All Forum Posts by: J Zev J.

@Federico Gutierrez - I'm not sure a Pro account will give you access to that many off-market deals. 

@Palani (Pono) Wright - The cost is normally dependent on what you have going on taxwise. After you speak with a few CPAs you'll get a good idea of the range of costs and how they can help you achieve your goals.  

@David Reeves - Have you looked into a HELOC? That might help get you some capital to work on the projects that seem necessary for you to rent it out eventually. Also, you're only paying interest on what you need instead of a cash-out refi. You could compare interest rates on a cash-out refi and HELOC to run some calculations on the projects you're going to work on to see if that makes financial sense.

@Patrick Farley - There are some good realtors in Denver that charge flat/low fees for selling. It might be worth considering. 

@Clayton Elliott - I'm sorry to hear about your father and your mobile home park troubles. Have you discussed your situation with an attorney? Maybe some local attorneys specializing in zoning might have an alternative solution you haven't explored. I wish you the best in dealing with this.

Nice no/low money solution!

Hi -@Zak Leonard -  You bring up a good point that many beginners don't think about. The cost of your CPA is usually an annual cost when you're getting started. You can reach out to some CPAs to get an estimate, but if you're starting out without other complicated items, you're probably looking at $800 - $1K per year (or $75ish/month) for your proforma. You most likely will be working with attorneys on an as-needed basis. When analyzing deals, you can add the estimated attorney fees to your closing costs.

Hi @Swetha Mandava - try the county website for more detailed property tax information on the properties you're looking at. 

We all knew the mortgage rates would be going up, but I suspect most didn't think they would go up this fast. It seems like a rapid rise in interest rates opposed to a steady increase, creates more uncertainty in the market. Hopefully, the uncertainty creates more opportunities. 

@Jhameel Bernadeau - Great job saving. As a general response, I would suggest learning all you can about househacking to see if that's a good fit for your goals. I've seen clients use that as a great investing stepping stone with about the same amount of funds you'll have.