All Forum Posts by: Dong Yan

I am planning to make an offer for a duplex, one is vacant and another has long time section 8 tenant. The seller doesn't want to vacant them and we can only vacant them after we bought the property according to the seller.

a lot of people say section 8 is difficult to deal with due to low rent and goverment regulations but others say they are good because of goverment involvement you can get rent on time.

I have never deal with section 8 tenants before, any advice of whether shall I keep section 8 tenants are highly appreciated!

Stella

thank you for both of your advice, I will look for another property then .

Hi Basit,

The formula above somehow doesn't make sense.

400,000 - 380,000 - 96,727= -76727 negative amount shouldn't be 400,000-(380000-96272)? 

Thank you!

Stella

Ran into a partial exchange situation, I am selling a condo at price of 400K, the profit is only 20K however the depreciation is super high since I have been renting it for 7 years. so I have to pay high tax for it. My agent found me a property which I plan to buy at 330K. my CPA said it is not worthy of exchanging since most of my tax incurr from depreciation rather than profit of selling.

My agent think it is worthy of partial exchange. I am so confused.

What will be better way to go partial exchange or no exchange?

Thank you in advance!

Hi Peter,

I forgot to raise another discussion last night, which property type is worthy for investing in orange county and LA county:

Condo,

Single Family

Multi family

Thank you!

Hi Peter,

Thank you so much for hosting such an informative meet up for us, I learned a lot. I didn't get a chance to talk to you are you doing buy and hold or flip? 

Stella

can we find the parking there?

 is it PM then great I will attend then I thought it is AM which is impossible for me.

Thanks!

Stella

I am fairly new to private lending, never lend it in US before. what questions shall I ask when to choose the borrowers?

Here are the lists I have, please let me know if I miss any important information before I lend the fund out.

I asked the reference, track records,

the project information the borrowers are working on

LTV information

The length of contract..

The promissory notes information...etc.,

Thank you so much in advance