Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Aristotle Kumpis

Aristotle Kumpis has started 104 posts and replied 673 times.

Post: Looking to Connect with Investors Currently Active in Dayton, OH (Out-of-State Invest

Aristotle Kumpis
Posted
  • Real Estate Coach
  • Lake Forest, CA
  • Posts 720
  • Votes 332

I have a relationship with a good company that specializes in Cincinnati and Dayton. They offer properties and property management. I think they have about 60 people that work in the management office, and they manage close to 2,000 doors. They really know the market there.

Post: Out of state market search

Aristotle Kumpis
Posted
  • Real Estate Coach
  • Lake Forest, CA
  • Posts 720
  • Votes 332

For long term growth, you need to consider where the jobs are growing and going. The 1% rule means nothing without solid jobs and a good local economy. Sure, you can buy cheap houses that have a 1% rent to value ratio in places where there is not much growth. But then again, you do make your money in appreciation. Not in cash flow.

Post: Looking for tax advisor/preparer, W2 + investment properties + stock options

Aristotle Kumpis
Posted
  • Real Estate Coach
  • Lake Forest, CA
  • Posts 720
  • Votes 332

Hey Lenny. I have a few that I can refer to you. They are based in CA as well.

Post: Need Help Deciding: Anderson Advisors vs. Hall CPA – Any Experiences?

Aristotle Kumpis
Posted
  • Real Estate Coach
  • Lake Forest, CA
  • Posts 720
  • Votes 332

I'm have been a client of Anderson for 5 years now. They are great to work with. I have no bad experiences with them. They have a large team of people to help with everything when it comes to entity formation and tax stuff. I am happy to put you in touch directly with my business advisor there if you want.

Post: STR in Colombia

Aristotle Kumpis
Posted
  • Real Estate Coach
  • Lake Forest, CA
  • Posts 720
  • Votes 332

You most likely will not be able to finance. Most countries do not have a way that a U.S. citizen can finance. Why not just find a STR in United States? There are plenty of good areas, and you can put 20% down.

Post: Small MF in Gulf Shores Area

Aristotle Kumpis
Posted
  • Real Estate Coach
  • Lake Forest, CA
  • Posts 720
  • Votes 332
Quote from @Craig Barragry:

Brutal for sure! I haven't gotten anything quoted in the last few months, but I recall single family two blocks from the beach was more than double what I paid for a quadplex in Colorado Springs.

Does it still make sense to invest where insurance is double? I have a friend that is getting his rentals out of Florida because his insurance doubled. It doesn't cash flow for him anymore.

Post: Home state registration needed for my Wyoming LLC?

Aristotle Kumpis
Posted
  • Real Estate Coach
  • Lake Forest, CA
  • Posts 720
  • Votes 332

Every real estate attorney I know will tell you that you should have an LLC in the state were you own your rental. So if it's Alabama, you will need to form one there in order to get the best legal protection.

Post: Small MF in Gulf Shores Area

Aristotle Kumpis
Posted
  • Real Estate Coach
  • Lake Forest, CA
  • Posts 720
  • Votes 332

Hey Craig. Just curious to know what the insurance costs are in that market. I'd have to guess that it's expensive due to the proximity to the coast.

Post: What is the best 1031 option to a pure passive endeavor

Aristotle Kumpis
Posted
  • Real Estate Coach
  • Lake Forest, CA
  • Posts 720
  • Votes 332

You could 1031 into something more passive like a DST. I know a handful of people that like them. And you can choose a property that is not in California. Another option would be to 1031 into something like a Taco Bell that is a NNN.

Post: Searched for 10 months for rental property in NJ with no luck

Aristotle Kumpis
Posted
  • Real Estate Coach
  • Lake Forest, CA
  • Posts 720
  • Votes 332

Maybe you should expand your search to other markets. NJ and NY are quite expensive. I have a partner selling brand new 3 and 4 unit properties in the $600K range near Nashville. B class area and brand new. They do cash flow too. So consider looking in markets that are more affordable. North and South Carolina should be something to consider as well.