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23 January 2025 | 5 replies
That’s correct, a foreigner can buy property through a Mexican corporation, which is a great option for those investing in multiple properties or running a rental business.Key Points I'd like to add to your post:Setup Costs: $1,500–$3,000 USD.Ongoing Costs: $1,000–$2,000 USD/year for accounting and tax filings.Benefits: Allows tax deductions for expenses like maintenance, repairs, and management.Best for: Multiple properties or income-generating investments.For a single property for personal use, a fideicomiso is often simpler and more cost-effective due to its lower maintenance requirements and feesUltimately, choosing between a corporation and a fideicomiso comes down to your investment strategy.
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18 January 2025 | 1 reply
I invest primarily in a lower cost area but also own property in, and am looking in, a higher cost area.
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20 January 2025 | 3 replies
A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.
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25 February 2025 | 16 replies
I tried to be realistic, based on what I've read in these forums, and to use lower tenancy periods, higher maintenance costs, etc..
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25 January 2025 | 8 replies
I price higher in other months so the lower occupancy doesn't hurt.Would love success stories on how to really attract.
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17 January 2025 | 19 replies
The only approach I’ve found effective is offering a deposit alternative, which lowers upfront costs for tenants without devaluing your property.
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11 January 2025 | 420 replies
I'd be happy to show you how it works - free of charge.
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15 January 2025 | 29 replies
That is not something you typically can charge an owner on an owner finance deal. 2.
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23 January 2025 | 7 replies
NEVER borrow from a 401K, you are taking pre-taxed dollars and paying it back with after tax dollars, you do not get to return the loan with pre taxed dollars, in addition, some 401K plans do charge interest and maybe even fees, and lastly if you get laid off for some reason, it is a distribution with all the "fun consequences: tax at the last dollar rate, and if you are under 59.5 there is also the additional 10% penalty.Personally I like the HELOC, however you can also sell stocks and do tax harvesting there to offset gains if that is an option
17 January 2025 | 7 replies
Account Closed a PMC has two options to get liability insurance (tenant slip & fall) protection:1) Get added to owner's policy as Additionally Insured (NOT named insured).2) Setup a master commercial policy and add every property they manage to it and then charge those owners the cost of the policy.Otherwise, a PMC CANNOT get liability coverage on a property they have no ownership interest in.So, nothing wrong with their request.