the NOI is able to cover debt servicing for my 30yr fixed. Chatted with a couple of local investors and they all included amortization as some kind of pseudo cash flow. :-). I guess this is kind of the norm in many communities of California.