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10 January 2025 | 11 replies
As the new owner, you’ll want the lease and your landlord insurance policy to take effect as soon as you take title to the property.Temporary Lease Considerations:While short-term leases can work well, leasing to a seller long-term often leads to complications.
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12 January 2025 | 5 replies
My interests lie in all areas of real estate, and I am eager to explore potential opportunities and gain insights into effective strategies.
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15 January 2025 | 6 replies
Using LVP was a smart choice—it holds up well when wet and is cost-effective to replace.
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13 January 2025 | 5 replies
I'm looking to categorize my buyers and blast out a text message to specific groups whenever I get a property that fits their criteria.I'm sure services like this exist out there but I'm looking for the most cost effective one and I'd rather hear the best from you guys rather than from the salesman pitching their product.Does anyone use a platform like this and how does it perform for you?
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18 January 2025 | 11 replies
If it's on your credit, you are on the hook for it.However, it shouldn't effect the loan process too much, a simple Letter Of Explanation should be able to get the job done with the correct investor.
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22 January 2025 | 9 replies
Even the most expensive property managers are EXTREMELY cost effective if you really think about it!
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5 February 2025 | 9 replies
I also don't like the sardine effect where your just packed in a building, ocean lakes is tight with homes but still feels private at the house(s), golf cart community and 2 min from the ocean on a golf cart where ours are.
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30 January 2025 | 10 replies
That means there is not really an effect on the debt to income ratio neither positive (income) or negative (loss) but rather simply making that payment non issue.
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13 January 2025 | 3 replies
I’d love advice on leveraging my existing assets, navigating seller finance deals, or other tips for scaling effectively.
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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.