All Forum Posts by: Ying Lan

My accountant retired a few months ago so I need a new accountant in the Sacramento/Elk Grove area. Looking for someone familiar with real estates and rental business (preferably someone who owns rentals themselves) to maximize savings and deductions.  Also important that they're taking new clients. Any suggestions will be appreciated!  

Hello~ My parents are selling the house they've lived in for 20+ years.  We're thinking of taking it over and renting it.  Need advice on the best way to transfer the home from their name to our business/corporation name that's beneficial to both parties.  Believe they won't need to pay capital gain because it's their primary home.  If they were to "gift" it to us, does that mean we have to pay the capital gain (calculated from when they first bough the home 20 year ago?) if we decide to sell it down the road? Is it better to treat it as a standard buy/sell transaction so they won't have to pay tax on the capital gain and we can start the "gain" based on the sell price?  We also want to choose the option that's most cost effective (lawyer fees/trasfer fees/realtor fees, etc.) Any advice will help tremendously.  They're located in Cook County, Illinois.  Let me know if additional information is needed.  Thanks in advance!!

Thank you Marco! I'd love to have the contract info for your agent so I can at least ask some questions regarding the market. I'm flexible on the area and good to know that he has local contractors to share with us out of state investors.

Hello~  I'm looking for my next investment property in the Sarasota/Cape Coral area.  Although I already have a couple investment properties in other states, it'll be my first in Florida.  I'm testing the water with something small, maybe around 100-150k.  I'm not familiar with the area at all so I'd like to work with an agent who is familiar with the area and rental market.  I'm looking for someone who is proactive, responsive, and knowledgeable (not someone who's just going to set up an auto search).    I am out of state so I need an agent who can work with me over the phone/email.  Please let me know if you have any recommendations or suggestions.  Thank you!!

Hello Everyone, thank you for your input and suggestions.  I'm still looking for a knowledgeable agent that can show us some multi-family properties. Please get back to me if you can assist.  Thank you!

@Gordon Cuffe Hello Gordon! It'd be fantastic if you'd keep me in mind when off market opportunity comes up.  I'm ready to buy now and hope to close before the end of the year.  Thank you!

@Kelli D.  Hello Kelli~ I'm definitely still looking and looking to get all the help possible.  Feel free to send me any listings that you think is worth a look. I saw this one recently on realtor.com and was wondering what your thoughts are.  5737 Blachly Way, Sacramento, CA 95841 Please let me know.  Thank you. 

Hello Derek~ I'm not sure about exact cash flow.  We're looking for a four plex around 350k, renting out around $800/unit.  Average/above average neighborhood.  Saw some online around arden area and towards citrus heights but we're flexible.  We live in Elk Grove and I'll be managing it myself.  We are preapproved for a conventional loan.  

Hello~ We're looking for our 2nd investment property (interested in a fourplex) in the Sacramento area and would like to see if anyone knows a good agent that is knowledgeable in investment properties that can help us with the search.  We're very new and need someone who can ask the right questions and provide us with good insights.  Thank you so much!!

Or any information where I should start looking would be great (besides google search and yelp reviews).