All Forum Posts by: Yu Liu

 it's the easiest thing that can be done and is practically low risk, just not the most convenient.

did you figure it out? feel free to reach out to me

when I had roommates, I added me and my roommates onto the policy together and it was fine. 

This is a "it depends" situation. It depends on what your learning style is, I personally haven't done a bootcamp but im sure it's one great option. I would always advise having a mentor, someone you trust and respect that does more than you and you add value to them and in return have them as a resource to ask questions if you ever have them

some people buy multifamily and since they're buying 5, 10, 50 units at a time, the economies of scale comes into play.

sounds like you might be in that position, so maybe research more commercial multifamily or commercial real estate such as mobile home parks etc

Thanks for sharing, very interesting insight. How does it work to put a tiny home on a lot, what's all required, how much is it and how long does it typically take?

Thanks for sharing and starting this conversation. I would love to own something in the Bay Area and this brought out an interesting perspective and conversation. Hmm maybe I could look into easy bay a little more. 

If you want to get into multifamily, find mentors and build your network. Go to meetups, reach out to those that are doing it. Work for free and absorb as much as you can from the people that are doing it and see if that's what you want to do. 

Congratulations on the sale of your business. I am not a tax professional so do your own due-diligence but from my understanding, you should be able to take whatever you are able to cost seg/depreciate from your assets since you and your wife are REPS. Even if just your wife was a REPs and you wouldn't it should still be okay to do assuming your assets provide up to that 2.5M in depreciation and you closed on all of them this year. One thing to note is that cost seg is 80% this year so you might have to find another property to buy in order to fully max it out but yea talk to a tax professional to do the math on that

Congrats again, a great problem to have. 

It really depends but typically general consensus is I try to stay away from locals 99% of the time because they usually end up throwing a party or very large gathering. 2/3 experiences have been like that so I stopped taking locals and I always pepper them with questions too. 

But hopefully their 2 reviews are good. 

Probably not needed ...but Sometimes I do some googling and look at their facebooks too, if they're younger say less than 30, more likely to throw a party.

All the best and keep us updated!