All Forum Posts by: Jordan Sinclair

 Jordan and Laurie are you guys in the US? I'd like to hear details about how you got started here if you'd be kind enough to share.

Hi all 

I have been investing in Australia and the Philippines for the past 15 years.

I lean towards buy renovate and rent , but also looking at renovate to sell as well .

My wife and I have  7 rental properties and  2 commercial properties  we also have some experience with renovating properties (3  so fare ) and we have done ok doing the work ourselves. 

I was curious to know about potential opportunities to invest in property in the US  and if it is at all possible or even worth while .

Thanks 

Bryan 

@Michael King

Yes I'm in Australia - hence being in this thread :)

I agree - I'm inclined to set-up my own LLC in my preferred state as it certainly seems like an expensive route otherwise. I may continue to gather info on pros / cons of this.

Hi everyone, overall goal is 8-10% COC and total 15-20% ROI 5-10 year period. Strategy right now is to place 50% of the cash on syndicates focusing on class B/C residential assets and another 50% of cash on single family homes with 70-75% leverage. I am not the "analysis/paralysis" type, the opposite - may tend to pull the trigger too quickly. Investigated several platforms:

Roofstock - Found that prices are inflated and many times quants are not dependable.  Highly volatile experience from many people - some discussions here made me think twice.

Crowdstreet - looks dependable enough, anyone has experience there?

Read blogs, listened to podcasts, books, but still seeking a good and dependable place to start, there's so much noise.   Where do you start?  Who do you trust?  

Would love to learn from others' experience good/bad on looong distance investing (+6 hrs time difference EST). 

I work a full time job but can place 20-25% time on real estate research, investment and management.  

Much appreciate the advice

Hi Jordan,

isn't this $25,000 only applicable if you don't complete this form or it's done incorrectly? A good CPA would be able to help with a 5472. 

Hi all,

just dropping in saying hello before I start posting questions etc.

I'm interested in flipping and long term renting for cashflow. I've not got any business that's related to property other than investing, so a mom and pop show essentially. However I'm trying to change that as the dream is to retire from my day job and do this full time.

I live in Australia so would like to make friends and build relationships with all you who's on the ground or are doing the same as me.

Hopefully our mutual friendship will result in win win deals for all.

Dave

@Michael King . Great idea for a thread, I’m sure there are quite a few Aussies on this site.

I started investing in the USA in 2014 . So far I have acquired 12 doors in Ohio. All have been purchased 100% with cash. I have found a few finance possibilities but they have been unpalatable in terms of interest rate and points.

I’m happy to answer any questions anyone has.

I am strongly considering to invest in the US for buy and hold properties with good cash flowing possibilities, and potential growth. 
Which markets should I research? 
Are there laws that I should be aware of as a foreign investor? 

All info is greatly appreciated! 

Krisztian

Hi All,

Merry Christmas!

I'm a British expat working in China and have been looking for a way to improve on the poor returns I've seen in China and Europe recently. Some US rental markets do look very attractive, such as Memphis, Detroit, Indiana, Jacksonville, maybe Austin. However, before I even look at that, I'll need an LLC to collect my income. I could maybe put in 300k of my own and finance some more through financing on those properties.

From what I understand, as a foreigner we pay 30% federal income tax on rental income, but via an LLC, we can deduct the same expenses as a local investor off the income, if we file a tax return. Apparently, we may be able to lower it depending on the taxation treaties our countries have with the US (I have a Belgian and British passport, so need to do some digging)

With that in mind, if I end up owning a number of rental properties across the country, which state am I best off putting my LLC in? Do I pay additional state tax on top of federal income tax based on what state my property is in or does it depend on where the LLC is? Should I have an LLC in every state I own a property in?

Thanks for taking the time to answer!