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.
Scott MacComb
Contract with general contractor on house flip
31 December 2024 | 13 replies
Quote from @Scott MacComb: I am doing my first true house flip (have remodeled plenty of houses for rental) and am trying to figure out a contract to use with a new general contractor whom I have not worked with previously.
Abigail Lincoln
First Home Investment
12 January 2025 | 0 replies
House hacking our basement as our first investment, we have remodeled and redone our entire basement and now getting ready to rent out.
Susana Alcorta
New to RE living in Austin TX area and about to move to Protland OR!
17 January 2025 | 6 replies
But, since I'll be there for at least a year, I've considered buying a live-in flip house to remodel and sell or rent later.
Nevin Wilkie
Paint and Cabinets recommendations
3 January 2025 | 5 replies
I have remodeled several hundred places and the ones made with particle board look good but don't last.
Carl Rowles
Flooded House-Plz Help
29 December 2024 | 14 replies
.- Check with your insurance agent ASAP.You'll need to file a claim and get a claim number.Try to get an insurance adjustor in ASAP, so you can start pumping water out, removing all water damaged drywall and get dehumidifiers in. - Note: the insurance company's adjustor will try to minimize your claim amount.
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 13 replies
The short answer is: file form 1099-NEC.
Randee Erickson
Blue Gate Capital - are they legitimate?
17 January 2025 | 37 replies
It wasn’t an issue of “underwriting does review a file until it was complete”.
Ricardo Garcia
Truebooks CPA - Feedback
9 January 2025 | 46 replies
My experience so far has made me regret my decision for TrueBooks to file my return.
Kyle Biggs
What should I do
3 January 2025 | 12 replies
Should I buy it and take 500-600 less profit per month knowing I can sell it for a large profit as is or even more if completely remodeled?