All Forum Posts by: Michael Kim

when people talk about investor friendly agents what do they mean exactly?  

Besides knowing what investors want and need, what else would you expect from them?  Discounts on commissions?  Connections to contractors and property managers?  Ability to find off market deals?   Etc etc?   Thanks.  

Sharyn,

How much rent are you getting if you dont mond me asking.

Sharyn,

How much rent are you getting if you dont mond me asking.

gotcha.  Thanks Jason.

So If my non passive income is above 150K but my wife is a real estate professional, then we can use passive losss to non passive incomes?  Is there a limit on how much?  

is there any way I can use passive activity losses (from rentals) to offset non-passive income?  There seems to be some suggestion that by becoming a real estate profession, there are ways you can do this, but I keep seeing conflicting information.  Would appreciate any help or insight.

Hi Logan,

Actually I was looking for someone in the commerical RE business not so much residential.  

Looking for recommendations on a broker in California, specifically in the inland empire, orange county, and possibly LA county area...

I am a newbie also so take what i say with a grain of salt. Based on the numbers you gave, you have a rental income of 1135 a month. Assuming you bought it for 37,900. 20% down, 5% closing costs. at 4% rate. Insurance costs of 600 a year, taxes at 2725 as you state (not sure why so high for a property so cheap), 10% for maintenance and another 10% CAPEX and 8% for management fees, with 8% vacancy rate, you are looking really really good. over 14% cap rate, 41.5% cash on cash return. if renters are good as you state, sounds like a no brainer... and thats coming from a complete newbie with no experience.