All Forum Posts by: Neems Y.
Neems Y. has started 6 posts and replied 32 times.
Post: Vancouver BC real estate market. Would like to connect.
- Santa Maria, CA
- Posts 37
- Votes 8
Hey BP! I'm Neems and from CA, USA. My RE investing partner and I are heading to Vancouver BC to research the market and would love to connect with local investors, brokers and agents. Please PM me for details.
Post: THE Thread on the Final GOP Tax Bill - Q&A
- Santa Maria, CA
- Posts 37
- Votes 8
Any advice (besides pray) for those of us who itemize our deductions in high tax states?
Post: THE Thread on the Final GOP Tax Bill - Q&A
- Santa Maria, CA
- Posts 37
- Votes 8
Originally posted by @Neems Y.:
Any advice (besides pray) for those of us who itemize our deductions in high tax states?
Post: THE Thread on the Final GOP Tax Bill - Q&A
- Santa Maria, CA
- Posts 37
- Votes 8
Any advice (besides pray) for those of us who itemize our deductions in high tax states?
Post: Introducing: Long Distance Real Estate Investing by David Greene
- Santa Maria, CA
- Posts 37
- Votes 8
Originally posted by @Stephen Herbert:
I'm currently investing abroad and am excited to read this book and see what I did right and what I need to be more aware of for my next investments. Living in San Francisco, there's no way my first house would be within my immediate area - or even within driving distance since I do not have a car - so I had to either A) postpone my investments for an untold period of time, or B) look into markets abroad. It's been a learning experience to take on a property 2,000 miles away.
Don't be afraid, just do your homework!
Thanks for sharing Stephen. What tools/resources did you use start investing abroad? How does your system work? Any advice will be helpful.
Post: Central Coast Meet Up?
- Santa Maria, CA
- Posts 37
- Votes 8
I would be interested.
Post: Texas 4 plex MFH 2 bed/1 bath each
- Santa Maria, CA
- Posts 37
- Votes 8
Originally posted by @Daniel J.:
@Neems Y. Texas likes its property taxes, trust me I know. It’s a
Safe bet that they will reassess the property within a year or two to the local tax rate times 90-100% of your purchase price.
Hi Daniel. Thank you for the response and words of wisdom.
Post: Property Manager in Dallas, TX area
- Santa Maria, CA
- Posts 37
- Votes 8
Post: Texas 4 plex MFH 2 bed/1 bath each
- Santa Maria, CA
- Posts 37
- Votes 8
@Jim Cummings - I checked the county website and the taxable value is $28,600. The current owner is late on last years taxes.
@Greg H. - I used Brandon Turner's method for estimating costs on a rental property from his video "how to calculate the numbers on a rental property" (https://www.youtube.com/watch?v=T_7vhsSBi7c). From the pics (very few), it is older, but it seems livable (i.e. roof is crashing). It's about 2640 sq ft.
What am I missing here? Thanks for any advice.
Post: Texas 4 plex MFH 2 bed/1 bath each
- Santa Maria, CA
- Posts 37
- Votes 8
Originally posted by @Account Closed:
Howdy! Is vacancy 0% in that area?
Howdy! I don't know, I doubt it, but it is what the seller is stating, which needs verification. I know vacancy is usually 5% and even with that it would still cash flow positive.