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6 May 2024 | 5 replies
However, there is an alternative that will exempt a foreign investor from the mandatory 30% withholding.After obtaining an Individual Taxpayer Identification Number (ITIN), submit a completed IRS Form W-8ECI to Logical Property Management.Note: Do not send the Form W-8ECI to the IRS.
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10 May 2024 | 116 replies
Leverage has no material immediate impact on net worth ceteris paribus, because Bob Safe has one $500,000 home contributing $500,000 to his net worth.
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7 May 2024 | 13 replies
I have a hard time imagining that I would not meet the qualification of "Material Participation in Real Estate" as a real estate professional, which would allow me to apply the bonus deprecation toward my earned income as a real estate professional.
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7 May 2024 | 7 replies
@Kristi Kandel I don’t know a lot about roads or to what level you would have to build it to just make it a driveway but I just used ledge pack gravel in an 8 car parking lot and driveway that all in would have been at least 120’ long and in about 60’ two car widths wide and with delivery, cost of the gravel, and cost for the bobcat to spread the materials and pack them down it was all in about $1000.
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8 May 2024 | 5 replies
That may be an alternative option for me, it isn't an immediately turn around to try and get my money back but maybe in 12 months.
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7 May 2024 | 3 replies
Wondering how other investors of medium to large portfolio are dealing with this or are there any alternatives to manage increasing cost of maintenance?
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7 May 2024 | 4 replies
) - 60K in cash for downpayment +more for renovations- Strong local connections with contractors of all trades - Ability to get building materials at cost through family/business connections- Have a strong eye for style and design (Tends to lean on the high end of things as that is my business) - 750+ Credit.
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8 May 2024 | 33 replies
If the copper makes you feel better then use it, plumbers in my area pipe their own houses in pex and only care for copper because they make more on material upcharge and labor to install.As a side note- acidic water breaks down copper, which ingesting can cause health issues, and can cause pinholes in copper piping.
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6 May 2024 | 0 replies
They said if can get those, they would be very flexible with any other terms for the remainder of equity.Current roadblocks:However, PITI=~4300 >LTR=~3500 and entry would be high at 15-20% so likely the best exit for this would be to buy creatively, and hold until find a wrap buyer, which I am not familiar with how to quickly find.Other two best alternatives = quick pop and top flip by finishing basement + very light cosmetic rehab/upgrade OR MTR as within 15 min drive to 2 of the biggest hospitals and Atlanta GA, and close to the famous East Lake Gold club which is part of the tour.If you are familiar with structuring hybrid deals, wraps, and/or Atlanta GA markets, please reach out.
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7 May 2024 | 8 replies
Labor, materials, insurance, interest, local property taxes - yes.