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29 January 2025 | 6 replies
As long as you file it, you have protection from the charge of fraud.Tip: if you file Form 8082 to protect yourself, send your tax return in by mail.
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17 January 2025 | 6 replies
Not every real estate agent is an investor, and not every agent focuses on 1-4 unit properties, let alone has the ability to purchase them.
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22 January 2025 | 5 replies
.- Cities like Toronto will levy another tax (Vacant Home tax) equivalent to 1% of the current assessed value of the property if the property is not occupied (rented, owner-occupied, family occupied, all count as occupied)- Land Transfer Tax: while the Province of Ontario charges anywhere between 0.5 - 2% of Land Transfer Tax when your transaction closes, you should expect to pay this amount twice if the property is in the City of Toronto .
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9 January 2025 | 4 replies
I’ve been considering working for as a acquisition manager for a wholesaling company, as I believe it would help me develop skills in property analysis and enhance my sales abilities.
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20 January 2025 | 5 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
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7 February 2025 | 14 replies
You might look into forming your LLC in a state like Wyoming or Nevada where you have an ability to maintain anonymity as well.
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31 January 2025 | 121 replies
But be wary, there are expensive accountants out there that try to overly charge clients due to their knowledge.
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21 January 2025 | 6 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.
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21 January 2025 | 14 replies
Your strategy takes advantage of your employment cash flow and ability to control discretionary spending.
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15 January 2025 | 5 replies
It seems you and your husband have the ability to make a property more desirable and I would try to stay local for the same reasons you listed.