All Forum Posts by: Panagiotis Karampoulas

Thanks a lot Alexander,

I agree with all your points, apart from the one on taxes. In Greece at least, the rental taxes on individuals are considered quite high (i.e. up to 12k is 15%, up to 23k 35% and from 23k upwards is 45%), while if I open a Company I could be taxed with the corporate tax of 26% on the bottom line result (instead of the top line on a personal level), where I could also include my corporate expenses.

However all your points regarding interest rate and leverage are valid, and probably more significant than the taxes (which start existing after your asset base has significantly increased).

Hello everyone. I am quite new in the area of RE investing, while my area of residence is Greece, Athens. I am working as a financial advisor for a multinational consulting firm the last 6 years, and I have decided to start investing in RE rentals (mainly in Greece).

One of my first considerations / questions is, taking into consideration that I will start small (meaning investing in 2-3 low end properties / year, including leverage), is it more efficient (under a tax and overall cost perspective) to start a company, or should I proceed with my first transactions as an individual? 

I appreciate any support from more experienced guys in this sport :)

Thanks in advance!,

Panos