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All Forum Posts by: Julien Jeannot

Julien Jeannot has started 6 posts and replied 750 times.

Post: Inherited Tenants no lease

Julien JeannotPosted
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
  • Posts 757
  • Votes 1,042

@Dan H.

Solid info. Thanks for sharing.

Post: Eager Investor Looking for Seattle Wholesalers

Julien JeannotPosted
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
  • Posts 757
  • Votes 1,042

@Mandy Su

Welcome!

Always great to see another link minded investor in the Seattles area.

Post: Have 300k this year, will investing in cash flowing properties thru an LLC help w/tax

Julien JeannotPosted
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
  • Posts 757
  • Votes 1,042
Quote from @Chris Seveney:

@Harmony Korine

LLC is a pass through entity

Does nothing for taxes

Not a cpa


 Agreed.

Post: Would you buy your first rental property all cash or use leverage if you have 600k

Julien JeannotPosted
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
  • Posts 757
  • Votes 1,042

@Kalei White

I'd house hack a duplex and leverage it out.

Post: Are Short-Term Rentals a smarter choice over Long-Term Rentals?

Julien JeannotPosted
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
  • Posts 757
  • Votes 1,042
Quote from @Henry T.:

Yes @ Travis Timmons. In Seattle where being a LTR landlord is very high risk, STR is the safer option. The regulatory envvironment of Seattle is difficult for any mom/pop investor. For LTR or STR.


I completely agree. I feel one of the strong draws towards the STR strategy in Seattle is because it is difficult to cash folk with an LTR short term for new investors.

Personally, I find it too risky to buy a property that only works with an STR strategy. I want more then 1 exit should the market shift or the legal landscape change.

Post: What is the maximum rent increase for a Single Family home in California?

Julien JeannotPosted
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
  • Posts 757
  • Votes 1,042

@Chris Ghemm

If its anything like the Seattle Market. I suggest looking at the state, county, and city ordinances.

Post: Cost segregation study/ Tax planning

Julien JeannotPosted
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
  • Posts 757
  • Votes 1,042

@Mohammed Abdullah

I would suggest having a CPA run the math on your particular situation. Some firms specialize in cost segragation and can provide you with estimates.

Post: Using rents as income for 5% down

Julien JeannotPosted
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
  • Posts 757
  • Votes 1,042

@Nolan Mahoney

Yes it can. I recommend chatting with a lender.

Post: Househacking with Duplex_ Built 1937- Cloth Wire and Potential Asbestos

Julien JeannotPosted
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
  • Posts 757
  • Votes 1,042

@Bertho Augustin

I recommend seeking the advise and quote from the local trades to make a decision. It all comes down to money at the end of the day.

Post: Reno Multifamily Report: A Q3 Recap

Julien JeannotPosted
  • CPA, Real Estate Broker & Investor
  • Seattle & Woodinville, WA
  • Posts 757
  • Votes 1,042

@Chris Moton

Great info. Thanks for sharing.