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20 September 2017 | 4 replies
If you want to still have a "pass-through" US entity structure your only real options are to create a US general partnership or US limited partnership as the CRA recognizes these under the CAN-US tax treaty.
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14 May 2015 | 11 replies
If you have the most vested that will need to be shown and likely recognized and if you want to retain the property the court may well set a value and have you buy the others out.
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7 May 2016 | 40 replies
It's not hating on it so much as just recognizing that Detroit is a dying city with high crime and real estate values that have fallen through the floor; i.e. not a particularly good place to invest.
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12 December 2014 | 1 reply
I'm finding multi-family properties between $60k to 120K which is crazy given my area; so I'm leaning it consideration but recognizing my inexperience as an investor.
13 August 2017 | 14 replies
I also recognize that some of the best deals seem to be OOS, so I'm starting to look there, however the thought of buying a house in another state is daunting.
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15 July 2017 | 6 replies
Michaelina Stathakos since you are in Texas, I recognized talking to Upen Patel or Chris Mason.
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4 August 2017 | 2 replies
The Best Advice I ever Received – Paying it ForwardSome of the best advice I’ve ever received has not come from expensive seminars or real estate guru’s trying to sell me something.Instead, it has come from experienced investors who were willing to share with me what they had learned.I see many of the questions in the forums that I had when I first got, so in the spirit of paying it forward, let me share with anyone who is interested what some of those friendly pieces of advice were.If you have experience maybe you’ll chime in and add some of the more valuable tips or advice that you received when you first got started.Give it time – Everyone has dollar signs in their eyes when they first get started.Fortunately for me, someone recommended I give the business 5 years before I decided if I could make it work.I shared that plan with another investor who had been in the business for 30+ years and he suggested I give it 10 years.He didn’t explain why, but after 10 years I’ve seen the difference.At five you are just beginning to understand the business.Even at ten years, you’re not an expert.However, after ten years I find that I have enough experienced contacts in the business to solve just about any problem I encounter.I also find that it the time has helped to build a network of investors who trust me.People invest in you, not your deal – Just about everyone wants to know where the money will come from to get started in the business, unless you’re a trust fund baby.The rest of us have to save up funds or partner with other people who have the funds.You may think you have the greatest deal in the world, but no one wants to be a part of it or their terms are outrageous.It all boils down to trust.If people trust you, they will invest in and with you.If they don’t, they won’t.It’s just that simple.Unfortunately, this is momentum thing and will require that people get to know you and trust you.It’s like getting married.Most of us would not want to marry someone we just met last week.The same is true with investors.If you find a deal, the money will be there – This follows #2.If you truly have a deal, then experienced investors will recognize the deal and want to be a part of it.If they don’t, then heed their advice if they don’t feel it’s a deal.If you’re new, you’ll probably have to share a large percentage of your profits with them as they get to know you better.After a few successful deals, you’ll find money will be easier to find and you won’t have to give up as much equity.Stop spending money on expensive seminars and spend your money on marketing – I didn’t personally receive this advice, but I was party to a conversation with a newbie and an investor with over 200 homes.The newbie wanted to know if such and such guru was a good teacher.The experienced investor’s response was, “Stop going to seminars and take than money and instead invest in marketing.
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7 October 2016 | 4 replies
The ability to use different strategies, when you recognize when one would work better than another, just allows you to take advantage of different deals.Focusing on different strategies is making an attempt to use different strategies at the same time, without really being set up to do so.
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11 November 2018 | 31 replies
I recognize the cash flow isn't as good but the other 3 wealth generators can still be quite powerful as long as the property isn't cash flow negative.After I get my feet wet in Utah I would strongly consider out of state investing.
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11 January 2017 | 28 replies
Remember many states actually don’t recognize land trusts at all, so I think it really comes down to the specific state you are operating in and your goals as far as how many properties, wholesaling, flipping, or holding, whether you are buying long term investments for your grandchildren, or looking to sell quickly, whether you invest in properties alone or with a partner, or multiple partners, or whether each deal is different as far as investors, so definitely speak with your accountant and lawyer before making any decisions.