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28 January 2025 | 19 replies
And again, keep this to a single page, or at most a page and a half.
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18 January 2025 | 7 replies
We will have a happy hour in may and a masterclass event in March.
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3 February 2025 | 56 replies
Your story resonates with me and my partners, as we too ventured into Detroit's real estate market, albeit on a larger scale, and have faced some significant challenges.In the early days of COVID-19, my partners and I invested in land in Detroit's vibrant Corktown neighborhood with the intention of building 42 townhouses and a 72-unit rental building.
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20 January 2025 | 16 replies
Quote from @Yaroslav Shtogun: Hello Community,I am seeking advice on the following real estate situation:I’m in the process of purchasing a double lot property (100x100 in an RS-50 zone) that includes a 1,200 sqft wood-frame house and a 640 sqft detached garage.
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28 January 2025 | 71 replies
I also want to keep the option open for converting to condo down the road and as long as I am in the apartment doing so much work I might as well.
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2 February 2025 | 20 replies
If for no other reason, it seems that I’d have a much better understanding of pricing our rental in general and a good baseline to make decisions in the future.
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17 January 2025 | 4 replies
Yes, I have done that several times, both as a buyer and as a seller.
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19 January 2025 | 14 replies
Simplify the structure as much as possible, have clear roles and responsibilities that are not overlapping (meaning only one person is allowed to make certain decisions) and a clearly defined exit plan.
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23 January 2025 | 5 replies
That’s correct, a foreigner can buy property through a Mexican corporation, which is a great option for those investing in multiple properties or running a rental business.Key Points I'd like to add to your post:Setup Costs: $1,500–$3,000 USD.Ongoing Costs: $1,000–$2,000 USD/year for accounting and tax filings.Benefits: Allows tax deductions for expenses like maintenance, repairs, and management.Best for: Multiple properties or income-generating investments.For a single property for personal use, a fideicomiso is often simpler and more cost-effective due to its lower maintenance requirements and feesUltimately, choosing between a corporation and a fideicomiso comes down to your investment strategy.
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7 February 2025 | 17 replies
This statute section covers items on PMc's, and as detail here, an exclusionary clause to the statute which via that exclusionary clause it there in becomes an empowerment for the referenced actions being exempt from the prevailing statutes for that item.