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23 April 2024 | 2 replies
If you know of any service providers who can write and prepare these letters, possibly on the mainland, and then ship them to me for a final local dispatch, I would greatly appreciate your recommendations.
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23 April 2024 | 6 replies
Accounting firms typically have nothing to do with this process unless somehow the title company subcontracted the preparation of the 8288 to them (which really isn’t necessary as it doesn’t require tax expertise, only familiarity with the FIRPTA procedures in general, which any title co who’s worked with a sale by a foreign person would likely know).This is indeed a weird situation and it definitely is unsupported by any authority in the code and regulations to send the withholding tax amount to an accounting firm acting as a middle man for the IRS unless they somehow expressly made an agreement to do so.Good luck with that
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23 April 2024 | 8 replies
Nick,I recommend "Certified Tax Coaches" and "Certified Tax Planners".Do an internet search for those designations "near me".They have tax-saving strategies that most tax preparers have never even heard of.PLUS they specialize in real estate.Good Luck!
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24 April 2024 | 15 replies
If you buy in the right community and prepare your house to be as unique and memorable as you can, you will (should) do very well.
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22 April 2024 | 1 reply
We were prepared to do a land contract with them and had all the papers signed through a real estate lawyer.
22 April 2024 | 1 reply
I hired a broker to help me process the application and prepare a lease.
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22 April 2024 | 4 replies
Likely you should be prepared to absorb a moderate jump in your policy costs, as that seems to be the norm in the current market that I'm hearing from other clients as well as a broker/investor/prop. manager myself.
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22 April 2024 | 6 replies
Additionally, evaluating your finances, searching for properties that meet Section 8 requirements, negotiating with sellers, preparing for Section 8 inspections, applying for Section 8 approval, and effectively managing your property are all crucial steps.
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22 April 2024 | 0 replies
The 2 retail spaces, already close to market rent, were under long-term leases with substantial increases.RCA prepared 3D floor plans and interior renderings for early marketing of the units.
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22 April 2024 | 14 replies
Keep us up to date on your next chapter and continue to share how your experiences and colleagues prepared you to continue pulling the trigger in real estate investment!