All Forum Posts by: Bruce D. Kowal

@James Roche @Jason Regan As another agent working exclusively with investors in WORCESTER, MA only I see the deals are few and far between.  Yes there are deals in every area, but they are slimmer in Worcester then any time prior.  

I feel that the BRRR my have run out with interest rates rising so it is hard to get your money back.

I see a big push right now with people trying to buy things that are on the market in advance of even further pull back in Supply.

Those people who typically want to trade up are simply holding their assets because it is becoming more expensive to replace those properties due to the run up in Rates.

Keep in mind rates are still historically low, but investors are very price sensitive.  They will search for new projects, but often will not release the ones they already have.

Good evening everyone !

Is there anyone here who is a foreigner and has created an LLC to invest in real estate ? How much do you pay do to your taxes ? I bought a condo last year, and it was rented only 3 months. I calculated and I have more expenses than incomes. I contacted a CPA and he offered me to do my taxes (as well as the other member of the LLC) for 1600$.

I found it very expensive considering I have more expenses than incomes! Is that the regular price ? Do you have any contact ? I really don't want to spend that amount of money to declare 0 lol.

Many thanks for you help !

@Daniel Newman, if you're within the 45 day identification period any property can be identified or gone into contract on.  Once day 45. passes only properties on the list may be used.  And the list may not be changed after day 45.

In this market we're counseling our clients that they need to think of the 45 day identification period as more of a 45 day contract period.  If you're not in contract for your new property by day 45 your chances of completing a 1031 exchange go way way down.

And remember it's fine to actually get a contract for your new property before your old property closes.  You simply have to close the sale before you close the purchase of your new property.  Selling your property is easy.  Finding the replacement not so much.  So take care of the hard job first.

@Gita Faust great info.   If I want desktop should I do pro plus or premier plus?  And how many properties can I have.  I tried to speak to customer service all they want to do is sell me the online stuff.