All Forum Posts by: Curtis Lewis

Good thing cap ex isn't an expense.
I should have clarified that. Mybad. Honestly, the guy asked for a simple answer and that's what he is going to get. Half of the people are wrong and half are going way too deep into it.

Love you guys! Bye.

Originally posted by @John Erlanger:

NOI is not profit. It is net operating income. It is not guaranteed. You have to collect it. Out of NOI you have to pay mortgage, capex and costs to collect. NOI dollars are not equal. It is the cap rate that values them. In a 10% cap rate market investors think they are only worth $10. In a 5% cap rate market they think they are worth $20. V=i/r See cap rates exactly measure what investors are paying for a dollar of NOI. They do not measure a return that the investor is getting!

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I couldn't read all these comments... Simply put cap rates are commonly used for properties larger than 4 units.

it is based on the assumption you paid cash for the property. NO LOAN. For example:

purchase price: 1,000,000

profit after all expenses: 100,000

cap rate =10%

it can be used as a tool for you to get an estimate of a larger multifamily value. Just do it backwards,

ask a broker for the market cap rate in the area of the property

find out how much they claim is their profit.

reverse the equation and you will have the estimated price of the property.

1 Vote

Did you ever find someone?

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Originally posted by @Michael Plaks:

@Curtis Lewis

Tax attorneys are usually not needed unless you're taking the IRS to court

So who would I speak to in order to improve my business structure so that I may utilize as much tax benefits as possible?

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Did you find a good tax attorney?

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Chicago, Illinois

Did you ever find a tax attorney?

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I have that same clause and I have seen over 5 contracts and they all have them. I spoke with the PM about it and they all say it is if I decide to "terminate" the agreement, not if it naturally is fulfilled... They are claiming fulfilment and termination are different...

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@Michael Plaks

@Lance Lvovsky

I am not a foreigner. I am a US citizen. I have a Louisiana DL. I don't file taxes in Guam. Sorry for the confusion.

I am very new to the real estate industry.

1 Vote

@Michael Plaks

I am indeed looking for CPAs in Texas, not Guam.

Secondly, how would I find these 20 or so CPAs here? Did you mean on this platform, or working with you?

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I am an out of state investor trying to find a CPA familiar with real estate laws. My end goal is to find ways to reduce the amount i pay in taxes or utilize as many write offs as possible for larger returns.

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All Forum Posts by: Curtis Lewis

Curtis Lewis has started 3 posts and replied 20 times.

Post: What is a cap rate and why are they important ?

Post: What is a cap rate and why are they important ?

Post: Real Estate CPA in Texas

Post: Tax Attorney

Post: Tax attorney recommendation

Post: Tax Attorney

Post: Early PM contract termination

Post: Financial Consultant For Texas

Post: Financial Consultant For Texas

Post: Financial Consultant For Texas