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Updated 5 months ago,

User Stats

6
Posts
3
Votes
Julien Payne
3
Votes |
6
Posts

New Investor in USA question

Julien Payne
Posted

Hello BP forum, I am interested in investing in the US generally and would like to build a medium to large rental portfolio, are there any key areas I should be looking at or should stay away from? I know there are many great tax breaks too from my listening to the BP podcast so I presume that owning property in a company is the best way forward in the USA, much like it is in Europe, is this true and if so, what company structure is best please? I am based in London England but have good mates in Newport Beach and Oakland. I am at the early stage of research at the moment so just putting feelers out as it doesn't matter to me where I invest, I just want to start out somewhere. I guess a stupid opening question would be, what strategy is the best for a long distance investor to get started? my strategy in the UK is rental but I also do BRRR from time to time and have dabbled in multiple occupancy too, we call them HMOS in the UK (Houses of Multiple Occupancy) but I realise our terminology is very different. Anyway, I wanted to introduce myself and say hi in the first instance. And finally, is there a more tax efficient state to base the company-i.e. Delaware or Texas or does it make no difference whatsoever? Thank you, Jules

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