Planning to invest in North Alabama

Planning to invest in North Alabama

Investor · Mountain View, CA · Member since 2021 · 1 post · 0 votes

I am Alex from California, a newbie looking to learn from this forum. I am currently looking at SFH in Huntsville as an investor. I am interested in Multi-family properties as well.
I wanted to check if property taxes are double for investors in Hunstville and surrounding areas compared to owner-occupied properties.
Is there any tax benefits in having a LLC incorporated in Alabama with local address for real-estate taxes?

Also any recommendation for good title companies that are affordable than what builder's provide?

Alex

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  • Rental Property Investor · Fremont, CA · Member since 2016 · 298 posts · 222 votes
    3y

    Hi @Alex Na!

    Welcome to RE investing. I am a fellow investor investing in Huntsville.

    Are property taxes double for investors in Huntsville?
    >> Not really but there is a homestead tax exemption for retail buyers so yes taxes will be little higher for investors but you can easily calculate the taxes by going to countys website. For example here is the madison county estimated tax link

    https://www.madisoncountyal.gov/departments/tax-assessor/estimate-taxes

    Is there any tax benefits in having a LLC incorporated in Alabama with local address for real-estate taxes?

    >> There is no tax benefit in having LLC vs having it in your name.

    Also any recommendation for good title companies that are affordable than what builder's provide?

    >> I have used harrison and gammons and Conwell Title and have had good experience with both of them.

    Hope this helps. All the best in your RE journey!

  • Julio GonzalezPro Member
    Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
    3y

    Hi Alex, this is a great place to learn and to connect with people so take advantage of all the great resources.

    Welcome aboard and best of luck investing!

  • Lender · San Diego, CA · Member since 2022 · 587 posts · 298 votes
    3y

    Hi Alex-

    Welcome to BP! I recently relocated to California. I'd love to connect and discuss real estate with you. 

  • Investor · Denver · Member since 2018 · 16 posts · 13 votes
    3y

    Hi all,

    I am recently retired from the AF and looking to invest out of state in Huntsville. Would like to talk to anyone who is a SME of the area. Much thanks!! 

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