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21 January 2025 | 6 replies
For example Intel headquarters, Google, FB, Amazon, Nationwide, Honda, (recently Anduril announced another 4k jobs to Columbus).
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30 January 2025 | 47 replies
If we use example above (bought the house for $40K and sold for $80K, roughly this is how it would work (excluding closing costs, paid in cash):Purchase price of property: $40,000PML to purchase the property: $50,000 at 6% APRDifference ($10,000) deposited to his account.Property sold for $80,000. $10,000 cash deposit collected from buyer.$70,000 financed as a 30 yr mortgage with 7% interest.Monthly payment to repay $50K PML in 5 years: $966.64Monthly payments collected on 30 yr loan of $70K @7%: $465.71$20,000 in the bank account after transaction closed.
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15 January 2025 | 11 replies
I have looked for examples of landlords that were protected by their LLC and always come up empty handed.
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25 January 2025 | 15 replies
For example, I have a loan that's at 0.97%.
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15 January 2025 | 144 replies
I will give you my real life example.
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31 December 2024 | 0 replies
Purchased for $139,999 using a mix of cash and hard money, we revamped it with modern updates, including a new kitchen, flooring, and fresh paint.The property rented for three years, generating steady cash flow of $450/month.
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26 January 2025 | 51 replies
For example, let's say you are guaranteed a 7% pref and the property delivers exactly that, but then sells with a capital gain.
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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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18 January 2025 | 1 reply
For example, a buyer putting 20% down on a $500k home would pay around $500k in interest over the 30-year life of a typical mortgage at a rate around 6.5%.
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29 January 2025 | 24 replies
For example, the FHA will all 100% financing on a purchase anywhere in the country, not just in the disaster area, for someone residing in a disaster area at the time of the disaster, whether they were a homeowner or renter.