Bruno Morales
Investing as a foreigner
26 May 2022 | 8 replies
I've invested in the US from Canada, hardest part is probably financing.I have not used financing in the US because the property I bought was too cheap to get a mortgage on.I know some Canadian lenders have US subsidiaries but when I reached out to them on a bigger deal I never got any answers.Also, if investing remotely, you need reliable/trustworthy people to manage your properties otherwise you're in for a looooong ride.I'd be curious to see what the above poster has to offer for foreigners and what the restrictions are.
Brian Desi
Has anyone started their own local REIT?
11 February 2022 | 5 replies
A REIT is a very specific tax structure.I am in investor in a syndicated Fund (yes a Fund is also a syndication) that is an LP structure and holds subsidiary REITs to help shelter tax implications at the property level.
Levar Burton
Do I set up LLC holding company to establish credit?
13 February 2022 | 2 replies
I plan on moving out of Virginia in the next year or so and I don't want to have an LLC here just holding my credit cards.So my question is would it make sense to have a foreign entity LLC holding company incorporated in Delaware or Wyoming for my credit cards and then have the Virginia Airbnb LLC under it as a subsidiary?
Patrick K.
How to secure finance for multiple rentals (10+)?
24 April 2022 | 10 replies
It may be worth a call to Lima One Capital or Lending One (a subsidiary of Blackstone Capital) to get a lead on a lender in Canada doing the same type of financing.All the best!
Bryan Noth
Infineon's factory expansion plans revealed for Austin, Texas
16 February 2022 | 1 reply
"Germany-based semiconductor company Infineon Technologies AG is seeking tax incentives from Del Valle Independent School District for a $700 million facility expansion in Austin.The company, under the subsidiary Spansion LLC, plans to expand its existing wafer fabrication campus in Southeast Austin by nearly 154,000 square feet and create 100 jobs, according to an application for Chapter 313 incentives posted Feb. 15 to the Texas comptroller's website."
Pal Sa
What is the catch with expat tenants?
28 February 2022 | 6 replies
I work for a J-company, and we have wholly-owned subsidiaries in the US.
Lisa Widdowson
Typical property management contract terms?
18 February 2022 | 1 reply
>Tenant Procurement/Placement – could be percent of monthly rent or a flat feePictures, 3D Tours, etcAdvertising prep and determining market rentProperty advertisingAnswering inquiries (phone/text/emails/etc)Scheduling showingsShowingsApplication processingLease signings and MoveInsFollowing up on all of the above, hopefully consistently updating owners>Maintenance ChargesCommon: owner agrees in contract that PMC can perform work without owner approval up to a certain threshold (Example $500) or in an emergency.Questionable: owner doesn’t find out about charges below threshold until they get their monthly statement.Hourly – PMC bills at hourly rate depending on type of ServiceTech sentEXAMPLE: Owner billed at $65/hour for handyman workMarkup is hidden in that rate as highly unlikely PMC is paying their handyman the whole $65/hour.PMC or a subsidiary billing – PMC submits bill from their companyEXAMPLE: Owner receives a bill for licensed HVAC work on PMC form.Owner does not get the licensed mechanical contractor bill, so has no idea of PMC hidden markupTransparent – original bills from all contractors sent to owner, PMC charges a pre-approved markup for their time to handle.EXAMPLE: Owner receives a bill for licensed HVAC work on contractor’s form.Only challenge is some PMC’s get illegal kickbacks from contractors owners don’t seeThere are then many different IF -> THEN fees to cover evictions, emergencies, filing insurance claims, etc.WARNING: never assume you won’t be charged for something unless it states so in the management contract!
Jeff Binkley
How to structure Partnership RE Company?
7 May 2021 | 2 replies
The subsidiary LLCs own the properties and the parent LLC owns the subsidiaries.
Jake Sklanka
Are EOY Charitable donations from S Corp tax deductible?
21 January 2021 | 15 replies
: ) For everyone else, I'll say that most of the brokerage houses offer a DAF through a subsidiary or related party.
Nathan Gesner
California ramps up the crazy, wants to own 45% of your home
2 July 2021 | 55 replies
Short sales, the sub-prime melt down of 2007, 95% LTV loans to unqualified borrowers by Country-Wide Mortgage (Not the current B of A subsidiary), before that it was the Charles Keating / Lincoln Savings debacle that gave rise to the Resolution Trust Corporation (RTC), interest rates in the late 70's of 16%, but no loans because no equity and on and on.