
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.

23 January 2025 | 7 replies
We actually had 13 insurance claims from that one storm.

21 January 2025 | 3 replies
Is it hard money loans, angel investors, etc?

22 January 2025 | 7 replies
I've never spent money on inspections/environmental before having the property under contract.

13 January 2025 | 15 replies
I can tell you what we actually did.

28 January 2025 | 15 replies
If she's been living there during the foreclosure and not paying rent, then she what did she do with the money she would have used to pay rent?

22 January 2025 | 3 replies
@Dallas Morioka why use your own money when you can do seller financing.

25 January 2025 | 15 replies
Sometimes occupants still live there and eviction is not easy, and I have even heard a story once that the yakuza are involved in the construction and real estate business and exorted money from buyers through occupants in these properties.

24 January 2025 | 2 replies
Over the years every single time I went over his house to hang out we would talk about money, investing and the future we were building.

22 January 2025 | 7 replies
We do have to come up with 40-60% of the LTV through investor money!