Christopher Smith
UPREIT any personal experience?
22 January 2025 | 10 replies
Only downside is that you can never 1031 the 721 proceeds again.
Braeden Warg
What to pull permits on
27 January 2025 | 8 replies
Some of the red tagged items proceeded my ownership.
Account Closed
Landlord insurance claim
26 December 2024 | 1 reply
I have recently switched my insurance from home owners to landlord policy.
Jason Lopez
Do I need an LLC for my rentals?
31 January 2025 | 9 replies
For a single property, a strong umbrella insurance policy may offer sufficient protection at a lower cost.
Aaron Raffaelli
DSCR Loan for a first time REI
19 January 2025 | 18 replies
Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).
Chinku Chinku
Need Advice on refinance and long term plan (First Time Investor)
23 January 2025 | 8 replies
Thanks in advanceDown payment: ~90k (25% downpayment)Rent per month: 2300 (5Bed, 4 Bath) with 2100sqftProperty management: ~150 (monthly)Outstanding loan around : ~268k (7.675% APR) 30years fixedLandlord Insurance: 1500$ (per year)HOA: 1600$ (per year)Keeping an eye on interest rates for refinance, so I can then move this property to an LLC instead.
Leon G.
Getting out of the rental business after 10 years
10 January 2025 | 67 replies
Not only was my market timing great, but I sold my less promising buildings and used the proceeds to pay down debt on my long term keeper properties, which have higher end tenants and are thus more stable and much easier to manage.
Brad Kremer
How to access equity for HELOC on MFR duplex in TX?
27 January 2025 | 3 replies
(gross rents $4900; 8% PM; mortgage+insur+taxes = $3600/mo).
Michele Hart
Inherited a house with my 2 brothers
6 January 2025 | 9 replies
Attorneys are very tight with title insurance companies so you won’t have to look far.
Carlos Rodriguez
New to US market
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.