All Forum Posts by: Robby Sanchez
Robby Sanchez has started 24 posts and replied 108 times.
Post: Looking to scale!
- Inspector
- Austin, TX
- Posts 109
- Votes 40
Hey @Bryce H. Chapman! sounds like you are on a great path! I perform home inspections in the greater Austin area so if you or someone you know is ever in need of one let me know! here's a link to my website https://www.screamineagleinspections.com/ Check out my website for pricing and more about what i do! I am also an investor as well! Lets connect and see how we can work together!
Post: boots on the ground and/or inspections!
- Inspector
- Austin, TX
- Posts 109
- Votes 40
Hey everyone! I am a local investor in the Austin area and a licensed home inspector and electrician! I can be your boots on the ground and look over a property for you to see if its something you would be willing to invest in and then i can also do inspections for you as well on that property! I will do this free of charge if you are willing to let me in on the deal as a limited partner. I have about 15k to throw into the deal and i can provide sweat equity by performing work or anything else that i can help with. all i ask is that I be allowed to tag along in the underwriting process and you allow me to learn as much as i can from you about operating the asset.
Post: Preferred rate of return question?
- Inspector
- Austin, TX
- Posts 109
- Votes 40
Quote from @Chris Seveney:
@Robby Sanchez
Real estate finance by brueggeman - there are like 18 editions of this book
Great educational book which is used in many collegiate courses
william brueggeman?
Post: Preferred rate of return question?
- Inspector
- Austin, TX
- Posts 109
- Votes 40
this is some great info! thank you all for your insight. preferred returns and distributions are super confusing to me. anyone know of a youtube video, book or podcast that explains the capital stack a little more in depth? I want to be able to have the confidence when structuring deals. would i be correct if i said that COC % and preferred returns are the the main things that the investor needs to know about how they will get there money back? I realize there are many other things the investor needs to know regarding SEC rules, investment plans etc. but i am specifically referring to how they get their money back. taking the same example above, if the pref was 8%, and the loaned amount was 100k and the purchase price was also 100k. how would the general partner get paid? lets just say the general partner wants to be paid 6k each year for the lifetime of the loan. the operation of the asset would have to be able to support that amount correct? meaning it would have to be making a net profit of at least the 8k to the investor + the 6k to the GP + the other expenses like opex and capex etc each year correct?
Post: bonus depreciation questions
- Inspector
- Austin, TX
- Posts 109
- Votes 40
Quote from @Basit Siddiqi:
The income from the sale of securities is considered 'portfolio income' and is considered non-passive.
Rental activity in general is considered passive unless you are able to treat it as active or if your income is below $150,000(Then you can use some losses).
By default, the answer will be you can't unless your real estate is considered active or if your income is below the exception.
Post: bonus depreciation questions
- Inspector
- Austin, TX
- Posts 109
- Votes 40
Quote from @Basit Siddiqi:
The income from the sale of securities is considered 'portfolio income' and is considered non-passive.
Rental activity in general is considered passive unless you are able to treat it as active or if your income is below $150,000(Then you can use some losses).
By default, the answer will be you can't unless your real estate is considered active or if your income is below the exception.
Post: bonus depreciation questions
- Inspector
- Austin, TX
- Posts 109
- Votes 40
Hey everyone, i had a question about depreciation, i will give you my situation as an example. i currently own 1 single family that i have been renting out since 2021 and i just bought a duplex in march of 2024 in which one side is my primary residence and i am renting out the other side. I plan to sell quite a bit of stock this year (2024) in order to fund some renovations and want to use the depreciation of these properties (if possible) to offset my capital gains when i sell the stock. Am i thinking about this correctly? I have googled alot of information but it is hard to wrap my head around this specific subject.
- how can i get a rough estimate on how much the properties will offset? does BP offer a calculator like this?
-if i used bonus depreciation on my single family when i did my taxes this year for 2023 what does that mean for future years moving forward regarding the depreciation for the single family??
- should i use bonus depreciation every year?
-does depreciation work the same in the duplex since i am living in one side and renting the other? do i only depreciate the side that i am renting out?
-what is the most often used depreciation strategy or what kind of strategies do you use?
thank you !
Post: first house hack
- Inspector
- Austin, TX
- Posts 109
- Votes 40
Quote from @Sarita Scherpereel:
I'm terrible. I wouldn't replace or changed the HVAC system until I'm ready to move out of the property OR it breaks. Or maybe you are. I'm lost in the many hypotheticals here. I don't understand why you need to do what seems like extensive work on the HVAC. Does is need new ductwork? Condenser? I'm from Houston so I understand the magnitude of having a working AC.
I agree that a spreadsheet might be helpful to track the cost on this. And create a clear picture for what is a head.
My clients reach out years after their purchases to run through things like this because we know their property and deal just as well as they do. Have you sought advice from your realtor on this?
Post: first house hack
- Inspector
- Austin, TX
- Posts 109
- Votes 40
Quote from @Anthony Swain:
I like your long-term thinking and master plan. It sounds like you have a lot of transferable skills in the real estate industry. My only suggestion would be to keep growing your network with other multi-family investors because that will play a big part too.
As far as your duplex, I'd say to evaluate your options for overall return. Unfortunately, ACs are not massive ROI movers, because people just expect them. If you replace them now, then hopefully less headaches going forward.
For example, I had to replace a roof on one of my duplexes, so I asked the roofer for a combo deal on another duplex with an old roof to get a better deal. Now (knock on wood) I won't need to worry about either roof for 15-20 years at the least. I'm sure similar logic can be applied to your HVAC situation. However, maybe selling to capture that equity can help you on your bigger multi-family investing endeavors.
Good luck with your decisions Robby and keep us posted.
Thank you for your reply! I have been going to meet ups and trying to network with other investors/operators but i find it difficult to keep the relationships fresh so to speak. what are some techniques you think i can use to let the people i meet know that i really would like to keep in touch with them and continue the interactions? TIA
Post: first house hack
- Inspector
- Austin, TX
- Posts 109
- Votes 40
Hey everyone. Kind of a long post.
I have a master plan that ends with me becoming a general partner in multi family deals and eventually becoming financially free. I will use my knowledge in the home inspection field, owning and operating my home inspection business, the relationships i will make during that time, my experience in being a landlord and my knowledge as an licensed electrician and home inspector to help convince my investors that i am serious and have the skin in the game to get deals done. But right now, i currently own a SF in KY and am house hacking a duplex in round rock Texas. This Duplex was built in the 80s and has good bones but the HVAC systems will need to be replaced soon and there has been no major updates that have been done but this is one of the reasons why i bought it. i wanted to get the experience of being a landlord and renovating and managing multiple properties. but i have a few questions pertaining to the duplex house hack. I'll tell you guys what my plan is and you let me know what you think. My plan is to invest quite a but into this duplex during my stay. (plan on staying here for a couple years and then moving into my own home). At the end of the two years i hope to have most of the renovations done. I don't plan on doing a whole bunch of renovations but i do plan on updating the kitchens and re-insulating the attics and updating lighting and painting the inside. now for my questions...
-should i just bite the bullet and pay for the new HVAC systems? i really want to leave this duplex in a solid position when i move out and rent it. i realize that things WIILL break but i just want to make sure the big ticket items are taken care of.
-should i use savings to pay for the HVAC if i do end up getting new systems? I have the option of pulling out a HELOC from my home in KY that could cover the amount for both HVAC systems. and if i do that i could most likely use the cash flow from when i move out to make the payments on the HELOC. (not counting on it but just brainstorming)
-or should i focus on remodeling everything else except the HVAC?
-should i aim to sell the duplex? or keep it? I kinda want to keep it so i can use the equity to scale up.
Thanks for your input everyone and i look forward to hearing your thoughts.