Augustine Chang
Breakeven Strategy for Studio Condo Rental in NYC – Need Advice on Options!
20 January 2025 | 1 reply
I would need to consult tax consultant for this however I expect to reduce my effective costs by ~$1,495/month (based on a 32% tax bracket).2.
Adedayo Adetunji
Stranger occupied property without consent
8 January 2025 | 5 replies
We get just as frustrated because the system is a bit "broken":(I believe the team is in communication with you about your options - just be sure to also let us know your choice to secure the property to deter squatters as cost-effectively as possible.
Owen Reeter
College Student Beginner
6 January 2025 | 3 replies
Eliminate debt, establish a budget, and save.
Christian Gillison
New wholesaler in the Pittsburgh community excited to learn and connect !
5 January 2025 | 3 replies
One thing though is that there are requirements coming into effect soon where wholesalers will need to get their license in PA for any properties that they wholesale, so you might want to look into that before it becomes official!
Richard Volkov
Could This Be a New Way to Invest in Real Estate Without Buying the Whole Property?
19 January 2025 | 47 replies
2- if there is a “problem” Will the “solution” discussed solve it in a cost effective, consumer accepted way?
Dillon Seal
Long Time Lurker
12 January 2025 | 5 replies
My interests lie in all areas of real estate, and I am eager to explore potential opportunities and gain insights into effective strategies.
Fed Finjap
Reflecting on my first year house hacking a 3-flat in Chicago
2 January 2025 | 11 replies
Tenant screening, especially here in Chicago, is one of the most important things you have to prioritize learning - learning it the hard way is the fastest, but not always the most cost-effective (I know from experience haha)If you still need a solid eviction attorney, please let me know!
Ashley Snider
Hello! Starting on square one!
6 January 2025 | 11 replies
Eliminate debt, establish a budget, and save.
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.