All Forum Posts by: Matthew Samson
Matthew Samson has started 7 posts and replied 23 times.
Post: Should I engage a CPA now or wait until we've built up a basic portfolio?

- Posts 23
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Thanks @Joshua Thompson! I really appreciate your honest advice.
Post: Should I engage a CPA now or wait until we've built up a basic portfolio?

- Posts 23
- Votes 16
Hi all. My wife and I are still in the 'learning phase' as real estate investors, but we know for sure that in the next year (a) we will be converting our primary residence in to a rental, and (b) buying another house that will be our primary residence for 1-2 years so that we can qualify for an owner occupied mortgage. In the meantime, we may also want to renovate our current home to increase its overall and/or rental value.
The plan is to scale our real estate investment portfolio pretty aggressively after our next purchase.
We're still a ways off doing any transactions, and when we do I can probably figure out the basic financials on my own. But should I? We will inevitably work with a CPA in the future, but are there benefits to starting that relationship now?
Post: Corporate refugee (tech). Excited to get started.

- Posts 23
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@Bill Hampton Thanks so much!
Post: Primary Residence Sale -- $1.65mm appreciation -- How to Minimize Capital Gains?

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Thank @Account Closed! Something more passive via a syndication could work for them, and otherwise they'd probably prefer something simple like a long term single family rental.
Post: Primary Residence Sale -- $1.65mm appreciation -- How to Minimize Capital Gains?

- Posts 23
- Votes 16
@Dave Foster Super insightful. Thank you! That would be an ideal scenario for them.
Post: Market evaluation: How to factor in new construction sales?

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Hi All. I'm diving into some of the public county-level Zillow data. One metric they provide is new construction sales, which I can use to calculate % of total sales and see whether that value is trending up or down.
My question is, in general is a market more or less desirable if there are a lot of new builds hitting the area?
On the one hand, I can see it as a positive indicator, for example of market health and increasing suburbanization. On the other hand, it could also mean there are lots of other desirable houses hitting the market, making older properties less desirable and/or lowering demand.
Would love to hear your thoughts!
Post: Primary Residence Sale -- $1.65mm appreciation -- How to Minimize Capital Gains?

- Posts 23
- Votes 16
@Corby Goade yep, that sounds like a plan. We'd even be happy to move them into one of our (future) properties and just let them keep all/most of their rent income as free cashflow.
Of course, that opens up a whole new can of worms RE the tax implications of having the in-laws live at below-market rents in one of our properties.
Post: The STRategic Investor Atlanta - August Short Term Rental Meetup 8/28

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Me too!
Post: Corporate refugee (tech). Excited to get started.

- Posts 23
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Thanks Robin!
Post: Primary Residence Sale -- $1.65mm appreciation -- How to Minimize Capital Gains?

- Posts 23
- Votes 16
Thanks everyone for your great input! It sounds like we'll be trying to keep the property in perpetuity, and then ultimately pass it on through inheritance.
We'll certainly want to keep the property tax basis as low as possible if we hold it. I think an equally probable scenario is that we'll convert it to a rental, and then look into a 1031 exchange if we think we can trade into a better-performing asset.
I hope that sounds reasonable?!