All Forum Posts by: Guillaume Rouleau

Hi

Thanks for your answers !!

I should have told you in my post, I am not looking to do that on my own. I will hire professionals that's for sure, I know it s a tough process, and want to play safe.

I just wanted to know if you knew some books who could be interesting, as I am looking for guidance, a way to be able to follow the construction process, in order to be a little more educated about the different steps, tasks a builder or architect will encounter during a project.

I will take a look at those magazines, thanks Mike.

Hi,

I am currently thinking to turn one of my property into a small condo building. I do like to read books about Real Estate, do you know any that could be helpful for small building construction ?

Thanks

Hi !! I have a question about tax rate on capital gain, I got multiple rates, and not sure which to rely on

I made X amount on a short term sale in Los Angeles, Bought the property in January 2016 and got offered a high price to sell in November. Two issues there, the first one is I was living in it the whole time, and there is no chance I could prove the contrary. I have not done any upgrades to the condo. Lets say I fall into a 25% tax bracket, what will be my combined tax rate. I understood it would be a combined 33.3% if I were to sell after one year anniversary, but I just wanted to know how high the Short Term Sale would hit me. Please correct me if the above are wrong

Thanks for your answers

Hi !! I have a question about tax rate on capital gain, I got multiple rates, and not sure which to rely on

I made X amount on a short term sale in Los Angeles, Bought the property in January 2016 and got offered a high price to sell in November. Two issues there, the first one is I was living in it the whole time, and there is no chance I could prove the contrary. I have not done any upgrades to the condo. Lets say I fall into a 25% tax bracket, what will be my combined tax rate. I understood it would be a combined 33.3% if I were to sell after one year anniversary, but I just wanted to know how high the Short Term Sale would hit me. Please correct me if the above are wrong

Thanks for your answers

Hi Guys I am sorry It took me a while to answer back to your posts.

Fernando, thanks for sharing your experience. To be honest, I have not followed the advise of those lawyers, and I have used only one LLC per state to register my properties. Somehow I totally feel you when you mention the extra cost required to create each entity, which made me think, those legal pro were selling me some extra protection, but an extra costs. I didn't have any bad experience yet with my LLC, so far so good. It would be a good idea to create a post on BP.

When you do the math, it seems Memphis real estate market has some great advantages of its own, the cap rates offered for investors for a buy and hold strategy are really competitive. I am just starting to discover the city and its local market, even If I have never been there, yet. Are there any neighborhoods you would advise me to look into it ?

I was an active investor on the Dubai market, how is it going there now days ?

Thanks for sharing your experiences and advises !!

and three years later..

Welcome to BP !! I have lived, and still have a house in Switzerland, close to Nyon, in the canton de Vaud. How funny it is to see how the world can be such a small place.

Hey Jacob, I was living between Dubai and Nyon for a few years, and I have decided to cross the ocean three years ago, and I started to invest in Austin Texas. I still own some properties there, and I am now based in California, but I often come to TX. I would be curious to hear your thoughts about the local market !!

Apart from being a native Memphian, could you tell me why you decided to pick Memphis ? I am curious to hear about the local residential market...Thanks for sharing

Hi Fernando,

I have lived in Dubai for 6 years and was actively investing there. We left in 2014 and now we are settling in Los Angeles. I have purchased different type of properties in Texas and California, every time under the LLC regime. I have read you have already created your LLC. I have discussed the LLC with different lawyers and they all advised to create a single LLC for each property, in case you would face a lawsuit on of your properties, the others could be threaten as well.

Hi Mark,

Thanks for sharing what it seems to be a great opportunity. Could you send me some more details at [email protected]