Sophie Sawyer
My experience with Sunrise Capital (Mobile Home Fund)
29 January 2025 | 68 replies
Plus now they are trying to pass the buck with regards to the the STAR rebate we get here in NY state (if eligible and applied for).
Tom Rairdon
Tax considerations when selling a short term rental
12 January 2025 | 8 replies
If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!
Khyree Randall
Wholesaling around a 9-5
29 January 2025 | 5 replies
In the last 18 months various states have instituted new rules, regulations or laws related to (1) need for licensure to wholesale (2) restrictions on marketing of a property in which you do not have ownership and (3) disclosure requirements when dealing with a homeowner that makes it clear to the homeowner that the contact signed with the wholesaler is not a definitive “sales” contract, therefore making it less likely home owners will sign4.
Jared Fisher
Cleveland Property Manager Recommendations
11 January 2025 | 9 replies
Fees should be clearly stated in writing, easy to understand, and justifiable.
Jessica Young
HOA votes to bylaws change bans smoking but a renters' lease
29 January 2025 | 5 replies
Does the lease also state that the tenant must follow the HOA rules?
Grace Solano
Thinking out of California
19 January 2025 | 3 replies
This was my first home purchase, out of state.
Matthew Orr
Should I sure for specific performance?
28 January 2025 | 9 replies
I’m going to disagree with @Chris Seveney and say whether an assignee could force a sale directly would be a state law issue and heavily dependent upon the contract terms.
John Fleming
Property Management Reccomendation
14 January 2025 | 3 replies
Fees should be clearly stated in writing, easy to understand, and justifiable.
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.
Jeremy H Barton
New Again Investor in Hartford
21 January 2025 | 6 replies
We have great investor meetups throughout the state.