7 December 2018 | 10 replies
Account Closed regarding the industry being in the use of these types of tools, additionally on BP where many investors will go through an entire asset investment cycle from research, acquisition, operations, and disposition without ever dropping anything in an IRR template would give new meaning to the often used term here on BP "Analysis Paralysis".
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8 November 2018 | 4 replies
Hello,I have a lease with purchase option on a house that now has an addItIonal 20% equity from the agreed upon purchase price.
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18 December 2018 | 6 replies
Of course if there is an SFR deal that would make sense to hold, Ill add it to the portfolio.
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28 November 2018 | 3 replies
Property Transfer Tax - We have transfer taxes when you buy a property based on the fair market value of your home (based on the following scale): 1% on the first $200,000,2% on the portion of the fair market value greater than $200,000 and up to and including $2,000,000,3% on the portion of the fair market value greater than $2,000,000, andIf the property is residential, a further 2% on the portion of the fair market value greater than $3,000,000 (effective February 21, 2018).Additional Property Transfer Tax on Foreign NationalsAdditionally if you are a foreign national: another 15% tax of the fair market value of your homeSpeculation and Vacancy Tax - if you own a home that is not your primary residence and is not rented out for at least 6 months of the year you pay an extra tax 2 per cent for foreign nationals and satellite families who do not pay income tax in Canada;1% on the first $200,000,2% on the portion of the fair market value greater than $200,000 and up to and including $2,000,000,3% on the portion of the fair market value greater than $2,000,000, andIf the property is residential, a further 2% on the portion of the fair market value greater than $3,000,000 (effective February 21, 2018).1 per cent for Canadian citizens and permanent residents who are not resident in B.C. for income tax purposes (and not members of a satellite family); and 0.5 per cent for British Columbia residents who are Canadian citizens or permanent residents (and not members of a satellite family).
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13 November 2018 | 7 replies
Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe.
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28 November 2018 | 16 replies
Does anyone have any additional info?
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16 November 2018 | 66 replies
Knowing what we knew and some shared knowledge from our family in the many processes of owning, buying, flipping we wanted to take our profits from the first house and turn that into additional income.
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11 November 2018 | 5 replies
I like the ideas I've seen of making two payments to the owner ----- one for the market price "rent" and one for additional down payment.
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12 November 2018 | 1 reply
Additionally, we didn't have trouble pulling the trigger, so to speak.
8 January 2019 | 4 replies
2) You should review government as well as the commercial plans for a particular area to see what is planned if anything. 3) In addition, the economy plays a significant role in the area development.