All Forum Posts by: Allan C.

@Matt Mainini If I were a professional and renting in good asset class area, I would want you to stay out of my way as well, especially 2 weeks after having a child. You’ll need to figure out what assets you need to hawk over and which ones you give tenants some rope.

@John Barkow I use Lawn Love to clear snow on my properties. I have 70% satisfaction with them as some of their providers are unreliable, however Lawn Love has good customer services and aspire to keep customers happy. Their services are also web based, so you can manage everything from your phone if desired.

@Shuo Li as others have stated, free cash flow and net earnings are very different items from tax obligation perspective.

While Syndications are good passive income generators, you are still subject to capital gains and depreciation recapture upon disposition of the asset, so still not the best vehicle to minimise tax obligations.

The best approach to minimize income tax, is buy and hold, where depreciation reduces or eliminates any net income. Therefore you can still have positive cash flow but minimal tax obligation. Ideally you hold assets until you die, and then allow your children to benefit from step-up basis to minimise capital gains if they decide to sell.

@Nick Barlow apologies, missed the “for a WS or Flipper”.

@Nick Barlow I would have to disagree that being HML, wholeseller or flipper are passive. On the contrary, these all require significant effort. Maybe you can help clarify your comment if you have a different perspective.

@Brianna M. Realtors will charge 1 month rent or ~5% of lease revenue, depending on location norm. I use TaskRabbit for repairs that take less than a day and Yelp or Angie’s List for larger jobs.

@Leandro Zhao I self manage a dozen doors in several states that are 8000 miles away. I have trusty realtors that help place tenants into vacancies and I use online services to manage repairs. Emails and texts are used for tenant communications. This works for A and B asset classes.

@Andre Deville I use PhysicalAddress since they scan your mail and also have registered agents. Limiting your personal exposure is a smart idea. It has less to do with piercing corp veil and more to do with privacy.

@Eric Michaels whatever they were attempting I can think of numerous better ways to achieve the end result. Seems like inexperienced rehabbers, so it raises concern for anything else they touched.

@Diane G. I suspect there are more CA investors waiting on the sideline with cash than the ones who burn-out during a market downturn. It would be equally favorable to buy in CA during the downturn as it would in AZ as you’ll likely have quicker recovery in CA, thus improving NPV of your investment.