All Forum Posts by: Felipe Lecaros

I have. It was my first investment in AL (Jan. 2022) and they are GREAT! Complete worry-free investment in Tuscaloosa. It cash-flows well and they are very responsive. I am thinking on investing with them again soon. 

Hi all,

Looking for a client-focused, small management company to help me manage my properties. I don´t want to be a number and don´t cause much troubles. Property is currently leased until Feb. 2024. 

Thanks,

Felipe

Hi all,

New investor (7 units-buy and hold) looking for someone that is readily available, ideally knowledgeable with Stessa and affordable. I am having troubles classifying my expenses and also have a full-time job that does not allow me to dig into the details of the accounting-bookeeping details. I invest from overseas and planning to expand my portfolio greatly through partnerships in the next 5 years. Any reccomendation of people (in the US or overseas) would be greatly appreciated. 

Thanks,

Felipe

Hi all,

Rookie investor looking for a good and reliable management company for a newly-acquired Quad in Grain Valley, MO (Kansas City). 

Good communication and clear statements a must!

Thanks,

Felipe

Hello everybody,

I am hoping to pick the brains of experienced investors on the topic ofinvesting in partnership with a foreign partner.

The question is how would you structure deals with a foreign partner, considering the following information:

1. I am a US citizen investing (from overseas)on SFH and small multifamily.

2. I have family and friends overseas (that are not US citizens) who want to invest (along with me) in the U.S RE market for long-term asset protection (not necessarily to get any cash flow) 

3. I would like to offer an investment structure that do not force foreign partners to declare and pay taxes in the US.

4. I could structure the deals sharing equity (putting different amounts for the down payment) or simply, for me as a general partner, getting all the cash flow for a number of years.

5. I will be the one guaranteeing the (commercial?) loan used to buy the properties through an LLC.

6. I want to find a fair way tocompensate me for knowing the business, finding the market, finding the deal, structuring it, do all the legal work, manage the managers, etc. and the other (limited) partner gets to keep ownership of the property for the long term.

I am grateful for any advise. Also, reccomendations on any book on this matter would be highly appreciated (I haven´t found any).

THANKS!!

Felipe

Hi all, 

I am an out of state investor, new to the Birmimgham market. I am looking for a in rockstar RE Agent to be my eyes (and everything else) there. Any reccomendations?

Thanks, 

Felipe

I have a credit score of 799 and haven’t lived in the U.S. for 6 years now. It shows that she -most likely- had a good score before she left and maintained it over the years. I would ask for her score history and for references where she lives now (and check them). I would also like to meet her (even via Zoom) and see what vibes you get. I wouldn’t disqualify her just for that.

Hope this helps. 

Felipe 

Hi all,

I am aligning everything to do my first REI in the U.S. and I am wondering if there is any CPA out there that can help with the following: I am a U.S. citizen living and working overseas (for 6 years now). I have my "bone fide tax residence" in Chile since 2015. Hence, I pay taxes in the U.S. claiming the Foreign Earned Income Exemption (Form 2555)

I have a client in the U.S. that pays me for my services (provided from Chile) to its business in NY (mostly compliance services -and some general legal orientation since I am an admitted attorney in NY). I get paid and every year and my client issues me a 1099-MISC. I was told that, since they reported my income in box 3 (instead of 14- for payments to attorneys) I have to pay Self Employment Tax (SET) in the U.S.- Is this correct? Even if the services were provided in Chile and I reside in Chile for tax purposes? Does that mean that I cannot take any U.S. clients without paying the SET? (since they will issue me a 1099-MISC).

Many thanks for any help or guidance with this issue.

Cheers

Hi all,

I am aligning everything to do my first REI in the U.S. and I am wondering if there is any CPA out there that can help with the following: I am a U.S. citizen living and working overseas (for 6 years now). I have my "bone fide tax residence" in Chile since 2015. Hence, I pay taxes in the U.S. claiming the Foreign Earned Income Exemption (Form 2555)

I have a client in the U.S. that pays me for my services (provided from Chile) to its business in NY (mostly compliance services -and some general legal orientation since I am an admitted attorney in NY). I get paid and every year and my client issues me a 1099-MISC. I was told that, since they reported my income in box 3 (instead of 14- for payments to attorneys) I have to pay Self Employment Tax (SET) in the U.S.- Is this correct?  Even if the services were provided in Chile and I reside in Chile for tax purposes? Does that mean that I cannot take any U.S. clients without paying the SET? (since they will issue me a 1099-MISC).

Many thanks for any help or guidance with this issue. 

Cheers,

Felipe

Thank you Tim for your response. I will certainly PM you to get those contacts! 

Cheers and thx again!

Felipe