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6 May 2024 | 11 replies
I'm acquiring 3 cabins on a piece of land in the Finger Lakes.
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6 May 2024 | 5 replies
It normally takes 4-6 weeks for a W-7 to be processed by the IRS.Here is a link to the IRS website, listing Certified Acceptance Agents by Country:IRS Certified Acceptance AgentsUpon receiving an ITIN number from the IRS, a copy of the IRS letter showing the new Individual Taxpayer Identification Number (ITIN) must be sent to LPM.Note: LPM will not manage rental property for foreign owners who refuse to acquire an ITIN number.Form W-8ECIThe Internal Revenue Service (IRS) requires property managers to withhold 30% of gross rents to ensure foreigner investors will file a tax return at year end.
8 May 2024 | 24 replies
Since I'm paying cash up front I could realistically acquire 50 units across 2 or 3 properties within a 10mi radius.
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5 May 2024 | 5 replies
I just acquired a duplex in Grandview, MO and it's unbelievable seeing property taxes rise 2X from 2022 to 2023 due to higher assessments.
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6 May 2024 | 65 replies
Initially I wanted to acquire 20 rentals, but now I believe 10 would be a great number for me.
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5 May 2024 | 0 replies
What are some tips on what type of property to acquire and renovate that is likely to sell faster?
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5 May 2024 | 0 replies
Acquired duplex at 66% ARV, renovated for max potential.
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5 May 2024 | 0 replies
We acquired this duplex at a remarkable 66% of its after-repair value, investing in a full renovation to maximize its potential.
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6 May 2024 | 7 replies
My ultimate goal is to acquire multifamily units.
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6 May 2024 | 16 replies
Since then, I've acquired 6 or 7 more multifamily properties.The greatest periods of growth in my life occurred when I was willing to be uncomfortable and vulnerable.