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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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14 January 2025 | 4 replies
Several options, just don't wait.
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15 January 2025 | 7 replies
A coworker mentioned they learned how to invest in real estate using the Bigger Pockets website so I decided to check it out to see what it was all about.
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11 January 2025 | 15 replies
To wait 3 months before acting is crazy!
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28 January 2025 | 14 replies
If all you are doing is just sitting and waiting for tapes to come to you, you will eventually find some deals, but it will take a lot longer and you will have to kiss a lot of frogs before you find the princes.
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16 January 2025 | 23 replies
What I'm trying to say is that going up to 1.5-2 hours outside of even the biggest cities, there are pockets of affordable towns/cities with at least positive cash flow (although its never been harder to find than right now, I've been waiting for 3 years for the market to make sense before buying again).
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16 January 2025 | 1 reply
With expiration, there is a maximum CAP for the area so new license applications would be subject to a wait list.
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18 January 2025 | 15 replies
Easiest answer, which is mentioned above and exactly what we would do, is just put a small sentence in your description and house rules.
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30 December 2024 | 1 reply
My contractor has gotten impatient waiting for him and has started taking matters into his own hands (he did the jack hammering of the floors which my plumber said had "complications" and would "take forever to get through").
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5 February 2025 | 29 replies
.- The management company offers a hands-off approach including coordinating and managing repairs, getting the property rent ready after a move out and placing a tenant from a pool of applicants that may be waiting for a property to be ready.