All Forum Posts by: Scott Kim

Hi Alex, Have you found anyone? I am also from the Bay area and looking to form a team to participate in multifamily deals. Let me know if you are interested. Thanks

Hi BP!

My name is Scott, an investor from the Bay area. Looking for people to partner up with and research apartment deals in the Sacramento area. 

Please let me know if you are interested in discussing and putting a syndication deal with me. Thank you. 

Hello BP, 

Curious to know which websites do you rely on to gather information on a particular area?

Trying to invest out-of-state. Without having a team there at this time, I have to rely on internet sources for basic info. Crime rate, general area info, etc. If you could list specific websites, I would appreciate it Thanks. 

Hello BP-

I am studying up on the commercial (apartment) market in Sacramento, California. If you are an investor or entrepreneur and have done a deal and/or already managing apartments in Sacramento, can you please share your cash-flow reports? 

Want to learn what to expect for a Cap rate, IRR, NOI, Expense, distributions (monthly/quarterly) to equity investors, and ROI. There are limits to getting accurate info in the internet, and I would like to apply the real world numbers on my analysis.

If you don't mind, please share it with me. Please limit your response to the Sacramento market only, as this is the area of focus for me. Thank you! Look forward to getting to know you and learn. 

Have a great weekend. 

- Scott

Hello BP,

I am a beginner buy & hold investor and in the process of acquiring my first rental property in California. I am also planning on forming a business entity mainly for tax savings. 

My questions are: 

1.  Is this worth it considering this is my first property. Should I wait until I have more properties? Will there be a huge tax advantage for having an entity vs not at this point.

2. I am worried the tax implications of having the rental property in my name and increasing my income tax bracket later on. I understand that the rental income in LLC is pass-through and will be added to my personal income, but was also informed of other deductions I may be qualify for. (i.e. Home business write-off, etc).

3.  I know that for some lenders, purchasing it under an individual's name and transferring to an entity is troublesome.  

a. In this instance, what are your strategies to put your property in an LLC?

b. If this is a problem, how do you build your business credit in the beginning stage. Are there no other ways except for personally guaranteeing your business transactions until there's enough history in your LLC?

I would appreciate your answers based on a tax saving point-of-view.  I would like to avoid discussions on legal protection at this time. Thank you.

Good Morning BP!

Happy Sunday

Wanted to ask when you are looking for investment properties and starting a research of the area, which websites did you find most helpful? I'd like to know specifics other than Zillow, Realtor.com, or simply typing the area name on Google. 

i.e. 

1. Employment: 

2. Population:

3. Economy of the area: 

4. Criminal Info:

5. School Ratings:

Thank you!

- Scott 

Hi BP-

I am really interested in learning more about Self-Directed IRAs. 

From what I gather, this is a tax savings account (like a 401k), but the advantage of having this IRA is you can purchase a property with it.

My question is:

1.   Is this true?

2.   How do I get started?

3.   How much can I contribute towards it?

4. Is there an income limit restriction (i.e. if you make over certain amount per year, you can't put your money towards it)?

Here's my goal: I want to save money to towards a down-payment. and I want to keep my money protected and still purchase properties with it. Please, if you are familiar with self-directed IRAs, help answer above questions and how I go about starting it. 

Really looking for specific examples. Thanks!

- Scott

Hello,

Looking for rental properties to purchase in the areas near Sacramento. 

Mainly looking at areas between Hwy 50 & 80.  Any realtors or investors please contact me. Thank you!

Hello, 

Looking for residential (rental) properties out-of-state and create an LLC for an asset protection.

Does anyone know of any books that help you teach how to structure your real estate LLCs. I know accountants/attorneys are great resources, but want to get familiar with the subject myself first to ask right questions.

Thanks