
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.

11 January 2025 | 2 replies
The average homeowner is estimated to be underinsured by 40% based on replacement costs and that doesn't include the interior contents and assets, many of which are in the multi and even mega millions.

14 January 2025 | 9 replies
I have noticed that properties that allow pets in outdoor based communities perform great as well!

14 January 2025 | 1 reply
Even with the redactions, it's not hard to figure out based on deduction how much we are making from the rental and from my income.

12 January 2025 | 20 replies
The price paid is well below what we should have paid based on number of lots/homes/ that can be built.

20 January 2025 | 23 replies
More on DSCR loans in case helpful: DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

15 January 2025 | 9 replies
I don't know CLE per se (I'm based in STL), but I know the financial side of gut rehabs in urban centers of big cities.

12 January 2025 | 12 replies
If you’ve yet to build up substantial credit in the U.S. you can apply for foreign national specific loans that don’t take credit history into consideration when qualifying as in some circumstances you can get better rates and terms applying as a FN when your U.S. based credit history is in it’s infancy.

16 January 2025 | 1 reply
Permit eligibility is based on region (usually the west side of town) and density (quantity of surrounding STR's in the area) as well as percentage of landscaping and minimum parking requirements.

16 January 2025 | 23 replies
The biggest key was understanding that It was more important to get on base then it is to hit a home run.