All Forum Posts by: Shawn Ward

Shawn Ward has started 27 posts and replied 580 times.

THANKS @Jo-Ann Lapin ! Was a lot of hard work.

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You're Invited!

Please join the Belle Hampton Properties team for cocktails, hors d'oeuvres and music as you tour our latest real estate masterpiece. You MUST RSVP as capacity is limited. Details are as follows:

Date: This Saturday, January 6, 2018
Time: 4pm-7pm
Location: 4482 Dudley Drive, Los Angeles, CA 90032

If you plan to attend:
1. We highly encourage you use Lyft or Uber for transportation since parking in the hills is very limited. If you choose to drive, be prepared to park down on Huntington Dr and take a 5 min walk up the hill (the calories burnt will def help those New Years Resolutions!).
2. Please RSVP to: [email protected]

About the Home:
We are so excited to announce that we have completed our third Belle Hampton Properties rehab of 2017 and we are super-excited to unveil it to YOU, our friends & family. This El Sereno hilltop home, built in 1919, had been left to deteriorate over the past few decades, but we saw the huge potential and began a five month journey to transform it into a modern hilltop masterpiece with SPECTACULAR views!

Thanks and see you Saturday!

Shawn & Zerik

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@Joseph M. Los Angeles. If you want to chat, shoot me a DM.

Thanks!

sjw

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Great job @Nicholas W. !

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@Andrew Enness welcome! Crazy coincidences here. My wife is Sarah...and she is Australian (Sydney). We lived in NYC for 16 years and jut moved to LA in April.

I have a well established REI company here and due to our similarities and your goals, you can feel free to DM me any time and come by one of our properties and tap my brain in the new year.

All the best!

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@James You If inspector doesn’t like it they have the authority to tell a homeonwner to put a structure back to its original state at the clients cost or get fined for a very long time and possibly eventually have a lien put on the property. Probably better to go to the local city building and safety and ask hypothetically if they were to convert the garage would the city allow it and what would the requirements be before making any upgrades or changes to the garage.

1 Vote

Thanks for the links @Karen Margrave

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@Laith Ali my understanding is that if you flip it within 1 year, you'll be charged taxes at your normal tax rate, so it depends on what you make...and if you flip after 1 year, then it will be taxed as capital gains.

Onwards!

sjw

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@Austin Hughes I agree with @matthew

@Matthew Paul . Sounds like its too early in your biz to hire the A Talent person. Go out and hire a part time Project Manager and test them out for 6 months...low salary..bonus structure...and then you can expand their hours and pay if it makes sense....always start small...then grow....let the business drive the expense.

Onwards!

sjw

1 Vote

@Ben Kirchner I HIGHLY recommend you hire a CPA to do your taxes. And I'd recommend it even if you didn't get into REI.

A good accountant will get you every dime you deserve and leave nothing on the table...all legally of course.

Reach out to the 10 smartest people you know and get recommendation for a CPA and find out their pricing.

If you need an 11th recommendation, DM me and I'll do an intro to my guy.

All the best!

sjw

2 Votes

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All Forum Posts by: Shawn Ward

Shawn Ward has started 27 posts and replied 580 times.

Post: Tour Belle Hampton Properties' latest flip in Los Angeles

Post: Tour Belle Hampton Properties' latest flip in Los Angeles

Post: First "official" BRRRR Completed

Post: This BRRRR thing really does work, with pictures

Post: Expat Australian in Los Angeles

Post: ADU (garage) conversion permit in East LA

Post: Regulating Sober Living can impact other uses too

Post: What is your tax rate when flipping houses

Post: HELP! Major hiring decision. Input needed.

Post: Hire a CPA for my 2017 taxes?