All Forum Posts by: Matt Ward

Just the City of Sacramento.  As with most rent control policies, if a tenant breaks the conditions of the lease then eviction is warranted.

@Russell Brazil & @Paul Choi have this spot on.  This is a move that satisfies the political pallet, and for those uneducated on fundamental economics and historical data on the subject it seems "like a good middle ground".  The supply issue in Sacramento will not only continue, it will compound and people who are struggling to make rent now will be on the streets sooner than without rent control.  The older assets in the marketplace will not get the TLC they deserve from their owners.... this is a rabbit hole of all bad news.  Sad.

LOL

This is unfortunately not a question that has a black/white answer to it.  Here's my stab, others will share their input:

1. what you receive as distributions in a tax year is not going to match your taxable income from the syndication on your K1... otherwise, from an LP's perspective I'm sure you'd want to receive your return as quickly as possible.

2. depends entirely on the operating agreement and syndication structure.

3. same as #2 above

 These are broad, high level answers.  Best of luck!

Welcome Don!  Since you are in Oahu, how are you deciding what markets to focus on and deploy capital to?

Yes makes sense.  Thanks for sharing.  It seems like you are conscious of your risk in certain areas, I'm just saying make sure you pay attention to as many of the risk points/areas as you can... no one is perfect though, best thing is to get the first deal!

 I totally understand #1.  Regarding #2, I'm not sure I follow the logic - - from a percentage of cost, they do suffer wild swings in value in much the same way every asset does, it's just they cost less so you have less cash in so it seems easier to swallow.  Also, regarding a 10% dip in home values... that would likely effect the midwest just as much, if not more, than CA.  The difference is that in years preceding a dip, a CA asset will appreciate significantly whereas a midwest/rustbelt property will not.

Check out some of @neal bawa's webinar's and data points, specifically "Real (inflation adjusted) Price Gains".+

Just an opinion!

Just curious... since you are now living in one of the best real estate markets in the world, why not invest in your backyard?

This is a very situation specific question IMO.  I think that if you live in a place like LA or the Bay Area, buying a primary has a lot of benefits as the promise of appreciation is an almost certainty.  With that said, your personal life will dictate a lot... for example someone with kids may want the stability of home with a backyard in a good school district while avoiding the fear of rent hikes or having to move frequently.  On the other hand, someone who is single or simply without kids may be ok renting and building wealth through investments.... 1,000 ways to skin this cat.  Best of luck!

@Paul Choi

Microsoft Excel