David R Pustelnik
Looking to maximize my potential with rental properties
16 January 2025 | 7 replies
Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.
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.
David Krulac
More homeowners that renters in almost all counties in the country
13 January 2025 | 0 replies
Owner occupied united increased by 8.4%"Still, although the overall share of households that rented decreased, the number of rented units increased by over a million units (43.3 million to 44.6 million)."
Ian Russell
1031 exchange question
15 January 2025 | 3 replies
Cash out refinances after a 1031 exchange are not a taxable event.
Noah Laker
TAXES: Divorced client wants to sell
17 January 2025 | 3 replies
If her goal is to provide some of the proceeds to her ex in good faith, she can simply sell the property, have a tax professional estimate the taxable gains.
Miguel Del Mazo
Sale on new Furnished finder listing
10 January 2025 | 6 replies
That's a significant discount --- I wonder if they are seeing a decrease in homes posted.
Mike Terry
Help Evaluating a small multifamily
18 January 2025 | 12 replies
What is the difference between the Taxable Value and the SEV value?
Kevin Green
Why Buffalo is the Hottest Real Estate Market of 2025 (Again!)
14 January 2025 | 4 replies
Limited Housing InventoryThe number of homes for sale in Buffalo is significantly below pre-pandemic levels, with a reported 46.1% decrease compared to 2018–2019 averages.
Neil Narayan
2024’s hottest ZIP codes and hidden gems
21 January 2025 | 8 replies
The article is based on # of sales, not price increase or decrease.
Tyler Speelman
Exploring Creative Solutions for Down Payment and Tax Avoidance
12 January 2025 | 13 replies
Transferring a property title later could be deemed a taxable gift if it exceeds the annual exclusion ($17,000 for 2024).