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11 January 2025 | 9 replies
I have personally been the guy who hasn't pulled permits and got caught...by far one of the worst experiences of my investing career.
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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.
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17 January 2025 | 23 replies
Renting is the last thing I would do personally unless it is less than 12 months max.
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17 January 2025 | 19 replies
You have already admitted that you treat each person differently.
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14 January 2025 | 3 replies
Third, the typical person renting a room is not a home buyer candidate.
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12 January 2025 | 2 replies
Still can be very beneficial for a new investor but personally I think not as good as a service as they had with their exclusive listings where they had inspections already done, rent rolls available, and you can complete the entire offer/acceptance via their platform rather than being handed off to an agent.
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23 December 2024 | 5 replies
Hello all! :)Someone I reached out to on an off market deal told me that they couldn't sell because they bought the property as a rental in the 70s and didn't want to pay the capital gains. I'm curious if this has com...
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27 January 2025 | 25 replies
If you're looking for a more landlord-friendly market, I personally recommend Columbus OH.
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22 January 2025 | 10 replies
You have a freelance job and you can qualify as REP I sharing this from my personal experience.
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23 January 2025 | 7 replies
I have two books to recommend, one podcast, and then one more summit happening in person in May for syndication investors.