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13 February 2025 | 35 replies
If you asked right here on BP for anyone to connect with and share their experiences, I assure you that you could get some quality referrals.From there, your biggest concern will be discerning through all the advice!
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23 January 2025 | 10 replies
My biggest concern is managing additional units and tenants.
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29 January 2025 | 11 replies
Finding a good PM will cover your concerns on managing the rental from OOS and a good agent should be able to provide you with their network of deals, including on and off market opportunities.
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23 January 2025 | 31 replies
I lived in Madrid, Spain for about 8 months and I am curious if it is possible for non-residents to successfully have rental properties within the country.My concern is mostly from a tax standpoint and whether it makes sense.My research shows that Non-residents of Spain(but a resident of Europe) pay a flat rate of 19% on NET RENTAL INCOME.Non-residents of Spain(Not a resident of Europe, such as the USA) pay a flat rate of 24% on GROSS RENTAL INCOME.The difference of paying tax on Net and Gross is huge.Americans are not able to deduct expenses such as mortgage interest, taxes, insurance, cleaning, repairs, etcA pro that I can think about when it comes to invest in Spain is that overall costs are less - Mortgage rates are currently around 4% - 4.5% while it is around 6.5% - 7% in the US.Am I reading the tax law correctly?
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22 January 2025 | 16 replies
However, a lot of concerns can be mitigated with looking at their past rental behavior in a lot of different settings.
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28 January 2025 | 9 replies
My concern is that the wholesale contract expires on Monday as well and that they are saying this to get out of their contract.
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27 January 2025 | 11 replies
You are so right about analysis paralysis 😁Not too concerned about mechanics though I would like to learn more about how to best use CRMs (specifically freedomsoft), but also would like to learn specifics regarding forming LLC structures and tax strategies 🤔
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30 January 2025 | 21 replies
Even though the tenant always pays rent, the smoking violations, pest issues caused by food waste, over-occupancy, and noise complaints are significant concerns.
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6 January 2025 | 10 replies
Are you/your partner(s) foreign nationals or non-permanent resident aliens?
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27 January 2025 | 11 replies
You've done a great job with keeping your debt low so I have no concerns about your level of discipline to use/reuse a line of credit.All the best!