All Forum Posts by: Moe Soliman

@Kassie Johnston Count me in too.  Would be great to meet and share experiences. I'm currently buying my 3rd investment property in the area. 

I'm about to buy my 3rd investment SFH and all the homes I own including the one I live in have escrow accounts. Is there any advantage of not haveing an escorw and just paying your taxes and insurance at the end of the year ? Or will it just be an extra hassle I'll have to deal with ?

I'm a physcian and very busy at work, but if there is any advantage other than having a stable monthly payment instead of a mortgage payment that changes each year then I'll try it out for this coming investment.  

Thanks

Moe

@Aaron Beauchamp , that's for an investment property ? My current mortgage broker gave me a 5.75 % rate ? Is this through a bank or a broker/ mortgage company ?

Can someone tell me what's the lowest mortgage interest rate for a conventional 30 year fixed loan in Houston,Texas for an investment property ( single family home) with good credit and 20% down ?

Moe

Hello fellow BP investors,

I'm a physician and recently started investing in real estate . I'm looking for CPAs with experience with RE investors, for possible tax planning and tax preparation . Since I will only own 3-4 properties by the end of this year I want to avoid overpaying for high end CPAs who work with seasoned investors with hundreds of properties. Any recommendations ? Also is it better if they are local CPAs ( I live in Houston,TX) or any CPA should be fine ?

Moe

@Lyall Storandt could you send me the CPA that you have recommended to all those people over the past 2 years. Are you still dealing with him/her ?  On average how much do they charge for tax planning ?

Thank you 

Moe

@Account Closed I'm just concerned that it's taking me so much time ( in addition to my full time job) to find good deals , and my thought process was if I was part of a larger network ( even by paying a membership fee) I would save on time spent looking for good deals and can purchase more properties. I guess I can probably do the same through REI associations and meetups which cost a fraction of what lifestyle unlimited membership costs. What do you think ?

@Cody L. So in my case , as a starting investor with little experience do you think that a professional who wants to invest in real estate has a good chance of making substantial profits alone without the required mentorship or networking ? Should I go instead to REI meetings around town and meet people ? I'm willing to pay whatever membership fees if I'll get the mentorship, inside information, education and access to things I would not normally have available, but at the same time I don't want to be taken advantage of if possible.

@Cody L.

I felt that I might need a property manager after acquiring a substantial number of SFH or if I start buying multifamily units, but do you think it might be a good idea to look for a property management company now. Do you have any recommendations ?