Have you run the numbers including property taxes and insurance?

I am located in London, UK and am looking to purchase a BTL or BRRR this year but am wary of any possible challenges I might face due to my location.Any shared experience would be appreciated, especially covering topics like tax, financing and property management?

These LP's are also usually invested in the most risky partnership opportunities, miss out on the most efficient tax treatment and never get to take advantage of the realization events your LP's will experience.

Combine that with no state income tax and landlord friendly all add up to a solid appreciation RE market.

In my area, lenders want to see a tax return, minimum of 1 year of rental income history before counting that as additional income.

Hey Nirmal, My understanding of the California Claw-Back clause is that typically when you cash out your 1031 property, the property that you cash out and sell is only subject to state taxes in the state that they are sold in.

Shelter some deferred income payouts by potentially working to gain REPS status (Invest-Rehab-Flip? 

The person I spoke to has provided credit score, previous tax forms, and account statements.  

If it’s their primary they may want the tax free sale.

There are 20+ real estate tax pros commenting here.