All Forum Posts by: Account Closed

Bonjour Dana!

As you are interested in flipping apartments and houses I am sure you have looked up 'Marchand de biens'. If you acquire good under the status of 'Marchand de biens' rather than in own name: there is no tax on the capital gain when a sale is made by a professional. I am sure profits could be made flipping properties in France too but everything depends on what we do and how we do it.

I have found this site very helpful. I hope you will find it as helpful as I did.

https://www.french-property.co...

Bien cordialement,

Sam

@Fabrice Arbaudie

Thank you Fabric!

Bonjour!

I am from France. And I think I read somewhere that you can only refinance your property in France if it is your primary residence. Therefore, you cannot refinance your investment property. Hence, you can just BRRR not BRRRR. Is it true? If it is, then what are the other strategies we can adopt in France?

Thanks

Sam

@Andrew Postell

Thank you! I was wondering why it has not been answered.

@Fabrice Arbaudie

Bonjour Fabrice.

And thanks a lot for the answering my query! I post few questions here on BiggerPockets regarding real estate investment in France. Looks like there are very few people here who are based on France.

If you dont mind, can you tell me if you can refinance your investment property in France or not? Is it true that you can only refinance a property which is your principal residence?

That means the BRRRR doesn't quite work here.

It's more like, it's limited to BRRR.

Once again thank you so much for answering my question.

Bonne journée!

Sam

Bonjour mes cher amis de France

I am a newbie here. And I think I read somewhere that you can only refinance your property in France if it is your primary residence. Therefore, you cannot refinance your investment property.

Hence, you can just BRRR not BRRRR.

Is it true? If it is, then what are the other strategies we can adopt in France?

Thanks

Sam

Hello everyone. Can anyone explain how taxe d’habitation works?

I learned that the tenant pays it, when they occupy for long term. But I still cannot wrap my head around the calculation. But It is calculated on the basis of property value, or rent? And how much % are we talking about?

As far as I have learned, they say the calculation is complex. I would like to get just the rough idea.

It would be really helpful if some one could explain this.

Also, if someone has experience of investing in France or Europe, please let me know. I hope you’d be kind enough to let me pick your brain.

Hey guys, from France.

So as I was doing my research on rental investment properties And laws we need to abide by. I realized there are lots of rules and exceptions and rules and exceptions for tax exemptions. There are some ways according to french-property.com by which we can save tons of money by opting for Régime Réel.

I did read everything that was on the site and I understood them, but there are so many rules that, it will be really hard for me to navigate through.

Anyways, coming to the point, my question is should I hire a lawyer or an accountant to do the job of sorting the taxable income? Given that my first investment property’s gross revenue and cash flow, both are going to be small. So, I was thinking I should be hiring the most necessary one. What do you think guys?

@Yoni Benimetzky

Thank you very much, I would very well want to get the license, I hope there aren’t strict criteria here in France for that.

Plus I learned from this forum that the French government does not really support these kind of income, whole heartedly . So they tax it heavily.

@Nicole Heasley

One year. As far as I know now.