All Forum Posts by: Tobias S.

Thank you, that's super helpful. They offer 1-4 bed apartments from $710 to $1076. Zillow estimates a rent of $1645 for the property, which looks pretty unrealistic. With what rent would you calculate to get a relatively conservative number?

https://www.zillow.com/homedet...

Hi! Can someone help me analyze this deal? I was wondering what kind of tenant this standard attracts and how much rent I could expect? I personally had issues with the positioning of the oven and the door between those two rooms, but my agent means that doesn't matter that much in that price range. Would you agree? For me, it's hard to figure out what's a simple, decent C+ - B- Standard and what's too bad and rather attracts bad tenants. I were thankful for any thoughts on that

Hi guys, just bought my first SFH and not sure yet if I wanna move in myself, make a STR, or rent it out long term. How do you insure your vacant houses or during your rehab?

Hello guys,

I'm planning to buy my first two houses within the next two months. Originally, I planned to rent them out long term and decided not to set up an LLC, because I read that you could cover your risks via insurance with additional umbrella insurance and when you use a property manager, he were reliable in the first instance for the decent and risk-free condition of the property. Now I'm considering STRs and wondering if the same applies here when I use a manager who's also reliable for maintenance and repairs?

Thank you so much for your answers guys. 

@Charles Carillo So I can sign all forms digitally or meet a notary at a US embassy? Do you have experience with how smoothly it works to schedule these processes? I mean, what to do when the notary's next free appointment were in a few weeks and I want to buy a property now or the seller wants to sell fast?

I'm not looking for a turnkey and I'd rather divide the tasks among several companies. I'm still researching, but Kansas City, Milwaukee, or Pittsburgh seem interesting to me and I want to focus on SFHs. It's hard to pick when you can choose between all those markets. I'd be thankful for any other suggestion.

Speaking of CPAs/attorneys, I thought there were two simple options: To pay 30% WHT or get treated as a US citizen and I could freely choose between. And our double taxation agreement is very clear at this point and says income from real estate may be taxed where the property is situated. Have I overlooked something? Anyway, I think you're right and I should look for someone who accompanies the project on the legal side. Do you think I should do that upfront?

@Lassy G. an LLC is essential in this case? Would you set it up before or after the purchase?

Hi! I'd like to start to invest in real estate in the US and I saw out-of-state investing has become pretty common. So I thought as a German buying something without flying in would be very similar. Now I wonder if it's possible to buy a property remotely being a non-US citizen and not living in the US? Lenders weren't needed. TIA