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11 December 2024 | 16 replies
The remaining 40% has to be prorated.If you are not working with an accountant focused on real estate and you are focused on real estate, it may not be a good fit.
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13 December 2024 | 13 replies
Conversely, when property prices are low, rental demand decreases, causing rental rates to remain relatively flat or fall.How can you identify cities that are likely to have significant and sustained appreciation and rent growth?
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30 December 2024 | 819 replies
There were other issues regarding unreported criminal matters that were piled on so they could revoke any remaining agents license.
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13 December 2024 | 7 replies
Think of it this way, for example...If your rent is $2000 but it is vacant for 2 months that means your effective growth income (EGI) for a year lease = $20,0000But if you lower it to $1900 & it sits vacant for only 1 month your EGI for a year lease = $20,900You can play with the rent numbers & how long you think it could remain vacant, but at the end of the day the most expensive route is vacancy.
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20 December 2024 | 28 replies
While most who post about asset protection on BiggerPockets are focused on how to remain anonymous and how to prepare for conflict and liability, the billionaires are out there proactively preventing the liability events from occurring in the first place.
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11 December 2024 | 3 replies
Sometimes this happens as zoning changes over time but the residential use remains legal.
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11 December 2024 | 2 replies
My idea to buy a home is to get an 80% LTV 1st mortgage from a bank, take over that mortgage and give the seller a second mortgage for 50% of the 1st mortgage balance because I need some cash to cover the payments, which the amount of cash would be more than the remaining equity in the home.
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27 December 2024 | 66 replies
Keep in mind, the region is immensely sought after, leading to notably low capitalization rates.Positive cash flow from a rental property becomes challenging; however, there remains potential for substantial returns through appreciation.
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11 December 2024 | 1 reply
Typically, residents remain unaware unless they observe property tours or inspections.
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12 December 2024 | 6 replies
You would pay us corporate tax rate, but the retained earnings could remain in the company and not be repatriated to Canada.If you are moving to the U.S.A. and will not be keeping a presence in Canada, then once you move you should not be paying Canadian tax on your world-wide income.