-Investors account for about 23% of the city's single family home purchases-Many are focusing on San Antonio and other Texas cities because of the state’s relatively low home prices and fast-growing population-This is causing prices to go up for both investors and primary home buyers as the city's inventory levels are the tightest they have ever been-The investors buying single-family homes are responsible for a large part of the steep rise in home prices across the U.S.

-Investors account for about 23% of the city's single family home purchases-Many are focusing on San Antonio and other Texas cities because of the state’s relatively low home prices and fast-growing population-This is causing prices to go up for both investors and primary home buyers as the city's inventory levels are the tightest they have ever been-The investors buying single-family homes are responsible for a large part of the steep rise in home prices across the U.S.

Couple tax related questions:1) A 1031 exchange would never come into play in this scenario since there's no actual 'sale' taking place. 2) If we did an actual sale instead of a transfer, could he use a 1031 exchange to pay off his RV and pay no capital gains on the difference between the sale price and the $88k he bought it for 30 years ago?

Using BP book, Raising Private Capital, Matt Faircloth page 34, The One Page Business Plan, by Jim Horan.I look forward to using this invaluable tool, to buy-hold distressed single and multi-family properties.BP highly recommends refining business posts on Facebook, Linkedin, website, etc.Would you please suggest favorite groups that relate to investing in real estate.Cheers,Jeffrey Baxter

Through the last couple of month, in addition to studying on the license I developed my knowledge of several real estate-related apps and software so when I am asking for an opportunity I would have something to offer as well, such as: Matterport, Inc (for making 3-D renderings of assets so that prospective buyers may take virtual tours)Repair Estimator Plus (for estimating the costs and expenses associated with each deal)Follow up boss (for centralizing communication)Cloud attract (for building landing pages)Wise agent (for email automation)LionDesk (for recording and embedding videos into emails and texts)Spacio (for digitizing open house sign-in forms) PalmAgent One (for estimating closing costs)Disclosures.io (for organizing and sharing disclosures)Dotloop (for signing offers and closing documents)Looking forward to hearing back from you.Best regards,Reza Rostamnezhad

Just markets that have low rent relative to purchase price. 

I have learned that referrals are not always true and I need to vett the individuals/realtors out properly and better.I have also learned that I need to breakdown my designs into a format spreadsheet report that captures all associated costs related to details in the beginning stages and not wait on my realtor to ask for the report.

Everyone on the property is concerned about health and safety related to Covid and we are all vaccinated, except for the kids.

We are in an expensive area (Santa Barbara, CA) where the cost for cleaning services is minimal relative to the rent prices, so I can't imagine many tenants would quarrel over this, especially if it is included in the rent.

If you have any doubts....here's the exact verbiage from Fannie Mae:B3-4.3-15, Borrowed Funds Secured by an Asset IntroductionThis topic contains information on borrowed funds secured by an asset, including:• Borrowed Funds Secured by an Asset• Secured Loans as Debt• Reducing the Asset by the Amount Borrowed• Documentation RequirementsBorrowed Funds Secured by an AssetBorrowed funds secured by an asset are an acceptable source of funds for the down payment, closing costs, and reserves, since borrowed funds secured by an asset represent a return of equity.Assets that may be used to secure funds include automobiles, artwork, collectibles, real estate, or financial assets, such as savings accounts, certificates of deposit, stocks, bonds, and 401(k) accounts.Secured Loans as DebtWhen qualifying the borrower, the lender must consider monthly payments for secured loans as a debt.If a secured loan does not require monthly payments, the lender must calculate an equivalent amount and consider that amount as a recurring debt.When loans are secured by the borrower’s financial assets, monthly payments for the loan do not have to be considered as long-term debt.Reducing the Asset by the Amount BorrowedIf the borrower uses the same financial asset as part of his or her financial reserves, the lender must reduce the value of the asset by the amount of proceeds and related fees for the secured loan.Documentation RequirementsThe lender must document the following:• the terms of the secured loan,• evidence that the party providing the secured loan is not a party to the sale, and• evidence that the funds have been transferred to the borrower