All Forum Posts by: Yuval Molcho

GREAT JOB dude!

thanks for the referrals. Good luck with future projects!

Could you share the address?

Hi,

Thanks for sharing. I know it's been a while, any updated about how did the flip project go? Did you find a good GC to do the job? Was it finished on time within and the budget? 

I would love to get those referrals if it did, finding a good GC in Columbus seems more difficult than anticipated.

Thanks

Thanks for the answer! 

What about state income tax? 

Am I obliged to pay at the country of LLC's origin? Even if the income was generated elsewhere?

Hi all,

I am trying to understand if I should use my OH-based LLC to invest in Memphis, or should I establish another LLC in Tennesee. Holding an LLC in OH is simple with no annual fees etc, but I understand that it is a different story in TN.

What is the meaning of operating in TN with an OH LLC? I need to register my LLC as I am "transacting business" by buying rental property and generating income. But do I also need to oblige with all other requirements of an LLC established in TN?

Thanks

 Still learning how to quote correctly :)

Hope you saw my previous comment, I'd love to hear what you think!

Thanks, @James Wise for sharing your guide. I saw you have made those for other locations also.

I'm seeing that property tax is uniquely high in Cleveland, and in combination with relatively high city regulations and involvement, makes this market an interesting choice for new investors. What do you think?

The risk of paying 25% of gross income as tax, just to get an inspection from the city that will disqualify your rent registration, seems risky when you have only a few properties. Am I correct?

Yuval

Thank you all for the warm welcome! Meeting new great people is another great advantage that I missed out on in my original post!

Hi everybody,

I'm happy to be a part of the amazing community. The knowledge I received from reading posts and comments are invaluable and are helping me build the system I need to financial freedom.

My name is Yuval and I'm 32-years old rental property investor from Tel-Aviv, Israel. I have decided to invest out of my country due to regulations on investors and price affiliation that are making the journey to financial freedom much much slower (though not impossible). The main issues I deal with when trying to invest in the US are financing and time differences causing me to work a "second shift" restarting my day at 2 PM.

I own 3 rental properties back home and truly appreciate the power of passive income, equity buildup through mortgage amortization, and price affiliation. It helped me reach 40-50% of my passive income goal. I'm looking for connections in Cleveland Ohio and would like to start from a solid, cash deal SF rental property.

I have read a lot, heard dozens of BP podcasts, and countless posts, and I feel ready to jump into my first deal in the US. Looking forward to this exciting journey and trying to enjoy the way to the finish line as well as the crossing itself.

I couldn't agree more. And I would also like to add, that once you dig deep into a specific market (zipcode even) and connect with people who have boots on the ground, you can find deals that will qualify for BRRRR in almost any market. Especially today when cash buyers with fast closing are even more attractive to some sellers.

You still need to search for those market characteristics in my opinion:

1. The market is hot enough for you to be able to find a tenant quickly and move to the next deal.

2. There are a lot of likewise properties that might be able to qualify for a future BRRRR deal.

3. In general, the market in affiliating in a way that will support equity growth over time and allow you to refinance and cash out more equity for future deals after your system is in place.

Yuval

@Nicholas Sheridan, Jr. Congratulations Buddy!! Thank you for sharing

good luck in future investments. Wait for me on the other side! I'm on my way on making my first remote-investment.