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Updated about 6 years ago on . Most recent reply

User Stats

8
Posts
1
Votes
George Xu
  • Rental Property Investor
  • New Haven, CT
1
Votes |
8
Posts

New(ish) investor looking to scale

George Xu
  • Rental Property Investor
  • New Haven, CT
Posted

Hello BiggerPockets!

We are a husband and wife team with investment properties in CT. We started investing in rental properties in 2016 and have a portfolio of condo units, single family, and multi-family houses. We've completed one re-hab and are currently working on another one. We both work full time in non-real estate professions (tech executive & physician) and are currently self-managing our properties. Our near-term plan (in the next 6 months) is to formalize our real estate business and set up the right entities for asset protection and tax purposes. Our long-term plans are to continue to build wealth through real estate investment through scaling our investments in rentals and looking into other real estate opportunities (e.g., commercial properties, development). 

We would love to connect with other real estate investors and professionals, especially CPAs, lawyers, and others to help round out our team. I'm especially dreading what our tax liability will be this year.   

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