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11 November 2024 | 8 replies
While passive rental income is possible, managing it across borders can be tricky and may incur extra costs like foreigner withholding taxes and specialized tax filing.Financial Accounts (Roth IRA and HYSA): From what I understand, if you were to leave the U.S. without citizenship or a green card, your ability to contribute to a Roth IRA would be affected as you would likely no longer have U.S.
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15 November 2024 | 1 reply
Reinforce entry points with security bars, and consider a monitored alarm system or joining a local neighborhood watch for extra protection.
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19 November 2024 | 24 replies
@Bruce Woodruff, I want your extras added to this list first please.Anyone else have some good ones to add so we can help those who are in the middle of their first reno from losing more money?
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18 November 2024 | 27 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
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19 November 2024 | 6 replies
Also, have you made any significant alterations to the property or if it were put on the market today, would it be indistinguishable from a standard 4-bedoom house (are there any extra walls for the SRO, constructed locks/barriers etc.)If its a standard SFR and the leases are very short term - there is a path that you could refinance this with a DSCR as basically a Short Term Rental and then potentially change strategic course back to SRO if needed at a later date
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14 November 2024 | 2 replies
Something draining cash that I propose to take over and pay the owner some extra cash, that I can’t understand.
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13 November 2024 | 15 replies
I have been lurking on here forever, but just recently became a member so that I can access all the extras.
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13 November 2024 | 4 replies
I don’t know what the rent is or how much longer he has on the lease, but $5k at a little bit extra every month would take quite awhile to make up.
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15 November 2024 | 8 replies
Usually no extra cost to me.
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13 November 2024 | 4 replies
What else could you do with that extra $150,000?