All Forum Posts by: Julien Payne
Julien Payne has started 1 posts and replied 6 times.
Post: 1st House Hack 19 year old investor!
- Posts 6
- Votes 3
Well done Elijah, great start, congratulations, here’s to the next one!!👍
Quote from @Bradley Buxton:
Congratulations on leaping international real estate! Think about your goals but also your time and energy budget when choosing an asset or location. Having friends near by can be an advantage.
Thanks Bradley, spot on thank you. My eyes are wide open!
Quote from @Justin Brickman:
I'm investing in San Antonio, Currently have a handful of single family houses that I use for MTR/STR.
Pros of investing in San Antonio - High potential for appreciation. High potential to cash flow early. Also, there are many different areas of San Antonio to invest because of the many military bases, hospitals and great schools.
Cons - Texas Property Taxes are a bit higher than most
Hello, just jumping in on this apologies, if Texas taxes are prohibitive, what states are not and does it make a difference where the LLC is registered or not? as in, are Texas taxes just high regardless of where the LLC is registered, Delaware for example? Thank you
Thanks Ryan, perfect response, cheers!
Thank you Bryce, Long term rentals was my initial thought so thank you for concurring. as an experienced property investor, I understand the value in having an established local power team. being part of this forum will hopefully allow me to establish one at some point. are you suggesting that it is important to have an LLC in each state that you invest in? this would seem odd to me, I was hoping that one LLC held somewhere would allow for investing across the US so I was interested as to which State would be the most beneficial tax wise really. thank you for taking the time to respond.
Hello BP forum, I am interested in investing in the US generally and would like to build a medium to large rental portfolio, are there any key areas I should be looking at or should stay away from? I know there are many great tax breaks too from my listening to the BP podcast so I presume that owning property in a company is the best way forward in the USA, much like it is in Europe, is this true and if so, what company structure is best please? I am based in London England but have good mates in Newport Beach and Oakland. I am at the early stage of research at the moment so just putting feelers out as it doesn't matter to me where I invest, I just want to start out somewhere. I guess a stupid opening question would be, what strategy is the best for a long distance investor to get started? my strategy in the UK is rental but I also do BRRR from time to time and have dabbled in multiple occupancy too, we call them HMOS in the UK (Houses of Multiple Occupancy) but I realise our terminology is very different. Anyway, I wanted to introduce myself and say hi in the first instance. And finally, is there a more tax efficient state to base the company-i.e. Delaware or Texas or does it make no difference whatsoever? Thank you, Jules