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24 September 2024 | 2 replies
I just need to know is there any type of private lenders who specialize in much larger transactions with having windows on time of finish which I estimated at around 2 years.
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28 September 2024 | 4 replies
Apparently double taxation is one of the biggest hurdles for cross border investing.I would really appreciate some sound advice about this, and if anyone knows someone who specializes in US-CAN cross border tax laws, please let me know.A big big thanks in advance.
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26 September 2024 | 9 replies
I’ve tried to look up municipal codes online in regards to rent by the room and limits on unrelated people living in the same home and have had no luck.
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23 September 2024 | 6 replies
Bonus depreciation is just a special part of the US tax code.It allows you to take accelerated depreciation on portions of your property depending on when an asset is put into service.At the time of this writing, you can write off a huge portion (60% in 2024) of many qualified components that have a useful lifespan of 15 years or less.That means a certain percentage of things like landscaping, sidewalks, latches, appliances, fences, certain flooring, etc is depreciable in year 1.The bonus depreciation rate percentage changes yearly depending on the administration and the tax code.For years 2015 through 2017 first-year depreciation for all the items on a 15-year schedule or less was set to 50%.It was scheduled to go down to 40% in 2018 and 30% in 2019 and then 0% in 2020.But then Trump got elected, and he enacted the Tax Cuts and Jobs Act.That moved the bonus depreciation percentage to 100% from 2017 to 2022.In 2023 it went down to 80% and it’s currently at 60%.Depending on who gets elected again, 100% may be back on the table.Only time will tell.We know that the US government wants to incentivize more development and ownership of RE.They want Americans to continue to build and maintain our physical world.That’s why real estate is one of the most tax-advantaged assets in the US.Depreciation and bonus depreciation for RE are very positive and will likely continue in the years ahead.
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30 September 2024 | 12 replies
You might get it look good, but if you have no permits it might not be safe or up to code and might make the house hard to sell down the road.
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28 September 2024 | 6 replies
You’ll want specialized coverage that accounts for the fact that residents are receiving medical or custodial care on your property.
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30 September 2024 | 9 replies
the land bank they are talking about is city owned property they took back for non payment of tax's or liens etc.. its NOT Bank/lending institution you buy the land from the city land bank they may have special programs for locals that are looking for owner occ situations.. either way if you pay cash which is how most of that is sold if not all of it.. then your credit does not matter.
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27 September 2024 | 6 replies
Check your landlord tenant code on what is allowable by code.
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27 September 2024 | 1 reply
I drafted a lease agreement using other agreements and looked up some things from the Ohio revised code.
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30 September 2024 | 46 replies
Quote from @Jeremy Holden: Im an investor, host and agent in phoenix who specializes in short term rentals.