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22 January 2025 | 9 replies
Yes, unfortunately only midterm, furnished rentals in the nicer parts of the city will get you over that $1000/mo hump if thats your goal.
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2 January 2025 | 30 replies
I think OTA competition encourages the OTAs to pay for guest damages.i continue to advocate for being listed on multiple OTAs.Best wishes
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19 January 2025 | 11 replies
Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.
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10 January 2025 | 6 replies
FWIW, I'm going to base this off a 1,500 SF single family new build, but I'll predict the build cost will be a little over $200/SF.
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30 December 2024 | 7 replies
That's the reason why we sign leases in person, so we can go over the main issues in person and make sure they are understood.
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2 January 2025 | 8 replies
Happy to send over some resources regarding the Columbus Ohio market and why it's a great market to invest into!
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14 January 2025 | 11 replies
Even if you're in a local 50+ league and want to be competitive, a coach is probably over-kill.
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10 January 2025 | 5 replies
the way to go about it is turn it over to your insurance and get the police report.. sometimes insurance will then subjugate the claim and go after the tenant criminally I had that happen on one of my rentals where the tenant did 40k in malicious damage on a new construction home I purchased in MS.
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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.
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27 December 2024 | 18 replies
Over the years, I've done several dozen of these and know how to pick a good one.