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.
Portia Dampier
Seeking Advice on Coaching/Mentor Programs for Real Estate Investing
3 January 2025 | 10 replies
I have every intent to complete my very first fix-and-flip project in 2025!
Account Closed
Property managers allowed unsupervised showings, resulting in theft
17 January 2025 | 5 replies
You'll have to keep escalating this to get it resolved as the national PMC you hired is probably using poorly trained VAs who don't know/care/authorized to fix the problem.What do you mean about the, "undisclosed maintenance markup fees"?
William Taylor
New to BiggerPockets Forum as an Agent/Investor! *New Member Introduction*
12 January 2025 | 5 replies
As stated, currently building captial and hoping to buy an investment property (whether it be more likely a fix/flip, or a rental), within the next year.
Maxwell Silva
How do I market myself as a new agent?
25 January 2025 | 26 replies
Cut out expensive stuff you do not need but just want.Try to get that monthly amount needed to survive to a nominal amount.3.
Ming Huang
OKC long term investments experience and recommendations
27 January 2025 | 7 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Jeffrey Hayes
Help! Seeking Advice on Determining Monthly Rental Rate for SFH Lease
2 February 2025 | 9 replies
First off, pardon me if I misunderstand things given the limited amount of information I have, but there are 2 things right off the bat just from your description that could be contributing to your issue: 1) a 2nd floor unit - I had a similar setup for a duplex I owned in St.
David Bull
2nd house out of 25 in the next 4.5 years
8 January 2025 | 4 replies
PITI amount is $566.00.
Victor Yang
Taking a small loss to save on taxes?
19 January 2025 | 7 replies
If you have a significant amount of passive income (from passive investments maybe from K-1s or other rental properties), then you could use the apartment rental loss to offset that passive income only.
Alyssa Dinson
What has been your experience with out of state investing?
16 January 2025 | 78 replies
The ones who bought cheaper properties trying to fix up had mixed results with one getting hustled by a contractor and definitely going into the red.