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All Forum Posts by: Alastaire Vicente

Alastaire Vicente has started 1 posts and replied 4 times.

Hello Nicholas,

Thank you for generously offering your expertise on taxes related to real estate. I'm a first-time rental property investor in 2023, and I have a unique situation with an out-of-state property. Considering your background, I was hoping you could provide some guidance.

Typically, I handle my own taxes, but this year, I'm exploring the idea of hiring a tax preparer. My rental property is located in Ohio, while I reside in California. Would you recommend having separate tax preparers for each state (CA & OH), or could one tax preparer efficiently handle both aspects?

Your insights would be invaluable, and I appreciate your time and willingness to share your knowledge.

Thank you

Quote from @Denis Ponder:
Quote from @Alastaire Vicente:

I am looking to put 20% down on my first rental property, and I am currently looking at Yuma, AZ and Columbus, OH. What are your thoughts about these cities especially as a first time investor? One of my concerns after doing research on the cities is the high crime rate in Yuma.

Very interesting you chose Yuma, you don't hear that very often.  What attracts you to Yuma?
 

In San Diego my social circle includes a lot of military, so I have familiarity with Yuma.

I am looking to put 20% down on my first rental property, and I am currently looking at Yuma, AZ and Columbus, OH. What are your thoughts about these cities especially as a first time investor? One of my concerns after doing research on the cities is the high crime rate in Yuma.

With the Chuckawalla Valley State Prison (CVSP) slated to close in 2025, do you think Blythe, CA would still be good city to invest in?