All Forum Posts by: Jennifer S.

Hi all, what a great, useful thread.

I notice that there's understandable heavy emphasis on demand drivers for real estate (jobs, population growth etc). 

I saw much less discussion of supply drivers. If a city rises 10% in population with good job growth but supply rises 20% can it still be a good market for long term investment? 

I know it takes time for supply to come online but it's something I'm trying to understand as I look to markets with a lot of available land that are pro growth.

Its something on my mind with respect to Florida for example which is otherwise coming up pretty high on my list of target areas. 

Many thanks 

Hi all, just a quick note to say the RIREIG meeting last night was super useful. Jim, sorry I didn't find you to chat but hope to meet you next time I'm at the meeting. Happy holidays!

Hi Charlie, back on my phone so can't link to you (I'll contact the BP service team about this) 

Small world, I grew up in JP too, in one of the less desirable places you listed :) 

I totally agree on potential price appreciation for Hyde Park and Mattapan, I just haven't observed the bohemian factor yet. For some that's a positive for some a negative. 

Hi again, just wanted to add that I do think Hyde Park and Mattapan could be good investments as both have transport links and some leafy streets. When I was growing up Hyde Park was in places more expensive than JP. But I guess I currently see them as a family place or professionals commuting into the city, and maybe a bit quiet in terms of nightlife. Of course that could change in the future.

@Devin Wynn, @Charlie MacPherson

@Jerry Batista, Hi Jerry, I'm interested in Federal Hill but also haven't found something yet to make the numbers work. I'll also consider the wider area around it potentially. What kind of restaurants will you be trying to attract to your project? 

Sounds like a great project! Congrats and best of luck with it.

@Christian Allen, congrats for getting into Fed Hill already! If you don't mind sharing, are your renters all working in Providence or do some commute further afield?

Ok now I feel a bit guilty for not promoting Boston!

Malden might be above your price range but I saw an article that said how one end of the Orange Line (Malden) prices at half the square foot of the other (jamaica plain) . 

The JP end has beautiful parks, cafes, restaurants etc but Malden is closer to Cambridge, Somerville. 

I'd investigate flood risk in Malden as sometimes being close to a river is more dangerous than it seems.

Hi Devin 

Sounds like an intriguing project. 

You may want to keep looking at Atlanta. I think there are more walkable restaurants now and a more dynamic cultural scene. I am on my phone and can't get hyper links here but search for Michaela G who's posted on artists in Atlanta and interesting developments with the Belt Line. 

If you suffer from allergies though I've heard it can be brutal there bc it's so green

What about Philadelphia? I saw it on your list initially. Seems like some artists and media types that don't have to be in NYC every day might be moving there, not sure

I love Chicago too and notice it appears on a lot of Global Gateway city lists (like NY, Boston, DC and some West Coast cities do). But at a cheaper price than those cities. Maybe the weather holds it back

I'm a Boston native and just finished a coffee inside the massive, beautiful central public library here with names of philosophers like Kant carved into the wall. There is a public radio station broadcasting from this coffee shop even. So as intellectual as you can get. But the prices here have skyrocketed and I'm not sure some of the cheaper areas will give you the intellectual vibe you'd like. 

Maybe they will but I haven't seen any independent coffee shops, yoga studios etc opening in those areas, not one, so you may have a long haul unless you open one yourself (which I always thought might be an interesting real estate value add strategy). Not to sound like a cliche yuppie hipster :) 

Hi all, 

Even though I'm not a foreigner per se I posted here because I have some of the complexity issues of a foreigner. 

I'm based in the UK and wish to do more with US real estate. I have a US tax advisor and a UK one and prefer to have one that would see the big picture. 

Also need good advice on how the new buy to let tax changes in the UK may affect US investments. I prefer to avoid a US LLC at this stage but may have to get one.

Many thanks! 

Jennifer

@Bianca Carmo, @Jimmy Murray, @Anthony Thompson, many thanks for your helpful feedback. Yes I've paused on asking new questions because I may have a tax problem back here in the UK which is my primary residence. I'm waiting back from my accountant here. Don't want to be a total time waster.

When housing becomes exorbitant and budgets get pressured, many weird things can happen and over here they just greatly reduced the deductability of mortgage interest. This may extend to my US income potentially unless I pay a 30k non domicile fee. So as excited as I am about Providence's great architecture, restaurants, proximity to sailing hubs and livability, I don't think it's good enough for me to pay that fee :)

Hopefully by next week I might have sorted this one

Apologies can't make this one but thanks for organizing and hope to join another time.