All Forum Posts by: Alpesh Parmar

I don't think you can get anything for less than $500K in 50 mile radius of where I live. We don't have anything other than A or B class area in my city so you may get a condo for $700K.

@Kevin Ngo and @Alan Davidson Single LLC or Multi-LLC is decided by how much risk you can tolerate?

There is no tax benefit going either way. LLC is for asset protection and IRS doesn't consider it as an entity. For IRS, single member LLC is a disregarded entity and multi-member LLC is a partnership. If you want to have an IRS approved entity then you can file your LLC taxes as S-corp.

@Matthias Wilson If the current PM has experience with RUBS, why didn't they suggest it to the seller? Make sure to check references if you are planning to keep the current PM. 

Abimael Rodriguez welcome to BP! BP is a great forum to educate yourself with real estate plus networking with like minded people. I am in East Bay. Let me know if I can be of any help.

You can still deduct all your expenses for investment properties. Investment properties go on schedule E of tax return and that is not affected by this. This will affect home buyers buying property as primary or second home. I am surprised but people in SF Bay Area are still buying properties over $2M as if they don’t care about $30-$35K of property insurance plus the interest on the debt over $750K.

This shows that some people have lots of time and may be spending way too much on social media instead using that valuable time in doing something fruitful or creative.

Originally posted by @Alshan San:

Originally posted by @Alpesh Parmar:

The lessons I have learned over the years force me not to buy sub-90K property. It would be hard to get financing on those properties so you lose the power of leverage. I would buy two 100K properties instead of one 200K property as it gives me diversification. If there is one vacant house, the other property can still cover some or most of the expenses.
Again, these are my thoughts you should go with you comfort level and risk appetite.

 So you're saying your sweet spot is 100k houses? 

 I am just giving an idea. I would have done this when I was starting out if I knew @ it. I don't buy SFRs anymore.

@Franklin Chan I totally agree with @Account Closed I have been doing investing since 2011 and even though I mostly buy OOS; I haven't tried to do a flip. Flipping is not a side business and it can become full-time job. Buy and hold is mostly passive even thouh; there could be some work involved.

Welcome to BP and good luck! I am in East Bay so feel free to ping me if you need anything.

The lessons I have learned over the years force me not to buy sub-90K property. It would be hard to get financing on those properties so you lose the power of leverage. I would buy two 100K properties instead of one 200K property as it gives me diversification. If there is one vacant house, the other property can still cover some or most of the expenses. Again, these are my thoughts you should go with you comfort level and risk appetite.

Originally posted by @Jessica Chow:

@Alpesh Parmar I looked into monetized installment sale, and this would only be possible under a 30-year loan, or a 30-year deal? Does it work after 5? We're not looking to be in business or keep the property for 30 years. Just 3-5 years.

Thanks for your Option 5! Definitely going to ask my accountant about that.

 I agree that it would work with 30-year deal. You can also make your own MIS by owner financing the property during the sale. I haven't done any of these strategies but I have educated myself to a point where I can be dangerous. :)