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.
Adedayo Adetunji
Stranger occupied property without consent
8 January 2025 | 5 replies
We get just as frustrated because the system is a bit "broken":(I believe the team is in communication with you about your options - just be sure to also let us know your choice to secure the property to deter squatters as cost-effectively as possible.
Marquez Cadet
Repair Costs Using Home Warranties
30 December 2024 | 3 replies
For residential multifamily properties (1 - 4 units), can you use a home warranty to take care of the repair costs associated with rentals?
Kevin G.
Antioch BRRRR Project
7 January 2025 | 0 replies
It was in rough condition, which limited competition and made it a strong candidate for the BRRRR method.Negotiation: After analyzing comps and repair costs, I negotiated a $420,000 purchase price, which was below the market value for similar properties in the area.
Brandon Morgan
high utility costs for tenants, non compliance, not sure what to do.
9 January 2025 | 3 replies
I am doing my best to accommodate and fix the insulation as well as see if there are programs in place to lower the cost. however i want to be firm with tenant as they are not compliant with paying rent because of the cost of the utilities.
Chungying Chu
How to get an umbrella policy as non-resident
4 January 2025 | 8 replies
I understand I can increase liability in each individual landlord policy, but one single umbrella policy is much more cost effective when I have multiple properties.
Tiffani Hollis
Appliances - New or Used?
17 January 2025 | 6 replies
@Tiffani HollisFor a long-term rental, I’d avoid used dishwashers entirely—repair costs and reliability issues often outweigh the savings.
Delroy Watson
Unfinished Basement conversion
13 January 2025 | 6 replies
Figuring out the true cost will heavily depend on the type of dig down, depth, and total square footage.
Scott Tennell
Effective Strategies for Structuring Deals with Private Money Lenders
19 December 2024 | 5 replies
Quote from @Scott Tennell: For real estate investors who have worked with private money lenders, what strategies have you found most effective in structuring deals to ensure both parties are protected and the funding process runs smoothly?
Stanley Nguyen
Tax on private lending fund
15 January 2025 | 12 replies
I would suggest you up your rate from 8% to 10% to help off-set some of that cost. 10% is doable all day long here in Texas.