All Forum Posts by: Aaron Zimmerman

I'd recommend finding an investor friendly agent. For the others you mentioned, I'd recommend having someone that actually invests themselves (can be applied to RE agent but not an absolute must). 

Following this thread. My understanding was that the moratorium is ending on 9/18/21.

You could have your spouse purchase your 2nd house hack. That's what I would do assuming he/she feels comfortable. Then, wait until property #1 gets to 20%-25% equity to refinance. 

You could try Stessa and then categorize. What i tell my clients is to do bookkeeping monthly. That way it's not incredibly cumbersome for you and you will be less likely to miss deductions. 

I'd probably just suck it up and do it. You would need to see if there are children/pets in the unit, but Advion works wonders on ants. You can probably get it at most hardware stores. 

@Michael Facchini - I recommend him. He is a fantastic lender and I’ve used him personally. Very insightful on real estate as well

To reiterate, there is for sure a leak. Water is something you have to keep a close eye on throughout the year. The unfortunate part is that the bills are two months in arrears. I'd recommend getting a plumber out there every six months, potentially more often. It's also possible you need to replace the toilet too. I'd be more than happy to share my plumber. He's pretty good and his prices are reasonable. With that being said, he may not cover your service area. 

If you're willing to expand your search, there's a lot of CPAs that work remotely with investors. If you are open to it, interview a couple CPAs and see who you gel with. 

The more documentation the better. I would definitely have them sign leases. It's better to have more documentation not less. Also, I'd try and make sure rents are at market rates/close to market rates. 

John - it depends what your goals are. Are you looking to be more active? Or do you want to be more passive? With your net worth (and likely income), you can easily do passive and achieve a potentially attractive return profile as a limited partner. I personally own one property in Chicago and it's a fine investment but there's a lot of ways to achieve financial goals. It is most certainly not passive sometimes, that's for sure. I will say being active, you will have some good stories!