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.
Ming Huang
Which market should I invest as a newbie: San Antonio Vs Austin Vs OKC
22 January 2025 | 3 replies
It's a more affordable market and lower property taxes, so you may actually have a chance to cash flow.
Kristi Kandel
Resources to Help LA Communities & Families Rebuild After Wildfires
13 January 2025 | 4 replies
.🔹 Property Tax Relief – If your property is severely damaged, you may qualify for reassessment and potential tax refunds.
Amamihe Nnodum
A year review of my second property purchase
24 January 2025 | 0 replies
I also wanted to benefit from tax saving before the years end with a new property purchase.
Travis Timmons
AirDNA top STR markets to invest 2025
25 January 2025 | 25 replies
Tax Savings:While it’s true that the stock market has been strong, real estate offers unique tax advantages that aren’t available with other asset classes.
Emily Gowen
When to sell vs hold rental properties that have appreciated?
25 January 2025 | 13 replies
@Emily Gowen so as you pointed out you would not have to do a 1031 exchange on your current home to avoid the capital gains tax and coupled with what Dave Foster pointed out I think, speaking from experience you would have a high likelihood of success.Â
Fabio Cattolico
Want to start my investing career but not sure what first step is best
21 January 2025 | 8 replies
You also don't have to pay state tax on income.Â
Alex Houser
Foolish to buy office building?
18 January 2025 | 8 replies
It is what is left after snow removal, cutting the grass, utilities, tenant issues, parking lot issues, property taxes, mortgage payment, etc. that make a difference.
Guan Hong Guo
Income Criteria for Multiple Occupants
15 January 2025 | 10 replies
For example, it's difficult to appease a situation if 1 tenant claims they're using less electric/gas than another.Â
Gabriel Peryam
Excited to Join the Community!
27 January 2025 | 3 replies
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