All Forum Posts by: Arun Gokhale

Hi All, I'm looking for an agent to help in my search for houses in the west Cleveland area (slightly past Ohio City) I can go into further detail on my investment strategy and experience over the phone / in person. Feel free to message me for more info. In terms of what I'm looking for I'm all about expediency as well as someone who understands the investor perspective of buying. Thanks! Arun

Hi All, I just moved to the Cleveland area and am looking to purchase some investment properties slightly west of Ohio City. I have past experience with real estate investing and own several multifamily buildings in other cities. I'm looking for a property manager to help manage several houses in that area, and who's familiar with working in more transitional areas/ lower income tenants. Thanks! Arun

Hi All, I just moved to the Cleveland area and am looking to purchase some investment properties slightly west of Ohio City. I have past experience with real estate investing and own several multifamily buildings in other cities. I'm looking for a property manager to help manage several houses in that area, and who's familiar with working in more transitional areas/ lower income tenants. Thanks! Arun

Hi,

I would consider myself a part-time investor. As a way to increase my knowledge and put a little more money in my pocket when making deals I was looking into getting a Real Estate Agent license in my area. 

As far as I know it is required that I hang my license with a brokerage. I was planning on mostly doing deals for myself so I don't need a big support network or anything like that. I was wondering if someone might have a suggestion for my somewhat unique situation (lowest fees and reliability would be key) 

Thanks!

Originally posted by :

e geographic area but the property in question was not placed into service (advertised) for rent in 2015, then you can deduct operating expenses. Depreciation will not be deductible until the first day you placed it into service. 

This is very helpful, thank you! Just to clarify, my management fees for the new property could be deducted from another property I own in the area, but things such as a roof and new appliances could not be depreciated until I put it into service?

Hi  All,

I haven't come across an answer to this specific instance. In 2015 I purchased a run down multi-family property. I have been renovating it, putting in ~30k in 2015. Now in 2016 we will soon be renting out the units. For all of 2015, however, the building remained vacant.

I'm wondering if I can count the depreciation expenses from 2015 in that year, and if not, can they be carried over to 2016?

@Steven Gesis:

Thanks Steven, I think this is probably the approach I will have to take here. I think going through my contacts to get an email of someone on their side would help quite a bit too. 

And thanks everyone else, I think this is just one of those things that there is no simple or easy solution to. 

It is the street side shut off valve. 

And to answer your other two questions we haven't been able to get water turned on at the property because of the broken valve. 

Due to this we haven't been able to move in tenants for the past 2 months. I am thinking I might have to sue the water department soon...

I have spent the last TWO months dealing with the KC Water Services company. The Water shutoff valve in the front of my new property is completely broken and needs to be dug up and fixed. 

I've spent days trying to get people out to fix it. So far they have sent several supervisors, but no one to do the actual work. I was wondering if anyone has ever been in a similar situaion and wondering what you did to fix the issue when dealing with a Gov. Organization.

Apologies, if this isn't the right forum. I'm really just at my wits end here...

@ messaging @Josiah Mosley

Saw this a little late, but I moved to KC about 2 years ago and have acquired a couple multi-family properties since them. I have a pretty good in team in place from searching out deals, to completing work, to managing tenants. Let me know if you're still looking for additional input.

Regards,

Arun