Account Closed
Ideal Real Estate Strategy
8 April 2010 | 13 replies
Location:On the edge of Clinton Hill/Bed Stuy border 2 blocks from subway Price of Property: $210,000 Repairs: $100,000 (Have two quotes of $80K and $100K) Liens:1st Mortgage $74,0002nd Mortgage $12,000NY State Dept of Tax $1,613 (Can be shorted)Violations $14,456 (Can be shorted)Fed Tax Lien $15,792 (Can be shorted)Tab Violation $125 (Can be shorted)Total Liens $117,986 (Liens can be shorted down to $90K) Total (Before Short) $427,986Total (After Short) $400,000 Assignment Fee (3%) $12,500Gus Commission(3%) $12,500 Total Sales Price $425,000 Low End ARV : $600,000 LTV =70%High End ARV : $650,000 LTV= 65% This property was in a good area and had a lot of equity built into the property.What would be the best method to use in order to make this deal work for all parties?
Roman Stefaniw
Canadian Bigger Pockets Members?
12 February 2020 | 99 replies
In addition to being a US real estate investor I run my own cross border tax return consulting and tax preparation business.
George P.
Dead tree issue
17 May 2011 | 6 replies
(every house in the development is situated on 1+ acre lots in the heavily wooded area; it's not quite clear where the property border goes).
Mary Ann Ead
Hello, Mary Ann from Southern Arizona
19 October 2008 | 4 replies
This is a small border town.
Andrew McBurney
Newbie in Toronto, Ontario (GTA)
14 March 2018 | 10 replies
(Although even south of the border it is far from easy).Not saying it's not possible - but just letting you know the temperature of the water before you jump in.
Toshi Taniguchi
What are the best states to do lease options?
20 March 2018 | 2 replies
Hey Toshi,I just got done flipping my first property off of the I-17 and Northern avenue on the border of Phoenix, Glendale Arizona.
Andriy Makoviychuk
International Investor In Buffalo NY/ Erie County
4 February 2018 | 7 replies
You get charged for a lot of BS expenses and since you're not there, it's hard to fight that battle on an ongoing basis.We're mostly acquiring in Texas and the Southern States because of the laws are investor friendly, you get economies of scale with bigger properties, can structure better lending and have access to better (IMO) property management with more sophisticated reports and tools.Also, hope you know how the tax structure works for cross-border transactions.
James E Fisher
Looking for real estate agent in Woonsocket/Providence area
7 February 2022 | 1 reply
Newbie investor looking for multifamily properties in RI close to MA border.
Donald Dienst
Phillipsburg NJ - Row house??
19 October 2016 | 3 replies
Yet I don't think they considered it was on a pristine stocked fishing river bordering a state park as there is nothing comparable for these features.
Ram Srinivasan
Bank Accounts for US Corporation and LLP - Columbus Market?
30 June 2014 | 9 replies
I am both delighted and surprised on BMOs willingness - a short while ago, there were not as keen on the cross border banking as either TD or RBC.