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1 February 2025 | 19 replies
They know how to underwrite the property types and don't weigh the file down with a bunch of BS.
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6 February 2025 | 8 replies
I was hired to get things back on track, but she wouldn't play ball, so I filed for eviction.
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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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23 January 2025 | 2 replies
There are a few options(1)You can get connected with the larger wholesaler firms in the area (2) go through PCPAO site and skiptrace the buyers of similar properties as yours, (3) hunt down the agents involved in the sale of properties similar to yours or go to local REI meetings and pitch it to the investors there.
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30 January 2025 | 6 replies
Mostly due to the fact my spouse and I agreed on her to have zero involvment in any sort of RE investing (and its our home) I think once you have a good 6-12 months of reserve cash (operating expenses for your own life saved as a back up incase things go bad) save enough liquidity to get the ball rolling on your first invesment.
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28 January 2025 | 0 replies
Legal and Regulatory HurdlesReal estate transactions involve legal complexities that can overwhelm newcomers.Solution: Learn about legal requirements early on and seek professional advice when needed.
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15 January 2025 | 5 replies
Without giving the individual's name, even though once it is filed it is public information, could you post the specifics they are alleging or the case number?
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29 January 2025 | 3 replies
This does not involve the utility company meaning that you will still have to go into the property, read the meters, then individually bill each tenant for their usage and understand the bill is still in your name.
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29 January 2025 | 28 replies
If your interested I have posted the link below https://drive.google.com/file/d/1Ie7LRwcDVFbzSc4lcj3owGVrJWso39yT/view?
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16 January 2025 | 18 replies
Then the compile everything at year end and file taxes.