![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3088139/small_1722619697-avatar-timmaria.jpg?twic=v1/output=image&v=2)
31 January 2025 | 6 replies
The hang up is getting deals formally drawn up.One idea:- I buy the property and pay 25% DP, then they provide capital after the closing and I pay them P&I over 5-10 years.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3166673/small_1736352919-avatar-montya9.jpg?twic=v1/output=image&v=2)
18 January 2025 | 15 replies
You are essentially doing a partial sale of your home.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3107871/small_1724849795-avatar-jacquelinew75.jpg?twic=v1/output=image&v=2)
23 January 2025 | 3 replies
The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2960694/small_1709177713-avatar-panosc.jpg?twic=v1/output=image&v=2)
23 January 2025 | 1 reply
Having a real estate license, I would credit the commission payed out I would receive for being my own agent towards closing costs for the new property.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2345412/small_1713555276-avatar-griffinm22.jpg?twic=v1/output=image&v=2)
10 January 2025 | 8 replies
Based on what my attorney provided, the plots aren't worth a ton of money, but since I haven't done a land deal I'm not sure if the actual sale price differs from what she got me.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3170675/small_1737064955-avatar-atifk8.jpg?twic=v1/output=image&v=2)
22 January 2025 | 3 replies
basically if anyone has any tips when it comes to researching plots of land in order to make the right purchase i would greatly appreciate it get with a realtor. we underwrite land at no more than 10% of after built value. in our market we build under the average new build value which is about 515k. we like to be around 420-450k and smaller footprint about 1500 sq ft with attached garages. we build close to urban core where everyone wants to live and net migrations match up. but suburban is fine. if you give more context I can help but in most markets land is a buyers market. most people aren't looking at it or buying it.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3149035/small_1732292339-avatar-cr68.jpg?twic=v1/output=image&v=2)
11 January 2025 | 9 replies
I'm going to reiterate what's already been mentioned above, but I'm going to actually give you examples of why it's relevant to you to find a U.S. tax professional.1 - You're going to need to file U.S. taxes once you have property down here, there's federal filings, state filings, and sometimes local filings too2 - Tons of tax treaties between the U.S. and Canada that are easy to miss and can cost you a lot of money (important one with rentals - effectively connected income - if the professional you talk to doesn't know what this is, run away)3 - The amount of days you spend in the U.S. needs to be tracked and if you go over a threshold, all of your worldwide income could be taxable by the U.S.4 - Selling real property means up to 15% of your sales proceeds might not be available to you for years (FIRPTA)5 - Lots of nuance at the state and local levels, which both want to take as much money from you as possibleMain takeaway here is that you should find a U.S. based tax person.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2433355/small_1695010032-avatar-diandrep2.jpg?twic=v1/output=image&v=2)
12 January 2025 | 8 replies
If you have any contractors ask them if they know of any properties for sale.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2626913/small_1672091783-avatar-kyler427.jpg?twic=v1/output=image&v=2)
6 February 2025 | 4 replies
I may not be a property manager, but I have worked closely with some who managed over 1500 doors.First off, I agree that Buildium is just a tool—it’s not a solution for proactive vacancy management.
27 January 2025 | 8 replies
I would like to start close to home as I plan to self manage the rental side of it.