All Forum Posts by: Sebastien Hitier

It looks like prices are generally trending down in Simsbury Ct. (source zillow) and demographics is stable (source wikipedia). So either you share with us a good reason why the area should go back up, or you should get out as soon as practicable.

yeah, there are whole books on the subject... This one gives a deep look at all deductions. http://www.nolo.com/products/every-landlords-tax-d...

I should probably update the website now that I read about that...

Ali, aerospace engineering? seriously? I am into probability theory and programming when I don't buy houses. So far bought 3 last year and 3 this year. 

Bought in AZ, TX, GA. AZ is too rich now it seems.

Do you know of a turnkey provider in FL... I got nothing there, and I think it is a good state. .no state filing and landlord friendly.

Hong Kong is a nice place, it wants to be hip but there are regular kale shortages.

Well, yes, but why are the criteria in the list opaque?

What if this article is the result of some journalist asking several pros and putting their answers together, and peppering it with comments on year on year price increase.

I prefer this so as to see yields and unemployment for myself:

http://www.worldpropertyjournal.com/north-america-...

I asked friends, what you get is availability bias on some market that was good 3 years ago. I tried asking pros, they would give you an answer that advances own agenda.

In a world where data is so cheap, I think it is best to check a list of criteria and go for the data?

So I ask a forum what people use to compare areas ^^.

to me criteria for ranking rental investments opportunities between different areas can be understood by looking into the components of the net rental yield:

• rental gross income
• vacancy rate
• expenses, local and state taxes

rental income and vacancy rate evolution will be influenced by demographics: whether population increases and how median income moves. So I would look at these fundamental data rather than just see if prices have increased year on year (which just indicates the gross income is getting worse)

Would you add any criteria?

According to you, where are the best rental yields (both bet yield and potential increase) in the US?

Let me introduce myself, I am an oversea investor based in Hong Kong. 

I still have my day job which I love, but I look forward to share my experience and participate to the discussions on turnkey investment in the US.

You can avoid witholding tax if you obtain an ITIN from the IRS prior to the sale and can give it to the withholding agent. You will still be liable to pay capital gain tax.

see http://www.usa-nra-tax.com/ for more info on us tax for non resident aliens

Hi Chris,

I have been through the same situation as you, I took some notes concerning the tax situation for non US resident non US person investing in rental real estate in the US. 

Here they are: http://www.usa-nra-tax.com/

That gives you a non professional opinion of what is involved in the simple case where you have nothing to do with the US other than receiving that rental income. 

I have seen accountants charge anything between 500$ for up to 3 units to $1000-$1500 in the case of LLC. I asked a friend who does pay the accountant to compare his filing to mine. Ultimately, the same computations were done as on my return, but the 8 or so page filing was padded with 35 pages of badly formatted spreadsheets whereas the extra computation could have held on 1 or 2 pages.

So I can't recommend one yet.

Some other investors told me they would pay the first year, and then file themselves on the next years. The truth of the matter is you already have to do much of the work of retrieving the relevant accounting data for filing.