
14 January 2025 | 18 replies
The land is being sold as the investment is costly with all the illegal dumping and clean-up cost.

10 January 2025 | 16 replies
Travel costs to look at other properties.If you travel but have not identified the property that you want to buy yet, the cost is considered an investigating cost.

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.

17 January 2025 | 5 replies
Leaving out auction and foreclosure costs for a second, when you write that check for $220k the trustee is going to pay BigBadBank the $175k they are owed first, then he's going to pay LittleBadBank the remaining $45k, and you will get a clean title as the process is going to wipe the slate clean.

11 January 2025 | 15 replies
Do you want this thing to be the tipping point for them to leave and you have turnover costs and a vacant unit?

16 January 2025 | 7 replies
You can buy a set of five for under $300, subscription for the recording software is $10 a month, then the cost of WiFi or hotspot.If you've already had a couple break-ins, you are obviously in a high-crime area.

14 January 2025 | 5 replies
Delapidated building not worth the cost of demolition.5.

15 January 2025 | 8 replies
I've done a rent credit for the price it would have cost to me to have the property cleaned in a past rental due to immediate turn around.

16 January 2025 | 8 replies
It likely is out of date as to cost as this info is quite old (my guess is 5 years but it could be longer):- Rent Recovery Service: offers flat fee service starting at $20. 3 letters start at $30.

17 January 2025 | 11 replies
You’ll thank me when eviction drama hits, or turnover costs come calling.Fines = Behavior TrainingSometimes, tenants behave worse than toddlers at a candy store.