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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.
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23 January 2025 | 5 replies
You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.
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18 January 2025 | 3 replies
Design matters in today's investing world, and it's so important to get that design right on your projects.This is just one example of how bold designs are not always what's best for your flips!
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18 January 2025 | 10 replies
For example if a single family home rents for $1700 in your area.
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4 February 2025 | 9 replies
For example, I told a landlord I could sell his property for $450,000.
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12 February 2025 | 13 replies
However, if you're okay with some cash flow but AMAZING appreciation potential and the best macroeconomics, I would look into the Columbus Ohio market as this is where all of the population growth, job growth, and companies moving/developing here (for example Intel, Google, Amazon, FB, LG, Honda, Nationwide, Anduril, etc).
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12 February 2025 | 20 replies
For example: would you want to do 2 flips in a year and make 140K on each for a total of 280K.
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11 February 2025 | 14 replies
But if you are for example funding the improvements out of pocket, you will want that initial value.
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21 January 2025 | 10 replies
Here's an example: https://www.schlage.com/en/home/products/JDE265SUTFFFSTR.htm...
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19 January 2025 | 9 replies
One example was having to create a 720' sewer extension of the town's sewer line!