All Forum Posts by: Pandu Chimata

Team, I am looking at 3-unit property in LA county in Southern California. it has common water line and no gas connection. Each one has a separate electrical connection. 

For rental purposes, it would be nice to have separate water connection for each unit. It's also cheaper to use gas than electricity so I need to establish gas lines as well. 

Does any one have idea how much it costs to have individual water lines and installing brand new gas lines? Or should I talk to city for water and the gas company to provide some estimates? 

Please advise. 

Here is the scenario: 

My partner (not spouse) and I own an investment property,equal partnership. So when we bough the property, my partner name and my name is on the county deed. I recently established a family trust and I included the investment property also in the trust.

Now we are in the process of putting the property on the sale. When my realtor looked at the public record, he says the county deed only has the trust name but not my partner name. 

When I spoke to my attorney, who prepared the trust, he says only my stake of the investment property goes to my trust and my partner will continue to hold his stake.  Attorney says - the title will have both the names.. though we have not seen the title..

But my partner is very concerned. So to comfort him, we are planning to go to county office and add him in the deed. I am not sure this is the right thing or not? 

Did any one encounter any such a scenario? or any thoughts ? 

Thank you Leslie. I read the article and got some high level understanding. How do we find such investment opportunities ? 

If I have to offer this solution to my landlords who does not want to maintain their properties but still want to minimize the capital  taxes, how do I offer them in a simple 3 or 4 executable steps.. so that they can consider the relevance of this solution to their situation.

Thank you folks. I am trying to understand some terms that I am not familiar with such as - DST, TIC, NNN etc.

Thank you Both. Yes, most of them own their houses 100%.
 

Though I am not a CPA, but I would like to give them some ideas so that they can think and take steps in that direction. 

It looks like seller financing would be one idea that I can throw at them to consider to minimize their tax gains. 

I am working with few owners who have owned their multi-units for the last 30 years. They want to retire now by disposing off their properties. One of their concern is capital gain tax that they incur due to the sale. What are some tax saving strategies ?

Any thoughts ?

Team, I see this business in my area and the Realtor approached me to consider it. I have never purchased a commercial property though I am willing to if I know what I am doing.  My Realtor says to rent it to others so they can own/run the business. 

How do I evaluate this business ? It's a liquor store.  Please advise.

929 W Arrow , Glendora, US 91740

Great Job ! Truly inspiring !

Thank you. It will be a owner occupied property.  

We are hoping that owner will get the finance from bank after few years when he recovers from his credit score.

Hello BP Community,

We have a rehabbed property on sale and the buyer has money to put down 10 to 15% as a down payment but he does not has a very great credit score. So banks denied him the loan.

We are willing to be a bank for them with 15% down but we also don't want to stuck with the loan for long term, not more than a year. 

How do we dispose the loan to a another party - bank or lender - so that we get our money and don't stuck with the loan for 30, 15 or 10 years? Is this even possible ?

Please, some thoughts ?