Paige Corsello
Investing in multi-family residential construction?
22 June 2024 | 7 replies
if you buy, develop properties and then sell them.You are considered a 'developer' and the land / houses are inventory. therefore, the income would be ordinary and not capital gains.
Gwyeth Smith
Classifying Spouse as Real Estate Professional
22 June 2024 | 20 replies
I am curious if classifying my spouse as a real estate professional can offset ordinary income when filing jointly.
Brian S.
Buying property overseas
22 June 2024 | 3 replies
Does anyone have any experience buying rentals in Spain as an American?
Johnnie Fair
Screening for voucher housing
23 June 2024 | 7 replies
She then explained that being african american, she had not been able to obtain a rental; she had lived at her last house for 3 years never late on a payment.
Balaji Varadharajan
Tenant security deposit
21 June 2024 | 11 replies
A copy of these instructions will be included in the book I hope to publish this summer.I allow a few small nail holes without charge because that is ordinary for any occupant.
Michael Hansen
American Rental Managers - Property Management
18 June 2024 | 0 replies
Has anyone used American Rental Managers for their property management?
Kiefer Cheney
Advise on how to really start
21 June 2024 | 20 replies
Per this NY Times article, the average American knows around 600 people.https://www.nytimes.com/2013/02/19/science/the-average-american-knows-how-many-people.html#:~:text=The%20average%20American%20knows%20about,do%20you%20know%20named%20Kevin%3FPer the US Census Bureau, the average American moves 11.7 time in their life, which based upon an approximate lifespan of 84 years, works out to be about every 7 years.https://www.census.gov/topics/population/migration/guidance/calculating-migration-expectancy.html#:~:text=Using%202007%20ACS%20data%2C%20it,one%20move%20per%20single%20yearSo, if the average American knows 600 people and they each move about every 7 years, that means that the average American knows around 85 people that move in any given year.How many of those moves do you want to be involved in?
Gordon Middleton
Boutique Hotel - Partnership LLC structure
21 June 2024 | 10 replies
I work with a significant number of hotel entities, I can address this from a tax perspective, I'll leave the liability issues to the attorneys.The lessee / lessor entity structure can be used for a few different tax reasons:1) There is a REIT investor - in which case they can only have "Rental" type income, while hotel operations generates "Ordinary" income.
Michael Fucillo
Information on Tobyhanna PA ?
21 June 2024 | 4 replies
Even the wealthy community of Lake Naomi nearby is having serious problems recovering property values.https://www.reuters.com/article/us-usa-housing-underwater-insight/millions-of-americans-still-trapped-in-debt-logged-homes-ten-years-after-crisis-idUSKCN1LU0EP
Martin Yip Toll So
Can Canadians with no credit history in USA Assume the seller's mortgage?
20 June 2024 | 1 reply
Given that I do not have any American credit established, the technique of assuming a mortgage is very attractive to me.However, my concern is that will I be eligible to assume a mortgage given that I am not American?