All Forum Posts by: Ernesto Hernandez

@Dustin Rose I’m going to be honest with you, excuse the pessisimist in me, but 32% returns in about 6 months sounds too good to be true. With those terms i’d Imagine you’d have a wait list of investors. 

I’m able and interested but I would like to see a healthy list of referrals and a paper trail of investors and payouts. PM me if you’d like. I’m busy today but maybe we could chat during the week. Tuesday is best. 

I actually reached out to a long time friend who works for the IRS and audits small businesses but according to him I should be fine. 

Thanks Andrew. 

I’ve poked around online and used the search function and couldn’t come to a definitive conclusion. 

As it stands I have one property in my name that technically is a rental. I live 2.5 hours away and my mom cuts me a check every month. I rent with my girlfriend and we are moving into a 2 bedroom next month. I do a lot of reading, webinars, phone calls, group calls etc. as I prep for my next purchase and plan on using the spare room exclusively as my home office with my desk and office equipment.

With the one property that I already have would I run into any deduction issues? Or should I play it safe and not consider it until I a property not in any way tied to a relative of mine?

Thanks in advance. 

I’m not experienced enough to answer that question.  

Podcast 70 is your best friend. Listening to it now actually. Grant Kemp is the guest. 

Please do.

https://www.attomdata.com/news/affordability/2018-...

Being in San Francisco, this literally hit home. 

Total. General fund.

William, if I remember correctly, he has a 50k or so general reserve fund to address any CapEx needs on any given property.

@Hoa Nguyen you’ll get different answers depending on who you ask. Some say if you feel pretty prepared, have a good plan, and the numbers look good, dive into multi’s. Most though will tell you to get your feet wet in singles for a bit and then exchange up.

Can you let me know how that 3 day camp goes? How much is it?