All Forum Posts by: Jim Tiernan

41st and Fox redevelopment:

http://www.denvergov.org/Portals/193/documents/38t...

apparently I got lucky as I moved to Sunnyside 80211 fourteen years ago and bought a rental in Cole 80205 in 2012. Both areas have changed (and appreciated) a ton.

I think both areas still have a way to go with some of the big changes going on at 41st and Fox (new light rail), Globeville and National Western Complex.

Hopefully these links come across if you're interested in details:

http://www.denvergov.org/Portals/193/documents/38t... and Fox Station Area Plan_11_4_09.pdf 

http://www.denvergov.org/Portals/728/documents/NDC...

http://www.denvergov.org/Portals/646/documents/pla...

thanks for the info @Colin G Murphy!

@Nick Brubaker, Local Market Monitor does have some stats on the 300+ MSAs in the USA. Things like 3-year appreciation forecast, job growth, rent ratios, value etc

Thanks,

Jim

I recently acquired Irish citizenship (also a U.S. Citizen). I'd be interested to hear about any other U.S. Citizens who invest in Ireland. I'd be looking for cash flowing properties. 

Generally, how does it compare to investing here in the states? 

Do you put down a certain percent? Are there 30 year mortgages?

Are returns similar?

How is it taxed? Do profits get taxed on my U.S. Tax return? Would I file an Irish tax return (I'm assuming they have those). Or is it completely separate?

What kind of entity do you use? I would probably invest with my sister, who is also an Irish citizen.

Any info would help.....

Thanks!

Jim

FYI Investability.com is a nice start. If they can tie into the MLS that would be a game changer. Investors would be able to scan and sort an MSA in an instant.

thanks @Eric Black, @Wayne Brooks and @Account Closed.

I changed the insurance back to my name and following the advice of my lawyer 

(who has a lot of real estate experience), added the LLC as additionally insured.

The bank has not objected to this.

Anybody else have this happen? I bought a rental in my name, then transferred title from my name into my LLC and also changed the name on the insurance to my LLC. I received a letter from Chase saying "the name on the insurance policy doesn't match the name on our records or your loan documents. We may not be able to accept the policy information as proof of insurance coverage for your loan until this discrepancy is resolved."

Further down "if our records are correct, contact your insurance company to update your policy and send a revised copy".

Also "if we don't receive updated information by May 20th, 2015, we may purchase an insurance policy on your behalf and charge your escrow account for the premium. This policy is likely to be significantly more expensive than a policy you would purchase, provide less coverage for your home and may increase your monthly mortgage payment."

 Is this a way for Chase to discourage the use of LLCs?

If I put the insurance back in my name, I still leave the title in the name of the LLC?

Or do I have to change title back to my name too? And if so what's the point of having an LLC?

Thanks,

Jim

thanks @Bill S. , @Robert Leonard and @David S.

@Braden Smith that sounds a lot like what Denver is going thru

I will be in town for the fest this weekend and wouldn't mind hearing about the rental market in the warehouse, quarter and Marigny areas. I have rentals in Chicago, Denver, soon to be DFW and have always thought about the big easy.

Let me know,

Thanks,

Jim