Roxanne Whitaker
MD Tax Law on Out of State Investment Owners
15 January 2025 | 1 reply
Please be aware if you buy an investment property and do not live in MD, when you go to sell it you will pay an 8% tax at settlement. If you live in the home for 2 out of the past 5 years and move out of state you ma...
Fay Chen
CNBC's Best Lenders for Construction Loans. Do You Agree?
15 January 2025 | 2 replies
Here's their list for best construction lenders:Best for buying a fixer-upper: Flagstar BankBest for construction-to-permanent loan: TD BankBest for low rates: Connexus Credit UnionBest for a longer construction period: Citizens BankBest for a low down payment: Old National BankBest for VA construction loan: VA NationwideBest for bad credit: New American FundingBest for builder buydown options: Guild MortgageI would love to hear from my BP fam who has actually taken out construction loans.
Bobby Short
Costa Rica 2nd property Mortgage
11 January 2025 | 12 replies
My husband and I purchased our first Costa Rica property last year and were advised by our agent that in almost 6 years of working in that market he had only ever seen 1 American Couple successfully obtain a mortgage in Costa Rica and it was from Scotia Bank.
Federico Dallo
Seeking Advice on Property Investment for Renting - Budget of 300K
26 December 2024 | 10 replies
Most foreign buyers are high net worth individuals who want to park their money there in a safe haven and they don't need BP.No restrictions apply to American buyers in the countries they'd generally want to buy, including those mentioned by Federico and many other popular countries.When it comes to Spain specifically, some more conservative banks will ask you for a 40% downpayment (that would be the maximum) but that isn't the rule.
William Stewart
Liability Insurance for room rental
30 December 2024 | 11 replies
At the moment, we are using American Modern and Sage Sure through our insurance broker.
Dan Ikon
Yes, Miami oceanside properties are still a great investment!
2 January 2025 | 2 replies
Stable demand, in retiree market - yes, but also in several other segments: professional working remotely, new Americans.
Aubrey Brendle
Looking for International Lenders/Rental Income Analysts
11 January 2025 | 5 replies
They are a new international lender in Costa Rica offering 30 year, fixed rate mortgage loans specifically for American investors.
Devin James
How the market has shifted in just a few years
1 January 2025 | 6 replies
Hi Devin, Have you ever considered that instead of America needing smaller homes that are more affordable, that America needs more higher paying jobs so that people can live the actual American dream versus having to settle for less and less and less (Has George Carlin pointed out in his classic speech about this).
Steven Radolinski
Insights into the Albuquerque Real Estate Market: Opportunities and Considerations
12 January 2025 | 8 replies
OpportunitiesAffordability: Compared to many West Coast markets, Albuquerque properties often come at a more affordable price point, making it possible for investors to get started without a massive initial capital.Rental Demand: Due to the presence of UNM and other educational institutions, there's a consistent demand for rental properties, especially those close to campuses.Cultural Appeal: With its rich Native American and Hispanic heritage, Albuquerque offers cultural festivals, markets, and historical sites.
Andy Sabisch
Question on tenant smoking marijuana
8 January 2025 | 9 replies
The #1 reason why landlords fail is this: Failure to manage to the lease (Source: American Apartment Owners' Assn).