
4 June 2024 | 10 replies
I just don't want to take a step in any direction without having an understanding of the principles first.

4 June 2024 | 9 replies
Essentially this delays taxes.

4 June 2024 | 7 replies
It's essential to do a detailed analysis and see for yourself the value and support we provide.For more information and to see some of the deals we’ve done with our partners, feel free to visit my BiggerPockets profile.Thank you for highlighting the importance of doing thorough research.Best,Julie Muse

3 June 2024 | 12 replies
Repeat: You use the $150k to pay off your initial investment of $100k purchase price + $50k renovation, essentially getting all your invested money back to move on to the next project.

3 June 2024 | 8 replies
Some lenders may offer programs that allow you to use equity from your Canadian properties as collateral for a US mortgage.Seek Legal and Tax Advice: Since investing in US real estate as a Canadian investor can have legal and tax implications, it's essential to seek advice from legal and tax professionals who specialize in cross-border transactions.

3 June 2024 | 0 replies
These updates included essential repairs and improvements to enhance the property's appeal and functionality.

3 June 2024 | 0 replies
Effective marketing strategies were essential for maximizing the property's value and appeal.

2 June 2024 | 13 replies
On a 1k/month mortgage that nets a profit of about $62/month which can be used as an additional principle payment.

2 June 2024 | 2 replies
Seems that someone who is VPBD would not be at this level of detail - but I don’t know how they work.In my research I found:(1) MW506AE is the application for exemption the comptrollers need regarding a 1031x, and needs to be sent in 21 days prior to closing.(2) MW506NRS is the withholding exemption.I think my CPA will handle #2 but #1 is essentially the main form in the whole timeline.I understand what these forms are and would like to get a title company that is also versed in them and not guess what needs to be done.My QI already said they will not fill it out and I guess doesn’t have all the information required for it.

2 June 2024 | 2 replies
you can do anything, there is zero benefit in doing this. a LLC is a disregarded entity for tax purposes so essentially you are renting it to yourself so its a net zero.