Carlos Rodriguez
New to US market
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.
Mitchell Catoe
Does anyone have experience with D.S.C.R. Loans
21 December 2024 | 10 replies
Its crucial that you know what the properties common rent is per month.
Kevin Brown
Best Accounting Software
18 January 2025 | 2 replies
We have previously tracked all expenses manually in google sheets and produced financials statements manually, also in google sheets.
Matt Miller
What Systems Are Brokers Using to Run Their Business? (CRM, LOS, Marketing, etc.)
16 January 2025 | 5 replies
Accounting & Finance: What tools make bookkeeping and financial tracking seamless?
Nicholas Santangelo
limited partnership flip deal
9 January 2025 | 2 replies
I’m reaching out with an investment opportunity in a real estate flip project, and I’m currently seeking a limited partner to join me.With a strong track record of successful real estate investments, I am looking to partner with someone who shares an interest in capitalizing on the potential of this market.
Anastasia Rodriguez
How to find MTR Partnerships in chicago
14 January 2025 | 2 replies
You're on the right track to reach out for help here and also to look to your area for potential partnerships.
Lacey A.
Rent to Myself
15 January 2025 | 3 replies
No but keep track of those repairs as it will add to your cost basis when you go to sell it and have to pay capital gains.
Seidy Lasker
Wash Sale Rules for Options
2 January 2025 | 1 reply
Day traders are not exempt unless they elect mark-to-market (MTM) accounting, which eliminates wash sale tracking but taxes gains as ordinary income.To manage taxes, track trades closely, avoid overlapping purchases, or consider MTM election if trading actively.
Shayan Sameer
Seeking Advice on Real Estate Investing Strategies
12 January 2025 | 6 replies
Cash Flow Management: If you take out additional debt, it's crucial to have a plan for managing your cash flow. 4.
Jorge Abreu
Selling Properties with Transparency and Maximizing the Sales 📈
11 December 2024 | 1 reply
Addressing their concerns and being transparent with them is crucial.